Paycom Soft (PAYC)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	634,328	592,551	584,578	576,704	451,322	450,433	427,797	412,844	378,679	341,471	310,511	285,288	253,567	221,188	211,919	191,405	186,123	210,170	226,690	253,000
Revenue (ttm)	US$ in thousands	1,883,127	1,823,922	1,778,291	1,741,918	1,693,674	1,629,687	1,557,551	1,473,336	1,375,218	1,289,596	1,211,623	1,136,845	1,055,524	991,485	931,823	871,264	841,434	813,896	792,370	780,096
Operating profit margin		33.68%	32.49%	32.87%	33.11%	26.65%	27.64%	27.47%	28.02%	27.54%	26.48%	25.63%	25.09%	24.02%	22.31%	22.74%	21.97%	22.12%	25.82%	28.61%	32.43%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $634,328K ÷ $1,883,127K
= 33.68%

Paycom Soft's operating profit margin has shown fluctuations over the analyzed periods. Starting at 32.43% in March 2020, the margin decreased to 22.12% by December 2020. Throughout 2021, the margin remained relatively stable, hovering around the low to mid-20% range. However, from March 2022 to December 2024, the operating profit margin displayed a generally increasing trend, reaching a peak of 33.68% by the end of December 2024. This indicates that Paycom Soft has been able to improve its operational efficiency and generate more profit from its core business activities over time.