Paycom Software, Inc.

What does Paycom own?

Paycom owns the Paycom HCM platform and its proprietary products including Beti employee-driven payroll and the IWant AI query engine. It does not own separate consumer or business brands; everything operates under the Paycom name.

Is Paycom publicly traded?

Yes. Paycom trades on the NYSE under the ticker PAYC and is a member of the S&P 500. It went public in 2014.

Who founded Paycom?

Chad Richison founded Paycom in Oklahoma City in 1998 after working in payroll sales at ADP. He remains CEO and a significant individual shareholder.

Where is Paycom headquartered?

Paycom is headquartered in Oklahoma City, Oklahoma, where it maintains a large corporate campus housing its operations, product development and data centers.

Who owns Paycom?

Paycom is a widely held public company. Institutional investors hold most shares, and founder Chad Richison is a major individual shareholder who continues to lead the company as CEO.

How many clients does Paycom have?

Paycom served approximately 39,200 clients as of December 31, 2025, ranging from small businesses to large enterprises, with particular strength in the mid-market.

What is Beti?

Beti is Paycom's employee-driven payroll feature that lets workers review and approve their own paychecks before submission, automating corrections and reducing the payroll processing work employer HR teams traditionally perform.

Chad Richison founded Paycom in Oklahoma City in 1998 after working in payroll sales at ADP, where he concluded that the industry needed software built for the emerging internet rather than batch processing. He started the company in a small office with a single salesperson, selling payroll processing to Oklahoma businesses.

The company grew steadily through the 2000s, expanding across the United States while keeping its product development and data centers in Oklahoma City. Unlike competitors assembled through acquisition, Paycom built its platform organically on a single database, an architectural decision that became its core marketing differentiator.

Paycom went public on the NYSE in 2014 in one of the most successful tech IPOs of that year, raising over $100 million. Revenue growth accelerated through the 2010s as the company pushed into the mid-market, and it joined the S&P 500 in 2020. In 2021 it launched Beti, its employee-driven payroll tool, marking a product strategy centered on automation that reduces employer-side payroll work.

The company has continued expanding within the Oklahoma City headquarters campus and investing in AI features, rolling out IWant, an AI command engine for employee data queries, as part of its 2024 and 2025 product roadmap. Fiscal 2024 revenue reached approximately $1.88 billion with roughly 39,200 clients by year-end 2025.

Paycom's most public controversy involved internal conduct rather than product issues. In 2017 the company fired a top executive over a personal relationship with a subordinate, an incident covered in the press around workplace conduct governance.

The company has faced the routine patent litigation common to enterprise software, including disputes with competitors over payroll technology. It has not faced major regulatory penalties, data breaches or sustained public controversies that would materially affect its brand. Criticism of the company centers more on its marketing-heavy sales approach and pricing relative to SMB-focused alternatives than on ethical or legal failures.