Paycom Software, Inc. (PAYC) Balance Sheet
PAYC balance sheet, 2025
December 31, 2025 · U.S. dollars$7.60B assets = $5.87B liabilities + $1.73B equity
Both columns are drawn to the same scale: what PAYC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PAYC financial health
Descriptive bands, not a rating. Fiscal 2025.
PAYC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.08B2016 | $7.60B2025 | +24.2%/yr | |
| Total liabilities | $962.1M2016 | $5.87B2025 | +22.2%/yr | |
| Shareholders’ equity | $116.5M2016 | $1.73B2025 | +35.0%/yr | |
| Cash & short-term investments | $60.2M2016 | $370.0M2025 | +22.4%/yr | |
| Total debt | $29.8M2016 | $152.2M2025 | +19.9%/yr | |
| Net cash (debt) | $30.3M2016 | $217.8M2025 | +$187.5M | |
| Working capital | $26.7M2016 | $470.4M2025 | +$443.7M | |
| Book value per share | $1.982016 | $30.862025 | +35.7%/yr | |
| Current ratio | 1.032016 | 1.092025 | +0.06 | |
| Debt / equity | 0.262016 | 0.092025 | −0.17 | |
| Shares outstanding | 59.0M2016 | 56.1M2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PAYC assets
PAYC liabilities and equity
PAYC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PAYC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $370.0M | $402.0M | $294.0M | $400.7M | $278.0M | $151.7M | $133.7M | $45.7M | $46.1M | $60.2M |
| Cash & equivalents | $370.0M | $402.0M | $294.0M | $400.7M | $278.0M | $151.7M | $133.7M | $45.7M | $46.1M | $60.2M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $123.1M | $51.1M | $34.8M | $28.4M | $25.9M | $19.6M | $13.3M | $7.4M | $8.6M | $2.0M |
| Inventory | $1.7M | $1.4M | $1.4M | $1.6M | $1.1M | $1.2M | $1.2M | $797,000 | $979,000 | $675,000 |
| Other current assets | $5.34B | $3.85B | $2.48B | $2.33B | $1.95B | $1.69B | $1.72B | $1.01B | $1.12B | $862.7M |
| Total current assets | $5.84B | $4.30B | $2.81B | $2.76B | $2.25B | $1.86B | $1.87B | $1.06B | $1.18B | $925.6M |
| Property, plant & equipment (net) | $776.7M | $642.0M | $572.0M | $402.4M | $349.0M | $285.2M | $238.5M | $177.0M | $147.7M | $96.8M |
| Goodwill & intangible assets | $89.3M | $98.1M | $102.0M | $105.9M | $109.9M | $52.2M | $52.4M | $52.6M | $52.8M | $53.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $893.9M | $815.0M | $710.1M | $630.0M | $504.2M | $405.9M | $324.9M | $227.7M | $0 | $2.4M |
| Total assets | $7.60B | $5.86B | $4.20B | $3.90B | $3.22B | $2.61B | $2.49B | $1.52B | $1.36B | $1.08B |
| Liabilities | ||||||||||
| Accounts payable | $6.6M | $23.9M | $13.9M | $16.1M | $5.8M | $6.8M | $5.1M | $6.3M | $6.5M | $3.7M |
| Short-term debt | $28.4M | $20.4M | $19.2M | $15.0M | $1.8M | $1.8M | $1.8M | $1.8M | $888,000 | $1.1M |
| Deferred revenue | $28.3M | $30.0M | $22.8M | $19.8M | $16.3M | $13.6M | $11.1M | $9.0M | $7.0M | $5.2M |
| Total current liabilities | $5.37B | $3.91B | $2.53B | $2.38B | $1.99B | $1.72B | $1.75B | $1.03B | $1.14B | $898.9M |
| Long-term debt | $0 | $0 | $0 | $29.0M | $27.4M | $29.1M | $30.9M | $32.6M | $34.4M | $28.7M |
| Lease obligations | $90.3M | $83.4M | $75.9M | — | — | — | — | — | — | — |
| Other long-term liabilities | $498.8M | $377.2M | $359.9M | $313.9M | $303.6M | $205.1M | $175.9M | $125.9M | $45.2M | $34.5M |
| Total liabilities | $5.87B | $4.28B | $2.89B | $2.72B | $2.32B | $1.95B | $1.96B | $1.19B | $1.22B | $962.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $600,000 | $600,000 | $600,000 | $625,000 | $623,000 | $618,000 | $613,000 | $607,000 | $601,000 | $96.0M |
| Retained earnings (deficit) | $2.26B | $1.89B | $1.47B | $1.20B | $915.6M | $719.6M | $576.2M | $395.6M | $258.5M | $70.4M |
| Treasury stock | — | — | — | −$587.9M | −$488.1M | −$422.5M | −$307.7M | −$265.1M | −$139.7M | −$50.0M |
| Accumulated other comprehensive income | $300,000 | −$600,000 | −$1.0M | −$3.7M | $0 | $0 | $0 | −$83.0M | −$53.5M | −$35.8M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.73B | $1.58B | $1.30B | $1.18B | $893.7M | $655.6M | $526.6M | $334.8M | $281.2M | $116.5M |
| Key figures | ||||||||||
| Total debt | $152.2M | $83.4M | $75.9M | $44.0M | $29.2M | $30.9M | $32.6M | $34.4M | $35.3M | $29.8M |
| Net cash (debt) | $217.8M | $318.6M | $218.1M | $356.7M | $248.8M | $120.8M | $101.0M | $11.3M | $10.8M | $30.3M |
| Working capital | $470.4M | $398.0M | $278.8M | $387.1M | $261.6M | $146.6M | $117.6M | $35.9M | $36.1M | $26.7M |
| Tangible book value | $1.64B | $1.48B | $1.20B | $1.08B | $783.8M | $603.4M | $474.2M | $282.1M | $228.4M | $62.8M |
| Book value per share | $30.86 | $27.99 | $22.48 | $20.33 | $15.36 | $11.25 | $9.02 | $5.71 | $4.78 | $1.98 |
| Shares outstanding | 56.1M | 56.3M | 58.0M | 58.2M | 58.2M | 58.3M | 58.4M | 58.6M | 58.8M | 59.0M |
| Current ratio | 1.09 | 1.10 | 1.11 | 1.16 | 1.13 | 1.09 | 1.07 | 1.03 | 1.03 | 1.03 |
| Quick ratio | 0.09 | 0.12 | 0.13 | 0.18 | 0.15 | 0.10 | 0.08 | 0.05 | 0.05 | 0.07 |
| Debt / equity | 0.09 | 0.05 | 0.06 | 0.04 | 0.03 | 0.05 | 0.06 | 0.10 | 0.13 | 0.26 |
| Equity / assets | 22.8% | 26.9% | 31.0% | 30.3% | 27.8% | 25.1% | 21.2% | 22.0% | 20.8% | 10.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $198.0M | $153.9M | $370.0M | $375.0M | $532.2M | $520.8M | $402.0M | $325.8M | $346.5M | $371.3M | $294.0M | $484.0M |
| Cash & equivalents | $198.0M | $153.9M | $370.0M | $375.0M | $532.2M | $520.8M | $402.0M | $325.8M | $346.5M | $371.3M | $294.0M | $484.0M |
| Receivables | $56.9M | $71.9M | $123.1M | $127.7M | $46.2M | $31.3M | $51.1M | $30.9M | $20.0M | $20.0M | $34.8M | $26.3M |
| Inventory | $1.7M | $1.5M | $1.7M | $1.8M | $1.6M | $1.4M | $1.4M | $1.3M | $1.4M | $1.8M | $1.4M | $836,000 |
| Other current assets | $3.23B | $2.68B | $5.34B | $1.88B | $1.82B | $2.44B | $3.85B | $1.62B | $2.48B | $2.90B | $2.48B | $2.05B |
| Total current assets | $3.48B | $2.91B | $5.84B | $2.39B | $2.40B | $2.99B | $4.30B | $1.98B | $2.85B | $3.30B | $2.81B | $2.56B |
| Property, plant & equipment (net) | $724.1M | $755.2M | $776.7M | $739.5M | $678.9M | $645.0M | $642.0M | $631.6M | $531.9M | $520.2M | $572.0M | $468.3M |
| Goodwill & intangible assets | $82.5M | $85.9M | $89.3M | $92.8M | $96.2M | $97.1M | $98.1M | $99.1M | $100.0M | $101.0M | $102.0M | $103.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $912.9M | $1.07B | $893.9M | $1.03B | $853.4M | $841.1M | $815.0M | $784.0M | $834.5M | $815.7M | $710.1M | $721.9M |
| Total assets | $5.20B | $4.82B | $7.60B | $4.25B | $4.03B | $4.57B | $5.86B | $3.49B | $4.31B | $4.73B | $4.20B | $3.86B |
| Liabilities | ||||||||||||
| Accounts payable | $7.6M | $9.4M | $6.6M | $20.4M | $19.7M | $9.1M | $23.9M | $35.0M | $15.0M | $21.0M | $13.9M | $6.9M |
| Short-term debt | $28.8M | $28.6M | $28.4M | $23.4M | $21.9M | $21.0M | $20.4M | $20.1M | $10.3M | $17.3M | $19.2M | $138.6M |
| Deferred revenue | $30.8M | $32.3M | $28.3M | $29.9M | $30.3M | $30.2M | $30.0M | $28.9M | $31.4M | $27.6M | $22.8M | $22.7M |
| Total current liabilities | $3.24B | $2.84B | $5.37B | $2.08B | $1.85B | $2.48B | $3.91B | $1.66B | $2.53B | $2.94B | $2.53B | $2.07B |
| Long-term debt | $900.0M | $675.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.0M |
| Lease obligations | $82.8M | $88.6M | $90.3M | $84.5M | $81.2M | $81.5M | $83.4M | $80.8M | — | — | $75.9M | — |
| Other long-term liabilities | $487.9M | $495.5M | $498.8M | $457.3M | $380.1M | $373.2M | $377.2M | $368.2M | $359.3M | $352.9M | $359.9M | $335.9M |
| Total liabilities | $4.63B | $4.01B | $5.87B | $2.54B | $2.23B | $2.86B | $4.28B | $2.03B | $2.89B | $3.30B | $2.89B | $2.43B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $600,000 | $629,000 | $629,000 | $627,000 | $600,000 | $627,000 |
| Retained earnings (deficit) | $2.48B | $2.39B | $2.26B | $2.16B | $2.07B | $2.01B | $1.89B | $1.80B | $1.74B | $1.70B | $1.47B | $1.41B |
| Accumulated other comprehensive income | −$500,000 | −$600,000 | $300,000 | $400,000 | $200,000 | −$100,000 | −$600,000 | −$180,000 | −$305,000 | −$495,000 | −$1.0M | −$2.2M |
| Total shareholders' equity | $571.5M | $811.7M | $1.73B | $1.71B | $1.80B | $1.72B | $1.58B | $1.46B | $1.43B | $1.44B | $1.30B | $1.42B |
| Key figures | ||||||||||||
| Total debt | $982.8M | $763.6M | $152.2M | $145.6M | $81.2M | $81.5M | $83.4M | $80.8M | $10.3M | $17.3M | $75.9M | $29.0M |
| Net cash (debt) | −$784.8M | −$609.7M | $217.8M | $229.4M | $451.0M | $439.3M | $318.6M | $245.0M | $336.2M | $354.0M | $218.1M | $455.0M |
| Working capital | $239.8M | $70.4M | $470.4M | $308.9M | $553.5M | $507.2M | $398.0M | $318.2M | $319.4M | $354.0M | $278.8M | $493.1M |
| Tangible book value | $489.0M | $725.8M | $1.64B | $1.62B | $1.71B | $1.62B | $1.48B | $1.37B | $1.33B | $1.34B | $1.20B | $1.32B |
| Book value per share | $12.45 | $15.85 | $31.42 | $30.31 | $32.01 | $30.50 | $28.04 | $26.17 | $25.13 | $25.43 | $22.77 | $24.52 |
| Shares outstanding | 45.9M | 51.2M | 55.1M | 56.4M | 56.3M | 56.3M | 56.2M | 56.0M | 56.8M | 56.6M | 57.2M | 58.0M |
| Current ratio | 1.07 | 1.02 | 1.09 | 1.15 | 1.30 | 1.20 | 1.10 | 1.19 | 1.13 | 1.12 | 1.11 | 1.24 |
| Quick ratio | 0.08 | 0.08 | 0.09 | 0.24 | 0.31 | 0.22 | 0.12 | 0.21 | 0.15 | 0.13 | 0.13 | 0.25 |
| Debt / equity | 1.72 | 0.94 | 0.09 | 0.09 | 0.05 | 0.05 | 0.05 | 0.06 | 0.01 | 0.01 | 0.06 | 0.02 |
| Equity / assets | 11.0% | 16.8% | 22.8% | 40.3% | 44.7% | 37.6% | 26.9% | 41.9% | 33.1% | 30.4% | 31.0% | 36.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.
PAYC financial position
At the end of fiscal 2025 (December 31, 2025), Paycom Software had total assets of $7.6 billion (up 29.7% from a year earlier), total liabilities of $5.9 billion and shareholders' equity of $1.7 billion. It held $370.0 million in cash and short-term investments against $152.2 million of debt, a net cash position of $217.8 million. Its current ratio was 1.09. In the latest quarter (ended June 30, 2026) total assets were $5.2 billion and equity $571.5 million.
Related: PAYC income statement, PAYC cash flow statement, PAYC key metrics. See the PAYC stock overview for the latest quote and news.
PAYC balance sheet FAQ
What are Paycom Software's total assets?
Paycom Software reported total assets of $7.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.9 billion a year earlier.
How much debt does Paycom Software have?
Paycom Software had $152.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.09.
How much cash does Paycom Software have?
Paycom Software held $370.0 million in cash and short-term investments at the end of fiscal 2025; with $152.2 million of debt that is net cash of $217.8 million.
What is Paycom Software's book value?
Paycom Software's shareholders' equity (book value) was $1.7 billion at the end of fiscal 2025, or $30.86 per share.
What is Paycom Software's current ratio?
Paycom Software had current assets of $5.8 billion and current liabilities of $5.4 billion, a current ratio of 1.09 (it can cover its short-term obligations).
How much goodwill does Paycom Software have?
Paycom Software carried $89.3 million of goodwill and intangible assets, 1.2% of total assets, at the end of fiscal 2025.