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PAYX's Operating Income Growth by Quarter and Year
Paychex Inc 's Operating Income results by quarter and year
Select the Comparisons :
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Select the Ratio:
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Operating Income Growth Y/Y▼
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Operating Income Growth Y/Y▼
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PAYX Operating Income (in millions $) |
FY 2024 |
FY 2023 |
FY 2022 |
FY 2021 |
IV Quarter |
May |
-
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453.30
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394.00
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353.80
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III Quarter |
February |
-
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611.90
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562.80
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468.60
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II Quarter |
November |
506.20
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472.30
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440.30
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354.30
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I Quarter |
August |
536.30
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495.60
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442.90
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284.00
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FY |
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1,042.50
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2,033.10
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1,840.00
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1,460.70
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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
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PAYX Operating Income ( Y/Y Growth %) |
2024
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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 |
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- |
10.49 % |
25.97 % |
0.01 % |
PAYX Operating Income (Quarter on Quarter Growth %) |
2024
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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) |
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- |
10.49 % |
25.97 % |
0.01 % |
Operating Income Y/Y Growth Statistics |
High |
Average |
Low |
30.75 % |
8.25 % |
-12.45 % |
(Feb. 26, 2006) |
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(Feb. 26, 2010) |
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Operating Income Y/Y Growth Statistics |
High |
Average |
Low |
30.75 % |
8.25 % |
-12.45 % |
(Feb. 26, 2006) |
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(Feb. 26, 2010) |
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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) |
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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 released in the previous quarter.
But that's not big problem, as Operating Income generally gravitate to slow in this quarter Freddie Wood, market researcher allocated in London noted.
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. |
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Operating Income Q/Q Growth Statistics |
High |
Average |
Low |
47.98 % |
3.07 % |
-36.27 % |
(Aug. 31, 2004) |
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PAYX's II. Quarter Q/Q Operating Income Comment |
In the II. Quarter 2024 Paychex Inc disclosed decline in Operating Income sequentially by -5.61% to $ 506.20 millions, from $ 536.30 millions released in the previous quarter.
It's not huge concern, as Paychex Inc 's Operating Income generally seem to slow in this quarter Freddie Wood, market researcher allocated in London wrote.
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. |
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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 % |
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Operating Income TTM Y/Y Growth Statistics |
High |
Average |
Low |
30.75 % |
8.25 % |
-12.45 % |
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Operating Income TTM Q/Q Growth Company Ranking |
Within: |
No. |
Industry |
# 1 |
Sector |
# 1 |
S&P 500 |
# 6 |
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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 % |
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Operating Income TTM Y/Y Growth Statistics |
High |
Average |
Low |
30.75 % |
8.25 % |
-12.45 % |
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Operating Income TTM Q/Q Growth Company Ranking |
Within: |
No. |
Industry |
# 1 |
Sector |
# 1 |
S&P 500 |
# 6 |
Companies with similar Operating Income growth for the quarter ending Nov 30 2023 within Services Sector | Y/Y Change % | Operating Income for the quarter ending Nov 30 2023 | Paychex Inc | 7.18% | $ 7.178 millions |
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