← PAYCHEX INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.0b |
$3.2b
+6.75%
|
$3.4b
+7.29%
|
$3.7b
+9.20%
|
$4.0b
+7.09%
|
$4.0b
+1.11%
|
$4.6b
+13.92%
|
$4.9b
+7.76%
|
$5.1b
+4.58%
|
$5.4b
+5.42%
|
$6.5b
+20.37%
|
|
| Total service revenue | — | $3.1b | $3.3b | $3.7b | $4.0b | $4.0b | $4.6b | $4.9b | $5.1b | $5.4b | — | |
| Cost of Goods and Services Sold | $857.1m |
$919.6m
+7.29%
|
$1.0b
+10.68%
|
$1.1b
+7.80%
|
$1.3b
+16.73%
|
$1.3b
-0.75%
|
$1.4b
+6.69%
|
$1.5b
+7.13%
|
$1.5b
+1.81%
|
$1.5b
+4.13%
|
$1.7b
+8.71%
|
|
| Cost of service revenue | $857.1m | $919.6m |
$1.0b
+10.72%
|
$1.2b
+15.67%
|
$1.3b | $1.3b | $1.4b | $1.5b | $1.5b | $1.5b | — | |
| Gross Profit (Calculated) (derived) | $2.1b |
$2.2b
+6.54%
|
$2.4b
+5.89%
|
$2.6b
+9.80%
|
$2.7b
+3.01%
|
$2.7b
+2.00%
|
$3.2b
+17.29%
|
$3.5b
+8.02%
|
$3.7b
+5.74%
|
$3.9b
+5.94%
|
— | |
| Selling, General and Administrative Expense | $948.2m | $992.1m | $1.1b | $1.2b | $1.3b | $1.3b | $1.4b | $1.5b | $1.6b | $1.8b | $2.3b | |
| Amortization of Intangible Assets | $15.9m | $18.1m | $21.1m | $55.8m | $81.9m | $68.6m | $58.1m | $48.2m | $49.0m | $90.7m | — | |
| Operating Costs and Expenses | $857.1m | $919.6m | $1.0b | $1.2b | $1.3b | $1.3b | $1.4b | $1.5b | $1.5b | $1.5b | — | |
| Operating Expenses | $1.8b | $1.9b | $2.1b | $2.4b | $2.6b | $2.6b | $2.8b | $3.0b | $3.1b | $3.4b | $4.0b | |
| Operating Income (Loss) | $1.1b |
$1.2b
+8.11%
|
$1.3b
+3.86%
|
$1.4b
+6.51%
|
$1.5b
+6.50%
|
$1.5b
+0.01%
|
$1.8b
+25.97%
|
$2.0b
+10.49%
|
$2.2b
+6.94%
|
$2.2b
+1.55%
|
$2.5b
+13.72%
|
|
| Interest Income, Operating | $46.1m | $50.6m | $63.5m | $80.6m | $86.9m | $59.3m | $57.7m | $99.8m | $146.3m | $161.7m | $63.4m | |
| Foreign Currency Transaction Gain (Loss), Realized | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Other income (expense): | ||||||||||||
| Other Nonoperating Income (Expense) | — | — | — | — | $3.1m | $7.0m | $18.3m | $2.7m | ($1.5m) | $800k | — | |
| Income (Loss) from Equity Method Investments | ($2.8m) | ($2.2m) | $600k | $1.0m | — | — | — | — | — | — | — | |
| Other income, net | — | — | — | — | — | — | — | $51.8m | $81.2m | $73.6m | $6.5m | |
| Interest Expense (non-operating) | $1.1m | $2.5m | $3.9m | $17.6m | $38.8m | $35.8m | $36.6m | $36.7m | $37.3m | $105.4m | $269.5m | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | — | $73.6m | — | |
| Interest Income (Expense), Nonoperating, Net | $4.5m | $5.2m | $8.6m | ($3.3m) | ($23.4m) | ($26.5m) | ($15.4m) | $15.1m | $43.9m | — | $63.4m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $1.2b | $1.2b | $1.3b | $1.4b | $1.4b | $1.4b | $1.8b | $2.0b | $2.2b | $2.2b | $2.3b | |
| Income taxes | $394.3m | $427.5m | $362.4m | $333.6m | $339.0m | $336.7m | $431.8m | $490.9m | $527.6m | $518.6m | — | |
| Current Income Tax Expense (Benefit) | $387.2m | $410.1m | $343.2m | $328.9m | $343.0m | $357.7m | $429.5m | $534.9m | $557.4m | $534.4m | $550.8m | |
| Net income | $756.8m |
$817.3m
+7.99%
|
$933.7m
+14.24%
|
$1.0b
+10.79%
|
$1.1b
+6.16%
|
$1.1b
-0.05%
|
$1.4b
+26.91%
|
$1.6b
+11.81%
|
$1.7b
+8.55%
|
$1.7b
-1.96%
|
$1.8b
+6.20%
|
|
| Earnings Per Share, Basic | $2.10 | $2.27 | $2.60 | $2.88 | $3.06 | $3.05 | $3.86 | $4.32 | $4.69 | $4.60 | $4.90 | |
| Earnings Per Share, Diluted | $2.09 | $2.25 | $2.58 | $2.86 | $3.04 | $3.03 | $3.84 | $4.30 | $4.67 | $4.58 | $4.89 | |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | $0.00 | $2.30 | $2.48 | $2.52 | $2.77 | $3.26 | $3.65 | $4.02 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 360.7m | 359.8m | 359.0m | 359.2m | 358.5m | 359.9m | 360.6m | 360.4m | 360.3m | 360.2m | 358.9m | |
| Weighted-average common shares outstanding | 360.7m | 359.8m | 359.0m | 359.2m | 358.5m | 359.9m | 360.6m | 360.4m | 360.3m | 360.2m | — | |
| Weighted-average common shares outstanding, assuming dilution | 362.5m | 362.6m | 361.5m | 361.8m | 361.0m | 362.1m | 363.1m | 362.3m | 362.1m | 362.0m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 362.5m | 362.6m | 361.5m | 361.8m | 361.0m | 362.1m | 363.1m | 362.3m | 362.1m | 362.0m | 360.0m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Interest on funds held for clients | $46.1m | $50.6m | $63.5m | $80.6m | $86.9m | $59.3m | $57.7m | $99.8m | $146.3m | $161.7m | — | |
| Other comprehensive Income (loss), net of tax | $21.7m | ($9.2m) | ($56.2m) | $36.3m | $56.4m | ($4.7m) | ($185.7m) | ($26.0m) | $14.8m | $91.4m | — | |
| Comprehensive income | $778.5m | $808.1m | $877.5m | $1.1b | $1.2b | $1.1b | $1.2b | $1.5b | $1.7b | $1.7b | — | |
| Total expenses | $1.8b | $1.9b | $2.1b | $2.4b | $2.6b | $2.6b | $2.8b | $3.0b | $3.1b | $3.4b | $4.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.