What is Paychex's net income?

Paychex (PAYX) reported net income of $420.6M in Q1 2026.

How has Paychex's net income changed year-over-year?

Paychex's net income increased by 41.5% year-over-year, from $297.2M to $420.6M.

What is the long-term trend for Paychex's net income?

Over 5 years (2021 to 2026), Paychex's net income has grown at a 1.9% compound annual growth rate (CAGR), from $1.6B to $1.76B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Paychex PAYX Net Income

Net Income at other companies

Automatic Data Processing, Inc.ADP

$1.36B+8.8%

Barrett Business ServicesBBSI

-$14.8M-1,350%

Trinet GroupTNET

$89M+4.7%

InsperityNSP

$33M-35.3%

Workday, Inc.WDAY

$222M+226%

Paycom SoftwarePAYC

$155.7M+11.7%

Other financials

Income statement

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Revenue$1.6B+12.5%

Gross profit$1.4B+22.8%

Operating income$604.7M+40.3%

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$34.39B-36.0%

Enterprise value$37.91B-33.2%

P/E19.5×-12.9×

P/S5.3×-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

See full

Return on equity44.8%+3.0pp

Debt / equity1.2×+0.1×

Current ratio1.3×0.0×

Where this comes from

Reported directly by Paychex in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic.

The official record: Paychex’s 8-K, filed June 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Paychex's net income?: Paychex (PAYX) reported net income of $420.6M in Q1 2026.
How has Paychex's net income changed year-over-year?: Paychex's net income increased by 41.5% year-over-year, from $297.2M to $420.6M.
What is the long-term trend for Paychex's net income?: Over 5 years (2021 to 2026), Paychex's net income has grown at a 1.9% compound annual growth rate (CAGR), from $1.6B to $1.76B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.