Operating Income for Paychex (PAYX)
According to Paychex's latest reported financial statements, the company's current operating income (TTM) is $2.34B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PAYX
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$2.34B
YoY change
+1.5%
5Y CAGR
+8.6%
Peak year (2025)
$2.21B
Cumulative operating income
$27.53B
Operating Income history chart for Paychex (PAYX) from 1986 to 2025
Operating Income history table for Paychex (PAYX) from 1986 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $2.21B | +1.5% | ||
| 2024 | $2.17B | +6.9% | ||
| 2023 | $2.03B | +10.5% | ||
| 2022 | $1.84B | +26.0% | ||
| 2021 | $1.46B | +0.0% | ||
| 2020 | $1.46B | +6.5% | ||
| 2019 | $1.37B | +6.5% | ||
| 2018 | $1.29B | +3.9% | ||
| 2017 | $1.24B | +8.1% | ||
| 2016 | $1.15B | +8.8% | ||
| 2015 | $1.05B | +7.2% | ||
| 2014 | $982.70M | +8.6% | ||
| 2013 | $904.80M | +6.0% | ||
| 2012 | $853.90M | +8.6% | ||
| 2011 | $786.40M | +8.5% | ||
| 2010 | $724.79M | -10.0% | ||
| 2009 | $805.20M | -2.8% | ||
| 2008 | $828.27M | +18.1% | ||
| 2007 | $701.55M | +8.0% | ||
| 2006 | $649.75M | +21.7% | ||
| 2005 | $533.77M | +23.2% | ||
| 2004 | $433.31M | +8.0% | ||
| 2003 | $401.04M | +10.3% | ||
| 2002 | $363.69M | +8.0% | ||
| 2001 | $336.70M | +30.1% | ||
| 2000 | $258.89M | +38.1% | ||
| 1999 | $187.50M | +39.3% | ||
| 1998 | $134.60M | +39.3% | ||
| 1997 | $96.60M | +43.1% | ||
| 1996 | $67.50M | +32.4% | ||
| 1995 | $51.00M | +38.6% | ||
| 1994 | $36.80M | +38.3% | ||
| 1993 | $26.60M | +40.7% | ||
| 1992 | $18.90M | +42.1% | ||
| 1991 | $13.30M | +9.0% | ||
| 1990 | $12.20M | -14.1% | ||
| 1989 | $14.20M | +31.5% | ||
| 1988 | $10.80M | +6.9% | ||
| 1987 | $10.10M | +31.2% | ||
| 1986 | $7.70M | — |
Operating Income 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
In 2025, Paychex (PAYX) operating income totalled $2.21B – edged up 1.5% year-over-year.
Paychex operating income has grown for 15 consecutive years, with a +8.6% compound annual growth rate over 2020–2025 (5 years).
2025 marks the peak operating income at $2.21B, with the historical low of $7.70M recorded in 1986.
Within Industrials, Paychex (PAYX) ranks 8th among 8 peers we track. The peer median for operating income is $8.59B.
Paychex Operating Income by Year
Paychex Operating Income 2025: $2.21B
Paychex operating income in 2025 was $2.21B, edged up 1.5% from 2024. This figure represents the highest annual value in the available history.
Paychex Operating Income 2024: $2.17B
Paychex operating income in 2024 was $2.17B, grew 6.9% from 2023.
Paychex Operating Income 2023: $2.03B
Paychex operating income in 2023 was $2.03B, grew 10.5% from 2022.
Paychex Operating Income 2022: $1.84B
Paychex operating income in 2022 was $1.84B, grew 26.0% from 2021.
Paychex Operating Income 2021: $1.46B
Paychex operating income in 2021 was $1.46B.
See more financial history for Paychex (PAYX).
Sector peers — Operating Income
Companies in the same sector as Paychex, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $11.21B | Industrials |
| Union Pacific Corporation (UNP) | $9.84B | Industrials |
| RTX Corporation (RTX) | $8.89B | Industrials |
| GE Aerospace (GE) | $8.77B | Industrials |
| Deere & Company (DE) | $8.42B | Industrials |
| Honeywell International Inc. (HON) | $6.57B | Industrials |
| Eaton Corporation plc (ETN) | $5.23B | Industrials |
| The Boeing Company (BA) | -$5.42B | Industrials |
Frequently asked questions
What is Paychex's operating income?
- Latest reported operating income for Paychex (PAYX) is $2.34B (period ending February 28, 2026).
How has Paychex operating income changed year-over-year?
- Paychex (PAYX) operating income changed +1.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Paychex operating income?
- Paychex (PAYX) operating income compound annual growth rate is +8.6% over the most recent 5 years available.
When did Paychex operating income hit its highest annual value?
- Paychex operating income reached its highest annual value of $2.21B in 2025.
What was Paychex operating income in 2024?
- Paychex (PAYX) operating income in 2024 was $2.17B.
What was Paychex operating income in 2025?
- Paychex (PAYX) operating income in 2025 was $2.21B.
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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