For the second quarter of 2026, analysts expect Paycom Software to report consensus revenue of $513.1 million and earnings per share of $1.87. The current stock price of $163.96 sits approximately 7% above the average analyst price target of $152.50, following a recent rebound in enterprise software sentiment.
Investors are specifically watching for the Q2 2026 recurring revenue performance to validate the successful transition to the 'Beti' automated payroll solution. While management notes that automation improves long-term retention, the market remains concerned about the short-term cannibalization of service fees and its impact on the company’s path back to double-digit revenue growth.