What is Paychex's SG&A?

Paychex (PAYX) reported SG&A of $583.5M in Q1 2026.

How has Paychex's SG&A changed year-over-year?

Paychex's SG&A decreased by 3.1% year-over-year, from $602.3M to $583.5M.

What is the long-term trend for Paychex's SG&A?

Over 5 years (2021 to 2026), Paychex's SG&A has grown at a 11.9% compound annual growth rate (CAGR), from $1.32B to $2.33B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Paychex PAYX SG&A

Discontinued — last reported Q4 '26

SG&A at other companies

Automatic Data Processing, Inc.ADP

$1.08B+6.5%

Paycom SoftwarePAYC

$274.3M+5.2%

EquifaxEFX

$411M+9.6%

Global PaymentsGPN

$1.71B+78.8%

Fidelity National Information ServicesFIS

$605M+8.4%

Henry (Jack) & AssociatesJKHY

$72.17M+8.8%

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%

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+434%

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$761.5M+14.1%

Valuation

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Market cap$35.2B-38.4%

Enterprise value$38.72B-32.3%

P/E20×-10.6×

P/S5.4×-4.8×

Profitability

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Gross margin73.9%+1.9pp

Operating margin36.9%-4.6pp

Net margin25.8%-6.1pp

FCF margin33%+3.5pp

Returns & leverage

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Return on equity40.3%-4.0pp

Debt / equity1.1×+0.9×

Current ratio1.3×-0.1×

Where this comes from

Reported directly by Paychex in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

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 SG&A?: Paychex (PAYX) reported SG&A of $583.5M in Q1 2026.
How has Paychex's SG&A changed year-over-year?: Paychex's SG&A decreased by 3.1% year-over-year, from $602.3M to $583.5M.
What is the long-term trend for Paychex's SG&A?: Over 5 years (2021 to 2026), Paychex's SG&A has grown at a 11.9% compound annual growth rate (CAGR), from $1.32B to $2.33B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.