PAYXPaychex
The financials
Paychex by the numbers
Paychex (PAYX) reported revenue of $1.63B in fiscal Q1 2027 (quarter ended Aug 31, 2026), up 5.9% from the same quarter a year earlier. That came with a gross margin of 74% and net income of $430M (26% of revenue). For the full year FY2026, revenue was $6.51B (+17% year on year) and net income $1.76B. Its largest product in fiscal Q4 2026 (quarter ended May 31, 2026) was Management Solutions at $1.18B, 76% of the disclosed total, well ahead of Peo And Insurance Solutions at 24%. The next results filing is expected around Dec 18, 2026, the same week as a year ago.
| Income statement | Q1 2027 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | $1.63B | $1.54B | +5.9% |
| Gross profit | $1.20B | $1.13B | +6.6% |
| Operating income | $619M | $542M | +14% |
| Net income | $430M | $384M | +12% |
| Diluted EPS | $1.21 | $1.06 | +14% |
| Product | Revenue | Share |
|---|---|---|
| Management Solutions | $1.18B | 76% |
| Peo And Insurance Solutions | $370M | 24% |
Over its last three fiscal years Paychex booked income tax of 23.8% of its pretax profit, above the 21.3% median for US companies in our tax study.
Business segments
Revenue split by product segment, from SEC XBRL filings.
- Management Solutions$1.18B$1.18Bvs last quarter -13%vs a year ago +14%-13%+14%
- Peo And Insurance Solutions$369.7M$369.7Mvs last quarter -7.0%vs a year ago +8.6%-7.0%+8.6%
Software, Application
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