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Paychex PAYX Total Cost of Revenue

Discontinued — last reported Q4 '26

Total Cost of Revenue at other companies

Automatic Data Processing, Inc. logo
Automatic Data Processing, Inc.ADP
$3.07B+5.8%
Paycom Software logo
Paycom SoftwarePAYC
$87.3M+3.2%
Paylocity logo
PaylocityPCTY
$139.1M+7.1%
Equifax logo
EquifaxEFX
$767.1M+16.8%
Global Payments logo
Global PaymentsGPN
$1.27B+157%
Intuit logo
IntuitINTU

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:CostOfRevenue.

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 total cost of revenue?
Paychex (PAYX) reported total cost of revenue of $417.3M in Q1 2026.
How has Paychex's total cost of revenue changed year-over-year?
Paychex's total cost of revenue increased by 5.9% year-over-year, from $393.9M to $417.3M.
What is the long-term trend for Paychex's total cost of revenue?
Over 5 years (2021 to 2026), Paychex's total cost of revenue has grown at a 5.7% compound annual growth rate (CAGR), from $1.27B to $1.67B.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.