Filing Flows › Paychex (PAYX) › Q4 FY26
Paychex (PAYX) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jul 17, 2026
Paychex (PAYX) reported revenue of $1.6B for the fourth quarter fiscal 2026 (Q4 FY26), +12% from a year earlier and -11% from the quarter before. Operating margin was 37.7%, net earnings $421M (26.2% of revenue).
Paychex, Q4 FY26: revenue $1.6B (+12% year over year), operating margin 37.7%, net earnings $421M, operating cash flow $581M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -11% | +12% |
| Operating profit | $605M | -24% | +40% |
| Net earnings | $421M | -25% | +42% |
| Operating cash flow | $581M | -29% | +69% |
| Free cash flow | $515M | -32% | +82% |
What changed
Revenue was $1.6B in Q4 FY26, up 12% year over year and down 11% from the previous quarter.
Operating profit was $0.60B, a 37.7% margin (up 7.5 points year over year). Of the extra revenue versus Q4 FY25, 97% reached operating profit, above the 30% margin then. Total costs grew 0% against revenue growth of 12%. Net earnings were $0.42B, up 42% year over year. The effective tax rate was 24.1%.
Operating cash flow was $0.58B (up 69% year over year), 138% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.07B left free cash flow of $0.52B.
Questions
What was Paychex's revenue in the fourth quarter fiscal 2026?
Paychex (PAYX) reported revenue of $1.6B for the fourth quarter fiscal 2026 (Q4 FY26), +12% from a year earlier and -11% from the quarter before.
Was Paychex profitable in the fourth quarter fiscal 2026?
Operating profit was $605M (37.7% of revenue) and net earnings $421M.
Source: Paychex 10-K on SEC EDGAR.