PAYX Q1 2023 Earnings — Paychex, Inc. Revenue & Financial Results | Market Cap Arena

PAYXPaychex, Inc.

$34B

Q1 2023 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$1.2B+11.4% YoY

Gross Profit

$855M70.9% margin

Operating Income

$496M41.1% margin

Net Income

$379M31.4% margin

EPS (Diluted)

$1.05

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$364M

Free Cash Flow

$334M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$9.1B

Total Liabilities

$6.0B

Stockholders' Equity

$3.1B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+11.4%
Gross Profit	$855M	$770M	+11.0%
Operating Income	$496M	$443M	+11.9%
Net Income	$379M	$334M	+13.7%

Revenue Segments

Management Solutions

$906M76%

Peo And Insurance Solutions

$283M24%