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How Paychex, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$6.3B · 100%Cost of revenue$1.7B · 27%Gross profit$4.6B · 73%Operating income$2.5B · 40%Income before tax$2.3B · 37%Income tax$551M · 9%Net income$1.8B · 28%As of 2026-05-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$6.3B100%
Cost of revenue$1.7B27%
$4.6B73%
$2.5B40%
Income before tax$2.3B37%
Income tax$551M9%
$1.8B28%
Source: · event May 31, 2026 · retrieved Oct 15, 2026 · annual-row source set
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