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Integrated HRM, Payroll, and Benefits Platforms
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Paycor is a Software-as-a-Service (SaaS) and human capital management firm offering small and medium-sized enterprises (SMEs) with talent management, payroll, and HR solutions. It's HR solutions include time and attendance management, scheduling, and employee experience surveys. The talent management offering includes recruiting and onboarding software, while payroll and benefits features include tax processing and documentation, payments and benefits administration. In July 2021, Paycor raised USD 425.5 million in an initial public offering on the Nasdaq.

The company operates a subscription-based business model with paid plans starting at USD 99 per month per user. As of April 2021, the company serves more than 40,000 SMEs.

In FY2021, Paycor reported a GAAP loss per share of USD 0.66, coming in below analyst consensus expectations for a loss per share of USD 0.59. FY2021 revenue rose 7.6% year-over-year (YoY) to USD 352.8 million edging out analyst estimates for revenue of USD 350.7 million. The annual revenue was driven by a 43% YoY increase in total bookings which amounted to USD 115.1 million. Adjusted operating income rose marginally (+3.7%) YoY to USD 47.9 million, while adjusted net income amounted to USD 33.5 million (-4.4% YoY). 

In Q1 FY2022, Paycor upgraded its full-year revenue guidance to between USD 402-406 million (implying a projected YoY revenue growth of 26.6%-27.8% in FY2022) from the USD 396-400 million guidance provided in the previous quarter.

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Key stats
Featured companies
Total funding (USD)
11 Bn
Total addressable market (USD)
14 Bn
Key competitors

Company Brief

HQ location:4811 Montgomery Road Cincinnati OH USA
Founded year:1990
Total Funding:USD 270.0 million
Last Funding:USD 270.0 million, Jan 2021



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