Filing Flows › Paychex (PAYX) › Q4 FY26 › vs Q4 FY25
Paychex (PAYX) Q4 FY26 vs Q4 FY25 (year over year)
Paychex's revenue rose $178M (+12%) from $1.4B in Q4 FY25 to $1.6B in Q4 FY26. Operating margin 37.7% against 30.2% (+7.5 pts).
Paychex, Q4 FY26: revenue $1.6B (+12% year over year), operating margin 37.7%, net earnings $421M, operating cash flow $581M. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Operating margin | 37.7% | 30.2% | +7.5 pts |
| Net margin | 26.2% | 20.8% | +5.4 pts |
| Free cash flow margin | 32.1% | 19.8% | +12.2 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $1.6B | $1.4B | $178M | +12% |
| Operating profit | $605M | $431M | $174M | +40% |
| Costs & expenses | $1.0B | $996M | $4.6M | +0.5% |
| Pre-tax earnings | $554M | $389M | $165M | +42% |
| Other expense, net | $50.5M | $41.8M | $8.7M | +21% |
| Cost of revenue | $417M | $394M | $23.4M | +6% |
| SG&A | $584M | $602M | −$18.8M | -3% |
| Net earnings | $421M | $297M | $123M | +42% |
| Income tax | $134M | $92.1M | $41.5M | +45% |
| Depreciation & amortization | $113M | $85.7M | $27.5M | +32% |
| Share-based compensation | $20.7M | $61.3M | −$40.6M | -66% |
| Working capital & other | $26.4M | −$100M | $127M | — |
| Operating cash flow | $581M | $344M | $237M | +69% |
| Free cash flow (OCF − capex) | $515M | $283M | $232M | +82% |
| Capital expenditures | $65.9M | $60.5M | $5.4M | +9% |
Questions
How much did Paychex's revenue grow year over year in Q4 FY26?
Paychex's revenue rose $178M (+12%) from $1.4B in Q4 FY25 to $1.6B in Q4 FY26. Operating margin 37.7% against 30.2% (+7.5 pts).