Paychex Inc financials

Key figures from Paychex Inc's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricAug 2026Aug 2025Change
Revenue$1.6B$1.5B+5.9%
Net income$430M$384M+12.0%
Free cash flow$357M$663M-46.1%
Gross margin72.8%72.3%+0.5 pts
Operating margin39.2%36.3%+2.9 pts
Net margin27.2%25.7%+1.5 pts

Quarterly trend

Revenue by quarter
$1.2BNov 2023$1.4BFeb 2024$1.3BMay 2024*$1.3BAug 2024$1.3BNov 2024$1.5BFeb 2025$1.4BMay 2025*$1.5BAug 2025$1.5BNov 2025$1.8BFeb 2026$1.6BMay 2026*$1.6BAug 2026
Net income by quarter
Nov 2023Feb 2024May 2024*$427MAug 2024$413MNov 2024$519MFeb 2025$297MMay 2025*$384MAug 2025$395MNov 2025$560MFeb 2026$421MMay 2026*$430MAug 2026
Free cash flow by quarter
$271MNov 2023$631MFeb 2024$180MMay 2024*$511MAug 2024$248MNov 2024$667MFeb 2025$283MMay 2025*$663MAug 2025$383MNov 2025$762MFeb 2026$515MMay 2026*$357MAug 2026
Margins by quarter
13%48%83%Nov 2023Feb 2024May 2024*Aug 2024Nov 2024Feb 2025May 2025*Aug 2025Nov 2025Feb 2026May 2026*Aug 202670.3%72.8%70.1%70.3%70.4%73.6%71.5%72.3%72.6%75.4%73.1%72.8%41.3%46.6%38.3%42.7%42.0%47.2%31.2%36.3%38.0%45.2%38.9%39.2%33.4%32.3%35.4%21.5%25.7%26.3%32.0%27.1%27.2%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY May 2026$6.3B$1.8B27.9%$2.3B$4.89
FY May 2025$5.4B$1.7B30.6%$1.7B$4.58
FY May 2024$5.1B$1,6900.0%$1.7B$4.67
FY May 2023$4.9B$1.6B31.7%$1.6B$4.30
FY May 2022$4.6B$1.4B30.6%$1.5B$3.84

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.