Paychex annual operating expenses
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Paychex Operating Expenses Growth & History (PAYX)
Paychex's operating expenses was $2.12B for fiscal 2026.
View full Paychex company overviewPaychex annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-05-31 | $2.12B | $454.2M | +27.33% |
| 2025 | 2025-05-31 | $1.66B | $183.3M | +12.40% |
| 2024 | 2024-05-31 | $1.48B | $57.4M | +4.04% |
| 2023 | 2023-05-31 | $1.42B | $63.5M | +4.68% |
| 2022 | 2022-05-31 | $1.36B | $92.1M | +7.28% |
| 2021 | 2021-05-31 | $1.27B | $53.3M | +4.40% |
| 2020 | 2020-05-31 | $1.21B | −$1.19B | −49.51% |
| 2019 | 2019-05-31 | $2.40B | $315.0M | +15.10% |
| 2018 | 2018-05-31 | $2.09B | $187.1M | +9.85% |
| 2017 | 2017-05-31 | $1.90B | $93.8M | +5.20% |
| 2016 | 2016-05-31 | $1.81B | $119.3M | +7.08% |
| 2015 | 2015-05-31 | $1.69B | $149.8M | +9.75% |
| 2014 | 2014-05-31 | $1.54B | $114.8M | +8.08% |
| 2013 | 2013-05-31 | $1.42B | $45.5M | +3.31% |
| 2012 | 2012-05-31 | $1.38B | $78.0M | +6.01% |
| 2011 | 2011-05-31 | $1.30B | $21.9M | +1.72% |
| 2010 | 2010-05-31 | $1.28B | −$1.6M | −0.13% |
| 2009 | 2009-05-31 | $1.28B | $39.5M | +3.19% |
| 2008 | 2008-05-31 | $1.24B | — | — |
Paychex quarterly operating expenses
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Q4.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | $531.3M | −$25.8M | −4.63% |
| Q3 2026 | 2026-02-28 | $528.9M | $142.0M | +36.70% |
| Q2 2026 | 2025-11-30 | $519.2M | $155.6M | +42.79% |
| Q1 2026 | 2025-08-31 | $536.7M | $182.4M | +51.48% |
| Q4 2025 | 2025-05-31 | $557.1M | $157.2M | +39.31% |
| Q3 2025 | 2025-02-28 | $386.9M | $21.1M | +5.77% |
| Q2 2025 | 2024-11-30 | $363.6M | $7.5M | +2.11% |
| Q1 2025 | 2024-08-31 | $354.3M | −$2.5M | −0.70% |
| Q4 2024 | 2024-05-31 | $399.9M | $18.3M | +4.80% |
| Q3 2024 | 2024-02-29 | $365.8M | $4.9M | +1.36% |
| Q2 2024 | 2023-11-30 | $356.1M | $19.1M | +5.67% |
| Q1 2024 | 2023-08-31 | $356.8M | $15.1M | +4.42% |
| Q4 2023 | 2023-05-31 | $381.6M | $6.0M | +1.60% |
| Q3 2023 | 2023-02-28 | $360.9M | $14.3M | +4.13% |
| Q2 2023 | 2022-11-30 | $337.0M | $14.5M | +4.50% |
| Q1 2023 | 2022-08-31 | $341.7M | $28.7M | +9.17% |
| Q4 2022 | 2022-05-31 | $375.6M | $30.5M | +8.84% |
| Q3 2022 | 2022-02-28 | $346.6M | $47.0M | +15.69% |
| Q2 2022 | 2021-11-30 | $322.5M | $27.8M | +9.43% |
| Q1 2022 | 2021-08-31 | $313.0M | −$13.2M | −4.05% |
| Q4 2021 | 2021-05-31 | $345.1M | $46.6M | +15.61% |
| Q3 2021 | 2021-02-28 | $299.6M | −$373.0M | −55.46% |
| Q2 2021 | 2020-11-30 | $294.7M | −$354.3M | −54.59% |
| Q1 2021 | 2020-08-31 | $326.2M | −$316.7M | −49.26% |
| Q4 2020 | 2020-05-31 | $298.5M | −$367.4M | −55.17% |
| Q3 2020 | 2020-02-29 | $672.6M | $31.5M | +4.91% |
| Q2 2020 | 2019-11-30 | $649.0M | $97.3M | +17.64% |
| Q1 2020 | 2019-08-31 | $642.9M | $100.4M | +18.51% |
| Q4 2019 | 2019-05-31 | $665.9M | $122.3M | +22.50% |
| Q3 2019 | 2019-02-28 | $641.1M | $74.0M | +13.05% |
| Q2 2019 | 2018-11-30 | $551.7M | $51.8M | +10.36% |
| Q1 2019 | 2018-08-31 | $542.5M | $66.9M | +14.07% |
| Q4 2018 | 2018-05-31 | $543.6M | $56.5M | +11.60% |
| Q3 2018 | 2018-02-28 | $567.1M | $77.9M | +15.92% |
| Q2 2018 | 2017-11-30 | $499.9M | $39.6M | +8.60% |
| Q1 2018 | 2017-08-31 | $475.6M | $13.1M | +2.83% |
| Q4 2017 | 2017-05-31 | $487.1M | $9.5M | +1.99% |
| Q3 2017 | 2017-02-28 | $489.2M | $16.6M | +3.51% |
| Q2 2017 | 2016-11-30 | $460.3M | $32.1M | +7.50% |
| Q1 2017 | 2016-08-31 | $462.5M | $35.6M | +8.34% |
| Q4 2016 | 2016-05-31 | $477.6M | $37.0M | +8.40% |
| Q3 2016 | 2016-02-29 | $472.6M | $32.6M | +7.41% |
| Q2 2016 | 2015-11-30 | $428.2M | $22.1M | +5.44% |
| Q1 2016 | 2015-08-31 | $426.9M | $27.6M | +6.91% |
| Q4 2015 | 2015-05-31 | $440.6M | $29.9M | +7.28% |
| Q3 2015 | 2015-02-28 | $440.0M | $40.3M | +10.08% |
| Q2 2015 | 2014-11-30 | $406.1M | $38.3M | +10.41% |
| Q1 2015 | 2014-08-31 | $399.3M | $41.3M | +11.54% |
| Q4 2014 | 2014-05-31 | $410.7M | $37.2M | +9.96% |
| Q3 2014 | 2014-02-28 | $399.7M | $31.4M | +8.53% |
| Q2 2014 | 2013-11-30 | $367.8M | $28.4M | +8.37% |
| Q1 2014 | 2013-08-31 | $358.0M | $17.8M | +5.23% |
| Q4 2013 | 2013-05-31 | $373.5M | $17.9M | +5.03% |
| Q3 2013 | 2013-02-28 | $368.3M | $9.2M | +2.56% |
| Q2 2013 | 2012-11-30 | $339.4M | $11.6M | +3.54% |
| Q1 2013 | 2012-08-31 | $340.2M | $6.8M | +2.04% |
| Q4 2012 | 2012-05-31 | $355.6M | $15.7M | +4.62% |
| Q3 2012 | 2012-02-29 | $359.1M | $26.7M | +8.03% |
| Q2 2012 | 2011-11-30 | $327.8M | $19.7M | +6.39% |
| Q1 2012 | 2011-08-31 | $333.4M | $15.9M | +5.01% |
| Q4 2011 | 2011-05-31 | $339.9M | $17.3M | +5.36% |
| Q3 2011 | 2011-02-28 | $332.4M | −$7.2M | −2.12% |
| Q2 2011 | 2010-11-30 | $308.1M | $4.6M | +1.52% |
| Q1 2011 | 2010-08-31 | $317.5M | $7.2M | +2.32% |
| Q4 2010 | 2010-05-31 | $322.6M | $940,000 | +0.29% |
| Q3 2010 | 2010-02-28 | $339.6M | $8.4M | +2.54% |
| Q2 2010 | 2009-11-30 | $303.5M | −$8.8M | −2.81% |
| Q1 2010 | 2009-08-31 | $310.3M | −$2.2M | −0.70% |
| Q4 2009 | 2009-05-31 | $321.7M | — | — |
| Q3 2009 | 2009-02-28 | $331.2M | — | — |
| Q2 2009 | 2008-11-30 | $312.3M | — | — |
| Q1 2009 | 2008-08-31 | $312.5M | — | — |
Paychex operating expenses trends
Over the last five fiscal years, Paychex's operating expenses increased from $1.27B to $2.12B, a change of $850.5M. The latest reported quarter, Q4 2026, shows $531.3M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Paychex source filings ↗