Paycom Software, Inc. vs Workday, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsHR Tech
Data as of Q1 2026
Summary Verdict
PAYC: 3—WDAY: 2wins
Rule of 40
36.1PAYC
33.2WDAY
check_circlePAYC leads
Revenue Growth
10.4%PAYC
13.2%WDAY
check_circleWDAY leads
Gross Margin
83%PAYC
98%WDAY
check_circleWDAY leads
FCF Margin
25.7%PAYC
20.0%WDAY
check_circlePAYC leads
Operating Margin
29.8%PAYC
9.2%WDAY
check_circlePAYC leads
NRR
—PAYC
—WDAY
Metric
Rule of 40Efficiency score
PAYC
36.1check_circle
WDAY
33.2
Revenue GrowthYoY
PAYC
10.4%
WDAY
13.2%check_circle
Gross Margin% of revenue
PAYC
83%
WDAY
98%check_circle
FCF MarginFree cash flow
PAYC
25.7%check_circle
WDAY
20.0%
Operating MarginGAAP
PAYC
29.8%check_circle
WDAY
9.2%
NRRNet retention
PAYC
N/A
WDAY
N/A
EV / RevenueValuation multiple
PAYC
3.5xcheck_circle
WDAY
4.0x
Market CapUSD
PAYC
$7.6B
WDAY
$36.4Bcheck_circle
ARR GrowthYoY
PAYC
N/A
WDAY
N/A
CAC PaybackMonths to recover
PAYC
N/A
WDAY
N/A
insights
Analysis
As of Q1 2026, Paycom Software, Inc. trades at 3.5x EV/Revenue versus Workday, Inc. at 4.0x. On the Rule of 40, Paycom Software, Inc. scores 36.1 compared to Workday, Inc.'s 33.2, placing Paycom Software, Inc. ahead in operating efficiency. Gross margins stand at Paycom Software, Inc. 83% vs Workday, Inc. 98%.
Sector Context
Both companies operate in the HR Tech sector. The median columns above show where each company stands relative to their peers.