Paychex's revenue for the
three
months ended in May. 2023 was $1,230 Mil.
Its revenue for the trailing twelve months (TTM) ended in May. 2023 was $5,007 Mil.
Paychex's Revenue per Share for the
three
months ended in May. 2023 was $3.39.
Its Revenue per Share for the trailing twelve months (TTM) ended in May. 2023 was $13.82.
Good Sign:
Paychex Inc has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Paychex was 8.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 7.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 7.60% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 7.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.
During the past 13 years, Paychex's highest 3-Year average Revenue per Share Growth Rate was 57.30% per year. The lowest was -13.20% per year. And the median was 11.20% per year.
Paychex Revenue Historical Data
The historical data trend for Paychex's Revenue 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.
* Premium members only.
Paychex Annual Data
Trend
May14
May15
May16
May17
May18
May19
May20
May21
May22
May23
Revenue
3,772.50
4,040.50
4,056.80
4,611.70
5,007.10
Paychex Quarterly Data
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Revenue
1,144.30
1,206.20
1,190.30
1,381.00
1,229.60
Competitive Comparison
For the Staffing & Employment Services subindustry, Paychex's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Paychex Revenue Distribution
For the Business Services industry and Industrials sector, Paychex's Revenue distribution charts can be found below:
* The bar in red indicates where Paychex's Revenue falls in comparison to its industry or sector. The grey bar indicates the Revenue's extreme value range as defined by GuruFocus.
Paychex Revenue Calculation
Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.
Revenue for the trailing twelve months (TTM) ended in May. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,007 Mil.
* 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.
Paychex (NAS:PAYX) Revenue Explanation
In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.
Peter Lynch categorized companies according to their revenue growth:
His favorite companies are stalwart, those growing between 10-20% a year.
Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.
Be Aware
Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.
Paychex Revenue Related Terms
Thank you for viewing the detailed overview of Paychex's Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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