Paychex, Inc. (PAYX)
NASDAQ: PAYX · Real-Time Price · USD
116.51
-0.21 (-0.18%)
At close: Sep 17, 2026, 4:00 PM EDT
117.00
+0.49 (0.42%)
After-hours: Sep 17, 2026, 7:55 PM EDT
Paychex Income Statement
Financials in millions USD. Fiscal year is June - May.
Millions USD. Fiscal year is Jun - May.
Fiscal Quarter | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 | Aug '21 Aug 31, 2021 |
Operating Revenue | 1,553 | 1,752 | 1,503 | 1,492 | 1,382 | 1,466 | 1,281 | 1,281 | 1,257 | 1,395 | 1,226 | 1,253 | 1,205 | 1,346 | 1,169 | 1,188 | 1,130 | 1,262 | 1,094 | 1,068 |
Other Revenue | 52.2 | 56.8 | 54.3 | 47.6 | 45.2 | 42.9 | 36.1 | 37.5 | 38.2 | 43.9 | 31.5 | 32.7 | 24.9 | 35.3 | 21.7 | 17.9 | 14.7 | 14.4 | 14.1 | 14.5 |
| 1,606 | 1,809 | 1,558 | 1,540 | 1,427 | 1,509 | 1,317 | 1,319 | 1,295 | 1,439 | 1,258 | 1,286 | 1,230 | 1,381 | 1,190 | 1,206 | 1,144 | 1,276 | 1,109 | 1,083 | |
Revenue Growth (YoY) | 12.48% | 19.87% | 18.28% | 16.80% | 10.21% | 4.84% | 4.69% | 2.53% | 5.33% | 4.22% | 5.68% | 6.62% | 7.45% | 8.23% | 7.38% | 11.39% | 11.18% | 14.78% | 12.69% | 16.17% |
Cost of Revenue | 417.3 | 431.2 | 412.2 | 413.8 | 393.9 | 387.4 | 379.1 | 380 | 375.2 | 379.8 | 364.1 | 360.2 | 369.8 | 372.9 | 359.3 | 351 | 360 | 352.2 | 331.6 | 312.5 |
Gross Profit | 1,188 | 1,378 | 1,145 | 1,126 | 1,033 | 1,122 | 937.8 | 938.5 | 919.9 | 1,060 | 893.8 | 925.8 | 859.8 | 1,008 | 831 | 855.2 | 784.3 | 923.8 | 776.9 | 770.4 |
Selling, General & Admin | 572.9 | 575 | 496.4 | 560.6 | 497.4 | 413.1 | 399.7 | 391.8 | 438.1 | 409.7 | 387.6 | 389.5 | 406.5 | 396.2 | 358.7 | 359.6 | 390.3 | 361 | 336.6 | 327.5 |
Operating Expenses | 572.9 | 575 | 496.4 | 560.6 | 497.4 | 413.1 | 399.7 | 391.8 | 438.1 | 409.7 | 387.6 | 389.5 | 406.5 | 396.2 | 358.7 | 359.6 | 390.3 | 361 | 336.6 | 327.5 |
Operating Income | 615.3 | 802.7 | 649 | 565.6 | 536 | 708.5 | 538.1 | 546.7 | 481.8 | 649.8 | 506.2 | 536.3 | 453.3 | 611.9 | 472.3 | 495.6 | 394 | 562.8 | 440.3 | 442.9 |
Interest Expense | -64.7 | -68.1 | -68.5 | -68.2 | -63.7 | -22.6 | -9.5 | -9.6 | -9.5 | -9.9 | -8.5 | -9.4 | -9.4 | -9 | -9.2 | -9.1 | -9.1 | -9 | -9.3 | -9.2 |
Interest & Investment Income | 13 | 15.2 | 16.5 | 18.7 | 20.5 | 16.6 | 15.8 | 19.9 | 21.6 | 19.3 | 20.3 | 21.5 | 18.8 | 14.8 | 10.1 | 5.4 | 1.8 | 0.5 | 0.4 | 0.2 |
Other Non Operating Income (Expenses) | 1.2 | -0.1 | 0.3 | 5.1 | 1.4 | - | -0.7 | 0.1 | -2.1 | - | -0.1 | 0.7 | 10.8 | -0.3 | 2 | - | 2 | - | 6.2 | 9.9 |
EBT Excluding Unusual Items | 564.8 | 749.7 | 597.3 | 521.2 | 494.2 | 702.5 | 543.7 | 557.1 | 491.8 | 659.2 | 517.9 | 549.1 | 473.5 | 617.4 | 475.2 | 491.9 | 388.7 | 554.3 | 437.6 | 443.8 |
Merger & Restructuring Charges | -10.6 | -10.7 | -77.1 | -23.7 | -104.9 | -16.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | - | -9.9 | - | - | 0.1 | 0.1 | - | - | 0.1 |
Pretax Income | 554.2 | 739 | 520.2 | 497.5 | 389.3 | 685.8 | 543.7 | 557.1 | 491.8 | 659.2 | 517.9 | 549.1 | 463.6 | 617.4 | 475.2 | 492 | 388.8 | 554.3 | 437.6 | 443.9 |
Income Tax Expense | 133.6 | 178.7 | 124.8 | 113.7 | 92.1 | 166.5 | 130.3 | 129.7 | 111.9 | 160.6 | 125.2 | 129.9 | 113.2 | 150 | 114.9 | 112.8 | 92.4 | 123.6 | 105.5 | 110.3 |
Net Income | 420.6 | 560.3 | 395.4 | 383.8 | 297.2 | 519.3 | 413.4 | 427.4 | 379.9 | 498.6 | 392.7 | 419.2 | 350.4 | 467.4 | 360.3 | 379.2 | 296.4 | 430.7 | 332.1 | 333.6 |
Net Income to Common | 420.6 | 560.3 | 395.4 | 383.8 | 297.2 | 519.3 | 413.4 | 427.4 | 379.9 | 498.6 | 392.7 | 419.2 | 350.4 | 467.4 | 360.3 | 379.2 | 296.4 | 430.7 | 332.1 | 333.6 |
Net Income Growth (YoY) | 41.52% | 7.90% | -4.35% | -10.20% | -21.77% | 4.15% | 5.27% | 1.96% | 8.42% | 6.68% | 8.99% | 10.55% | 18.22% | 8.52% | 8.49% | 13.67% | 12.70% | 22.88% | 21.92% | 57.66% |
Shares Outstanding (Basic) | 358 | 359 | 359 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 361 | 361 | 361 | 361 | 361 | 360 | 361 | 361 | 361 | 360 |
Shares Outstanding (Diluted) | 358 | 360 | 360 | 362 | 362 | 362 | 362 | 362 | 362 | 362 | 362 | 363 | 362 | 362 | 362 | 362 | 363 | 363 | 363 | 363 |
Shares Change (YoY) | -1.13% | -0.69% | -0.36% | - | 0.14% | 0.08% | -0.11% | -0.25% | -0.14% | -0.17% | -0.06% | 0.11% | -0.27% | -0.30% | -0.22% | -0.11% | 0.17% | 0.17% | 0.30% | 0.41% |
EPS (Basic) | 1.18 | 1.56 | 1.10 | 1.07 | 0.82 | 1.44 | 1.15 | 1.19 | 1.06 | 1.39 | 1.09 | 1.16 | 0.97 | 1.30 | 1.00 | 1.05 | 0.82 | 1.19 | 0.92 | 0.93 |
EPS (Diluted) | 1.18 | 1.56 | 1.10 | 1.06 | 0.82 | 1.43 | 1.14 | 1.18 | 1.05 | 1.38 | 1.08 | 1.16 | 0.97 | 1.29 | 0.99 | 1.05 | 0.82 | 1.19 | 0.91 | 0.92 |
EPS Growth (YoY) | 43.37% | 9.09% | -3.51% | -10.17% | -21.86% | 3.62% | 5.56% | 1.72% | 8.23% | 6.98% | 9.09% | 10.48% | 18.36% | 8.40% | 8.79% | 14.13% | 13.91% | 22.68% | 21.33% | 56.13% |
Additional Metrics
Fiscal Quarter | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 | Aug '21 Aug 31, 2021 |
Free Cash Flow | 515 | 761.5 | 382.8 | 662.5 | 283.3 | 667.3 | 248 | 510.5 | 180.4 | 631 | 270.6 | 654.3 | 371.4 | 538 | 320.1 | 333.7 | 302.7 | 578.2 | 135.6 | 355.2 |
Free Cash Flow Per Share | 1.44 | 2.12 | 1.06 | 1.83 | 0.78 | 1.84 | 0.69 | 1.41 | 0.50 | 1.75 | 0.75 | 1.80 | 1.02 | 1.49 | 0.88 | 0.92 | 0.83 | 1.59 | 0.37 | 0.98 |
Dividend Per Share | 1.190 | 1.080 | 1.080 | 1.080 | 1.080 | 0.980 | 0.980 | 0.980 | 0.980 | 0.890 | 0.890 | 0.890 | 0.890 | 0.790 | 0.790 | 0.790 | 0.790 | 0.660 | 0.660 | 0.660 |
Dividend Growth (YoY) | 10.18% | 10.20% | 10.20% | 10.20% | 10.20% | 10.11% | 10.11% | 10.11% | 10.11% | 12.66% | 12.66% | 12.66% | 12.66% | 19.70% | 19.70% | 19.70% | 19.70% | 6.45% | 6.45% | 6.45% |
Gross Margin | 74.01% | 76.16% | 73.54% | 73.13% | 72.40% | 74.33% | 71.21% | 71.18% | 71.03% | 73.61% | 71.06% | 71.99% | 69.92% | 73.00% | 69.81% | 70.90% | 68.54% | 72.40% | 70.09% | 71.14% |
Operating Margin | 38.32% | 44.38% | 41.67% | 36.73% | 37.55% | 46.95% | 40.86% | 41.46% | 37.20% | 45.15% | 40.24% | 41.70% | 36.87% | 44.31% | 39.68% | 41.09% | 34.43% | 44.11% | 39.72% | 40.90% |
Profit Margin | 26.20% | 30.98% | 25.39% | 24.92% | 20.82% | 34.41% | 31.39% | 32.42% | 29.33% | 34.64% | 31.22% | 32.60% | 28.50% | 33.84% | 30.27% | 31.44% | 25.90% | 33.75% | 29.96% | 30.81% |
Free Cash Flow Margin | 32.08% | 42.10% | 24.58% | 43.02% | 19.85% | 44.22% | 18.83% | 38.72% | 13.93% | 43.84% | 21.51% | 50.88% | 30.20% | 38.96% | 26.89% | 27.66% | 26.45% | 45.31% | 12.23% | 32.80% |
EBITDA | 728.5 | 913.7 | 758.1 | 674.9 | 621.7 | 751.6 | 579.8 | 585.7 | 527.4 | 694.6 | 551.1 | 577.5 | 497.4 | 656.1 | 516.6 | 539.6 | 443.1 | 611.2 | 488.9 | 488.6 |
EBITDA Margin | 45.38% | 50.51% | 48.67% | 43.82% | 43.56% | 49.81% | 44.03% | 44.42% | 40.72% | 48.26% | 43.81% | 44.91% | 40.45% | 47.51% | 43.40% | 44.74% | 38.72% | 47.90% | 44.10% | 45.12% |
D&A For EBITDA | 113.2 | 111 | 109.1 | 109.3 | 85.7 | 43.1 | 41.7 | 39 | 45.6 | 44.8 | 44.9 | 41.2 | 44.1 | 44.2 | 44.3 | 44 | 49.1 | 48.4 | 48.6 | 45.7 |
EBIT | 615.3 | 802.7 | 649 | 565.6 | 536 | 708.5 | 538.1 | 546.7 | 481.8 | 649.8 | 506.2 | 536.3 | 453.3 | 611.9 | 472.3 | 495.6 | 394 | 562.8 | 440.3 | 442.9 |
EBIT Margin | 38.32% | 44.38% | 41.67% | 36.73% | 37.55% | 46.95% | 40.86% | 41.46% | 37.20% | 45.15% | 40.24% | 41.70% | 36.87% | 44.31% | 39.68% | 41.09% | 34.43% | 44.11% | 39.72% | 40.90% |
Effective Tax Rate | 24.11% | 24.18% | 23.99% | 22.85% | 23.66% | 24.28% | 23.96% | 23.28% | 22.75% | 24.36% | 24.18% | 23.66% | 24.42% | 24.30% | 24.18% | 22.93% | 23.77% | 22.30% | 24.11% | 24.85% |
Revenue as Reported | 1,606 | 1,809 | 1,558 | 1,540 | 1,427 | 1,509 | 1,317 | 1,319 | 1,295 | 1,439 | 1,258 | 1,286 | 1,230 | 1,381 | 1,190 | 1,206 | 1,144 | 1,276 | 1,109 | 1,083 |