Paychex (PAYX) Revenue & Revenue Breakdown

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Paychex Revenue Highlights

Latest Revenue (Y)

$5.28B

Latest Revenue (Q)

$1.32B

Main Segment (Y)

Management Solutions

Paychex Revenue by Period

Paychex Revenue by Year

Date	Revenue	Change
2023-12-31	$5.28B	5.42%
2023-05-31	$5.01B	8.57%
2022-05-31	$4.61B	13.68%
2021-05-31	$4.06B	0.40%
2020-05-31	$4.04B	7.10%
2019-05-31	$3.77B	11.58%
2018-05-31	$3.38B	7.29%
2017-05-31	$3.15B	6.75%
2016-05-31	$2.95B	7.75%
2015-05-31	$2.74B	8.76%
2014-05-31	$2.52B	8.28%
2013-05-31	$2.33B	4.32%
2012-05-31	$2.23B	6.98%
2011-05-31	$2.08B	4.17%
2010-05-31	$2.00B	-3.93%
2009-05-31	$2.08B	0.80%
2008-05-31	$2.07B	9.51%
2007-05-31	$1.89B	12.68%
2006-05-31	$1.67B	15.88%
2005-05-31	$1.45B	11.65%
2004-05-31	$1.29B	23.74%
2003-05-31	$1.05B	9.54%
2002-05-31	$954.91M	9.78%
2001-05-31	$869.86M	19.47%
2000-05-31	$728.12M	-38.05%
1999-05-31	$1.18B	18.32%
1998-05-31	$993.40M	35.21%
1997-05-31	$734.70M	125.85%
1996-05-31	$325.30M	21.74%
1995-05-31	$267.20M	19.23%
1994-05-31	$224.10M	17.95%
1993-05-31	$190.00M	-

Paychex generated $5.28B in revenue during NA 2024, up 5.42% compared to the previous quarter, and up 139.92% compared to the same period a year ago.

Paychex Revenue by Quarter

Date	Revenue	Change
2024-08-31	$1.32B	1.81%
2024-05-31	$1.30B	-10.02%
2024-02-29	$1.44B	14.42%
2023-11-30	$1.26B	-2.19%
2023-08-31	$1.29B	4.59%
2023-05-31	$1.23B	-10.96%
2023-02-28	$1.38B	16.02%
2022-11-30	$1.19B	-1.32%
2022-08-31	$1.21B	5.41%
2022-05-31	$1.14B	-10.32%
2022-02-28	$1.28B	15.11%
2021-11-30	$1.11B	2.36%
2021-08-31	$1.08B	5.22%
2021-05-31	$1.03B	-7.42%
2021-02-28	$1.11B	13.01%
2020-11-30	$983.70M	5.52%
2020-08-31	$932.20M	1.87%
2020-05-31	$915.10M	-19.92%
2020-02-29	$1.14B	15.34%
2019-11-30	$990.70M	-0.13%
2019-08-31	$992.00M	1.18%
2019-05-31	$980.40M	-8.41%
2019-02-28	$1.07B	24.62%
2018-11-30	$858.90M	-0.45%
2018-08-31	$862.80M	-0.95%
2018-05-31	$871.10M	0.53%
2018-02-28	$866.50M	4.84%
2017-11-30	$826.50M	1.19%
2017-08-31	$816.80M	2.28%
2017-05-31	$798.60M	0.35%
2017-02-28	$795.80M	3.16%
2016-11-30	$771.40M	-1.80%
2016-08-31	$785.50M	4.19%
2016-05-31	$753.90M	0.17%
2016-02-29	$752.60M	4.18%
2015-11-30	$722.40M	-0.08%
2015-08-31	$723.00M	4.45%
2015-05-31	$692.20M	-1.72%
2015-02-28	$704.30M	4.14%
2014-11-30	$676.30M	1.42%
2014-08-31	$666.80M	0.42%
2014-05-31	$664.00M	4.32%
2014-02-28	$636.50M	4.26%
2013-11-30	$610.50M	0.43%
2013-08-31	$607.90M	3.86%
2013-05-31	$585.30M	-1.35%
2013-02-28	$593.30M	6.06%
2012-11-30	$559.40M	-3.25%
2012-08-31	$578.20M	-1.04%
2012-05-31	$584.30M	4.62%
2012-02-29	$558.50M	4.39%
2011-11-30	$535.00M	-3.08%
2011-08-31	$552.00M	8.15%
2011-05-31	$510.40M	-1.77%
2011-02-28	$519.60M	3.92%
2010-11-30	$500.00M	-1.22%
2010-08-31	$506.20M	4.92%
2010-05-31	$482.48M	-2.29%
2010-02-28	$493.79M	2.23%
2009-11-30	$483.02M	-0.71%
2009-08-31	$486.49M	15.70%
2009-05-31	$420.48M	-20.45%
2009-02-28	$528.58M	0.84%
2008-11-30	$524.16M	-1.86%
2008-08-31	$534.09M	2.86%
2008-05-31	$519.23M	-2.43%
2008-02-29	$532.17M	-

Paychex generated $1.32B in revenue during Q1 2025, up 1.81% compared to the previous quarter, and up 107.23% compared to the same period a year ago.

Paychex Revenue Breakdown

Paychex Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	May 24	May 23	May 22	May 21	May 20
Management Solutions	$3.87B	$3.73B	$3.44B	$3.02B	$2.96B
Peo And Insurance Solutions	$1.27B	$1.18B	$1.11B	$974.10M	-
Peo And Insurance Services	-	-	-	-	$990.60M

Paychex's latest annual revenue breakdown by segment (product or service), as of May 24: Management Solutions (75.34%), and Peo And Insurance Solutions (24.66%).

Quarterly Revenue by Product

Product/Service	Aug 24	May 24	Feb 24	Nov 23	Aug 23	May 23	Feb 23	Nov 22	Aug 22	May 22	Feb 22	Nov 21	Aug 21	May 21	Feb 21	Nov 20	Aug 20	May 20	Feb 20	Nov 19
Management Solutions	$961.70M	$930.30M	$1.05B	$930.70M	$955.50M	$905.20M	$1.02B	$895.30M	$905.50M	$845.30M	$959.90M	$832.00M	$805.50M	$756.40M	$846.80M	$732.80M	$687.40M	$661.80M	$850.00M	$726.70M
Peo And Insurance Solutions	$319.30M	$326.60M	$345.50M	$295.70M	$297.80M	$299.50M	$321.20M	$273.30M	$282.80M	$284.30M	$301.70M	$262.40M	$262.90M	$258.30M	$249.80M	$236.10M	$229.90M	-	-	-
Peo And Insurance Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$228.00M	$271.50M	$244.10M

Paychex's latest quarterly revenue breakdown by segment (product or service), as of Aug 24: Management Solutions (75.07%), and Peo And Insurance Solutions (24.93%).

Paychex Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
MAN	ManpowerGroup	$18.91B	$-8.92B
NSP	Insperity	$6.49B	$1.56B
PAYX	Paychex	$5.28B	$1.32B
KELYA	Kelly Services	$4.84B	$1.06B
KFY	Korn Ferry	$2.80B	$682.76M
RHI	Robert Half	$2.58B	$1.47B
TBI	TrueBlue	$1.91B	$100.04M
KFRC	Kforce	$1.53B	$353.32M
HSII	Heidrick & Struggles	$1.04B	$278.56M
UPWK	Upwork	$689.14M	$194.00M
BGSF	BGSF	$313.17M	$100.00K
HSON	Hudson Global	$161.34M	$36.85M

PAYX Revenue FAQ

What is Paychex’s yearly revenue?

Paychex's yearly revenue for 2024 was $5.28B, representing an increase of 5.42% compared to 2023. The company's yearly revenue for 2023 was $5.01B, representing an increase of 8.57% compared to 2022. PAYX's yearly revenue for 2022 was $4.61B, representing an increase of 13.68% compared to 2021.

What is Paychex’s quarterly revenue?

Paychex's quarterly revenue for Q1 2025 was $1.32B, a 1.81% increase from the previous quarter (Q4 2024), and a 2.53% increase year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $1.3B, a -10.02% decrease from the previous quarter (Q3 2024), and a 5.33% increase year-over-year (Q4 2023). PAYX's quarterly revenue for Q3 2024 was $1.44B, a 14.42% increase from the previous quarter (Q2 2024), and a 4.22% increase year-over-year (Q3 2023).

What is Paychex’s revenue growth rate?

Paychex's revenue growth rate for the last 3 years (2022-2024) was 14.45%, and for the last 5 years (2020-2024) was 30.63%.

What are Paychex’s revenue streams?

Paychex's revenue streams in y 24 are Management Solutions, and Peo And Insurance Solutions. Management Solutions generated $3.87B in revenue, accounting 75.34% of the company's total revenue, up 3.64% year-over-year. Peo And Insurance Solutions generated $1.27B in revenue, accounting 24.66% of the company's total revenue, up 7.55% year-over-year.

What is Paychex’s main source of revenue?

For the fiscal year ending May 24, the largest source of revenue of Paychex was Management Solutions. This segment made a revenue of $3.87B, representing 75.34% of the company's total revenue.