Paychex, Inc. (PAYX)

Paychex Income Statement

Financials in millions USD. Fiscal year is June - May.

Year Ending	TTM	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020
Revenue	5,278	5,278	5,007	4,612	4,057	4,041
Revenue Growth (YoY)	5.42%	5.42%	8.57%	13.68%	0.40%	7.10%
Cost of Revenue	1,479	1,479	1,453	1,356	1,271	1,281
Gross Profit	3,799	3,799	3,554	3,255	2,786	2,760
Selling, General & Admin	1,625	1,625	1,521	1,415	1,325	1,299
Operating Expenses	1,625	1,625	1,521	1,415	1,325	1,299
Operating Income	2,174	2,174	2,033	1,840	1,461	1,461
Other Expense / Income	-43.9	-43.9	-15.1	15.4	26.5	23.4
Pretax Income	2,218	2,218	2,048	1,825	1,434	1,437
Income Tax	527.6	527.6	490.9	431.8	336.7	339
Net Income	1,690	1,690	1,557	1,393	1,098	1,098
Net Income Growth	8.55%	8.55%	11.81%	26.91%	-0.05%	6.16%
Shares Outstanding (Basic)	360	360	360	361	360	359
Shares Outstanding (Diluted)	362	362	362	363	362	361
Shares Change	-0.06%	-0.06%	-0.22%	0.28%	0.30%	-0.22%
EPS (Basic)	4.69	4.69	4.32	3.86	3.05	3.06
EPS (Diluted)	4.67	4.67	4.30	3.84	3.03	3.04
EPS Growth	8.60%	8.60%	11.98%	26.73%	-0.33%	6.29%
Free Cash Flow	1,736	1,736	1,580	1,457	1,146	1,314
Free Cash Flow Per Share	4.82	4.82	4.38	4.04	3.18	3.67
Dividend Per Share	3.650	3.650	3.260	2.770	2.520	2.480
Dividend Growth	11.96%	11.96%	17.69%	9.92%	1.61%	7.83%
Gross Margin	71.97%	71.97%	70.98%	70.59%	68.66%	68.30%
Operating Margin	41.19%	41.19%	40.60%	39.90%	36.01%	36.15%
Profit Margin	32.03%	32.03%	31.10%	30.20%	27.05%	27.18%
Free Cash Flow Margin	32.90%	32.90%	31.55%	31.60%	28.24%	32.52%
Effective Tax Rate	23.79%	23.79%	23.97%	23.67%	23.48%	23.59%
EBITDA	2,395	2,395	2,225	2,016	1,626	1,647
EBITDA Margin	45.36%	45.36%	44.43%	43.72%	40.09%	40.76%
Depreciation & Amortization	176.5	176.5	176.6	191.8	192	209.7
EBIT	2,218	2,218	2,048	1,825	1,434	1,437
EBIT Margin	42.02%	42.02%	40.91%	39.56%	35.35%	35.57%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).