Paychex (PAYX) Revenue — Quarter Ended Nov 30, 2024
Revenue for the quarter was essentially unchanged from the immediately preceding period, while it increased compared to the same quarter one year earlier. The company's top-line performance remained stable relative to the prior quarter.
Key takeaway
Quarter ended Nov 30, 2024 · FY2025 Q2
Revenue for the quarter was essentially unchanged from the immediately preceding period, while it increased compared to the same quarter one year earlier. The company's top-line performance remained stable relative to the prior quarter.
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
-0.0%
Change from the immediately preceding quarter.
Year-over-year
+4.4%
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 |
|---|---|---|
| Feb 29, 2024 | $1.4B | +3.7% |
| May 31, 2024 | $1.3B | +4.3% |
| Aug 31, 2024 | $1.3B | +2.2% |
| Nov 30, 2024 | $1.3B | +4.4% |
Revenue performance
Revenue was flat sequentially and rose year over year, indicating a continuation of growth from the prior year offset by a pause in the recent quarterly trend.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was flat. Relative to the same quarter one year earlier, revenue increased.
What to watch
Total expenses increased, led by higher PEO direct insurance costs, which should be monitored for their potential impact on margins.