Paycom
Oklahoma City, Oklahoma, United States
Valuation
$2.5B
2024 Revenue
$1.9B
Customers
37.5K
Funding
$0
Avg ACV
$50.2K
Team
7.3K
Profits
$1
Churn
10%
How Paycom CEO Chad Richison grew to $1.9B revenue and 37.5K customers in 2024.
Paycom Software, Inc., known simply as Paycom, is an American online payroll and human resource technology provider based in Oklahoma City, Oklahoma.
Last updated
Paycom Revenue
In 2024, Paycom's revenue reached $1.9B. The company previously reported $841.4M in 2020. Since its launch in 1998, Paycom has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Paycom Hit $1.9b revenue in December 2024Source | |
| 2020 | Paycom Hit $841.4m revenue in August 2020 | |
| 1998 | Launched with $0 revenue |
Paycom Valuation, Funding Rounds
Paycom's most recent disclosed valuation is $2.5B.
Paycom is a bootstrapped HRMS & HCM Software startup. Founded in 1998, Paycom has grown to $1.9B in revenue without raising any venture capital or outside funding.
As a self-funded HRMS & HCM Software SaaS company, Paycom has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Paycom serves 37.5K customers.
Paycom Employees & Team Size
Paycom employs approximately 7.3K people as of 2026, up from 3.7K in 2020, including 613 sales reps that carry a quota. It serves 37.5K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 7.3K employees (December 2024) |
| 2020 | Reached 3.7K employees (December 2020) |
| 2020 | Reached 1K employees (August 2020) |
| 2020 | Reached 3.5K employees (June 2020) |
| 2019 | Reached 3.2K employees (December 2019) |
| 2018 | Reached 2.7K employees (December 2018) |
Frequently Asked Questions about Paycom
What is Paycom's revenue?
Paycom generates $1.9B in revenue.
Who founded Paycom?
Paycom was founded by Chad Richison.
Who is the CEO of Paycom?
The CEO of Paycom is Chad Richison.
How much funding does Paycom have?
Paycom raised $0.
How many employees does Paycom have?
Paycom has 7.3K employees.
Where is Paycom headquarters?
Paycom is headquartered in Oklahoma City, Oklahoma, United States.
Compare Paycom to the industry
Paycom operates across multiple industries. Browse revenue, funding, and growth data for Paycom in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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