Paychex PAYX
NASDAQ PAYX
$121.71 -3.37 (-2.69%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

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