Paycom

Paycom Software Inc. represents a unique success story in the HCM industry—a company built from the ground up in Oklahoma City that has grown to become a publicly traded leader serving over 37,000 clients nationwide. Founded in 1998 by Chad Richison, who started the company at age 27 with proceeds from selling his house and cashing out his 401(k), Paycom was among the first companies to process payroll completely online, pioneering cloud-based HR technology when internet adoption among businesses was still emerging.

Paycom's defining characteristic is its unwavering focus on employee self-service and automation, best exemplified by its revolutionary Beti® solution that enables employees to do their own payroll. This approach reflects the company's core philosophy: empowering employees to manage their own HR data not only improves accuracy and reduces errors but also frees HR teams from administrative burdens to focus on strategic initiatives. The company's recent innovations, including the GONE® automated time-off tool and the IWant™ AI-powered command engine, continue this tradition of putting powerful technology directly in employees' hands.

With annual revenue of $1.88 billion in 2024 and an impressive 41% EBITDA margin, Paycom has demonstrated both strong growth and operational efficiency. The company's business model centers on recurring subscription revenue (93.4% of total revenue), providing predictable cash flow and strong customer retention with a 90% annual retention rate. Paycom serves over 7 million persons employed by its clients across diverse industries including manufacturing, retail, healthcare, hospitality, technology, and education.

Paycom's commitment to innovation is evident in its substantial R&D investments and rapid product development cycle. The company develops all software in-house, maintaining complete control over its technology stack and product roadmap. This approach has enabled Paycom to consistently launch market-leading features that differentiate it from competitors. As the company expands into larger enterprise clients and international markets with its Global HCM solution available in 190+ countries and 15 languages, Paycom is well-positioned for continued growth while maintaining its core identity as an employee-first, technology-driven HCM innovator.