Paychex (PAYX) Revenue — Quarter Ended Aug 31, 2024
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential growth was modest, while the year-over-year gain was slightly larger.
Key takeaway
Quarter ended Aug 31, 2024 · FY2025 Q1
Revenue for the quarter increased compared to the prior quarter and also rose relative to the same quarter last year. The sequential growth was modest, while the year-over-year gain was slightly larger.
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
+1.9%
Change from the immediately preceding quarter.
Year-over-year
+2.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
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 |
|---|---|---|
| Nov 30, 2023 | $1.2B | +4.9% |
| Feb 29, 2024 | $1.4B | +3.7% |
| May 31, 2024 | $1.3B | +4.3% |
| Aug 31, 2024 | $1.3B | +2.2% |
Revenue performance
The reported revenue direction was positive, with a sequential increase from the immediately preceding quarter. The year-over-year comparison also showed an improvement.
Quarterly comparison
Compared to the prior quarter, revenue edged higher. Versus the same quarter one year earlier, revenue also increased, with the annual change outpacing the sequential change.
What to watch
The filing context notes a decrease in the Federal Funds rate after the quarter end, which may influence interest-sensitive revenue streams.