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Paychex10-Q: Margin pressure

SG&A expenses increased 36% YoY to $585.7M, with competitor Paycor HCM mentioned.

What happened

Selling, general and administrative expenses rose significantly by $155.9 million year-over-year for the quarter. The filing specifically tags competitor Paycor HCM, Inc. in relation to SG&A, suggesting increased competitive spending or costs associated with competing in the market.

Source

SEC EDGARMar 26, 2026

Quarterly report (Form 10-Q)

Paychex 10-Q

Filing excerpt

Selling, general and administrative expenses $585.7 [for the three months ended February 28, 2026] $429.8 [for the three months ended February 28, 2025]

sec.gov/Archives/edgar/data/723531/000119312526126204/payx-20260228.htmRead the full source

Other signals in this filing (7)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Margin pressure

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
02/28
Filed
Mar 26, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$586M (Selling, general and administrative expenses for the three months ended February 28, 2026)
Percent
36.3% (Year-over-year increase in quarterly SG&A expenses)

Details

CIK
723531
Accession number
0001193125-26-126204
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Efficiency tools needed
Signal category
Financial

Topics and mentions

Competitors

  • Paycor HCM
  • Inc.

Competitors named

  • Paycor HCM, Inc.

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Mar 31, 2026
signal_type
sec-10q
signal_subtype
marginPressure

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/9df6ef5f-ebdb-4d43-b890-ecdc55ae0220 returns this record as JSON. POST /v1/companies/enrich returns every signal for paychex.com.

{
  "signal_id": "9df6ef5f-ebdb-4d43-b890-ecdc55ae0220",
  "signal_type": "sec-10q",
  "signal_subtype": "marginPressure",
  "detected_at": "2026-03-31T08:16:21.568+00:00",
  "company": {
    "name": "Paychex",
    "domain": "paychex.com"
  },
  "data": {
    "detail": "Selling, general and administrative expenses rose significantly by $155.9 million year-over-year for the quarter. The filing specifically tags competitor Paycor HCM, Inc. in relation to SG&A, suggesting increased competitive spending or costs associated with competing in the market.",
    "metrics": {
      "pct": 0.363,
      "timeframe": "current_quarter",
      "pct_context": "Year-over-year increase in quarterly SG&A expenses",
      "dollar_context": "Selling, general and administrative expenses for the three months ended February 28, 2026",
      "dollar_millions": 585.7
    },
    "summary": "SG&A expenses increased 36% YoY to $585.7M, with competitor Paycor HCM mentioned.",
    "excerpts": "Selling, general and administrative expenses $585.7 [for the three months ended February 28, 2026] $429.8 [for the three months ended February 28, 2025]",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/723531/000119312526126204/payx-20260228.htm",
    "filing_date": "2026-03-26",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "02/28",
    "sales_relevance": "Efficiency tools needed",
    "signal_category": "financial",
    "competitors_mentioned": [
      "Paycor HCM, Inc."
    ]
  }
}

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