Paycom Software, Inc. (PAYC) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Revenues	401.1	316.9	353.5	285.0	256.2	242.1	272.2	220.9
Revenue growth	26.6%	30.9%	29.9%	29.0%	30.4%	33.3%	12.3%	14.2%
Cost of goods sold [+]	54.6	39.6	38.5	46.5	42.7	28.8	29.1	33.0
Direct costs				37.9	34.8			26.1
Depreciation and amortization				8.7	7.9			6.9
Gross profit	346.5	277.3	315.0	238.5	213.5	213.4	243.1	187.9
Gross margin	86.4%	87.5%	89.1%	83.7%	83.3%	88.1%	89.3%	85.1%
Selling, general and administrative [+]	259.3	205.0	188.8	295.0	299.9	166.3	148.6	270.9
Sales and marketing				75.5	69.7			62.5
General and administrative				269.0	60.0			265.1
Other selling, general and administrative				-49.6	170.2			-56.7
Research and development				34.4	31.1			25.1
Other operating expenses	-7.1	-1.1	-1.5	-169.8	-170.2	-0.4	-1.0	-151.7
EBITDA [+]	109.3	75.5	149.4	87.6	60.6	63.6	110.5	50.5
EBITDA growth	44.7%	18.9%	35.2%	73.3%	26.8%	60.3%	8.9%	-29.7%
EBITDA margin	27.2%	23.8%	42.3%	30.7%	23.7%	26.2%	40.6%	22.9%
Depreciation	13.9	1.1	20.7	18.0	16.2	15.7	14.8	14.3
EBITA	95.3	74.4	128.8	69.6	44.4	47.8	95.7	36.2
EBITA margin	23.8%	23.5%	36.4%	24.4%	17.3%	19.8%	35.1%	16.4%
Amortization of intangibles	1.0	1.0	1.0	1.0	1.1	0.3	0.1
EBIT [+]	94.3	73.4	127.8	68.6	43.3	47.5	95.6	36.2
EBIT growth	28.5%	54.5%	33.7%	89.3%	27.2%	78.9%	7.1%	-39.9%
EBIT margin	23.5%	23.2%	36.1%	24.1%	16.9%	19.6%	35.1%	16.4%
Interest expense	1.5	0.6	0.3	0.3	0.4	0.3	0.4
Interest expense	1.5	0.6	0.3	0.3	0.4	0.3	0.4
Other income (expense), net [+]				1.7	0.6			0.4
Other				1.4	0.2			0.4
Pre-tax income	92.8	72.8	127.5	70.0	43.5	47.2	95.2	36.6
Income taxes	28.3	15.5	35.5	21.3	13.2	-5.0	30.6	12.2
Tax rate	30.5%	21.3%	27.9%	30.4%	30.2%		32.1%	33.4%
Net income	64.5	57.4	91.9	48.7	30.4	52.3	64.6	24.4
Net margin	16.1%	18.1%	26.0%	17.1%	11.9%	21.6%	23.7%	11.0%

Basic EPS [+]	$1.11	$0.99	$1.58	$0.84	$0.52	$0.90	$1.12	$0.42
Growth	12.6%	9.5%	41.6%	98.9%	9.9%	82.0%	2.4%	-46.4%
Diluted EPS [+]	$1.11	$0.99	$1.58	$0.84	$0.52	$0.90	$1.11	$0.42
Growth	12.6%	9.8%	42.7%	100.1%	10.5%	83.3%	2.6%	-46.2%


Shares outstanding (basic) [+]	57.9	58.0	58.0	57.9	57.9	57.9	57.7	57.6
Growth	-0.1%	0.2%	0.5%	0.5%	0.6%	0.5%	0.1%	0.1%
Shares outstanding (diluted) [+]	58.0	58.1	58.2	58.2	58.2	58.1	58.4	58.3
Growth	-0.1%	0.0%	-0.3%	-0.2%	0.0%	-0.2%	-0.1%	-0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.