Paycom Software, Inc. Q3 2026 Earnings Recap

Paycom fell 6.8% despite raising its full-year revenue and profitability outlook. The transcript does not identify a specific disappointment; the results cited show 10% revenue growth, but the limited financial detail and lack of a stated reason for the selloff make it difficult to pinpoint what investors found lacking.

Key Takeaways

• Q3 revenue was $544 million, up 10% year over year; recurring and other revenue was $519 million, up 11%.
• Management said it was raising its full-year outlook for revenue and profitability, citing year-to-date performance, but the provided transcript does not include the updated guidance figures.
• IWant usage was approximately 65% higher than at the end of 2025; Paycom said the AI tool is enabled across its client base and responds to millions of queries.
• Management highlighted asset management as a recently launched product and described client interest as strong, but provided no adoption or revenue figures.
• The supplied transcript ends before the full financial review, leaving margins, profitability figures, and the specific guidance changes unavailable.