TTM
$2.51B
YoY change
+13.7%
5Y CAGR
+11.4%
Peak year (FY2026)
$2.51B
Cumulative operating income
$30B
Operating Income history chart for Paychex (PAYX) from 2017 to 2026
Latest: $2.51B
Operating Income growth chart for Paychex (PAYX) from 2017 to 2026
Latest: +13.7%
Operating Income history table for Paychex (PAYX) from 1986 to 2026
| FY2026 | $2.51B | +13.7% | +$303M | ||
| FY2025 | $2.21B | +1.5% | +$33.6M | ||
| FY2024 | $2.17B | +6.9% | +$141M | ||
| FY2023 | $2.03B | +10.5% | +$193M | ||
| FY2022 | $1.84B | +26.0% | +$379M | ||
| FY2021 | $1.46B | +0.0% | +$200K | ||
| FY2020 | $1.46B | +6.5% | +$89.2M | ||
| FY2019 | $1.37B | +6.5% | +$83.8M | ||
| FY2018 | $1.29B | +3.9% | +$47.9M | ||
| FY2017 | $1.24B | +8.1% | +$93M | ||
| FY2016 | $1.15B | +8.8% | +$93M | ||
| FY2015 | $1.05B | +7.2% | +$70.9M | ||
| FY2014 | $983M | +8.6% | +$77.9M | ||
| FY2013 | $905M | +6.0% | +$50.9M | ||
| FY2012 | $854M | +8.6% | +$67.5M | ||
| FY2011 | $786M | +8.5% | +$61.6M | ||
| FY2010 | $725M | -10.0% | -$80.4M | ||
| FY2009 | $805M | -2.8% | -$23.1M | ||
| FY2008 | $828M | +18.1% | +$127M | ||
| FY2007 | $702M | +8.0% | +$51.8M | ||
| FY2006 | $650M | +21.7% | +$116M | ||
| FY2005 | $534M | +23.2% | +$100M | ||
| FY2004 | $433M | +8.0% | +$32.3M | ||
| FY2003 | $401M | +10.3% | +$37.3M | ||
| FY2002 | $364M | +8.0% | +$27M | ||
| FY2001 | $337M | +30.1% | +$77.8M | ||
| FY2000 | $259M | +38.1% | +$71.4M | ||
| FY1999 | $188M | +39.3% | +$52.9M | ||
| FY1998 | $135M | +39.3% | +$38M | ||
| FY1997 | $96.6M | +43.1% | +$29.1M | ||
| FY1996 | $67.5M | +32.4% | +$16.5M | ||
| FY1995 | $51M | +38.6% | +$14.2M | ||
| FY1994 | $36.8M | +38.3% | +$10.2M | ||
| FY1993 | $26.6M | +40.7% | +$7.7M | ||
| FY1992 | $18.9M | +42.1% | +$5.6M | ||
| FY1991 | $13.3M | +9.0% | +$1.1M | ||
| FY1990 | $12.2M | -14.1% | -$2M | ||
| FY1989 | $14.2M | +31.5% | +$3.4M | ||
| FY1988 | $10.8M | +6.9% | +$700K | ||
| FY1987 | $10.1M | +31.2% | +$2.4M | ||
| FY1986 | $7.7M | — | — |
- FY2026$2.51B+13.7%
- FY2025$2.21B+1.5%
- FY2024$2.17B+6.9%
- FY2023$2.03B+10.5%
- FY2022$1.84B+26.0%
- FY2021$1.46B+0.0%
- FY2020$1.46B+6.5%
- FY2019$1.37B+6.5%
- FY2018$1.29B+3.9%
- FY2017$1.24B+8.1%
- FY2016$1.15B+8.8%
- FY2015$1.05B+7.2%
- FY2014$983M+8.6%
- FY2013$905M+6.0%
- FY2012$854M+8.6%
- FY2011$786M+8.5%
- FY2010$725M-10.0%
- FY2009$805M-2.8%
- FY2008$828M+18.1%
- FY2007$702M+8.0%
- FY2006$650M+21.7%
- FY2005$534M+23.2%
- FY2004$433M+8.0%
- FY2003$401M+10.3%
- FY2002$364M+8.0%
- FY2001$337M+30.1%
- FY2000$259M+38.1%
- FY1999$188M+39.3%
- FY1998$135M+39.3%
- FY1997$96.6M+43.1%
- FY1996$67.5M+32.4%
- FY1995$51M+38.6%
- FY1994$36.8M+38.3%
- FY1993$26.6M+40.7%
- FY1992$18.9M+42.1%
- FY1991$13.3M+9.0%
- FY1990$12.2M-14.1%
- FY1989$14.2M+31.5%
- FY1988$10.8M+6.9%
- FY1987$10.1M+31.2%
- FY1986$7.7M—
Operating Income values are taken from Paychex's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Paychex (PAYX)
According to Paychex's latest reported financial statements, the company's current operating income (TTM) is $2.51B. 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 .
In 2026, Paychex (PAYX) operating income totalled $2.51B – grew 13.7% year-over-year.
Paychex operating income has grown for 16 consecutive years, with a +11.4% compound annual growth rate over 2021–2026 (5 years).
2026 marks the peak operating income at $2.51B, with the historical low of $7.7M recorded in 1986.
Paychex Operating Income by Year
Paychex Operating Income 2026: $2.51B
2026's operating income for Paychex came in at $2.51B, grew 13.7% from 2025. This figure represents the highest annual value in the available history.
Paychex Operating Income 2025: $2.21B
Paychex posted operating income of $2.21B in 2025, edged up 1.5% from 2024.
Paychex Operating Income 2024: $2.17B
In 2024, Paychex reported operating income of $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.
See more financial history for Paychex (PAYX).
Sector peers by Operating Income
Industrials peers of Paychex (PAYX), ranked by their latest operating income
| $11.2B | |
| $9.84B | |
| $9.3B | |
| $8.77B | |
| $8.42B | |
| $5.23B | |
| -$2.59B | |
| -$5.42B |
- $11.2B
- $9.84B
- $9.3B
- $8.77B
- $8.42B
- $5.23B
- -$2.59B
- -$5.42B
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- Buybacks1.67% TTM
- Dividend Profile3.72% yield
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- Stock Split History10 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.