Paycom
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. It is attributed with being one of the first fully online payroll providers. Founded in 1998, it reported annual revenue of $2.052 billion for 2025, up from $1.883 billion for 2024.
 | |
| Paycom | |
| Company type | Public |
| ISIN | US70432V1026 |
| Industry | |
| Founded | 1998[1] |
| Founder | Chad Richison |
| Headquarters | Oklahoma City, Oklahoma, U.S. |
Key people | |
| Services | Cloud-Based Payroll Software SaaS HCM |
| Revenue |  US$2.05 billion (2025) |
 US$567 million (2025) | |
| US$453 million (2025) | |
| Total assets | US$7.6 billion (2025) |
| Total equity | US$1.73 billion (2025) |
Number of employees |
|
| Website | paycom.com |
| Footnotes / references Financials as of December 31, 2025[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 $2.052 billion for 2025, up from $1.883 billion for 2024.[6][7]
History
[edit]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 2023, the company expanded its Global HCM offerings, providing access in more than 190 countries.[19]
In December 2023, Paycom announced its next step in HR automation, GONE, a decisioning logic 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
[edit]- ^ Collinsworth, Alice (22 September 2006). "UCO grad's company earns honors for record growth". Edmond Sun. Retrieved 25 November 2013.
- ^ "Paycom Software, Inc. Reports Fourth Quarter and Year-End 2025 Results". investors.paycom.com. Retrieved 2026-02-18.
- ^ a b Stafford, Jim (18 March 2008). "Paycom's work pays off, local online payroll, human resources service company extends national reach". The Oklahoman. Retrieved 25 November 2013.
- ^ Lawson, Michael S. (2010). Leading Change in Turbulent Times: How Effective Leaders Execute Change and Land Safely in Health and Business. AuthorHouse. ISBN 978-1-4520-9289-8.
- ^ Bruns, Brian (25 August 2011). "Paycom CEO predicts company growth". The Journal Record. Retrieved 25 November 2013.
- ^ "Paycom Software, Inc. Reports Fourth Quarter and Year-End 2024 Results". investors.paycom.com. Retrieved 2025-02-17.
- ^ "Paycom Software, Inc. Reports Fourth Quarter and Year-End 2025 Results". investors.paycom.com. Retrieved 2026-02-11.
- ^ Mecoy, Don (29 November 2009). "Loss leaves boss driven to succeed". The Oklahoman. Retrieved 25 November 2013.
- ^ Black, Ron (26 August 2011). "Paycom Celebrates Grand Opening of New National HQ". Ron Black Radio. Retrieved 25 November 2013.
- ^ Bailey, Brianna (9 June 2014). "Paycom projects growth at Oklahoma City headquarters". The Oklahoman.
- ^ "Oklahoma City-based Paycom stock soars after second quarter growth". Oklahoman.com. August 2, 2018.
- ^ Money, Jack (9 February 2017). "Strong Paycom earnings report sends stock soaring". The Oklahoman.
- ^ "The Oklahoman Subscription Offers, Specials, and Discounts". subscribe.oklahoman.com. Retrieved 2025-01-18.
- ^ "S&P 500 giant Paycom opens highly anticipated Grapevine center, its second-largest office". Dallas News. 2022-05-11. Retrieved 2022-06-02.
- ^ Gelles, David (2021-04-24). "C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic". The New York Times. ISSN 0362-4331. Retrieved 2021-04-25.
- ^ Reuter, Dominick. "The CEO of a company you've probably never heard of earned $211 million in compensation last year — and the title of highest-paid chief executive, according to a new ranking". Business Insider. Retrieved 2021-05-20.
- ^ Griffin, David. "Paycom Launches New Self-Managed Payroll System". www.news9.com. Retrieved 15 July 2021.
- ^ Crain, Nick. "Thunder Announce 15-Year Naming Rights Agreement With Oklahoma City-Based Paycom". Forbes.
- ^ DeRose, ByAdam. "Paycom expands its global footprint". HR Brew. Retrieved 2026-03-26.
- ^ Barth, Jill (2024-08-27). "Unveiling the winners: 2024 Top HR Tech Products of the Year". HR Executive. Retrieved 2025-01-24.
- ^ Links, May Contain Affiliate (2025-08-21). "HR Executive Announces Top HR Products of 2025, AI solutions like Paycom's IWant rise to top". www.dailycal.org. Retrieved 2025-08-22.
- ^ "Paycom launches IWant AI engine for employee data access". StreetInsider.com. Retrieved 2025-07-30.
External links
[edit]- Official website
- Business data for Paycom Software, Inc.: