Company / Cost of Revenue
Paychex Cost of Revenue History
FY2017-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$1.5B
FY2024
5-year range
$1.4B / $1.5B
FY2020-FY2024
Trend
+4.1%
vs FY2023
Sector context
#132 of 245
Industrials
What the data says
At $1.5B, Paychex's cost of revenue ranks #114 of 245 in the Industrials sector. Cost of Revenue has increased for 4 consecutive years, from $1.0B in FY2020 to $1.5B in FY2024.
Based on SEC 10-K filings.
$1.5B in FY2024 with a 5-year CAGR of +3.8%.
Increased from $1.5B to $1.5B over the past 2 years.
Industrials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +4.3%
- 5-Year CAGR
- +3.8%
- 10-Year CAGR
- -
Sector benchmark
#114 of 245 in IndustrialsTop 46% of 245This company $1.5B Sector average $4.3B
▼
-64.5% below sector average
Key checks
Key Insights
- Paychex's cost of revenue has grown for 4 consecutive years.
- 5-year CAGR of +3.8%, indicating consistent growth.
- In FY2024, cost of revenue increased 4.1% year-over-year.
- Ranks #132 out of 245 companies in the Industrials sector.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 0.34 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $1.5B | +4.1% |
| FY2023 | $1.5B | +1.8% |
| FY2022 | $1.5B | +7.1% |
| FY2021 | $1.4B | +33.2% |
| FY2020 | $1.0B | -20.5% |
| FY2019 | $1.3B | +8.7% |
| FY2018 | $1.2B | +15.7% |
| FY2017 | $1.0B | - |
| FY2016 | - | - |
As of FY2024 · SEC 10-K · Updated Jun 30, 2026