Paychex (PAYX) Operating Expenses (2009 - 2026)

Paychex's Operating Expenses history runs 18 years deep, the most recent figure standing at $1.0 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 24.44% year-over-year to $1.0 billion; the TTM figure through Feb 2026 stood at $4.0 billion (up 25.65% YoY), while the FY2025 annual figure 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.
• A 5-year average of $818.0 million and a median of $776.3 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses rose 2.65% in 2024 and advanced 29.32% in 2025, its largest moves.
• Paychex's Operating Expenses stood at $718.0 million in 2022, then rose by 4.69% to $751.7 million in 2023, then grew by 3.61% to $778.8 million in 2024, then advanced by 26.57% to $985.7 million in 2025, then grew by 3.17% to $1.0 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $1.0 billion, $985.7 million, and $998.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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