Paychex

PAYX Industrials Market cap $42.2B as of Sep 14, 2026 16:00 ET S&P 500

Q4 FY26 Mar 1 – May 31, 2026 reported Jul 17, 2026

Revenue$1.61B +13% year over year

Gross profit$1.19B 74% margin

Operating profit$0.61B 38% margin

Net profit$0.42B 26% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q4 FY26 (period ends May 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.61	100%	+13%
Cost of revenue	−0.42	26%
Gross profit	1.19	74% margin	+2pp
SG&A	−0.58	36%	−6pp
Operating profit	0.61	38% margin	+7pp
Interest & other costs	−0.05
Tax	−0.13
Net profit	0.42	26% margin	+5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Feb 28, 2026).
Item	Value	Share of revenue	Year over year
Revenue	1.81	100%	+20%
Cost of revenue	−0.43	24%
Gross profit	1.38	76% margin	+2pp
SG&A	−0.59	32%	+4pp
Operating profit	0.79	44% margin	−2pp
Interest & other costs	−0.05
Tax	−0.18
Net profit	0.56	31% margin	−3pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Nov 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.56	100%	+18%
Cost of revenue	−0.41	26%
Gross profit	1.15	74% margin	+2pp
SG&A	−0.57	37%	+6pp
Operating profit	0.57	37% margin	−4pp
Interest & other costs	−0.05
Tax	−0.13
Net profit	0.40	25% margin	−6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Aug 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.54	100%	+17%
Cost of revenue	−0.41	27%
Gross profit	1.13	73% margin	+2pp
SG&A	−0.58	38%	+8pp
Operating profit	0.54	35% margin	−6pp
Interest & other costs	−0.04
Tax	−0.11
Net profit	0.38	25% margin	−7pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends May 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.43	100%	+10%
Other segment items	0.66	46%
PEO direct insurance costs	0.52	37%
Acquisition-related costs	0.16	11%
Other	0.05	3%
Cost optimization	0.04	3%
Cost of revenue	−0.39	28%
Gross profit	1.03	72% margin	+1pp
SG&A	−0.60	42%	+8pp
Operating profit	0.43	30% margin	−7pp
Interest & other costs	−0.04
Tax	−0.09
Net profit	0.30	21% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q4 FY26 Mar 1 – May 31, 2026 reported Jul 17, 2026 Operating margin 38% Net profit $0.42B	Mar 1 – May 31, 2026	Jul 17, 2026	$1.61B	+13%	38%	$0.42B	26%
Q3 FY26 Dec 1, 2025 – Feb 28, 2026 reported Mar 26, 2026 Operating margin 44% Net profit $0.56B	Dec 1, 2025 – Feb 28, 2026	Mar 26, 2026	$1.81B	+20%	44%	$0.56B	31%
Q2 FY26 Sep 1 – Nov 30, 2025 reported Dec 22, 2025 Operating margin 37% Net profit $0.40B	Sep 1 – Nov 30, 2025	Dec 22, 2025	$1.56B	+18%	37%	$0.40B	25%
Q1 FY26 Jun 1 – Aug 31, 2025 reported Sep 30, 2025 Operating margin 35% Net profit $0.38B	Jun 1 – Aug 31, 2025	Sep 30, 2025	$1.54B	+17%	35%	$0.38B	25%
Q4 FY25 Mar 1 – May 31, 2025 reported Jul 11, 2025 Operating margin 30% Net profit $0.30B	Mar 1 – May 31, 2025	Jul 11, 2025	$1.43B	+10%	30%	$0.30B	21%