Paychex (FRA:PCX) Total Operating Expense: €1,993 Mil (TTM As of May. 2026)


FRA:PCX Paychex Inc FRA:PCX
81 GF Score
Price €88.27
GF Value €137.84
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Paychex Total Operating Expense?

Paychex FRA:PCX +1.88% 81 Total Operating Expense is €1,993 Mil as of May. 2026. GuruFocus rates FRA:PCX with a GF Score™ of 81/100 and a GF Value™ of €137.84 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Paychex's Total Operating Expense for the three months ended in May. 2026 was €499 Mil. Paychex's Total Operating Expense for the trailing twelve months (TTM) ended in May. 2026 was €1,993 Mil.

Paychex Total Operating Expense Related Terms

Paychex Total Operating Expense Historical Data

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The historical data trend for Paychex's Total Operating Expense 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.

Paychex Total Operating Expense Chart

Paychex Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,338.97 1,399.32 1,503.03 1,617.53 1,991.91

Paychex Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 534.24 501.91 496.08 495.50 499.48
FRA:PCX
81GF Score
Paychex Inc FRA:PCX
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Paychex Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,993 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.

What does a Total Operating Expense of €1,993 Mil mean?
Paychex (FRA:PCX) has a Total Operating Expense of €1,993 Mil as of May. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Paychex and its competitors.
Is Paychex's Total Operating Expense too high?
Paychex's current Total Operating Expense is €1,993 Mil. Overall, Paychex has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paychex's Total Operating Expense compare to ROP and WDAY?
Paychex's Total Operating Expense of €1,993 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Software company?
A good Total Operating Expense depends on the Software industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Paychex and its competitors. Paychex's current Total Operating Expense is €1,993 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paychex stock overvalued right now?
Based on GuruFocus' analysis, Paychex (FRA:PCX) is currently considered Significantly Undervalued. The stock's GF Value™ is €137.84, compared to a current price of €88.27 — trading 36% below its estimated fair value. The current Total Operating Expense is €1,993 Mil. Paychex's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Paychex (FRA:PCX), the current Total Operating Expense is €1,993 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Paychex (FRA:PCX) Overvalued in 2026?

Based on GuruFocus' analysis, Paychex stock appears to be undervalued. The current stock price of €88.27 is trading 36% below its estimated GF Value™ of €137.84. GuruFocus considers Paychex to be Significantly Undervalued.

Key valuation signals for FRA:PCX:

  • Total Operating Expense: €1,993 Mil
  • GF Value™: €137.84 vs. price of €88.27 (36% below fair value)
  • GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the FRA:PCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Paychex Business Description

Address 911 Panorama Trail South, Rochester, NY, USA, 14625-2396
Paychex is a cloud-based human capital management provider offering payroll, compliance, talent management, benefits administration, and retirement services. The firm also provides HR outsourcing services, including professional employer organization, or PEO, offerings, enabling clients to reduce HR overhead. Paychex primarily targets small and midsize businesses, although its acquisition of Paycor in 2025 signals the firm's aspirations to expand into the midmarket segment, serving firms with more than 100 employees. As of fiscal 2025, Paychex has approximately 800,000 clients and manages payroll for one in 11 workers in the United States.
81GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€88.27
Price
€137.84
GF Value