Paycom
 | |
| Paycom | |
| Company type | Public |
| ISIN | US70432V1026 |
| Industry | |
| Founded | 1998[1] |
| Founder | Chad Richison |
| Headquarters | Oklahoma City, Oklahoma, U.S. |
Area served |
|
Key people | |
| Services | Cloud-Based Payroll Software SaaS HCM |
| Revenue |  US$1.88 billion (2024) |
| US$634 million (2024) | |
| US$502 million (2024) | |
| Total assets | US$5.86 billion (2024) |
| Total equity | US$1.58 billion (2024) |
Number of employees |
|
| Website | paycom |
| Footnotes / references Financials as of December 31, 2024[update].[2] | |
Paycom Software, Inc., known simply as Paycom, is an online payroll and human resource software provider based in Oklahoma City, Oklahoma with offices throughout the United States.[3][4] It is attributed with being one of the first fully online payroll providers.[5] Founded in 1998, it reported annual revenue of $1.883 billion for 2024, up from $1.694 billion for 2023.[6][7]
History
[edit | edit source]Paycom was founded in 1998 by Chad Richison, who previously worked in the payroll processing industry.[8] It began as an online payroll service provider for businesses, and expanded to offer additional services including human resource management in 2001.[3] On April 15, 2014, Paycom opened for trade on the New York Stock Exchange under the ticker symbol PAYC.
In 2011, it released additional services including E-Verify, onboarding, expense management, and document storage.[9] In 2014, Paycom built a 90,000-square-foot addition to its headquarters—effectively doubling the size of its offices.[10] The company completed construction on its third and fourth buildings (in 2016 and 2018, respectively). In 2024, it opened its fifth building, bringing the total square-footage of its corporate campus to 815,000.[11][12][13] In May 2022, Paycom held a grand opening ceremony for a new 150,000 square-foot operations center in Grapevine, Texas.[14]
CEO Chad Richison was the highest paid executive in the United States in 2020, earning $211.13 million from Paycom as part of a 10-year performance contract. The compensation consists mostly of stock shares that only vest if the company reaches specific stock price benchmarks by 2026 and 2030.[15][16]
In 2021, Paycom announced the release of Beti®, an enhancement to its payroll system allowing employees to complete their own payroll.[17] Later that year, they bought the naming rights to the Paycom Center, home of the Oklahoma City Thunder.[18]
In April 2023, Paycom launched Global HCM™, a human capital management software available in over 190 countries and 15 languages and dialects.[19]
In December 2023, Paycom announced its next step in HR automation, GONE®, an enhancement to existing Time-Off Request software.[20]
In July 2025, Paycom launched IWant™,[21] a command-driven AI engine allowing users to seek information about employee data without having to navigate through the software.[22]
References
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External links
[edit | edit source]- Official website
- Business data for Paycom Software, Inc.:
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