Paychex's Revenue
- Paychex's annual revenue was $5.57 B in fiscal year 2025. The annual revenue increased $293.40 M from $5.28 B (in 2024) to $5.57 B (in 2025), representing a 5.56% year-over-year growth.
- Paychex's quarterly revenue was $1.43 B in the quarter ending May 2025. The quarterly revenue increased $132.20 M from $1.30 B (in Q4: Sept 2024) to $1.43 B (in Q4: Sept 2025), representing a 10.21% year-over-year growth.
- The highest annual revenue for Paychex was $5.57 B in fiscal year 2025.
- The lowest annual revenue was $2.95 B in fiscal year 2016.
- The average revenue was $4.18 B.
- Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.
Over the past 10 years (2016 - 2025):
Learn more about Paychex's Revenue by Segment and Revenue by Region.
Check out competitors to Paychex in a side-by-side comparison.
Explore additional financial metrics for Paychex.
Definition of Revenue :
Paychex's Revenue Trend
| 2015 | 2739600000.00 |
|---|---|
| 2016 | 2951900000.00 |
| 2017 | 3151300000.00 |
| 2018 | 3380900000.00 |
| 2019 | 3772500000.00 |
| 2020 | 4040500000.00 |
| 2021 | 4056800000.00 |
| 2022 | 4611700000.00 |
| 2023 | 5007100000.00 |
| 2024 | 5278300000.00 |
| 2025 | 5571700000.00 |
| Feb 2016 | 752600000.00 |
|---|---|
| May 2016 | 753900000.00 |
| Aug 2016 | 785500000.00 |
| Nov 2016 | 771400000.00 |
| Feb 2017 | 795800000.00 |
| May 2017 | 798600000.00 |
| Aug 2017 | 816800000.00 |
| Nov 2017 | 826500000.00 |
| Feb 2018 | 866500000.00 |
| May 2018 | 871100000.00 |
| Aug 2018 | 862800000.00 |
| Nov 2018 | 858900000.00 |
| Feb 2019 | 1070400000.00 |
| May 2019 | 980400000.00 |
| Aug 2019 | 992000000.00 |
| Nov 2019 | 990700000.00 |
| Feb 2020 | 1142700000.00 |
| May 2020 | 915100000.00 |
| Aug 2020 | 932200000.00 |
| Nov 2020 | 983700000.00 |
| Feb 2021 | 1111700000.00 |
| May 2021 | 1029200000.00 |
| Aug 2021 | 1082900000.00 |
| Nov 2021 | 1108500000.00 |
| Feb 2022 | 1276000000.00 |
| May 2022 | 1144300000.00 |
| Aug 2022 | 1206200000.00 |
| Nov 2022 | 1190300000.00 |
| Feb 2023 | 1381000000.00 |
| May 2023 | 1229600000.00 |
| Aug 2023 | 1286000000.00 |
| Nov 2023 | 1257900000.00 |
| Feb 2024 | 1439300000.00 |
| May 2024 | 1295100000.00 |
| Aug 2024 | 1318500000.00 |
| Nov 2024 | 1316900000.00 |
| Feb 2025 | 1509000000.00 |
| May 2025 | 1427300000.00 |
2025
Paychex's annual revenue was $5.57 B in fiscal year 2025.
Paychex's quarterly revenue was $1.32 B(Q1: Aug 2024), $1.32 B(Q2: Nov 2024), $1.51 B(Q3: Feb 2025), $1.43 B(Q4: May 2025) in fiscal year 2025.
2024
Paychex's annual revenue was $5.28 B in fiscal year 2024.
Paychex's quarterly revenue was $1.29 B(Q1: Aug 2023), $1.26 B(Q2: Nov 2023), $1.44 B(Q3: Feb 2024), $1.30 B(Q4: May 2024) in fiscal year 2024.
2023
Paychex's annual revenue was $5.01 B in fiscal year 2023.
Paychex's quarterly revenue was $1.21 B(Q1: Aug 2022), $1.19 B(Q2: Nov 2022), $1.38 B(Q3: Feb 2023), $1.23 B(Q4: May 2023) in fiscal year 2023.
2022
Paychex's annual revenue was $4.61 B in fiscal year 2022.
Paychex's quarterly revenue was $1.08 B(Q1: Aug 2021), $1.11 B(Q2: Nov 2021), $1.28 B(Q3: Feb 2022), $1.14 B(Q4: May 2022) in fiscal year 2022.
2021
Paychex's annual revenue was $4.06 B in fiscal year 2021.
Paychex's quarterly revenue was $932.20 M(Q1: Aug 2020), $983.70 M(Q2: Nov 2020), $1.11 B(Q3: Feb 2021), $1.03 B(Q4: May 2021) in fiscal year 2021.
2020
Paychex's annual revenue was $4.04 B in fiscal year 2020.
Paychex's quarterly revenue was $992.00 M(Q1: Aug 2019), $990.70 M(Q2: Nov 2019), $1.14 B(Q3: Feb 2020), $915.10 M(Q4: May 2020) in fiscal year 2020.
2019
Paychex's annual revenue was $3.77 B in fiscal year 2019.
Paychex's quarterly revenue was $862.80 M(Q1: Aug 2018), $858.90 M(Q2: Nov 2018), $1.07 B(Q3: Feb 2019), $980.40 M(Q4: May 2019) in fiscal year 2019.
2018
Paychex's annual revenue was $3.38 B in fiscal year 2018.
Paychex's quarterly revenue was $816.80 M(Q1: Aug 2017), $826.50 M(Q2: Nov 2017), $866.50 M(Q3: Feb 2018), $871.10 M(Q4: May 2018) in fiscal year 2018.
2017
Paychex's annual revenue was $3.15 B in fiscal year 2017.
Paychex's quarterly revenue was $785.50 M(Q1: Aug 2016), $771.40 M(Q2: Nov 2016), $795.80 M(Q3: Feb 2017), $798.60 M(Q4: May 2017) in fiscal year 2017.
2016
Paychex's annual revenue was $2.95 B in fiscal year 2016.
Paychex's quarterly revenue was $723.00 M(Q1: Aug 2015), $722.40 M(Q2: Nov 2015), $752.60 M(Q3: Feb 2016), $753.90 M(Q4: May 2016) in fiscal year 2016.
Paychex's Revenue (Year-over-Year Change)
| 2015 | 0 |
|---|---|
| 2016 | +7.75 |
| 2017 | +6.75 |
| 2018 | +7.29 |
| 2019 | +11.58 |
| 2020 | +7.10 |
| 2021 | +0.40 |
| 2022 | +13.68 |
| 2023 | +8.57 |
| 2024 | +5.42 |
| 2025 | +5.56 |
| Q3: Feb 16 | 6.86 |
|---|---|
| Q4: May 16 | 8.91 |
| Q1: Aug 16 | 8.64 |
| Q2: Nov 16 | 6.78 |
| Q3: Feb 17 | 5.74 |
| Q4: May 17 | 5.93 |
| Q1: Aug 17 | 3.98 |
| Q2: Nov 17 | 7.14 |
| Q3: Feb 18 | 8.88 |
| Q4: May 18 | 9.08 |
| Q1: Aug 18 | 5.63 |
| Q2: Nov 18 | 3.92 |
| Q3: Feb 19 | 23.53 |
| Q4: May 19 | 12.55 |
| Q1: Aug 19 | 14.97 |
| Q2: Nov 19 | 15.35 |
| Q3: Feb 20 | 6.75 |
| Q4: May 20 | -6.66 |
| Q1: Aug 20 | -6.03 |
| Q2: Nov 20 | -0.71 |
| Q3: Feb 21 | -2.71 |
| Q4: May 21 | 12.47 |
| Q1: Aug 21 | 16.17 |
| Q2: Nov 21 | 12.69 |
| Q3: Feb 22 | 14.78 |
| Q4: May 22 | 11.18 |
| Q1: Aug 22 | 11.39 |
| Q2: Nov 22 | 7.38 |
| Q3: Feb 23 | 8.23 |
| Q4: May 23 | 7.45 |
| Q1: Aug 23 | 6.62 |
| Q2: Nov 23 | 5.68 |
| Q3: Feb 24 | 4.22 |
| Q4: May 24 | 5.33 |
| Q1: Aug 24 | 2.53 |
| Q2: Nov 24 | 4.69 |
| Q3: Feb 25 | 4.84 |
| Q4: May 25 | 10.21 |
2025
Paychex’s annual revenue increased +5.56% during fiscal year 2025 compared to 2024. It represents a growth of $293.40 M from $5.28 B (in 2024) to $5.57 B (in 2025).
2024
Paychex’s annual revenue increased +5.42% during fiscal year 2024 compared to 2023. It represents a growth of $271.20 M from $5.01 B (in 2023) to $5.28 B (in 2024).
2023
Paychex’s annual revenue increased +8.57% during fiscal year 2023 compared to 2022. It represents a growth of $395.40 M from $4.61 B (in 2022) to $5.01 B (in 2023).
2022
Paychex’s annual revenue increased +13.68% during fiscal year 2022 compared to 2021. It represents a growth of $554.90 M from $4.06 B (in 2021) to $4.61 B (in 2022).
2021
Paychex’s annual revenue increased +0.40% during fiscal year 2021 compared to 2020. It represents a growth of $16.30 M from $4.04 B (in 2020) to $4.06 B (in 2021).
2020
Paychex’s annual revenue increased +7.10% during fiscal year 2020 compared to 2019. It represents a growth of $268.00 M from $3.77 B (in 2019) to $4.04 B (in 2020).
2019
Paychex’s annual revenue increased +11.58% during fiscal year 2019 compared to 2018. It represents a growth of $391.60 M from $3.38 B (in 2018) to $3.77 B (in 2019).
2018
Paychex’s annual revenue increased +7.29% during fiscal year 2018 compared to 2017. It represents a growth of $229.60 M from $3.15 B (in 2017) to $3.38 B (in 2018).
2017
Paychex’s annual revenue increased +6.75% during fiscal year 2017 compared to 2016. It represents a growth of $199.40 M from $2.95 B (in 2016) to $3.15 B (in 2017).
2016
Paychex’s annual revenue increased +7.75% during fiscal year 2016 compared to 2015. It represents a growth of $212.30 M from $2.74 B (in 2015) to $2.95 B (in 2016).
Summary Table (Annual)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| 2025 | $5.57 B | +5.56% |
| 2024 | $5.28 B | +5.42% |
| 2023 | $5.01 B | +8.57% |
| 2022 | $4.61 B | +13.68% |
| 2021 | $4.06 B | +0.40% |
| 2020 | $4.04 B | +7.10% |
| 2019 | $3.77 B | +11.58% |
| 2018 | $3.38 B | +7.29% |
| 2017 | $3.15 B | +6.75% |
| 2016 | $2.95 B | +7.75% |
Summary Table (Quarterly)
| Period | Revenue | Year-over-Year Change |
|---|---|---|
| Q4: May 25 | $1.43 B | 10.21% |
| Q3: Feb 25 | $1.51 B | 4.84% |
| Q2: Nov 24 | $1.32 B | 4.69% |
| Q1: Aug 24 | $1.32 B | 2.53% |
| Q4: May 24 | $1.30 B | 5.33% |
| Q3: Feb 24 | $1.44 B | 4.22% |
| Q2: Nov 23 | $1.26 B | 5.68% |
| Q1: Aug 23 | $1.29 B | 6.62% |
| Q4: May 23 | $1.23 B | 7.45% |
| Q3: Feb 23 | $1.38 B | 8.23% |
| Q2: Nov 22 | $1.19 B | 7.38% |
| Q1: Aug 22 | $1.21 B | 11.39% |
| Q4: May 22 | $1.14 B | 11.18% |
| Q3: Feb 22 | $1.28 B | 14.78% |
| Q2: Nov 21 | $1.11 B | 12.69% |
| Q1: Aug 21 | $1.08 B | 16.17% |
| Q4: May 21 | $1.03 B | 12.47% |
| Q3: Feb 21 | $1.11 B | -2.71% |
| Q2: Nov 20 | $983.70 M | -0.71% |
| Q1: Aug 20 | $932.20 M | -6.03% |
| Q4: May 20 | $915.10 M | -6.66% |
| Q3: Feb 20 | $1.14 B | 6.75% |
| Q2: Nov 19 | $990.70 M | 15.35% |
| Q1: Aug 19 | $992.00 M | 14.97% |
| Q4: May 19 | $980.40 M | 12.55% |
| Q3: Feb 19 | $1.07 B | 23.53% |
| Q2: Nov 18 | $858.90 M | 3.92% |
| Q1: Aug 18 | $862.80 M | 5.63% |
| Q4: May 18 | $871.10 M | 9.08% |
| Q3: Feb 18 | $866.50 M | 8.88% |
| Q2: Nov 17 | $826.50 M | 7.14% |
| Q1: Aug 17 | $816.80 M | 3.98% |
| Q4: May 17 | $798.60 M | 5.93% |
| Q3: Feb 17 | $795.80 M | 5.74% |
| Q2: Nov 16 | $771.40 M | 6.78% |
| Q1: Aug 16 | $785.50 M | 8.64% |
| Q4: May 16 | $753.90 M | 8.91% |
| Q3: Feb 16 | $752.60 M | 6.86% |
