Filing Flows › Paychex (PAYX) › Q3 FY26
Paychex (PAYX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 26, 2026
Paychex (PAYX) reported revenue of $1.8B for the third quarter fiscal 2026 (Q3 FY26), +20% from a year earlier and +16% from the quarter before. Operating margin was 43.8%, net earnings $560M (31.0% of revenue).
Paychex, Q3 FY26: revenue $1.8B (+20% year over year), operating margin 43.8%, net earnings $560M, operating cash flow $812M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +16% | +20% |
| Operating profit | $792M | +38% | +14% |
| Net earnings | $560M | +42% | +8% |
| Operating cash flow | $812M | +83% | +13% |
| Free cash flow | $762M | +99% | +14% |
What changed
Revenue was $1.8B in Q3 FY26, up 20% year over year and up 16% from the previous quarter.
Operating profit was $0.79B, a 43.8% margin (down 2.1 points year over year). Of the extra revenue versus Q3 FY25, 33% reached operating profit, below the 46% margin then. Total costs grew 24% against revenue growth of 20%. The fastest-growing cost line was SG&A (+36%). Net earnings were $0.56B, up 8% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.81B (up 13% year over year), 145% 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 added $0.12B. Capital expenditures of $0.05B left free cash flow of $0.76B.
Questions
What was Paychex's revenue in the third quarter fiscal 2026?
Paychex (PAYX) reported revenue of $1.8B for the third quarter fiscal 2026 (Q3 FY26), +20% from a year earlier and +16% from the quarter before.
Was Paychex profitable in the third quarter fiscal 2026?
Operating profit was $792M (43.8% of revenue) and net earnings $560M.
Source: Paychex 10-Q on SEC EDGAR.