PAYX Q3 2023 Earnings — Paychex, Inc. Revenue & Financial Results | Market Cap Arena

PAYXPaychex, Inc.

$34B

Q3 2023 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$1.4B+8.2% YoY

Gross Profit

$1.0B73.0% margin

Operating Income

$612M44.3% margin

Net Income

$467M33.8% margin

EPS (Diluted)

$1.29

QoQ Revenue Growth

+16.0%

Cash Flow

Operating Cash Flow

$604M

Free Cash Flow

$573M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$10.6B

Total Liabilities

$7.2B

Stockholders' Equity

$3.4B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.3B	+8.2%
Gross Profit	$1.0B	$924M	+9.1%
Operating Income	$612M	$563M	+8.7%
Net Income	$467M	$431M	+8.5%

Revenue Segments

Management Solutions

$1.0B76%

Peo And Insurance Solutions

$321M24%