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PAYC Q2 Earnings Call Centers on Automation and Raised Outlook (Revised)

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PAYC Q2 Earnings Call Centers on Automation and Raised Outlook (Revised)

Paycom delivered a broad-based Q2 beat, with automation savings and product expansion supporting an upward 2026 revenue and EBITDA outlook. Free cash flow is expected to be above $650 million, reinforcing the improved profitability trajectory. Overall, the guidance upgrade and cash flow outlook are likely to be supportive for the stock.

Analysis

Paycom delivered a broad-based Q2 beat, with automation savings and product expansion supporting an upward 2026 revenue and EBITDA outlook. Free cash flow is expected to be above $650 million, reinforcing the improved profitability trajectory. Overall, the guidance upgrade and cash flow outlook are likely to be supportive for the stock.

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