Paychex (PAYX) financials
Paychex revenue and earnings by year
Paychex's revenue was $6.51 billion in the fiscal year to May 31, 2026, up 16.9% from the year before. Net income was $1.76 billion, 27.0% of revenue. Since the fiscal year to May 31, 2017, revenue has grown 8.4% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | May 2026 | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.51 | 5.57 | 5.28 | 5.01 | 4.61 | 4.06 | 4.04 | 3.77 | 3.38 | 3.15 |
| Revenue growth | 16.9% | 5.6% | 5.4% | 8.6% | 13.7% | 0.4% | 7.1% | 11.7% | 7.1% | — |
| Gross profit | 4.84 | 4.03 | 3.80 | 3.55 | 3.26 | 2.79 | 2.76 | 2.59 | 2.36 | 2.23 |
| Gross margin | 74.3% | 72.4% | 72.0% | 71.0% | 70.6% | 68.7% | 68.3% | 68.8% | 69.9% | 70.8% |
| Operating income | 2.51 | 2.21 | 2.17 | 2.03 | 1.84 | 1.46 | 1.46 | 1.37 | 1.29 | 1.25 |
| Operating margin | 38.6% | 39.6% | 41.2% | 40.6% | 39.9% | 36.0% | 36.1% | 36.3% | 38.2% | 39.8% |
| Net income | 1.76 | 1.66 | 1.69 | 1.56 | 1.39 | 1.10 | 1.10 | 1.03 | 0.99 | 0.83 |
| Net margin | 27.0% | 29.7% | 32.0% | 31.1% | 30.2% | 27.1% | 27.2% | 27.4% | 29.4% | 26.2% |
| Diluted EPS | $4.89 | $4.58 | $4.67 | $4.30 | $3.84 | $3.03 | $3.04 | $2.86 | $2.74 | $2.26 |
| Free cash flow | 2.32 | 1.71 | 1.74 | 1.58 | 1.46 | 1.15 | 1.31 | 1.15 | 1.12 | 0.87 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PAYX in Markets.
How Paychex makes money
Revenue by segment in the quarter to August 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Management Solutions | $1.21B | 76.7% |
| Peo & Insurance Solutions | $368M | 23.3% |
See also: PAYX valuation and P/E history · PAYX returns
No forecast, no recommendation. This page describes Paychex from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.