Paychex (PAYX) Cost of Revenue (2019 - 2026)
Paychex's (PAYX) quarterly Cost of Revenue came in at $417.3 million in Q2 2026, up 5.94% year-over-year from $393.9 million in Q2 2025, and down 3.22% quarter-over-quarter from $431.2 million in Q1 2026.
Powered by 
Analysis
Paychex (PAYX) Cost of Revenue (2019 - 2026) Analysis & Trends
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 460.85 Bn | 451.55 Bn | 1.64 Bn | 296.87 Mn |
| 2 | Oracle | 437.09 Bn | 400.44 Bn | - | - |
| 3 | Sap Se | 258.74 Bn | 237.66 Bn | 8.40 Bn | 3.08 Bn |
| 4 | Salesforce | 195.52 Bn | 184.12 Bn | 8.70 Bn | 2.65 Bn |
| 5 | ServiceNow | 145.61 Bn | 140.94 Bn | 2.82 Bn | 1.17 Bn |
| 6 | Automatic Data Processing | 104.89 Bn | 100.66 Bn | 2.51 Bn | 2.96 Bn |
| 7 | Intuit | 76.97 Bn | 69.77 Bn | 3.46 Bn | 894.00 Mn |
| 8 | Relx | 60.41 Bn | 60.04 Bn | - | - |
| 9 | Strategy | 57.09 Bn | 54.64 Bn | 81.55 Mn | 40.82 Mn |
| 10 | Paychex | 37.16 Bn | 36.02 Bn | 1.19 Bn | 417.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 430.10 Mn |
| May 31, 2026 | 417.30 Mn |
| Feb 28, 2026 | 431.20 Mn |
| Nov 30, 2025 | 412.20 Mn |
| Aug 31, 2025 | 413.80 Mn |
| May 31, 2025 | 393.90 Mn |
| Feb 28, 2025 | 387.40 Mn |
| Nov 30, 2024 | 379.10 Mn |
| Aug 31, 2024 | 380.00 Mn |
| May 31, 2024 | 375.20 Mn |
| Feb 29, 2024 | 379.80 Mn |
| Nov 30, 2023 | 364.10 Mn |
| Aug 31, 2023 | 360.20 Mn |
| May 31, 2023 | 369.80 Mn |
| Feb 28, 2023 | 372.90 Mn |
| Nov 30, 2022 | 359.30 Mn |
| Aug 31, 2022 | 351.00 Mn |
| May 31, 2022 | 360.00 Mn |
| Feb 28, 2022 | 352.20 Mn |
| Nov 30, 2021 | 331.60 Mn |
API Access
Paychex Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PAYX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "PAYX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PAYX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();