(Removes reference to businesses delaying or reducing HR purchase in paragraph 1 of February 11 story; Removes paragraphs 2 and 3 with reference to impact on Paycom from macroeconomic challenges and slowdown in hiring at small- and -sized businesses) Feb 11 (Reuters) – Paycom Software forecast annual revenue below Wall Street expectations on Wednesday, sending […]
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Payroll software maker Paycom forecasts weak 2026 revenue, shares fall (February 11)
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(Removes reference to businesses delaying or reducing HR purchase in paragraph 1 of February 11 story; Removes paragraphs 2 and 3 with reference to impact on Paycom from macroeconomic challenges and slowdown in hiring at small- and -sized businesses)
Feb 11 (Reuters) – Paycom Software forecast annual revenue below Wall Street expectations on Wednesday, sending its shares down over 7% in extended trading.
The human capital management market has become increasingly crowded, with Paycom competing against rivals such as ADP, Paylocity and Workday for market share.
The Oklahoma City-based company provides cloud-based software that handles everything from talent acquisition and payroll to time management on a single platform.
Paycom forecast 2026 revenue in the range of $2.18 billion to $2.20 billion, below analysts’ average estimate of $2.23 billion, according to data compiled by LSEG.
The payroll processor reported revenue of $544.3 million for the fourth quarter ended December 31, ahead of analysts’ estimates of $543 million.
(Reporting by Juby Babu in Mexico City; Editing by Alan Barona and Vijay Kishore)