Payroll software firm Paycom repurchased 20% of shares, nearly doubling its stock since April 2026.

Paycom Software aggressively bought back about 20% of its shares in the first half of 2026, spending $1.4 billion mostly when its stock was near a 52-week low. This leveraged buyback, partly funded by credit, reduced shares outstanding from 56.1 million to 45.1 million, boosting earnings per share and investor confidence. The company also reported strong Q2 revenue growth and raised its full-year guidance, driving the stock price up nearly 99% from April to August. The key challenge ahead is managing debt repayment and realizing cost savings from internal AI developments to sustain growth.