Paychex Income Statement

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

Millions USD. Fiscal year is Jun - May.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Revenue	6,512	5,572	5,278	5,007	4,612
Revenue Growth (YoY)	16.88%	5.56%	5.42%	8.57%	13.68%
Cost of Revenue	1,675	1,540	1,479	1,453	1,356
Gross Profit	4,838	4,031	3,799	3,554	3,255
Selling, General & Admin	2,327	1,824	1,625	1,521	1,415
Total Operating Expenses	2,327	1,824	1,625	1,521	1,415
Operating Income	2,511	2,208	2,174	2,033	1,840
Interest Expense	-269.5	-105.4	-37.3	-36.7	-
Other Non-Operating Income (Expense)	69.9	73.6	81.2	51.8	-15.4
Total Non-Operating Income (Expense)	-199.6	-31.8	43.9	15.1	-15.4
Pretax Income	2,311	2,176	2,218	2,048	1,825
Provision for Income Taxes	550.8	518.6	527.6	490.9	431.8
Net Income	1,760	1,657	1,690	1,557	1,393
Net Income to Common	1,760	1,657	1,690	1,557	1,393
Net Income Growth	6.20%	-1.96%	8.55%	11.81%	26.91%
Shares Outstanding (Basic)	359	360	360	360	361
Shares Outstanding (Diluted)	360	362	362	362	363
Shares Change (YoY)	-0.55%	-0.03%	-0.06%	-0.22%	0.28%
EPS (Basic)	4.90	4.60	4.69	4.32	3.86
EPS (Diluted)	4.89	4.58	4.67	4.30	3.84
EPS Growth	6.77%	-1.93%	8.61%	11.98%	26.73%
Free Cash Flow	2,322	1,709	1,736	1,563	1,456
Free Cash Flow Growth	35.85%	-1.57%	11.07%	7.37%	27.50%
Free Cash Flow Per Share	6.45	4.72	4.80	4.31	4.01
Dividends Per Share	4.430	4.020	3.650	3.260	2.770
Dividend Growth	10.20%	10.14%	11.96%	17.69%	9.92%
Gross Margin	74.29%	72.35%	71.97%	70.98%	70.59%
Operating Margin	38.55%	39.62%	41.19%	40.60%	39.90%
Profit Margin	27.03%	29.74%	32.03%	31.10%	30.20%
FCF Margin	35.65%	30.67%	32.90%	31.22%	31.57%
EBITDA	3,195	2,677	2,575	2,447	2,263
EBITDA Margin	49.06%	48.05%	48.79%	48.87%	49.07%
EBIT	2,511	2,208	2,174	2,033	1,840
EBIT Margin	38.55%	39.62%	41.19%	40.60%	39.90%
Effective Tax Rate	23.83%	23.83%	23.79%	23.97%	23.67%

SEC Filings: 10-K · 10-Q