Paychex, Inc. (PAYX) FY2024 Annual P&L / Income Statement

Paychex, Inc. (PAYX) FY2024 Annual P&L / Income Statement

Income statement for 2023-06-01 through 2024-05-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenue

5,278,300,000 US dollars

Cost of service revenue

1,479,300,000 US dollars

Gross profit (calculated)

3,799,000,000 US dollars

Operating expenses (calculated)

1,624,900,000 US dollars

Operating income

2,174,100,000 US dollars

Other income (expense), net (calculated)

43,900,000 US dollars

Income before income taxes

2,218,000,000 US dollars

Income taxes

527,600,000 US dollars

Net income

1,690,400,000 US dollars

Interest on funds held for clients

146,300,000 US dollars

Management Solutions

3,866,400,000 US dollars

PEO And Insurance Solutions

1,265,600,000 US dollars

Selling, general and administrative expenses

1,624,900,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.