Paychex (PAYX) Operating Expenses (2009 - 2026)

Paychex (PAYX) reported Operating Expenses of $1.0 billion for Q2 2026, little changed on a YoY basis from $996.2 million in Q2 2025, and down 1.58% sequentially from $1.0 billion in Q1 2026.

Paychex (PAYX) Operating Expenses (2009 - 2026) Analysis & Trends

Paychex (PAYX) has 18 years of Operating Expenses data on file, last reported at $1.0 billion in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses changed 0.46% year-over-year to $1.0 billion; the trailing twelve-month figure through May 2026 stood at $4.0 billion (up 18.95% YoY), and the FY2026 full-year result was $4.0 billion, up 18.95% from the prior year.
  • Operating Expenses declined to $1.0 billion in Q2 2026, 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.
  • A 5-year average of $828.2 million and a median of $777.6 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses gained 29.32% in 2025 and advanced 0.46% in 2026, its largest moves.
  • Tracing PAYX's Operating Expenses over 5 years: stood at $718.0 million in 2022, then grew by 4.69% to $751.7 million in 2023, then advanced by 3.61% to $778.8 million in 2024, then rose by 26.57% to $985.7 million in 2025, then gained by 1.53% to $1.0 billion in 2026.
  • Business Quant data shows PAYX's Operating Expenses at $1.0 billion in Q2 2026, $1.0 billion in Q1 2026, and $985.7 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Paychex 39.35 Bn 38.23 Bn 1.14 Bn 1.00 Bn

Historic Data

Download Data
DateValue
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