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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.Paycom has shifted capital into growth: Sales & Marketing and R&D account for the bulk of expense inflation while G&A stayed relatively stable and rising D&A implies more capitalized investments. Q1 2026 shows a modest pullback from 2025 expense peaks, consistent with management’s conservative guide and flagged sales‑force ramp timing risk. Management credits automation for margin improvement, but heavy buybacks and higher leverage mean these elevated acquisition and product investments must translate into sustained recurring revenue to justify tighter liquidity and execution risk.
Date | Sales and Marketing | Research and Development | General and Administrative | Depreciation and Amortization |
|---|---|---|---|---|
Jun 30, 2026 | $118.80M | $51.90M | $77.30M | $25.60M |
Mar 31, 2026 | $117.60M | $60.70M | $69.40M | $26.70M |
Dec 31, 2025 | $130.20M | $72.20M | $71.10M | $25.80M |
Sep 30, 2025 | $125.70M | $74.10M | $71.90M | $23.60M |
Jun 30, 2025 | $116.00M | $74.80M | $70.20M | $22.80M |
Mar 31, 2025 | $110.90M | $62.30M | $66.00M | $21.60M |
Dec 31, 2024 | $107.50M | $66.70M | $66.00M | $21.50M |
Sep 30, 2024 | $104.48M | $63.05M | $70.64M | $20.54M |
Jun 30, 2024 | $106.86M | $62.37M | $70.07M | $19.18M |
Mar 31, 2024 | $115.52M | $50.51M | -$48.10M | $17.51M |