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

Paychex's Cost of Revenue history runs 8 years deep, the most recent figure standing at $431.2 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 11.31% year-over-year to $431.2 million; the TTM figure through Feb 2026 stood at $1.7 billion (up 8.5% YoY), while the FY2025 annual figure 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.
• A 5-year average of $378.9 million and a median of $375.2 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue increased 14.0% in 2022 and climbed 1.34% in 2023, its largest moves.
• Paychex's Cost of Revenue stood at $359.3 million in 2022, then advanced by 1.34% to $364.1 million in 2023, then gained by 4.12% to $379.1 million in 2024, then rose by 8.73% to $412.2 million in 2025, then increased by 4.61% to $431.2 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $431.2 million, $412.2 million, and $413.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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