TORVANTA
Other · S&P 500 · data as of 2026-10-05

PAYC stock analysis: PAYC

PAYC (PAYC) is an S&P 500 company in Other. It grades strongest on profitability and momentum.

The model's view of PAYC · subscribers

Where PAYC ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with PAYC · updated 2026-10-05 · from prices and SEC filings

PAYC price performance

PAYC against the S&P 500, one year
-40%-20%+0%+20%S&P 500 +18%PAYC +4%2025-09-292026-10-05
Year to date+42.7%S&P 500 +14.5% · ahead by 28.2 pts
1 year+12.9%S&P 500 +17.0% · behind by 4.1 pts
3 years-11.9%S&P 500 +89.3% · behind by 101.1 pts
5 years-53.4%S&P 500 +91.3% · behind by 144.7 pts

Total returns with dividends reinvested.

PAYC factor grades

Each grade compares PAYC with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 24.0x (industry 20.1x)FCF yield 5.7% (industry 6.0%)
BGrowthRevenue growth +9% (industry +8%)EPS growth +27% (industry +10%)
AProfitabilityOperating margin 30.3% (industry 9.6%)ROIC 36.3% (industry 10.1%)
A-Momentum12-month change +13%From 52-wk high -6%

PAYC in plain numbers

PAYC key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$10.2B
Revenue growth (y/y)+9%
Free-cash-flow yield5.7%
Dividend yield0.7%
Next earnings (expected)2026-11-04
Valuation measures
Market value$10.2B
Enterprise value$10.9B
P/E (trailing)24.0x
Forward P/E (Torvanta estimate)21.7x
PEG (Torvanta estimate)1.98
Price / sales4.8x
Price / book17.8x
EV / revenue5.1x
EV / EBITDA13.6x
Financial highlights
Revenue, last 12 months$2.1B
Net income, last 12 months$487.6M
EPS, last 12 months (GAAP)$9.40
Gross margin83.7%
Operating margin30.3%
Net margin22.8%
Return on equity41.1%
Return on invested capital36.3%
Cash$198.0M
Total debt$900.0M
Debt / equity1.57x
Free cash flow, last 12 months$575.1M
Interest cover39.8x
Current ratio1.07x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

PAYC earnings trends

Revenue vs earnings
$0$143.0M$285.9M$428.9M$571.9MSep 2024 Revenue: $451.9MDec 2024 Revenue: $493.9MMar 2025 Revenue: $530.5MJun 2025 Revenue: $483.6MSep 2025 Revenue: $493.3MDec 2025 Revenue: $544.3MMar 2026 Revenue: $571.9MJun 2026 Revenue: $531.2MSep 2024 Net income: $73.3MDec 2024 Net income: $113.6MMar 2025 Net income: $139.4MJun 2025 Net income: $89.5MSep 2025 Net income: $110.7MDec 2025 Net income: $113.8MMar 2026 Net income: $155.7MJun 2026 Net income: $107.4MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 16.2%Net margin: 23.0%Net margin: 26.3%Net margin: 18.5%Net margin: 22.4%Net margin: 20.9%Net margin: 27.2%Net margin: 20.2%0%14%27%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.8$1.5$2.3$3.0Sep 2024 EPS (GAAP, diluted): $1.3Dec 2024 EPS (GAAP, diluted): $2.0Mar 2025 EPS (GAAP, diluted): $2.5Jun 2025 EPS (GAAP, diluted): $1.6Sep 2025 EPS (GAAP, diluted): $2.0Dec 2025 EPS (GAAP, diluted): $2.1Mar 2026 EPS (GAAP, diluted): $3.0Jun 2026 EPS (GAAP, diluted): $2.3Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +50% · Dec 2025 +1% · Mar 2026 +23% · Jun 2026 +48%

From the company's 10-Q and 10-K filings with the SEC.

PAYC financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$1.1B$1.4B$1.7B$1.9B$2.1B
Net income$196.0M$281.4M$340.8M$502.0M$453.4M
EPS (GAAP)$3.37$4.85$5.89$8.91$8.08
Free cash flow$198.7M$232.4M$292.4M$341.0M$408.0M

PAYC earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$2.34+48%+10%+23.6%
2026-05-06$3.04+23%+8%+4.0%
2026-02-11$2.06+1%+10%-2.6%
2025-11-05$1.96+50%+9%-9.1%
2025-08-06$1.58+32%+11%+3.9%
2025-05-07$2.48-43%+6%+8.3%

About PAYC

HeadquartersOklahoma City, OK
Industry (SEC code)Services-Prepackaged Software
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE

From the company's SEC registration record.

Companies similar to PAYC

CompanyMarket valueP/ERevenue growthOperating margin12-month change
PAYC PAYC$10.2B24.0x+9%30.3%+13%
BIO BIO$10.2B47.5x+1%2.1%+24%compare
PBF PBF$10.2B7.4x+14%5.8%+183%compare
ENSG ENSG$10.1B27.1x+19%8.5%-1%compare
GMED GMED$10.3B19.6x+20%20.3%+27%
QRVO QRVO$10.0B31.5x-1%11.2%+22%
DCI DCI$10.3B24.0x+4%15.1%+9%

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Frequently asked questions

Is PAYC stock a buy?

Torvanta does not tell individuals what to buy. Its grades for PAYC are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is PAYC's P/E ratio?

PAYC trades at about 24.0 times its last 12 months of GAAP earnings reported to the SEC, and about 21.7 times Torvanta's own estimate of the next 12 months.

When does PAYC report earnings next?

Based on its filing history, Torvanta expects PAYC to report around 2026-11-04.

Does PAYC pay a dividend?

Yes. Its dividend yield is about 0.7%.

How has PAYC performed against the S&P 500?

Over the past year PAYC returned +12.9%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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