PAYX Q1 2024 Earnings — Paychex, Inc. Revenue & Financial Results | Market Cap Arena

PAYXPaychex, Inc.

$34B

Q1 2024 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$1.3B+6.6% YoY

Gross Profit

$926M72.0% margin

Operating Income

$536M41.7% margin

Net Income

$419M32.6% margin

EPS (Diluted)

$1.16

QoQ Revenue Growth

+4.6%

Cash Flow

Operating Cash Flow

$656M

Free Cash Flow

$617M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$12.2B

Total Liabilities

$8.6B

Stockholders' Equity

$3.6B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.2B	+6.6%
Gross Profit	$926M	$855M	+8.3%
Operating Income	$536M	$496M	+8.2%
Net Income	$419M	$379M	+10.5%

Revenue Segments

Management Solutions

$956M76%

Peo And Insurance Solutions

$298M24%