# Paychex, Inc. (PAYX) FY2025 Q1 P&L / Income Statement

- Company: Paychex, Inc. (PAYX)
- Period: 2024-06-01 to 2024-08-31
- Filing: Q1 FY2025 10-Q, filed 2024-10-01, accession number 0000950170-24-110834
- Page: https://plicit.ai/financials/payx/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/payx-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2024-06-01 through 2024-08-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenue**: 1,318,500,000 US dollars
- **Cost of service revenue**: 380,000,000 US dollars
- **Gross profit (calculated)**: 938,500,000 US dollars
- **Operating expenses (calculated)**: 391,800,000 US dollars
- **Operating income**: 546,700,000 US dollars
- **Other income (expense), net (calculated)**: 10,400,000 US dollars
- **Income before income taxes**: 557,100,000 US dollars
- **Income taxes**: 129,700,000 US dollars
- **Net income**: 427,400,000 US dollars
- **Interest on funds held for clients**: 37,500,000 US dollars
- **Management Solutions**: 961,700,000 US dollars
- **PEO And Insurance Solutions**: 319,300,000 US dollars
- **Selling, general and administrative expenses**: 391,800,000 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.