PaychexPAYXEarnings & Financial Report
Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses. Founded in 1971 and headquartered in Rochester, New York, the company has more than 100 offices serving approximately 800,000 payroll clients in the U.S. and Europe. Paychex is ranked 681st on the Fortune 500 list of largest corporations by revenue.
PAYX Q2 FY2026 Key Financial Metrics
Revenue
$1.5B
Gross Profit
$1.1B
Operating Profit
$571.9M
Net Profit
$395.4M
Gross Margin
72.6%
Operating Margin
38.0%
Net Margin
26.3%
YoY Growth
17.4%
EPS
$1.10
Paychex Q2 FY2026 Financial Summary
Paychex reported revenue of $1.5B (up 17.4% YoY) for Q2 FY2026, with a net profit of $395.4M (down 4.4% YoY) (26.3% margin). Cost of goods sold was $412.2M, operating expenses totaled $519.2M.
Key Financial Metrics
| Total Revenue | $1.5B |
|---|---|
| Net Profit | $395.4M |
| Gross Margin | 72.6% |
| Operating Margin | 38.0% |
| Report Period | Q2 FY2026 |
Revenue Breakdown
Paychex Q2 FY2026 revenue of $1.5B breaks down across 2 segments, led by Management Solutions at $1.2B (77.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Management Solutions | $1.2B | 77.6% |
| Peo And Insurance Solutions | $336.9M | 22.4% |
Paychex Revenue by Segment — Quarterly Trend
Paychex revenue by segment across the last 4 reported quarters, showing how each business line (such as Management Solutions and Peo And Insurance Solutions) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Management Solutions | $1.2B | $1.4B | $1.0B | $1.1B |
| Peo And Insurance Solutions | $336.9M | — | $340.3M | $365.4M |
Paychex Annual Revenue by Year
Paychex annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.4B).
Paychex Quarterly Revenue & Net Profit History
Paychex results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $1.5B | +17.4% | $395.4M | 26.3% |
| Q1 FY2026 | $1.5B | +16.5% | $383.8M | 25.7% |
| Q4 FY2025 | $1.4B | +10.0% | $297.2M | 21.5% |
| Q3 FY2025 | $1.5B | +5.1% | $519.3M | 35.4% |
| Q2 FY2025 | $1.3B | +4.4% | $413.4M | 32.3% |
| Q1 FY2025 | $1.3B | +2.2% | $427.4M | 33.4% |
| Q4 FY2024 | $1.3B | +4.3% | $379.9M | 30.2% |
| Q3 FY2024 | $1.4B | +3.7% | $498.6M | 35.7% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.40B | $1.26B | $1.28B | $1.28B | $1.47B | $1.38B | $1.49B | $1.50B |
| YoY Growth | 3.7% | 4.3% | 2.2% | 4.4% | 5.1% | 10.0% | 16.5% | 17.4% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $13.02B | $10.38B | $10.49B | $10.55B | $11.22B | $16.56B | $16.66B | $16.52B |
| Liabilities | $9.28B | $6.58B | $6.64B | $6.63B | $7.11B | $12.44B | $12.69B | $12.64B |
| Equity | $3.75B | $3.80B | $3.85B | $3.93B | $4.12B | $4.13B | $3.97B | $3.88B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $671.7M | $221.7M | $546.1M | $295.0M | $716.0M | $343.8M | $718.4M | $444.9M |