On this page of StockholderLetter.com we present the 3/28/2023 shareholder letter from Paycom Software, Inc. — ticker symbol PAYC. Reading current and past PAYC letters to shareholders can bring important insights into the investment thesis.

Recognized as one of the World s Most Innovative Companies by Fast Company, Paycom continues to change the way the world works. Our comprehensive human capital management technology transforms businesses through a single, easy-to-use software. Every part of our cloud-based tech is built to simplify employees work lives one streamlined, automated payroll and HR task at a time. With full adoption of Paycom, every level of an organization benefits, from the front-line worker to the C-suite executive: Employees gain autonomy as they are empowered to take responsibility for their data. Relieved of that administrative burden, HR professionals experience a shift from menial to meaningful duties, like empowering employees. Employers enjoy more efficiency, maximize ROI and save resources. Paycom allows employees to access pay stubs and tax forms, self-onboard, train and develop, update personal information, submit PTO requests and expenses, enroll in benefits and more. Since our inception in 1998, payroll has served as our software s core. And today, what puts us above our competitors is how we have reshaped it with Beti , our employee-guided payroll experience. Beti automatically identifies potential errors, then guides employees to fix them before payroll submission. The employee gains confidence knowing their check will be 100% correct, saving HR from costly corrections that otherwise divert time from their true purpose. When companies provide the tools today s workforce expects, they earn employees trust and gain a vital competitive edge. As more organizations realize the power of employees using HR and payroll tech, we remain focused on innovating to meet businesses evolving needs. Learn more at paycom.com.
Annual Revenue 2022 $1.375 2021 $1.056 billion 2020 $841 million billion 2019-2022* Compound annual growth rate up 30.3% 25% *Jan. 1, 2019, through Dec. 31, 2022
2022 HIGHLIGHTS approximately 36,600 CLIENTS* Client Base *as of Dec. 31, 2022 nearly 19,100 CLIENTS* based on parent company grouping Audience Growth 79.4K Webinar Attendees
Annual Revenue Retention Rate 93% Over 146.6M Social Media Video Views
 • shareholder letter icon 3/28/2023 Letter Continued (Full PDF)
 • stockholder letter icon 3/28/2024 PAYC Stockholder Letter
 • stockholder letter icon 4/3/2025 PAYC Stockholder Letter
 • stockholder letter icon More "Application Software" Category Stockholder Letters
 • Benford's Law Stocks icon PAYC Benford's Law Stock Score = 80


PAYC 3/28/2023 Shareholder/Stockholder Letter Transcript:


Recognized as one of the World   s Most Innovative
Companies by Fast Company, Paycom continues to change
the way the world works. Our comprehensive human capital
management technology transforms businesses through a
single, easy-to-use software.
Every part of our cloud-based tech is built to simplify
employees    work lives     one streamlined, automated
payroll and HR task at a time. With full adoption of Paycom,
every level of an organization benefits, from the front-line
worker to the C-suite executive:


Employees gain autonomy as they are
empowered to take responsibility for their data.
Relieved of that administrative burden, HR
professionals experience a shift from menial to
meaningful duties, like empowering employees.
Employers enjoy more efficiency, maximize ROI
and save resources.
Paycom allows employees to access pay stubs and tax
forms, self-onboard, train and develop, update personal
information, submit PTO requests and expenses, enroll in
benefits and more.
Since our inception in 1998, payroll has served as our
software   s core. And today, what puts us above our
competitors is how we have reshaped it with Beti  , our
employee-guided payroll experience. Beti automatically
identifies potential errors, then guides employees to fix
them before payroll submission. The employee gains
confidence knowing their check will be 100% correct,
saving HR from costly corrections that otherwise divert
time from their true purpose.
When companies provide the tools today   s workforce
expects, they earn employees    trust and gain a vital
competitive edge. As more organizations realize the power
of employees using HR and payroll tech, we remain focused
on innovating to meet businesses    evolving needs.
Learn more at paycom.com.

Annual Revenue
2022
$1.375
2021
$1.056 billion
2020
$841 million
billion
2019-2022*
Compound annual
growth rate
up 30.3%
25%
*Jan. 1, 2019, through Dec. 31, 2022

2022 HIGHLIGHTS
approximately
36,600 CLIENTS*
Client Base
*as of Dec. 31, 2022
nearly
19,100 CLIENTS*
based on parent
company grouping
Audience Growth
79.4K
Webinar Attendees

Annual Revenue
Retention Rate
93%
Over
146.6M
Social Media Video Views



shareholder letter icon 3/28/2023 Letter Continued (Full PDF)
 

PAYC Stockholder/Shareholder Letter (Paycom Software, Inc.) 3/28/2023 | www.StockholderLetter.com
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