How did PAYC's revenue and expenses trend in Q4 2024?

Paycom Software (PAYC) demonstrated robust performance in Q4 2024, with significant revenue and strong financial management despite notable operating and administrative expenses.

1. **Revenue Trend**: Paycom's revenue for Q4 2024 was $1.76 billion, with a segment basis revenue of $1.73 billion and $1.37 billion from recurring and other business segments, respectively. Additionally, there was a notable $500 million from recurring and other business segments, and $124.9 million from interest-related business segments. The company's implementation and other business segments contributed $30.5 million, while interest-related segments contributed $24.4 million.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|PAYC|PAYC.N|Paycom Software|20240101-2024|Interest|1.249E8|169|
|PAYC|PAYC.N|Paycom Software|20240101-2024|Implementation and Other|2.2029E7|169|
|PAYC|PAYC.N|Paycom Software|20240101-2024|Implementation and Other|1.5097E7|169|
|PAYC|PAYC.N|Paycom Software|20240101-2024|Implementation and Other|7985000|169|
|PAYC|PAYC.N|Paycom Software|20240101-2024|Recurring|4.91896E8|169|
|PAYC|PAYC.N|Paycom Software|20240101-2024|Implementation and Other|7985000|169|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|PAYC|PAYC.N|Paycom Software|2024 Q1|107.2156652360515|2.472E8|169|
|PAYC|PAYC.N|Paycom Software|2024 Q2|5.353710707421415|6.797E7|169|
|PAYC|PAYC.N|Paycom Software|2024 Q3|-2.580465042077135|7.3278E7|169|
|PAYC|PAYC.N|Paycom Software|2024 Q4|38.87530562347188|1.136E8|169|

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Selling, General, and Administrative Expenses YoY|Operating Expenses YoY|Operating Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|PAYC|PAYC.N|Paycom Software|20240331|8.49E7|-53.68349845066119|||169|
|PAYC|PAYC.N|Paycom Software|20240630|1.96117E8|-0.6131953559320316|||169|
|PAYC|PAYC.N|Paycom Software|20240930|1.9566E8|3.7450224552882605|||169|
|PAYC|PAYC.N|Paycom Software|20241231|1.95E8|-1.4653865588681152|||169|

2. **Expense Management**: Paycom's net income for Q4 2024 was $113.6 million. The company's operating expenses were not explicitly disclosed, but the selling, general, and administrative (SG&A) expenses were $195 million. This indicates that Paycom managed its expenses effectively to maintain a healthy profit margin despite the high SG&A costs.
3. **Financial Health**: The fact that Paycom's net income remained at $113.6 million despite the high SG&A expenses suggests that the company has strong financial management practices in place. The company's ability to generate significant revenue and manage expenses effectively is a positive sign for its financial health and future growth prospects.