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Paychex revenue increased from $3.4 billion in 2018 to $3.8 billion in 2019, a 11.6% increase.

Annual Revenue ($)

Paychex revenue was $3.77 b in FY, 2019 which is a 11.6% year over year increase from the previous period.

Quarterly Revenue ($)

FY, 2017FY, 2018FY, 2019
Revenue$3.15 b$3.38 b$3.77 b
Growth7%7.29%11.58%
Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020
Revenue$803.10 m$812.50 m$866.50 m$862.80 m$858.90 m$1.07 b$992 m$990.70 m$1.14 b

Annual Growth Rate (%)

Revenue Breakdown

Business Segment

Paychex revenue breakdown by business segment: 56.5% from Payroll Service, 41.9% from HRS and 1.6% from Other

FY, 2019FY, 2018FY, 2017
Payroll Service1.81 b1.78 b
HRS1.51 b1.32 b
Interest on Funds Held for Clients80.60 m63.50 m50.60 m
Management Solutions2.88 b
PEO and Insurance Services814.20 m

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