Company / R&D Expense
Paycom R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$283.4M
FY2025
5-year range
$118.4M / $283.4M
FY2021-FY2025
Trend
+16.8%
vs FY2024
Sector context
#32 of 174
Industrials
What the data says
Paycom's r&d expense of $283M is higher than 82% of companies in the Industrials sector (FY2025). R&D Expense has increased for 7 consecutive years, from $21M in FY2018 to $283M in FY2025.
Based on SEC 10-K filings.
$283M in FY2025 with a 5-year CAGR of +43.7%. Top quartile in the Industrials sector.
Improved from $199M to $283M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +24.1%
- 5-Year CAGR
- +43.7%
- 10-Year CAGR
- -
Sector benchmark
Top 18% in IndustrialsTop 18% of 174This company $283.4M Sector average $273.7M
▼
+3.5% above sector average
Key checks
Key Insights
- Paycom's r&d expense has grown for 7 consecutive years.
- 5-year CAGR of +43.7%, indicating consistent growth.
- In FY2025, r&d expense increased 16.8% year-over-year.
- Ranks #32 out of 174 companies in the Industrials sector.
Company context
Key Data Points
- Altman Z-Score 0.92 (distress zone, below 1.8 threshold)
- Strong profit margin: 22.6%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 26.5%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $283.4M | +16.8% |
| FY2024 | $242.6M | +21.9% |
| FY2023 | $199.0M | +34.2% |
| FY2022 | $148.3M | +25.2% |
| FY2021 | $118.4M | +156.1% |
| FY2020 | $46.2M | +52.0% |
| FY2019 | $30.4M | +45.1% |
| FY2018 | $21.0M | -31.1% |
| FY2017 | $30.4M | +603.6% |
| FY2016 | $4.3M | -49.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026