Paychex (PAYX) Revenue — Quarter Ended May 31, 2024
Revenue for the quarter declined compared to the immediately preceding quarter, but rose compared to the same quarter one year earlier. The sequential decrease contrasts with the year-over-year increase.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q4
Revenue for the quarter declined compared to the immediately preceding quarter, but rose compared to the same quarter one year earlier. The sequential decrease contrasts with the year-over-year increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
-9.9%
Change from the immediately preceding quarter.
Year-over-year
+4.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.1B
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 |
|---|---|---|
| Aug 31, 2023 | $1.3B | +5.5% |
| Nov 30, 2023 | $1.2B | +4.9% |
| Feb 29, 2024 | $1.4B | +3.7% |
| May 31, 2024 | $1.3B | +4.3% |
Revenue performance
The reported revenue moved lower from the prior quarter, while showing an increase relative to the same period a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Compared with the same quarter one year earlier, revenue increased.
What to watch
The sequential decline in revenue warrants attention given the year-over-year growth trend.