PAYX Q4 2023 Earnings — Paychex, Inc. Revenue & Financial Results | Market Cap Arena

PAYXPaychex, Inc.

$34B

Q4 2023 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$1.2B+7.5% YoY

Gross Profit

$860M69.9% margin

Operating Income

$453M36.9% margin

Net Income

$350M28.5% margin

EPS (Diluted)

$0.97

QoQ Revenue Growth

-11.0%

Cash Flow

Operating Cash Flow

$409M

Free Cash Flow

$363M

Stock-Based Comp.

$17M

Balance Sheet

Total Assets

$10.5B

Total Liabilities

$7.1B

Stockholders' Equity

$3.5B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.1B	+7.5%
Gross Profit	$860M	$784M	+9.6%
Operating Income	$453M	$394M	+15.1%
Net Income	$350M	$296M	+18.2%

Revenue Segments

Management Solutions

$905M75%

Peo And Insurance Solutions

$300M25%