Paychex (PAYX) Operating Expenses (2009 - 2026)
Paychex (PAYX) posted Operating Expenses of $1.0 billion for Q2 2026, down 1.58% sequentially from $1.0 billion in Q1 2026, and little changed YoY from $996.2 million in Q2 2025.
Paychex (PAYX) Operating Expenses (2009 - 2026) Analysis & Trends
Paychex has reported Operating Expenses for 18 years, with the latest figure at $1.0 billion in Q2 2026.
- Quarterly Operating Expenses changed 0.46% year-over-year to $1.0 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $4.0 billion (up 18.95% YoY) and the FY2026 annual result came in at $4.0 billion, up 18.95% from the prior year.
- Operating Expenses declined to $1.0 billion in Q2 2026 per PAYX's latest filing, from $1.0 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.0 billion in Q1 2026 and troughed at $710.6 million in Q3 2022.
- A 5-year average of $828.2 million and a median of $777.6 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses climbed 29.32% in 2025, then grew 0.46% in 2026.
- Over 5 years, Operating Expenses stood at $718.0 million in 2022, then gained by 4.69% to $751.7 million in 2023, then increased by 3.61% to $778.8 million in 2024, then climbed by 26.57% to $985.7 million in 2025, then grew by 1.53% to $1.0 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.0 billion, $1.0 billion, and $985.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Paychex | 43.39 Bn | 42.27 Bn | 1.14 Bn | 1.00 Bn |
Historic Data
Download 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 |