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Paychex PAYX Q4 2024 Annual earnings

Reported June 26, 2024 · Before market open

Revenue estimate$1.3B
EPS estimate$1.10

Next report

Jun 24, 2026 (Today)
Revenue estimate$1.6B
EPS estimate$1.31
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Financials

Q4 2024

Income statement

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Revenue$1.3B+5.3%
Gross profit$919.9M+7.0%
Operating income$481.8M+6.3%
Net income$379.9M+8.4%
EPS (diluted)$1.05+8.2%

Balance sheet

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Cash & equivalents$1.5B+20.2%
Total debt$885.5M-0.1%
Total equity$3.8B+8.8%
Total assets$10.4B-1.5%

Cash flow

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Operating cash flow$221.7M-46.9%
CapEx$41.3M-10.2%
Free cash flow$180.4M-51.4%

Valuation & ratios

Q4 2024

Valuation

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Market cap$43.26B+14.3%
Enterprise value$42.67B+13.7%
P/E25.6×+1.3×
P/S8.2×+0.6×

Profitability

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Gross margin72%+1.0pp
Operating margin41.2%+0.6pp
Net margin32%+0.9pp
FCF margin32.9%+1.7pp

Returns & leverage

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Return on equity46.3%-1.0pp
Debt / equity0.2×0.0×
Current ratio1.4×+0.1×

Segments

By product

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Management Solutions$930.3M+2.8%
Peo And Insurance Solutions$326.6M+9.0%

Versus estimates

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Questions, answered.

When did Paychex report Q4 2024 earnings?
Paychex (PAYX) reported Q4 2024 earnings on June 26, 2024 before market open.
What were Paychex's Q4 2024 revenue and EPS?
Paychex reported revenue of $1.3B and diluted EPS of $1.12 for Q4 2024.
Did Paychex beat estimates in Q4 2024?
Revenue beat the consensus estimate of $1.3B by $1.6M. EPS beat the consensus estimate of $1.10 by $0.02.
Where can I find Paychex's Q4 2024 SEC filings?
You can read the 10-K periodic report (0000950170-24-082958) directly on SEC EDGAR. The filing index links above go to sec.gov.