All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | MAY 2026 | MAY 2025 | MAY 2024 | MAY 2023 | MAY 2022 |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenue | $6,603 | $6,512 | $5,572 | $5,278 | $5,007 | $4,612 |
| Cost of Revenue | $1,691 | $1,675 | $1,540 | $1,479 | $1,453 | $1,356 |
| Gross Profit | $4,912 | $4,838 | $4,031 | $3,799 | $3,554 | $3,255 |
| General & Administrative | $2,324 | $2,327 | $1,824 | $1,625 | $1,521 | $1,415 |
| Provision for Doubtful Accounts | $39 | $38 | $24 | $20 | $18 | $11 |
| Total Operating Expenses | $4,015 | $4,002 | $3,364 | $3,104 | $2,974 | $2,772 |
| Operating Income | $2,588 | $2,511 | $2,208 | $2,174 | $2,033 | $1,840 |
| Non-Operating | ||||||
| Net Interest Expense | -$266 | -$270 | -$105 | -$37 | -$37 | -$37 |
| Other Non-Operating Income (Expense) | $57 | $70 | $74 | $81 | $52 | $21 |
| EBT (Earnings Before Tax) | $2,378 | $2,311 | $2,176 | $2,218 | $2,048 | $1,825 |
| Income Tax Expense | $572 | $551 | $519 | $528 | $491 | $432 |
| Net Income | ||||||
| Net Income | $1,806 | $1,760 | $1,657 | $1,690 | $1,557 | $1,393 |
| Per Share Data | ||||||
| Revenue Per Share | $18.52 | $18.09 | $15.39 | $14.58 | $13.82 | $12.70 |
| EPS (Basic) | $5.04 | $4.90 | $4.60 | $4.69 | $4.32 | $3.86 |
| EPS (Diluted) | $5.04 | $4.89 | $4.58 | $4.67 | $4.30 | $3.84 |
| Weighted Avg Shares (Basic) | 355.8M | 358.9M | 360.2M | 360.3M | 360.4M | 360.6M |
| Weighted Avg Shares (Diluted) | 356.6M | 360.0M | 362.0M | 362.1M | 362.3M | 363.1M |
| Shares Outstanding | 356.6M | 360.0M | 362.0M | 362.1M | 362.3M | 363.1M |
| Dividends Per Share | $4.54 | $4.43 | $4.02 | $3.65 | $3.26 | $2.77 |
Paychex (PAYX) financials: revenue, profit and margins
Paychex (PAYX) generated about $6.6 billion in revenue and $1.8 billion in net income (a 27.4% net margin) over the trailing twelve months, growing at roughly 9.9% a year. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
What is Paychex's (PAYX) revenue?+
Paychex generated about $6.6 billion in revenue over the trailing twelve months. Revenue has grown at roughly 9.9% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.
Is Paychex profitable?+
Yes, Paychex reported about $1.8 billion in net income over the trailing twelve months, a net profit margin of roughly 27.4%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are Paychex's profit margins?+
Paychex runs a gross margin of about 74.4%, an operating margin of about 39.2%, a net margin of about 27.4%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is Paychex growing?+
Paychex's revenue has compounded at roughly 9.9% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside PAYX's margins and free cash flow. This is analysis from SEC filings, not investment advice.
SourceFinancial statements computed from the 10-Q filed 31 Aug 2026, covering the period ending 31 Aug 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Fiscal year ends May.
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Held by ETFs
PAYX is in 335 US ETFs. The largest of them, with PAYX's weight in each:
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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