Paychex
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Paychex's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $5,278,300,000. The net income raised on $1,690,400,000 and profit margin reached 32%. Total operating expenses were $1,624,900,000.
Profit Margin
| 2015 | 2.73B | 674.9M | 24.63% |
|---|---|---|---|
| 2016 | 2.95B | 756.8M | 25.64% |
| 2017 | 3.15B | 817.3M | 25.94% |
| 2018 | 3.38B | 933.7M | 27.62% |
| 2019 | 3.77B | 1.03B | 27.42% |
| 2020 | 4.04B | 1.09B | 27.18% |
| 2021 | 4.05B | 1.09B | 27.05% |
| 2022 | 4.61B | 1.39B | 30.2% |
| 2023 | 5.00B | 1.55B | 31.1% |
| 2024 | 5.27B | 1.69B | 32.03% |
PAYX Income Statement (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 5.27B | 5.00B | 4.61B | 4.05B | 4.04B | 3.77B | 3.38B | 3.15B | 2.95B | 2.73B |
Cost of revenue | 1.47B | 1.45B | 1.35B | 1.27B | 1.28B | 1.17B | 1.01B | 919.6M | 857.1M | 808M |
Gross profit | 3.79B | 3.55B | 3.25B | 2.78B | 2.75B | 2.59B | 2.36B | 2.23B | 2.09B | 1.93B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 1.62B | 1.52B | 1.41B | 1.32B | 1.29B | 1.22B | 1.07B | 992.1M | 948.2M | 878M |
Operating income | 2.17B | 2.03B | 1.84B | 1.46B | 1.46B | 1.37B | 1.28B | 1.23B | 1.14B | 1.05B |
Other income (expenses), net | 43.9M | 15.09M | -15.4M | -26.5M | -23.4M | -3.3M | 8.6M | -9.1M | 4.5M | 6.4M |
Income before tax | 2.21B | 2.04B | 1.82B | 1.43B | 1.43B | 1.36B | 1.29B | 1.24B | 1.15B | 1.06B |
Income tax expense | 527.6M | 490.9M | 431.8M | 336.7M | 339M | 333.6M | 362.4M | 427.5M | 394.3M | 385.1M |
Net income | 1.69B | 1.55B | 1.39B | 1.09B | 1.09B | 1.03B | 933.7M | 817.3M | 756.8M | 674.9M |
Earnings per share | ||||||||||
Basic EPS | 4.69 | 4.32 | 3.86 | 3.05 | 3.06 | 2.88 | 2.6 | 2.27 | 2.1 | 1.86 |
Diluted EPS | 4.67 | 4.3 | 3.84 | 3.03 | 3.04 | 2.86 | 2.58 | 2.25 | 2.09 | 1.85 |
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