{
 "company": "Paychex, Inc.",
 "ticker": "PAYX",
 "sector": "Staffing & Employment Services",
 "asOf": {
  "date": "2026-08",
  "label": "August 2026"
 },
 "fiscalYearEnd": null,
 "revenueUsdM": 6512.0,
 "normalizedSga": {
  "pctRevenue": 35.73,
  "peerCount": 14,
  "peerMedianPctRevenue": 23.0,
  "peerLeanQuartilePctRevenue": 15.7,
  "peers": [
   {
    "ticker": "MAN",
    "name": "ManpowerGroup Inc.",
    "normalizedSgaPctRevenue": 15.7
   },
   {
    "ticker": "RHI",
    "name": "Robert Half Inc.",
    "normalizedSgaPctRevenue": 34.95
   },
   {
    "ticker": "KFY",
    "name": "Korn Ferry",
    "normalizedSgaPctRevenue": 8.43
   },
   {
    "ticker": "TNET",
    "name": "TriNet Group, Inc.",
    "normalizedSgaPctRevenue": 9.12
   },
   {
    "ticker": "NSP",
    "name": "Insperity, Inc.",
    "normalizedSgaPctRevenue": 2.98
   },
   {
    "ticker": "UPWK",
    "name": "Upwork Inc.",
    "normalizedSgaPctRevenue": 30.22
   },
   {
    "ticker": "KFRC",
    "name": "Kforce Inc.",
    "normalizedSgaPctRevenue": 23.0
   },
   {
    "ticker": "BBSI",
    "name": "Barrett Business Services, Inc.",
    "normalizedSgaPctRevenue": 20.7
   },
   {
    "ticker": "KELYA",
    "name": "Kelly Services, Inc.",
    "normalizedSgaPctRevenue": 19.28
   },
   {
    "ticker": "ZIP",
    "name": "ZipRecruiter, Inc.",
    "normalizedSgaPctRevenue": 36.68
   },
   {
    "ticker": "DHX",
    "name": "DHI Group, Inc.",
    "normalizedSgaPctRevenue": 42.57
   },
   {
    "ticker": "MHH",
    "name": "Mastech Digital, Inc.",
    "normalizedSgaPctRevenue": 27.74
   },
   {
    "ticker": "BGSF",
    "name": "BGSF, Inc.",
    "normalizedSgaPctRevenue": 43.3
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 1.48,
   "companiesDisclosing": 13,
   "peersDisclosing": [
    {
     "ticker": "MAN",
     "pctRevenue": 0.15
    },
    {
     "ticker": "KFY",
     "pctRevenue": 1.62
    },
    {
     "ticker": "TNET",
     "pctRevenue": 1.3
    },
    {
     "ticker": "NSP",
     "pctRevenue": 0.9
    },
    {
     "ticker": "UPWK",
     "pctRevenue": 8.3
    },
    {
     "ticker": "KFRC",
     "pctRevenue": 1.03
    },
    {
     "ticker": "BBSI",
     "pctRevenue": 1.13
    },
    {
     "ticker": "KELYA",
     "pctRevenue": 0.29
    },
    {
     "ticker": "ZIP",
     "pctRevenue": 10.6
    },
    {
     "ticker": "DHX",
     "pctRevenue": 3.83
    },
    {
     "ticker": "MHH",
     "pctRevenue": 1.62
    },
    {
     "ticker": "BGSF",
     "pctRevenue": 1.07
    }
   ],
   "note": "Right at the peer median. Not distorting the overhead picture."
  },
  {
   "key": "restructuring",
   "label": "Restructuring",
   "pctRevenue": 0.0,
   "companiesDisclosing": 14,
   "peersDisclosing": [
    {
     "ticker": "MAN",
     "pctRevenue": 0.0
    },
    {
     "ticker": "RHI",
     "pctRevenue": 0.0
    },
    {
     "ticker": "KFY",
     "pctRevenue": 0.0
    },
    {
     "ticker": "TNET",
     "pctRevenue": 0.2
    },
    {
     "ticker": "NSP",
     "pctRevenue": 0.0
    },
    {
     "ticker": "UPWK",
     "pctRevenue": 0.0
    },
    {
     "ticker": "KFRC",
     "pctRevenue": 0.0
    },
    {
     "ticker": "BBSI",
     "pctRevenue": 0.0
    },
    {
     "ticker": "KELYA",
     "pctRevenue": 0.0
    },
    {
     "ticker": "ZIP",
     "pctRevenue": 0.0
    },
    {
     "ticker": "DHX",
     "pctRevenue": 0.0
    },
    {
     "ticker": "MHH",
     "pctRevenue": 0.0
    },
    {
     "ticker": "BGSF",
     "pctRevenue": 0.0
    }
   ],
   "note": "No filed restructuring charges for the latest fiscal year; runs in line with the typical peer, counted wherever they sit on the P&L; one-time charges are stripped from the Exhibit 2 number either way."
  }
 ],
 "gapToPeers": {
  "toPeerMedian": {
   "usdM": 675,
   "bps": 1036
  },
  "toLeanQuartile": {
   "usdM": 1246,
   "bps": 1913
  }
 },
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 35,
   "peerTsrPct": -31,
   "driverPp": {
    "Revenue growth": 7.9,
    "Gross margin": 20.2,
    "SG&A": -14.2,
    "Multiple": 58.3,
    "Other": -6.4
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 39,
   "peerTsrPct": -36,
   "driverPp": {
    "Revenue growth": 33.1,
    "Gross margin": 31.5,
    "SG&A": 12.4,
    "Multiple": -3.4,
    "Other": 1.2
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": 152,
   "peerTsrPct": -6,
   "driverPp": {
    "Revenue growth": 21.1,
    "Gross margin": 24.7,
    "SG&A": 7.9,
    "Multiple": 100.6,
    "Other": 3.8
   }
  },
  {
   "label": "10 years",
   "span": "FY2016 to FY2025",
   "companyTsrPct": 281,
   "peerTsrPct": 44,
   "driverPp": {
    "Revenue growth": 57.3,
    "Gross margin": -19.9,
    "SG&A": 32.3,
    "Multiple": 134,
    "Other": 33.6
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/PAYX",
  "json": "https://sgabenchmarking.com/r/PAYX.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}