FINHUB Insights

PAYX · Q4 FY25 · Mar 1 – May 31, 2025

Paychex Q4 FY25: where the revenue came from and where it went

Paychex Q4 FY25: revenue $1.4B (+10% year over year). Net profit $0.30B. Largest cohort Other segment items $0.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Mar 1 – May 31, 2025
Reported
Jul 11, 2025 10-K
Sankey diagram of Paychex's income statement for Q4 FY25: revenue of $1.43 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.43B +10% year over year
Gross profit$1.03B 72% margin
Operating profit$0.43B 30% margin
Net profit$0.30B 21% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends May 31, 2025).
ItemValueShare of revenueYear over year
Revenue 1.43 100% +10%
Other segment items 0.66 46%
PEO direct insurance costs 0.52 36%
Acquisition-related costs 0.16 11%
Other 0.05 3%
Cost optimization 0.04 3%
Cost of revenue−0.3928%
Gross profit1.0372% margin+1pp
SG&A−0.6042%+8pp
Operating profit0.4330% margin−7pp
Tax−0.09
Interest & other costs−0.04
Net profit0.3021%+0pp
Filing on EDGAR More quarters of PAYX

Source of the numbers: tables in the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.