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Paychex PAYX Q2 2026 earnings

Reported December 19, 2025 · Before market open

Revenue$1.6BBeat by $4.3M
EPS$1.26Beat by $0.03
Revenue estimate$1.6B
EPS estimate$1.23

Next report

Sep 29, 2026 (in a month)
Revenue estimate$1.6B
EPS estimate$1.33

Financials

Q2 2026

Income statement

See full
Revenue$1.6B+18.3%
Gross profit$1.1B+22.1%
Operating income$571.9M+6.3%
Net income$395.4M-4.4%
EPS (diluted)$1.10-3.5%

Balance sheet

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Cash & equivalents$1.5B+23.6%
Total debt$4.6B+437%
Total equity$3.9B-1.2%
Total assets$16.5B+56.5%

Cash flow

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Operating cash flow$444.9M+50.8%
CapEx$62.1M+32.1%
Free cash flow$382.8M+54.4%

Valuation & ratios

Valuation

as of 11/30/25
See full
Market cap$40.2B-23.7%
Enterprise value$43.35B-17.2%
P/E25.2×-5.4×
P/S6.7×-3.1×

Profitability

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Gross margin73.4%+1.6pp
Operating margin37.1%-4.2pp
Net margin26.4%-5.6pp
FCF margin33.1%+3.8pp

Returns & leverage

See full
Return on equity40.9%-5.3pp
Debt / equity1.2×+1.0×
Current ratio1.3×-0.1×

Segments

By product

See full
Management Solutions$1.2B+21.1%
Peo And Insurance Solutions$336.9M+6.0%

FAQ

When did Paychex report Q2 2026 earnings?
Paychex (PAYX) reported Q2 2026 earnings on December 19, 2025 before market open.
What were Paychex's Q2 2026 revenue and EPS?
Paychex reported revenue of $1.6B and eps of $1.26 for Q2 2026.
Did Paychex beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.6B by $4.3M. EPS beat the consensus estimate of $1.23 by $0.03.
How did Paychex's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.3% from $1.3B a year earlier and eps grew 10.5% from $1.14.
Where can I find Paychex's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-25-325838) and the 10-Q periodic report (0001193125-25-328698) directly on SEC EDGAR. The filing index links above go to sec.gov.