Paychex (PAYX) Operating Expenses (2009 - 2026)
Paychex's (PAYX) quarterly Operating Expenses came in at $1.0 billion in Q2 2026, little changed year-over-year from $996.2 million in Q2 2025, and down 1.58% quarter-over-quarter from $1.0 billion in Q1 2026.
Analysis
Paychex (PAYX) Operating Expenses (2009 - 2026) Analysis & Trends
Paychex has disclosed Operating Expenses across 18 years of filings, most recently posting $1.0 billion for Q2 2026.
- In Q2 2026, Operating Expenses changed 0.46% year-over-year to $1.0 billion; the TTM figure through May 2026 stood at $4.0 billion (up 18.95% YoY), while the FY2026 annual figure was $4.0 billion, up 18.95% from the prior year.
- Operating Expenses came in at $1.0 billion for Q2 2026 at Paychex, down from $1.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.0 billion in Q1 2026 to a low of $710.6 million in Q3 2022.
- Average Operating Expenses over 5 years is $828.2 million, with a median of $777.6 million recorded in 2023.
- Year-over-year, Operating Expenses advanced 29.32% in 2025 and climbed 0.46% in 2026.
- Over 5 years, Operating Expenses stood at $718.0 million in 2022, then increased by 4.69% to $751.7 million in 2023, then climbed by 3.61% to $778.8 million in 2024, then gained by 26.57% to $985.7 million in 2025, then advanced by 1.53% to $1.0 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.0 billion in Q2 2026, $1.0 billion in Q1 2026, and $985.7 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Automatic Data Processing | 110.44 Bn | 106.21 Bn | 2.51 Bn | 4.34 Bn |
| 2 | Paychex | 43.28 Bn | 42.14 Bn | 1.19 Bn | 1.00 Bn |
| 3 | Paycom Software | 10.27 Bn | 10.07 Bn | 412.40 Mn | 362.70 Mn |
| 4 | Paylocity Holding | 8.11 Bn | 7.84 Bn | 300.38 Mn | 215.96 Mn |
| 5 | Kanzhun | 7.88 Bn | 5.57 Bn | 306.38 Mn | -227.34 Mn |
| 6 | Alight | 393.98 Mn | 180.98 Mn | 142.00 Mn | 182.00 Mn |
| 7 | Asure Software | 267.49 Mn | 247.81 Mn | 25.06 Mn | 27.45 Mn |
| 8 | Dhi | 194.97 Mn | 191.20 Mn | 25.04 Mn | 27.53 Mn |
| 9 | CXApp | 5.71 Mn | 5.71 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 1.00 Bn |
| Feb 28, 2026 | 1.02 Bn |
| Nov 30, 2025 | 985.70 Mn |
| Aug 31, 2025 | 998.10 Mn |
| May 31, 2025 | 996.20 Mn |
| Feb 28, 2025 | 817.20 Mn |
| Nov 30, 2024 | 778.80 Mn |
| Aug 31, 2024 | 771.80 Mn |
| May 31, 2024 | 813.30 Mn |
| Feb 29, 2024 | 789.50 Mn |
| Nov 30, 2023 | 751.70 Mn |
| Aug 31, 2023 | 749.70 Mn |
| May 31, 2023 | 776.30 Mn |
| Feb 28, 2023 | 769.10 Mn |
| Nov 30, 2022 | 718.00 Mn |
| Aug 31, 2022 | 710.60 Mn |
| May 31, 2022 | 750.30 Mn |
| Feb 28, 2022 | 713.20 Mn |
| Nov 30, 2021 | 668.20 Mn |
| Aug 31, 2021 | 640.00 Mn |