Paychex (PAYX) Cost of Revenue (2019 - 2026)

Paychex has disclosed Cost of Revenue across 8 years of filings, most recently posting $417.3 million for Q2 2026.

• In Q2 2026, Cost of Revenue rose 5.94% year-over-year to $417.3 million; the TTM figure through May 2026 stood at $1.7 billion (up 8.71% YoY), while the FY2026 annual figure was $1.7 billion, up 8.71% from the prior year.
• Cost of Revenue came in at $417.3 million for Q2 2026 at Paychex, down from $431.2 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $431.2 million in Q1 2026 to a low of $351.0 million in Q3 2022.
• Average Cost of Revenue over 5 years is $381.1 million, with a median of $377.2 million recorded in 2024.
• Year-over-year, Cost of Revenue increased 14.0% in 2022 and climbed 1.34% in 2023.
• Over 5 years, Cost of Revenue stood at $359.3 million in 2022, then gained by 1.34% to $364.1 million in 2023, then rose by 4.12% to $379.1 million in 2024, then increased by 8.73% to $412.2 million in 2025, then increased by 1.24% to $417.3 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $417.3 million in Q2 2026, $431.2 million in Q1 2026, and $412.2 million in Q4 2025.