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Paycom Software vs Elastic N.V.: PAYC and ESTC compared
Paycom Software is the larger company: $544M of revenue in its latest quarter (Q3 2026) against $478M for Elastic N.V. (Q1 FY27). Elastic N.V. is growing faster (+15% against +10% a year earlier). Paycom Software is more profitable, with an operating margin of 36.0% against -4.9%.
Where the money goes: PAYC and ESTC
Paycom Software (PAYC) · Q3 2026
Paycom Software, Q3 2026: revenue $544M (+10% year over year), operating margin 36.0%, net earnings $133M, operating cash flow $186M. The chart follows the revenue to costs, profit and cash.
Elastic N.V. (ESTC) · Q1 FY27
Elastic N.V., Q1 FY27: revenue $478M (+15% year over year), operating margin -4.9%, net loss $16.7M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
| Paycom Software (PAYC) | Elastic N.V. (ESTC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $544M | $478M |
| Revenue growth, Y/Y | +10% | +15% |
| Operating margin | 36.0% | -4.9% |
| Net earnings | $133M | −$16.7M |
| Net margin | 24.5% | -3.5% |
| Operating cash flow | $186M | $132M |
| Free cash flow | $164M | $131M |
| Market value | $10.6B | $9.0B |
| P/E | 20.7× | 24.0× |
| Analysts’ mean target | $271.00 | $111.74 |
Where the revenue comes from
Paycom Software
- Recurring and Other: $519M (95%)
- Interest on Funds Held for Clients: $24.5M (5%)
Elastic N.V.
- Total subscription: $449M (94%)
- Services: $29.4M (6%)
Questions
Which is bigger, Paycom Software or Elastic N.V.?
Paycom Software is the larger company: $544M of revenue in its latest quarter (Q3 2026) against $478M for Elastic N.V. (Q1 FY27).
Is Paycom Software or Elastic N.V. growing faster?
Elastic N.V. is growing faster (+15% against +10% a year earlier).
Which is more profitable, Paycom Software or Elastic N.V.?
Paycom Software is more profitable, with an operating margin of 36.0% against -4.9%.
More: Paycom Software earnings · how Paycom Software makes money · Elastic N.V. earnings · how Elastic N.V. makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 28, 2026). Fiscal quarters can end on different dates. Not investment advice.