Paychex (PAYX) Revenue — Quarter Ended Feb 28, 2025
Revenue for the quarter increased compared to the prior year period. The sequential quarter also showed growth.
Key takeaway
Quarter ended Feb 28, 2025 · FY2025 Q3
Revenue for the quarter increased compared to the prior year period. The sequential quarter also showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+14.5%
Change from the immediately preceding quarter.
Year-over-year
+5.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
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 |
|---|---|---|
| May 31, 2024 | $1.3B | +4.3% |
| Aug 31, 2024 | $1.3B | +2.2% |
| Nov 30, 2024 | $1.3B | +4.4% |
| Feb 28, 2025 | $1.5B | +5.1% |
Revenue performance
The reported revenue rose from the same quarter one year earlier. The growth rate was higher than the increase seen in the immediately preceding quarter.
Quarterly comparison
Compared to the prior quarter, revenue improved. Versus the same quarter last year, revenue also increased, with the year-over-year change exceeding the prior quarter's year-over-year change.
What to watch
Total expenses rose from the prior year period, driven by higher PEO direct insurance costs and acquisition-related costs.