PAYX Q2 2023 Earnings — Paychex, Inc. Revenue & Financial Results | Market Cap Arena

PAYXPaychex, Inc.

$34B

Q2 2023 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$1.2B+7.4% YoY

Gross Profit

$831M69.8% margin

Operating Income

$472M39.7% margin

Net Income

$360M30.3% margin

EPS (Diluted)

$0.99

QoQ Revenue Growth

-1.3%

Cash Flow

Operating Cash Flow

$355M

Free Cash Flow

$320M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$9.2B

Total Liabilities

$6.0B

Stockholders' Equity

$3.2B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+7.4%
Gross Profit	$831M	$777M	+7.0%
Operating Income	$472M	$440M	+7.3%
Net Income	$360M	$332M	+8.5%

Revenue Segments

Management Solutions

$895M77%

Peo And Insurance Solutions

$273M23%