Gross Profit for Paychex (PAYX)
According to Paychex's latest reported financial statements, the company's current gross profit (TTM) is $4.68B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PAYX
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$4.68B
YoY change
+6.1%
5Y CAGR
+7.9%
Peak year (2025)
$4.03B
Cumulative gross profit
$51.68B
Gross Profit history chart for Paychex (PAYX) from 1986 to 2025
Gross Profit history table for Paychex (PAYX) from 1986 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $4.03B | +6.1% | ||
| 2024 | $3.80B | +6.9% | ||
| 2023 | $3.55B | +9.2% | ||
| 2022 | $3.26B | +16.9% | ||
| 2021 | $2.79B | +0.9% | ||
| 2020 | $2.76B | +6.4% | ||
| 2019 | $2.59B | +9.8% | ||
| 2018 | $2.36B | +5.9% | ||
| 2017 | $2.23B | +6.5% | ||
| 2016 | $2.09B | +8.4% | ||
| 2015 | $1.93B | +8.1% | ||
| 2014 | $1.79B | +7.9% | ||
| 2013 | $1.65B | +6.8% | ||
| 2012 | $1.55B | +8.3% | ||
| 2011 | $1.43B | +6.2% | ||
| 2010 | $1.35B | -3.9% | ||
| 2009 | $1.40B | -0.2% | ||
| 2008 | $1.41B | +10.5% | ||
| 2007 | $1.27B | +14.1% | ||
| 2006 | $1.11B | -0.1% | ||
| 2005 | $1.12B | +12.6% | ||
| 2004 | $990.91M | +25.7% | ||
| 2003 | $788.38M | +7.4% | ||
| 2002 | $734.21M | +9.7% | ||
| 2001 | $669.50M | +13.3% | ||
| 2000 | $591.12M | +23.6% | ||
| 1999 | $478.20M | +22.9% | ||
| 1998 | $389.20M | +27.1% | ||
| 1997 | $306.10M | +26.3% | ||
| 1996 | $242.40M | +21.4% | ||
| 1995 | $199.60M | +19.4% | ||
| 1994 | $167.20M | +19.4% | ||
| 1993 | $140.00M | +18.7% | ||
| 1992 | $117.90M | +23.5% | ||
| 1991 | $95.50M | +15.8% | ||
| 1990 | $82.50M | +15.2% | ||
| 1989 | $71.60M | +38.0% | ||
| 1988 | $51.90M | +13.8% | ||
| 1987 | $45.60M | +28.5% | ||
| 1986 | $35.50M | — |
Gross Profit values are taken from Paychex's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Paychex (PAYX) most recent annual gross profit stands at $4.03B (2025) – grew 6.1% year-over-year.
Paychex gross profit compound annual growth for the 2020–2025 (5 years) window is +7.9%, sustaining 15 straight years of year-over-year growth.
2025 marks the peak gross profit at $4.03B, with the historical low of $35.50M recorded in 1986.
Paychex (PAYX) sits 9th of 8 Industrials peers we track on this metric, against a peer median of $15.42B.
Paychex Gross Profit by Year
Paychex Gross Profit 2025: $4.03B
Paychex gross profit in 2025 was $4.03B, grew 6.1% from 2024. This figure represents the highest annual value in the available history.
Paychex Gross Profit 2024: $3.80B
Paychex gross profit in 2024 was $3.80B, grew 6.9% from 2023.
Paychex Gross Profit 2023: $3.55B
Paychex gross profit in 2023 was $3.55B, grew 9.2% from 2022.
Paychex Gross Profit 2022: $3.26B
Paychex gross profit in 2022 was $3.26B, grew 16.9% from 2021.
Paychex Gross Profit 2021: $2.79B
Paychex gross profit in 2021 was $2.79B.
See more financial history for Paychex (PAYX).
Sector peers — Gross Profit
Companies in the same sector as Paychex, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $21.86B | Industrials |
| RTX Corporation (RTX) | $17.79B | Industrials |
| GE Aerospace (GE) | $16.89B | Industrials |
| Deere & Company (DE) | $16.30B | Industrials |
| Union Pacific Corporation (UNP) | $14.55B | Industrials |
| Honeywell International Inc. (HON) | $13.83B | Industrials |
| Eaton Corporation plc (ETN) | $10.32B | Industrials |
| The Boeing Company (BA) | $4.29B | Industrials |
Frequently asked questions
What is Paychex's gross profit?
- Latest reported gross profit for Paychex (PAYX) is $4.68B (period ending February 28, 2026).
How has Paychex gross profit changed year-over-year?
- Paychex (PAYX) gross profit changed +6.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Paychex gross profit?
- Paychex (PAYX) gross profit compound annual growth rate is +7.9% over the most recent 5 years available.
When did Paychex gross profit hit its highest annual value?
- Paychex gross profit reached its highest annual value of $4.03B in 2025.
What was Paychex gross profit in 2024?
- Paychex (PAYX) gross profit in 2024 was $3.80B.
What was Paychex gross profit in 2025?
- Paychex (PAYX) gross profit in 2025 was $4.03B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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