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Paychex Inc   (PAYX)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 

PAYX's Operating Income Growth by Quarter and Year

Paychex Inc 's Operating Income results by quarter and year




PAYX Operating Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter May - 453.30 394.00 353.80
III Quarter February - 611.90 562.80 468.60
II Quarter November 506.20 472.30 440.30 354.30
I Quarter August 536.30 495.60 442.90 284.00
FY   1,042.50 2,033.10 1,840.00 1,460.70



PAYX Operating Income second quarter 2024 Y/Y Growth Comment
Paychex Inc reported Operating Income growth of 7.18% year on year in the second quarter 2024, to $ 506.20 millions, this is lower than Paychex Inc 's recent average Operating Income growth of 8.25%.

According to the results reported in the second quarter 2024, Paychex Inc achieved the best Operating Income growth in Professional Services industry. While Paychex Inc ' s Operating Income increase of 7.18% ranks overall at the positon no. 6 in the second quarter 2024.

Explain Operating Income growth


PAYX Operating Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter May - 15.05 % 11.36 % 18.09 %
III Quarter February - 8.72 % 20.1 % -0.32 %
II Quarter November 7.18 % 7.27 % 24.27 % 3.69 %
I Quarter August 8.21 % 11.9 % 55.95 % -18.65 %
FY   - 10.49 % 25.97 % 0.01 %

Financial Statements
Paychex Inc 's second quarter 2024 Operating Income $ 506.20 millions PAYX's Income Statement
Paychex Inc 's second quarter 2023 Operating Income $ 472.30 millions Quarterly PAYX's Income Statement
New: More PAYX's historic Operating Income Growth >>


PAYX Operating Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter May - -25.92 % -29.99 % -24.5 %
III Quarter February - 29.56 % 27.82 % 32.26 %
II Quarter November -5.61 % -4.7 % -0.59 % 24.75 %
I Quarter August 18.31 % 25.79 % 25.18 % -5.21 %
FY (Year on Year)   - 10.49 % 25.97 % 0.01 %




Operating Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Professional Services Industry #1
Services Sector #1
Overall #6

Operating Income Y/Y Growth Statistics
High Average Low
30.75 % 8.25 % -12.45 %
(Feb. 26, 2006)   (Feb. 26, 2010)
Operating Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Professional Services Industry #1
Services Sector #1
Overall #6
Operating Income Y/Y Growth Statistics
High Average Low
30.75 % 8.25 % -12.45 %
(Feb. 26, 2006)   (Feb. 26, 2010)

Operating Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Paychex Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
47.98 % 3.07 % -36.27 %
(Aug. 31, 2004)  


PAYX's II. Quarter Q/Q Operating Income Comment
In the II. Quarter 2024 Paychex Inc disclosed decline in Operating Income from the first quarter by -5.61% to $ 506.20 millions, from $ 536.30 millions declared a quarter before.

This is not huge issue, as II. Quarter Operating Income frequently seem to plunge in the II. Quarter Addison Jones, market contributor told.

Within Professional Services industry Paychex Inc achieved highest sequential Operating Income growth. While Paychex Inc 's Operating Income growth quarter on quarter, overall rank is 4.


Operating Income Q/Q Growth Company Ranking
Within: No.
Professional Services Industry #1
Services Sector #1
Overall #4
Operating Income Q/Q Growth Company Ranking
Within: No.
Professional Services Industry #1
Services Sector #1
Overall #4
Operating Income Q/Q Growth Statistics
High Average Low
47.98 % 3.07 % -36.27 %
(Aug. 31, 2004)  


PAYX's II. Quarter Q/Q Operating Income Comment
In the II. Quarter 2024 Paychex Inc realized decline in Operating Income from the first quarter by -5.61% to $ 506.20 millions, from $ 536.30 millions released in the previous reporting period.

This is not huge issue, as II. Quarter Operating Income always tend to dip in this quarter.

Within Professional Services industry Paychex Inc achieved highest sequential Operating Income growth. While Paychex Inc 's Operating Income growth quarter on quarter, overall rank is 4.


Paychex Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Nov 30 2023)
12 Months Ending
(Aug 31 2023)
12 Months Ending
(May 31 2023)
12 Months Ending
(Feb 28 2023)
12 Months Ending
(Nov 30 2022)
Cumulative Operating Income 12 Months Ending $ 2,107.70 $ 2,073.80 $ 2,033.10 $ 1,973.80 $ 1,924.70
Y / Y Operating Income Growth (TTM) 9.51 % 9.57 % 10.49 % 9.67 % 12.85 %
Year on Year Operating Income Growth Overall Ranking # 2 # 10 # 14 # 670 # 604
Seqeuential Operating Income Change (TTM) 1.63 % 2 % 3 % 2.55 % 1.69 %
Seq. Operating Income Growth (TTM) Overall Ranking # 6 # 250 # 32 # 1077 # 920




Cumulative Operating Income growth Comment
Assuming the Paychex Inc 's fiscal year would have ended in Nov 30 2023, Paychex Inc would have reprted above average annual Operating Income improvement of 9.51% year on year, of $ 2,108 millions.
This marks a slow-down of the companys growth trends and from the 9.57% growth in Aug 31 2023. But still, Paychex Inc had highest Operating Income growth, in Professional Services industry.

Paychex Inc achieved highest trailing twelve month year on year Operating Income growth. While Total ranking has impoved so far to 2, from total ranking in previous quarter at 10.

Operating Income TTM Q/Q Growth Statistics
High Average Low
30.75 %
8.25 %
-12.45 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Professional Services Industry # 1
Services Sector # 0
Overall # 2

Operating Income TTM Y/Y Growth Statistics
High Average Low
30.75 %
8.25 %
-12.45 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 1
S&P 500 # 6
Cumulative Operating Income growth Comment
Assuming the Paychex Inc 's fiscal year would have ended in Nov 30 2023, Paychex Inc would have reprted above average annual Operating Income improvement of 9.51% year on year, of $ 2,108 millions.
This marks a slow-down of the companys growth trends and from the 9.57% growth in Aug 31 2023. But still, Paychex Inc had highest Operating Income growth, in Professional Services industry.

Paychex Inc achieved highest trailing twelve month year on year Operating Income growth. While Total ranking has impoved so far to 2, from total ranking in previous quarter at 10.

Operating Income TTM Q/Q Growth Statistics
High Average Low
30.75 %
8.25 %
-12.45 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Professional Services Industry # 1
Services Sector # 0
Overall # 2

Operating Income TTM Y/Y Growth Statistics
High Average Low
30.75 %
8.25 %
-12.45 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 1
S&P 500 # 6




Other Operating Income Growth
Professional Services Industry Operating Income Growth Trends and Statistics
Services Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
PAYX's Operating Income Growth Ratio versus Professional Services Industry, Services Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for PAYX's Competitors
Operating Income Growth for Paychex Inc 's Suppliers
Operating Income Growth for PAYX's Customers

You may also want to know
PAYX's Annual Growth Rates PAYX's Profitability Ratios PAYX's Asset Turnover Ratio PAYX's Dividend Growth
PAYX's Roe PAYX's Valuation Ratios PAYX's Financial Strength Ratios PAYX's Dividend Payout Ratio
PAYX's Roa PAYX's Inventory Turnover Ratio PAYX's Growth Rates PAYX's Dividend Comparisons



Companies with similar Operating Income growth for the quarter ending Nov 30 2023 within Services SectorY/Y Change %Operating Income for the quarter ending Nov 30 2023
Paychex Inc 7.18%$ 7.178 millions




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