Paychex (PAYX) Operating Expenses (2009 - 2026)

Paychex has disclosed Operating Expenses across 18 years of filings, most recently posting $1.0 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $1.0 billion, up 24.44% year-over-year; the trailing twelve-month figure through Feb 2026 was $4.0 billion (up 25.65% YoY), and the FY2025 annual result was $3.4 billion, up 8.37% from the prior year.
• Operating Expenses came in at $1.0 billion for Q1 2026 at Paychex, up from $985.7 million 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.
• The 5-year median for Operating Expenses is $776.3 million (2023), against an average of $818.0 million.
• Across the five-year window, Operating Expenses increased 2.65% in 2024 and gained 29.32% in 2025, its largest moves.
• Paychex's 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 climbed by 3.17% to $1.0 billion in 2026.
• The last three Operating Expenses figures came in at $1.0 billion (Q1 2026), $985.7 million (Q4 2025), and $998.1 million (Q3 2025), per Business Quant data.