Paychex (Paychex) Retained Earnings

: $2,186 Mil (As of Feb. 2024)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Paychex's retained earnings for the quarter that ended in Feb. 2024 was $2,186 Mil.

Paychex's quarterly retained earnings declined from Aug. 2023 ($2,101 Mil) to Nov. 2023 ($2,009 Mil) but then increased from Nov. 2023 ($2,009 Mil) to Feb. 2024 ($2,186 Mil).

Paychex's annual retained earnings increased from May. 2021 ($1,446 Mil) to May. 2022 ($1,670 Mil) and increased from May. 2022 ($1,670 Mil) to May. 2023 ($2,023 Mil).

Paychex Retained Earnings Historical Data

The historical data trend for Paychex's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Paychex Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Retained Earnings

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1,409.50

1,431.40

1,445.90

1,669.60

2,023.10

Paychex Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings	Get a 7-Day Free Trial															1,993.70	2,023.10	2,100.90	2,009.40	2,186.20

Paychex Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Paychex (NAS:PAYX) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Paychex (Paychex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (NAS:PAYX) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

911 Panorama Trail South, Rochester, NY, USA, 14625-2396

Website

https://www.paychex.com

Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 740,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.

Executives

Flaschen David J S	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Christopher C Simmons	officer: VP, Controller & Treasurer	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Michael E Gioja	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Efrain Rivera	officer: Sr. Vice President, CFO	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Martin Mucci	officer: Sr. Vice President	911 PANORAMA TRAIL S, ROCHESTER NY 14625
Joseph M Tucci	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Joseph M Velli	director
Elizabeth Roaldsen	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Karen E. Saunders-mcclendon	officer: VP, Chief Human Resources Offi	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Theresa M. Payton	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
John B Gibson	officer: Sr. VP, Service	CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Mark Anthony Bottini	officer: Sr. VP of Sales	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Robert L. Schrader	officer: VP/Controller	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Stephanie L Schaeffer	officer: Chief Legal Officer	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Joseph Doody	director	CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701