Filing Flows › Paychex (PAYX) › Q1 FY27 › vs Q1 FY26
Paychex (PAYX) Q1 FY27 vs Q1 FY26 (year over year)
Paychex's revenue rose $90.5M (+6%) from $1.5B in Q1 FY26 to $1.6B in Q1 FY27. Operating margin 38.0% against 35.2% (+2.8 pts).
Paychex, Q1 FY27: revenue $1.6B (+6% year over year), operating margin 38.0%, net earnings $430M, operating cash flow $414M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 38.0% | 35.2% | +2.8 pts |
| Net margin | 26.4% | 24.9% | +1.4 pts |
| Free cash flow margin | 21.9% | 43.0% | -21.1 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $90.5M | +6% |
| Operating profit | $619M | $542M | $77.3M | +14% |
| Costs & expenses | $1.0B | $998M | $13.2M | +1% |
| Pre-tax earnings | $565M | $498M | $67.5M | +14% |
| Other expense, net | $54.2M | $44.4M | $9.8M | +22% |
| Cost of revenue | $430M | $414M | $16.3M | +4% |
| SG&A | $581M | $584M | −$3.1M | -0.5% |
| Net earnings | $430M | $384M | $45.9M | +12% |
| Income tax | $135M | $114M | $21.6M | +19% |
| Depreciation & amortization | $110M | $109M | $500K | +0.5% |
| Share-based compensation | $19.3M | $26.8M | −$7.5M | -28% |
| Working capital & other | $145M | −$198M | $344M | — |
| Operating cash flow | $414M | $718M | −$305M | -42% |
| Free cash flow (OCF − capex) | $357M | $662M | −$305M | -46% |
| Capital expenditures | $56.1M | $55.9M | $200K | +0.4% |
Questions
How much did Paychex's revenue grow year over year in Q1 FY27?
Paychex's revenue rose $90.5M (+6%) from $1.5B in Q1 FY26 to $1.6B in Q1 FY27. Operating margin 38.0% against 35.2% (+2.8 pts).