Paychex (PAYX) Revenue — Quarter Ended Nov 30, 2023
Revenue decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The company's filing notes risk factors and liquidity considerations that could affect future results.
Key takeaway
Quarter ended Nov 30, 2023 · FY2024 Q2
Revenue decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier. The company's filing notes risk factors and liquidity considerations that could affect future results.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-2.1%
Change from the immediately preceding quarter.
Year-over-year
+4.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Feb 28, 2023 | $1.3B | +6.7% |
| May 31, 2023 | $1.2B | +6.6% |
| Aug 31, 2023 | $1.3B | +5.5% |
| Nov 30, 2023 | $1.2B | +4.9% |
Revenue performance
The reported revenue declined sequentially, reflecting a lower figure than the prior three-month period.
Quarterly comparison
Compared to the same quarter a year ago, revenue was higher, continuing a pattern of year-over-year growth. However, the rate of year-over-year increase has decelerated in each of the last four quarters.
What to watch
Monitor whether the deceleration in year-over-year revenue growth continues in upcoming periods.