Filing Flows › Paychex (PAYX) › Q1 FY27
Paychex (PAYX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 24, 2026
Paychex (PAYX) reported revenue of $1.6B for the first quarter fiscal 2027 (Q1 FY27), +6% from a year earlier and +2% from the quarter before. Operating margin was 38.0%, net earnings $430M (26.4% of revenue).
Paychex, Q1 FY27: revenue $1.6B (+6% year over year), operating margin 38.0%, net earnings $430M, operating cash flow $414M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +2% | +6% |
| Operating profit | $619M | +2% | +14% |
| Net earnings | $430M | +2% | +12% |
| Operating cash flow | $414M | -29% | -42% |
| Free cash flow | $357M | -31% | -46% |
What changed
Revenue was $1.6B in Q1 FY27, up 6% year over year and up 2% from the previous quarter.
Operating profit was $0.62B, a 38.0% margin (up 2.8 points year over year). Of the extra revenue versus Q1 FY26, 85% reached operating profit, above the 35% margin then. Total costs grew 1% against revenue growth of 6%. Net earnings were $0.43B, up 12% year over year. The effective tax rate was 23.9%.
Operating cash flow was $0.41B (down 42% year over year), 96% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.06B left free cash flow of $0.36B.
Questions
What was Paychex's revenue in the first quarter fiscal 2027?
Paychex (PAYX) reported revenue of $1.6B for the first quarter fiscal 2027 (Q1 FY27), +6% from a year earlier and +2% from the quarter before.
Was Paychex profitable in the first quarter fiscal 2027?
Operating profit was $619M (38.0% of revenue) and net earnings $430M.
Source: Paychex 10-Q on SEC EDGAR.