Paychex, Inc. income statement & cash flow
In the fiscal year ended May 31, 2026, Paychex, Inc. reported net income of $1.76B on revenue of $6.51B. Operating cash flow was $2.56B and capital expenditures were $234.90M, leaving $2.32B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | May 2017 | May 2018 | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.15B | $3.38B | $3.77B | $4.04B | $4.06B | $4.61B | $5.01B | $5.28B | $5.57B | $6.51B |
| Operating income | $1.25B | $1.29B | $1.37B | $1.46B | $1.46B | $1.84B | $2.03B | $2.17B | $2.21B | $2.51B |
| Net income | $826.30M | $994.10M | $1.03B | $1.10B | $1.10B | $1.39B | $1.56B | $1.69B | $1.66B | $1.76B |
| Diluted EPS | $2.28 | $2.75 | $2.86 | $3.04 | $3.03 | $3.84 | $4.30 | $4.67 | $4.58 | $4.89 |
| Operating cash flow | $960.40M | $1.28B | $1.27B | $1.44B | $1.26B | $1.59B | $1.71B | $1.90B | $1.90B | $2.56B |
| Capital expenditures | $94.30M | $154.00M | $123.80M | $127.00M | $118.40M | $133.80M | $143.00M | $161.40M | $191.80M | $234.90M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| May 2026 | — | 38.6% | 27.0% |
| May 2025 | — | 39.6% | 29.7% |
| May 2024 | — | 41.2% | 32.0% |
| May 2023 | — | 40.6% | 31.1% |
| May 2022 | — | 39.9% | 30.2% |
Source: SEC EDGAR XBRL company facts for CIK 723531 (raw data). Most recent filing in this dataset: 10-Q filed Sep 24, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.