What is Paychex's operating income?

Paychex (PAYX) reported operating income of $604.7M in Q1 2026.

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

Paychex's operating income increased by 40.3% year-over-year, from $431.1M to $604.7M.

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

Over 4 years (2022 to 2026), Paychex's operating income has grown at a 8.1% compound annual growth rate (CAGR), from $1.84B to $2.51B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Paychex PAYX Operating Income

Discontinued — last reported Q4 '26

Operating Income at other companies

Barrett Business ServicesBBSI

-$6.47M-55.0%

InsperityNSP

$62M-8.8%

Workday, Inc.WDAY

$338M+767%

Paycom SoftwarePAYC

$210.2M+13.6%

PaylocityPCTY

$156.98M+23.6%

Global PaymentsGPN

-$15.65M-104%

Other financials

Income statement

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Revenue$1.6B+12.5%

Gross profit$1.4B+22.8%

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

Reported directly by Paychex in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: Paychex (PAYX) reported operating income of $604.7M in Q1 2026.
How has Paychex's operating income changed year-over-year?: Paychex's operating income increased by 40.3% year-over-year, from $431.1M to $604.7M.
What is the long-term trend for Paychex's operating income?: Over 4 years (2022 to 2026), Paychex's operating income has grown at a 8.1% compound annual growth rate (CAGR), from $1.84B to $2.51B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.