Paychex Quarterly Income Statement
NASDAQ: PAYXIndustrialsDiversified Commercial ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Paychex revenue and earnings
In the quarter ended Aug 31, 2026, Paychex generated $1.63 billion in revenue, up 5.9% from the same quarter a year earlier. Net income was $429.7 million (+12.0% year over year), for a net margin of 26.4% versus a median of 25.4% in the prior 5 quarters. Gross margin was 73.6% (up from 73.1%) and operating margin 38.0%.
Diluted earnings per share came in at $1.21, up from $1.06.
Summary generated from market data by MetaCap's automated system. Methodology
Paychex income statement (quarterly)
| Quarter (USD) | Q1 20272026-08-31 | Q4 20262026-05-31 | Q3 20262026-02-28 | Q2 20262025-11-30 | Q1 20262025-08-31 | Q4 20252025-05-31 | Q3 20252025-02-28 | Q2 20252024-11-30 | Q1 20252024-08-31 | Q4 20242024-05-31 | Q3 20242024-02-29 | Q2 20242023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.63B | 1.61B | 1.81B | 1.56B | 1.54B | 1.43B | 1.51B | 1.32B | 1.32B | 1.30B | 1.44B | 1.26B |
| Revenue growth (YoY) | +5.88% | +12.49% | +19.87% | +18.28% | +16.80% | +10.21% | +4.84% | +4.69% | +2.53% | +5.33% | +4.22% | +5.68% |
| Cost of Revenue | 430.10M | 417.30M | 431.20M | 412.20M | 413.80M | 393.90M | 387.40M | 379.10M | 380.00M | 375.20M | 379.80M | 364.10M |
| Gross Profit | 1.20B | 1.19B | 1.38B | 1.15B | 1.13B | 1.03B | 1.12B | 937.80M | 938.50M | 919.90M | 1.06B | 893.80M |
| Operating Expenses | 581.20M | 583.50M | 585.70M | 573.50M | 584.30M | 602.30M | 429.80M | 399.70M | 391.80M | 438.10M | 409.70M | 387.60M |
| Selling, General & Admin | 581.20M | 583.50M | 585.70M | 573.50M | 584.30M | 602.30M | 429.80M | 399.70M | 391.80M | 438.10M | 409.70M | 387.60M |
| Operating Income | 619.20M | 604.70M | 792.00M | 571.90M | 541.90M | 431.10M | 691.80M | 538.10M | 546.70M | 481.80M | 649.80M | 506.20M |
| Interest Expense | 65.10M | 64.70M | 68.10M | 68.50M | 68.20M | 63.70M | 22.60M | 9.50M | 9.60M | 9.50M | 9.90M | 8.50M |
| Other Income (Expense) | 10.90M | 14.20M | 15.10M | 16.80M | 23.80M | 21.90M | 16.60M | 15.10M | 20.00M | -2.10M | 0 | -100.00K |
| Pretax Income | 565.00M | 554.20M | 739.00M | 520.20M | 497.50M | 389.30M | 685.80M | 543.70M | 557.10M | 491.80M | 659.20M | 517.90M |
| Income Tax | 135.30M | 133.60M | 178.70M | 124.80M | 113.70M | 92.10M | 166.50M | 130.30M | 129.70M | 111.90M | 160.60M | 125.20M |
| Net Income | 429.70M | 420.60M | 560.30M | 395.40M | 383.80M | 297.20M | 519.30M | 413.40M | 427.40M | 379.90M | 498.60M | 392.70M |
| Net Income growth (YoY) | +11.96% | +41.52% | +7.90% | -4.35% | -10.20% | -21.77% | +4.15% | +5.27% | +1.96% | +8.42% | +6.68% | +8.99% |
| EPS (Basic) | 1.21 | 1.17 | 1.56 | 1.10 | 1.07 | 0.82 | 1.44 | 1.15 | 1.19 | 1.05 | 1.39 | 1.09 |
| EPS (Diluted) | 1.21 | 1.17 | 1.56 | 1.10 | 1.06 | 0.83 | 1.43 | 1.14 | 1.18 | 1.05 | 1.38 | 1.08 |
| Shares Outstanding (Basic) | 355.80M | — | 358.70M | 359.40M | 360.10M | — | 360.10M | 360.00M | 360.10M | — | 359.90M | 360.50M |
| Shares Outstanding (Diluted) | 356.60M | — | 359.50M | 360.40M | 361.90M | — | 362.00M | 361.70M | 361.90M | — | 361.70M | 362.10M |
| EBITDA | 729.00M | 717.90M | 903.00M | 681.00M | 651.20M | 516.80M | 734.90M | 579.80M | 585.70M | 527.40M | 694.60M | 551.10M |
| Gross Margin | 73.62% | 74.01% | 76.16% | 73.54% | 73.13% | 72.40% | 74.33% | 71.21% | 71.18% | 71.03% | 73.61% | 71.05% |
| Operating Margin | 37.98% | 37.66% | 43.78% | 36.72% | 35.19% | 30.20% | 45.84% | 40.86% | 41.46% | 37.20% | 45.15% | 40.24% |
| Net Margin | 26.35% | 26.20% | 30.97% | 25.39% | 24.92% | 20.82% | 34.41% | 31.39% | 32.42% | 29.33% | 34.64% | 31.22% |
This table shows 12 quarterly periods of Paychex's income statement, from Q1 2027 back to Q2 2024, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PAYX's reporting calendar. What is a income statement?