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

Paychex has disclosed Cost of Revenue across 8 years of filings, most recently posting $431.2 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $431.2 million, up 11.31% year-over-year; the trailing twelve-month figure through Feb 2026 was $1.7 billion (up 8.5% YoY), and the FY2025 annual result was $1.5 billion, up 4.13% from the prior year.
• Cost of Revenue came in at $431.2 million for Q1 2026 at Paychex, up from $412.2 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.
• The 5-year median for Cost of Revenue is $375.2 million (2024), against an average of $378.9 million.
• Across the five-year window, Cost of Revenue grew 14.0% in 2022 and advanced 1.34% in 2023, its largest moves.
• Paychex's 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 grew by 4.61% to $431.2 million in 2026.
• The last three Cost of Revenue figures came in at $431.2 million (Q1 2026), $412.2 million (Q4 2025), and $413.8 million (Q3 2025), per Business Quant data.