Paychex (PAYX) Revenue & Revenue Breakdown
Paychex Revenue Highlights
Latest Revenue (Y)
$5.28B
Latest Revenue (Q)
$1.44B
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 |
|---|---|---|
| 2024-02-29 | $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 $1.44B in revenue during Q3 2024, up 14.42% compared to the previous quarter, and up 120.92% 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 |
|---|---|---|---|---|---|
| Peo And Insurance Solutions | $1.27B | $1.18B | $1.11B | $974.10M | - |
| Management Solutions | $3.87B | $3.73B | $3.44B | $3.02B | $2.96B |
| 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 | 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 | Aug 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Peo And Insurance Solutions | $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 | - | - | - | - |
| Management Solutions | $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 | $724.50M |
| Peo And Insurance Services | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $228.00M | $271.50M | $244.10M | $247.00M |
Paychex's latest quarterly revenue breakdown by segment (product or service), as of May 24: Management Solutions (74.02%), and Peo And Insurance Solutions (25.98%).
Paychex Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| MAN | ManpowerGroup | $18.91B | $4.52B |
| NSP | Insperity | $6.49B | $1.60B |
| PAYX | Paychex | $5.28B | $1.44B |
| KELYA | Kelly Services | $4.84B | $1.05B |
| KFY | Korn Ferry | $2.80B | $682.76M |
| RHI | Robert Half | $2.58B | $1.47B |
| TBI | TrueBlue | $1.91B | $104.42M |
| KFRC | Kforce | $1.53B | $356.32M |
| HSII | Heidrick & Struggles | $1.04B | $282.88M |
| UPWK | Upwork | $689.14M | $190.94M |
| BGSF | BGSF | $313.17M | $68.77M |
| HSON | Hudson Global | $161.34M | $35.71M |
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 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). The company's quarterly revenue for Q2 2024 was $1.26B, a -2.19% decrease from the previous quarter (Q1 2024), and a 5.68% increase year-over-year (Q2 2023). PAYX's quarterly revenue for Q1 2024 was $1.29B, a 4.59% increase from the previous quarter (Q4 2023), and a 6.62% increase year-over-year (Q1 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 Peo And Insurance Solutions, and Management Solutions. Peo And Insurance Solutions generated $1.27B in revenue, accounting 24.66% of the company's total revenue, up 7.55% year-over-year. Management Solutions generated $3.87B in revenue, accounting 75.34% of the company's total revenue, up 3.64% 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.