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

- Company: Paychex, Inc. (PAYX)
- Period: 2023-06-01 to 2024-05-31
- Filing: FY2024 10-K, filed 2024-07-11, accession number 0000950170-24-082958
- Page: https://plicit.ai/financials/payx/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/payx-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.