Paychex, Inc. (PAYX)

Nasdaq: PAYX · Services-Engineering, Accounting, Research, Management · Rochester, NY · filing with the SEC since 1995

Grade7.1

◀ Past 7.5● Present 6.9▶ Future 6.6

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in May.

Income statement, by fiscal year, newest first
Fiscal year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018	May 31, 2017
Report filed	Jul 17, 2026	Jul 11, 2025	Jul 11, 2024	Jul 14, 2023	Jul 15, 2022	Jul 16, 2021	Jul 17, 2020	Jul 24, 2019	Jul 20, 2018	Jul 21, 2017
Revenue	6,512.0	5,571.7	5,278.3	5,007.1	4,611.7	4,056.8	4,040.5	3,772.5	3,377.7^r	3,153.0^r
For lenders
Interest and dividend income	210.9	161.7	146.3	99.8	57.7	59.3	86.9	80.6	63.5	50.6
Interest and investment income	63.4	72.8	82.7	49.1	2.9	2.3	12.3	13.3	11.9	9.9
Cost of revenue	1,674.5	1,540.4	1,479.3	1,453.0	1,356.3	1,271.2	1,280.8	1,177.8	1,018.2	·
Selling, general and administrative	2,327.0	1,823.6	1,624.9	1,521.0	1,415.4	1,324.9	1,299.2	1,223.4	1,068.0^r	979.7^r
Total operating expenses	·	·	·	·	·	·	·	2,401.2	2,086.2^r	1,899.1^r
Total costs and expenses	4,001.5	3,364.0	3,104.2	2,974.0	2,771.7	2,596.1	2,580.0	2,401.2	2,086.2	919.4^r
Operating income	2,510.5	2,207.7	2,174.1	2,033.1	1,840.0	1,460.7	1,460.5	1,371.3	1,291.5^r	1,253.9^r
Interest expense	269.5	105.4	37.3	36.7	36.6	35.8	38.8	17.6	3.9	2.5
Interest income (expense), net	·	·	43.9	15.1	-15.4	-26.5	-23.4	-3.3	8.6	5.2
Share of profit of equity-method investments	·	·	·	·	·	·	·	1.0	0.6	-2.2
Other income (expense), net	6.5	0.8	-1.5	2.7	18.3	7.0	3.1	1.0	0.6	·
Total non-operating income (expense)	69.9	73.6	81.2	51.8	·	·	·	·	·	·
Income before income taxes	2,310.9	2,175.9	2,218.0	2,048.2	1,824.6	1,434.2	1,437.1	1,368.0	1,300.1^r	1,259.1^r
Income tax expense	550.8	518.6	527.6	490.9	431.8	336.7	339.0	333.6	306.0^r	432.8^r
Net income including non-controlling interests	1,760.1	1,657.3	1,690.4	1,557.3	1,392.8	·	·	·	·	·
Net income	1,760.1	1,657.3	1,690.4	·	·	·	·	·	·	·
Net income to common shareholders	1,760.1	1,657.3	1,690.4	1,557.3	1,392.8	1,097.5	1,098.1	1,034.4	994.1^r	826.3^r
Earnings per share, basic	4.90	4.60	4.69	4.32	3.86	3.05	3.06	2.88	2.77^r	2.30^r
Earnings per share, diluted	4.89	4.58	4.67	4.30	3.84	3.03	3.04	2.86	2.75^r	2.28^r
Weighted average shares, basic	358.9	360.2	360.3	360.4	360.6	359.9	358.5	359.2	359.0	359.8
Weighted average shares, diluted	360.0	362.0	362.1	362.3	363.1	362.1	361.0	361.8	361.5	362.6

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating

Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNonoperating

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Total costs and expenses every operating cost, the cost of revenue included

us-gaap:CostsAndExpenses
us-gaap:OperatingCostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton PAYX · research, not advice