What is Paychex's gross profit?

Paychex (PAYX) reported gross profit of $1.38B in Q4 2025.

How has Paychex's gross profit changed year-over-year?

Paychex's gross profit increased by 22.8% year-over-year, from $1.12B to $1.38B.

What is the long-term trend for Paychex's gross profit?

Over 3 years (2022 to 2025), Paychex's gross profit has grown at a 7.4% compound annual growth rate (CAGR), from $3.26B to $4.03B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Paychex PAYX Gross Profit

Gross Profit at other companies

Automatic Data Processing, Inc.ADP

$2.87B+8.2%

Barrett Business ServicesBBSI

$43.19M+1.3%

InsperityNSP

$302M-2.6%

Paycom SoftwarePAYC

$484.6M+8.7%

PaylocityPCTY

$363.19M+11.9%

Global PaymentsGPN

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Other financials

Income statement

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Revenue$1.6B+12.5%

Operating income$604.7M+40.3%

Net income$420.6M+41.5%

EPS (diluted)$1.17+42.7%

Balance sheet

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Cash & equivalents$1.1B-33.2%

Total debt$4.6B-0.8%

Total equity$3.7B-9.5%

Total assets$16.2B-2.4%

Cash flow

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Operating cash flow$580.9M+69.0%

CapEx$65.9M+8.9%

Free cash flow$515.0M+81.8%

Valuation

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Market cap$35.52B-35.3%

Enterprise value$39.04B-32.6%

P/E20.2×-12.9×

P/S5.5×-4.4×

Profitability

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Gross margin73.9%+1.9pp

Operating margin38.6%-1.1pp

Net margin27%-2.7pp

FCF margin35.7%+5.0pp

Returns & leverage

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Return on equity44.8%+3.0pp

Debt / equity1.2×+0.1×

Current ratio1.3×0.0×

Where this comes from

Calculated from Paychex’s reported figures.

$1.8Btotal revenue−$431.2Mtotal cost of revenue=$1.38B

The official record: Paychex’s 10-Q, filed March 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Paychex's gross profit?: Paychex (PAYX) reported gross profit of $1.38B in Q4 2025.
How has Paychex's gross profit changed year-over-year?: Paychex's gross profit increased by 22.8% year-over-year, from $1.12B to $1.38B.
What is the long-term trend for Paychex's gross profit?: Over 3 years (2022 to 2025), Paychex's gross profit has grown at a 7.4% compound annual growth rate (CAGR), from $3.26B to $4.03B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.