Filing Flows › Paychex (PAYX) › Q1 FY27 › vs Q4 FY26
Paychex (PAYX) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Paychex's revenue rose $25.0M (+2%) from $1.6B in Q4 FY26 to $1.6B in Q1 FY27. Operating margin 38.0% against 37.7% (+0.3 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Operating margin | 38.0% | 37.7% | +0.3 pts |
| Net margin | 26.4% | 26.2% | +0.2 pts |
| Free cash flow margin | 21.9% | 32.1% | -10.2 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $25.0M | +2% |
| Operating profit | $619M | $605M | $14.5M | +2% |
| Costs & expenses | $1.0B | $1.0B | $10.5M | +1% |
| Pre-tax earnings | $565M | $554M | $10.8M | +2% |
| Other expense, net | $54.2M | $50.5M | $3.7M | +7% |
| Cost of revenue | $430M | $417M | $12.8M | +3% |
| SG&A | $581M | $584M | −$2.3M | -0.4% |
| Net earnings | $430M | $421M | $9.1M | +2% |
| Income tax | $135M | $134M | $1.7M | +1% |
| Depreciation & amortization | $110M | $113M | −$3.4M | -3% |
| Share-based compensation | $19.3M | $20.7M | −$1.4M | -7% |
| Working capital & other | $145M | −$26.4M | $172M | — |
| Operating cash flow | $414M | $581M | −$167M | -29% |
| Free cash flow (OCF − capex) | $357M | $515M | −$158M | -31% |
| Capital expenditures | $56.1M | $65.9M | −$9.8M | -15% |
Questions
How much did Paychex's revenue grow quarter over quarter in Q1 FY27?
Paychex's revenue rose $25.0M (+2%) from $1.6B in Q4 FY26 to $1.6B in Q1 FY27. Operating margin 38.0% against 37.7% (+0.3 pts).