Paychex, Inc. (PAYX) Earnings History
Annual and quarterly earnings data from 1990 to 2025
Loading earnings history...
PAYX EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
PAYX Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 72.4% | 39.6% | 29.7% |
| 2024 | 72.0% | 41.2% | 32.0% |
| 2023 | 71.0% | 40.6% | 31.1% |
| 2022 | 70.6% | 39.9% | 30.2% |
| 2021 | 68.7% | 36.0% | 27.1% |
Download Data
Export PAYX earnings history in CSV or JSON format
Free sign-in required to download data
Paychex, Inc. (PAYX) Earnings Overview
As of May 8, 2026, Paychex, Inc. (PAYX) reported trailing twelve-month net income of $1.60B, reflecting -1.9% year-over-year growth. The company earned $4.42 per diluted share over the past four quarters, with a net profit margin of 29.7%.
Looking at the long-term picture, PAYX's 5-year EPS compound annual growth rate (CAGR) stands at +8.5%, showing solid earnings momentum. The company achieved its highest annual net income of $1.69B in fiscal 2024.
Paychex, Inc. maintains industry-leading profitability with a gross margin of 72.4%, operating margin of 39.6%, and net margin of 29.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ADP ($4.35B net income, 19.8% margin), PCTY ($258M net income, 14.2% margin), PAYC ($470M net income, 22.1% margin), PAYX has outperformed on profitability metrics. Compare PAYX vs ADP →
PAYX Earnings vs Peers
Earnings metrics vs comparable public companies
PAYX Historical Earnings Data (1990–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.66B | -2.0% | $2.21B | $4.58 | 29.7% | 39.6% |
| 2024 | $1.69B | +8.5% | $2.17B | $4.67 | 32.0% | 41.2% |
| 2023 | $1.56B | +11.8% | $2.03B | $4.30 | 31.1% | 40.6% |
| 2022 | $1.39B | +26.9% | $1.84B | $3.84 | 30.2% | 39.9% |
| 2021 | $1.10B | -0.1% | $1.46B | $3.03 | 27.1% | 36.0% |
| 2020 | $1.10B | +6.2% | $1.46B | $3.04 | 27.2% | 36.1% |
| 2019 | $1.03B | +10.8% | $1.37B | $2.86 | 27.4% | 36.3% |
| 2018 | $934M | +14.2% | $1.29B | $2.58 | 27.6% | 38.1% |
| 2017 | $817M | +8.0% | $1.24B | $2.25 | 25.9% | 39.3% |
| 2016 | $757M | +12.1% | $1.15B | $2.09 | 25.6% | 38.8% |
Full PAYX Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See PAYX's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PAYX Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare PAYX vs SPIR
Side-by-side business, growth, and profitability comparison vs Spire Global, Inc..
Start ComparisonPAYX — Frequently Asked Questions
Quick answers to the most common questions about buying PAYX stock.
Is PAYX growing earnings?
PAYX EPS of $4.42 reflects slowing growth at -1.9%, below the 5-year CAGR of +8.5%. TTM net income is $1.6B. Expansion rate has moderated.
What are PAYX's profit margins?
Paychex, Inc. net margin is +29.7%, with operating margin at +39.6%. Above-average margins indicate pricing power.
How consistent are PAYX's earnings?
PAYX earnings data spans 1990-2025. The current earnings trend is -1.9% YoY. Historical data enables comparison across business cycles.