PAYX Q2 2024 Earnings — Paychex, Inc. Revenue & Financial Results | Market Cap Arena

PAYXPaychex, Inc.

$34B

Q2 2024 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$1.3B+5.7% YoY

Gross Profit

$894M71.1% margin

Operating Income

$506M40.2% margin

Net Income

$393M31.2% margin

EPS (Diluted)

$1.08

QoQ Revenue Growth

-2.2%

Cash Flow

Operating Cash Flow

$311M

Free Cash Flow

$271M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$12.1B

Total Liabilities

$8.5B

Stockholders' Equity

$3.5B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.2B	+5.7%
Gross Profit	$894M	$831M	+7.6%
Operating Income	$506M	$472M	+7.2%
Net Income	$393M	$360M	+9.0%

Revenue Segments

Management Solutions

$931M76%

Peo And Insurance Solutions

$296M24%