Paychex: revenue, profit and dividends

In fiscal 2026, Paychex had revenue of $6.51B, up 8.2% a year on average since 2016, and net income of $1.76B (27.0% of revenue). Its dividend per share has gone up 15 years in a row, to $4.43.

Revenue, fiscal 2026

$6.51B+8.2% a year

average annual revenue growth since 2016 · +16.9% vs 2025

Net income, 2026

$1.76B

27.0% of revenue

Diluted EPS, 2026

$4.89

8.9% a year since 2016

Dividend per share, 2026

$4.43

raised 15 years in a row

Revenue growth, 5 years

9.9% a year

since 2021

Shares, 2026

360M

−0.7% since 2016

Free cash flow, 2026

$2.32B

$2.56B from operations − $235M capex

Ticker: PAYX · Nasdaq
Sector: Industrials
Sub-industry: Human Resource & Employment Services
Headquarters: Penfield, New York
Founded: 1971
In the S&P 500 since: October 1, 1998
Latest fiscal year: 2026, ended May 31, 2026
SEC filer: Paychex Inc · CIK 0000723531

Revenue and net income

Revenue went from $2.07B in 2008 to $6.51B in 2026.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $1.56 in 2008 to $4.89 in 2026. Ten-year growth: 8.9% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 15 years in a row, every year from 2012 to 2026. Ten-year growth: 10.2% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

0.7% fewer shares in 2026 than in 2016 (362M → 360M): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $2.32B in 2026, 35.7% of revenue.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2026	$6.51B	$1.76B	27.0%	$4.89	$4.43	360M	$2.56B	$235M	$2.32B
2025	$5.57B	$1.66B	29.7%	$4.58	$4.02	362M	$1.9B	$192M	$1.71B
2024	$5.28B	$1.69B	32.0%	$4.67	$3.65	362M	$1.9B	$161M	$1.74B
2023	$5.01B	$1.56B	31.1%	$4.30	$3.26	362M	$1.71B	$143M	$1.56B
2022	$4.61B	$1.39B	30.2%	$3.84	$2.77	363M	$1.59B	$134M	$1.46B
2021	$4.06B	$1.1B	27.1%	$3.03	$2.52	362M	$1.26B	$118M	$1.14B
2020	$4.04B	$1.1B	27.2%	$3.04	$2.48	361M	$1.44B	$127M	$1.31B
2019	$3.77B	$1.03B	27.4%	$2.86	$2.30	362M	$1.27B	$124M	$1.15B
2018	$3.38B	$994M	29.4%	$2.75	$2.06	362M	$1.28B	$154M	$1.12B
2017	$3.15B	$826M	26.2%	$2.28	$1.84	363M	$960M	$94.3M	$866M
2016	$2.95B	$757M	25.6%	$2.09	$1.68	362M	$1.02B	$97.7M	$920M
2015	$2.74B	$675M	24.6%	$1.85	$1.52	365M	$895M	$103M	$792M
2014	$2.52B	$628M	24.9%	$1.71	$1.40	366M	$881M	$84.1M	$797M
2013	$2.33B	$569M	24.5%	$1.56	$1.31	365M	$675M	$98.7M	$577M
2012	$2.23B	$548M	24.6%	$1.51	$1.27	363M	$707M	$89.6M	$617M
2011	$2.08B	$515M	24.7%	$1.42	$1.24	362M	$715M	$100M	$615M
2010	$2.0B	$477M	23.8%	$1.32	$1.24	362M	$611M	$61.3M	$550M
2009	$2.08B	$534M	25.6%	$1.48	$1.24	361M	$689M	$64.7M	$624M
2008	$2.07B	$576M	27.9%	$1.56	$1.20	370M	$725M	$82.3M	$642M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.

Other Human Resource & Employment Services companies

ADP

Automatic Data Processing

revenue $21.9B (2026)

All 83 Industrials companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.