Paychex (PAYX) Revenue — Quarter Ended Nov 30, 2025
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The growth was supported by higher compensation-related expenses and acquisition-related costs.
Key takeaway
Quarter ended Nov 30, 2025 · FY2026 Q2
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The growth was supported by higher compensation-related expenses and acquisition-related costs.
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
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+17.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
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, 2025 | $1.5B | +5.1% |
| May 31, 2025 | $1.4B | +10.0% |
| Aug 31, 2025 | $1.5B | +16.5% |
| Nov 30, 2025 | $1.5B | +17.4% |
Revenue performance
The reported revenue reflects an upward direction for the quarter. The sequential improvement was modest, while the year-over-year gain was substantial.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher. Relative to the same quarter one year earlier, revenue showed a strong increase.
What to watch
Monitor the impact of interest rate changes on the company's investment portfolio and expense trends.