Paychex Historical Income Statement
| PAYX Stock | USD 139.54 1.73 1.26% |
Historical analysis of Paychex income statement accounts such as Other Operating Expenses of 3.3 B, Operating Income of 2.3 B, EBIT of 2.3 B or Ebitda of 2.5 B can show how well Paychex performed in making a profits. Evaluating Paychex income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Paychex's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Paychex latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Paychex is a good buy for the upcoming year.
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About Paychex Income Statement Analysis
Paychex Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Paychex shareholders. The income statement also shows Paychex investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Paychex Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Paychex generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Paychex minus its cost of goods sold. It is profit before Paychex operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Paychex. It is also known as Paychex overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Paychex operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Paychex is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Paychex financial statement analysis. It represents the amount of money remaining after all of Paychex operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Paychex's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Paychex current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.At this time, Paychex's Income Before Tax is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 46.1 M in 2024, whereas Net Income From Continuing Ops is likely to drop slightly above 1 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.3B | 3.6B | 3.8B | 4.0B | Total Revenue | 4.6B | 5.0B | 5.3B | 5.5B |
Paychex income statement Correlations
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Paychex Account Relationship Matchups
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Paychex income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 206.3K | 192M | 191.8M | 176.6M | 176.5M | 185.3M | |
| Interest Expense | 38.8M | 35.8M | 36.6M | 36.7M | 37.3M | 39.2M | |
| Total Revenue | 4.0B | 4.1B | 4.6B | 5.0B | 5.3B | 5.5B | |
| Gross Profit | 2.8B | 2.8B | 3.3B | 3.6B | 3.8B | 4.0B | |
| Other Operating Expenses | 2.6B | 2.6B | 2.8B | 3.0B | 3.1B | 3.3B | |
| Operating Income | 1.5B | 1.5B | 1.8B | 2.0B | 2.2B | 2.3B | |
| Ebit | 1.7B | 1.5B | 1.8B | 2.0B | 2.2B | 2.3B | |
| Ebitda | 1.7B | 1.7B | 2.0B | 2.2B | 2.4B | 2.5B | |
| Cost Of Revenue | 1.3B | 1.3B | 1.4B | 1.5B | 1.5B | 1.6B | |
| Total Operating Expenses | 1.3B | 1.3B | 1.4B | 1.5B | 1.6B | 1.7B | |
| Income Before Tax | 1.4B | 1.4B | 1.8B | 2.0B | 2.2B | 2.3B | |
| Total Other Income Expense Net | (23.4M) | (26.5M) | (15.4M) | 15.1M | 43.9M | 46.1M | |
| Net Income | 1.1B | 1.1B | 1.4B | 1.6B | 1.7B | 1.8B | |
| Income Tax Expense | 339M | 336.7M | 431.8M | 490.9M | 527.6M | 554.0M | |
| Selling General Administrative | 1.3B | 1.3B | 1.4B | 1.5B | 1.6B | 1.7B | |
| Net Income Applicable To Common Shares | 1.1B | 1.1B | 1.4B | 1.6B | 1.8B | 1.9B | |
| Net Income From Continuing Ops | 1.1B | 1.1B | 1.4B | 1.6B | 1.7B | 1.0B | |
| Tax Provision | 339M | 336.7M | 431.8M | 490.9M | 527.6M | 443.2M | |
| Net Interest Income | (26.5M) | (33.5M) | (33.7M) | 12.4M | 45.4M | 47.7M | |
| Interest Income | 12.3M | 2.3M | 2.9M | 49.1M | 82.7M | 86.8M | |
| Reconciled Depreciation | 209.7M | 192M | 191.8M | 176.6M | 176.5M | 191.5M |
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When running Paychex's price analysis, check to measure Paychex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paychex is operating at the current time. Most of Paychex's value examination focuses on studying past and present price action to predict the probability of Paychex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paychex's price. Additionally, you may evaluate how the addition of Paychex to your portfolios can decrease your overall portfolio volatility.