Paycom (PAYC) forecasts 2026 revenue below expectations, shares fall over 7%

Paycom Software (PAYC) on February 11, 2026, forecast 2026 revenue between $2.18B and $2.20B, below Wall Street estimates of $2.23B. The announcement sent shares down over 7% in extended trading as businesses delay or reduce HR and payroll software spending amid tighter budgets. Analysts note macroeconomic headwinds, including potential hiring freezes or job cuts among small- and medium-sized businesses, Paycom’s core client base. Intensifying competition from ADP, Paylocity, and Workday is also a factor. The Oklahoma City-based provider of cloud-based human capital management solutions reported Q4 revenue of $544.3M, exceeding estimates of $543M.