Discontinued — last reported Q3 '25
Paychex Unbilled Revenue decreased by 6.4% to $598.80M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.2%, from $597.90M to $598.80M. Over 4 years (FY 2021 to FY 2025), Unbilled Revenue shows an upward trend with a 8.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase suggests strong service delivery momentum, while a decrease may indicate a shift in billing cycles or slower service fulfillment.
This asset represents revenue that has been earned through the delivery of services but has not yet been invoiced to the...
Common in professional services and HCM firms; levels depend on the specific contract billing terms.
unbilled_revenue| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $450.90M | $489.10M | $531.80M | $463.40M | $572.10M | $476.30M | $494.80M | $588.20M | $528.50M | $535.40M | $544.40M | $590.70M | $542.40M | $553.80M | $598.90M | $597.90M | $616.60M | $609.40M | $640.00M | $598.80M |
| QoQ Change | — | +8.5% | +8.7% | -12.9% | +23.5% | -16.7% | +3.9% | +18.9% | -10.1% | +1.3% | +1.7% | +8.5% | -8.2% | +2.1% | +8.1% | -0.2% | +3.1% | -1.2% | +5.0% | -6.4% |
| YoY Change | — | — | — | — | +26.9% | -2.6% | -7.0% | +26.9% | -7.6% | +12.4% | +10.0% | +0.4% | +2.6% | +3.4% | +10.0% | +1.2% | +13.7% | +10.0% | +6.9% | +0.2% |