Paycor HCM Inc stock (US7043861066): Cash merger completes at $22.50 per share

Paycor HCM, Inc. (PYCR) has undergone a cash merger, with shares delisted and shareholders receiving $22.50 per share in cash, as reported by Robinhood's corporate actions tracker.

Paycor HCM, Inc., a provider of human capital management software, completed a cash merger that resulted in its shares being removed from trading. Shareholders are set to receive $22.50 per share in cash, according to Robinhood as of May 2026. This corporate action marks the end of PYCR's public trading status on major exchanges.

As of: 14.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Paycor HCM, Inc.
• Sector/industry: Software - HR & Payroll
• Headquarters/country: United States
• Core markets: US mid-market businesses
• Key revenue drivers: HCM platform subscriptions
• Home exchange/listing venue: Nasdaq (PYCR, now delisted)
• Trading currency: USD

Paycor HCM Inc: core business model

Paycor HCM Inc developed a cloud-based human capital management (HCM) platform tailored for mid-sized companies in the United States. The software integrated payroll processing, benefits administration, talent management, and compliance tools into a single system. This all-in-one approach aimed to streamline HR operations for businesses with 10 to 5,000 employees, according to the company's official website as of May 2026.

The platform emphasized user-friendly interfaces and automation features, such as real-time analytics and employee self-service portals. Paycor positioned itself as a partner for workforce management, serving industries like manufacturing, healthcare, and professional services across the US. Prior to the merger, the company reported serving thousands of clients nationwide.

Main revenue and product drivers for Paycor HCM Inc

Paycor's primary revenue came from subscription fees for its HCM suite, with additional income from implementation services and premium add-ons. The core payroll module drove a significant portion of recurring revenue, complemented by time and attendance tracking and recruiting tools. In its last public filings before the merger, the company highlighted growth in its US customer base as a key driver.

Product innovation focused on AI-enhanced features for scheduling and performance reviews, targeting efficiency gains for US SMBs. The merger payout of $22.50 per share reflects the value placed on these assets by the acquiring entity, as noted in corporate action updates from Robinhood as of May 2026.

Industry trends and competitive position

The HCM software sector has seen consolidation, with larger players acquiring specialized providers to expand market share in the US. Paycor competed with firms like Workday and ADP, differentiating through its focus on mid-market needs and embedded compliance for US labor laws. The cash merger aligns with this trend of strategic buyouts in HR tech.

Why Paycor HCM Inc mattered for US investors

Paycor offered US investors exposure to the growing HCM software market, projected to expand with rising demand for digital HR solutions amid labor shortages. Its Nasdaq listing (PYCR) provided retail access to a pure-play HCM stock, with relevance tied to the US economy's service sector dominance. The merger concludes this chapter, delivering cash returns to shareholders.

Conclusion

Paycor HCM Inc's cash merger at $22.50 per share represents a significant corporate event, transitioning the company from public markets to private ownership. Investors holding PYCR shares will receive cash payouts, closing out positions amid ongoing consolidation in HR software. This development underscores the dynamic nature of US-listed tech firms in the HCM space.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.