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Paycom Software (MEX:PAYC) Tax Rate % : 32.35% (As of Sep. 2024)


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What is Paycom Software Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Paycom Software's Tax Expense for the three months ended in Sep. 2024 was MXN690 Mil. Paycom Software's Pre-Tax Income for the three months ended in Sep. 2024 was MXN2,133 Mil. Therefore, Paycom Software's Tax Rate % for the quarter that ended in Sep. 2024 was 32.35%.

Paycom Software Tax Rate % Historical Data

The historical data trend for Paycom Software's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Paycom Software Tax Rate % Chart

Paycom Software Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.13 22.85 23.44 27.77 27.86

Paycom Software Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.29 26.95 14.78 31.44 32.35

Paycom Software Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Paycom Software's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=2233.998/8018.618
=27.86 %

Paycom Software's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=689.869/2132.735
=32.35 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Paycom Software Tax Rate % Related Terms

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Paycom Software Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Paycom Software Inc (MEX:PAYC) » Definitions » Tax Rate %
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Traded in Other Exchanges
PAYC:USA 0KGH:UK P1YC34:Brazil
Address
7501 W. Memorial Road, Oklahoma, OK, USA, 73142
Website
https://www.paycom.com
Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.