Paychex, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Service Revenue (Tables)

Service Revenue (Tables)

12 Months Ended

May 31, 2021

Service Revenue [Abstract]

Summary of PEO Pass-Through Costs Netted in Revenue


		Year ended May 31,
In billions		2021			2020			2019
Payroll wages and payroll taxes		$	20.6		$	20.5		$	14.5
In millions
State unemployment insurance (included in payroll wages and payroll taxes)		$	119.0		$	85.7		$	82.3
Guaranteed cost benefit plans		$	586.4		$	647.0		$	451.8

Summary of Changes in Deferred Revenue Related to Material Rights Performance Obligations


		Year ended May 31,
In millions		2021			2020
Balance, beginning of period		$	42.6		$	45.7
Deferral of revenue			23.5			24.7
Recognition of unearned revenue			(25.9)			(27.8)
Balance, end of period		$	40.2		$	42.6

Summary of Changes in Deferred Costs to Obtain and Fulfill Contracts



Costs to fulfill contracts:
		Year ended May 31,
In millions		2021			2020
Balance, beginning of period		$	67.3		$	66.1
Capitalization of costs			26.2			24.9
Amortization			(24.2)			(23.7)
Balance, end of period		$	69.3		$	67.3


Costs to obtain contracts:
		Year ended May 31,
In millions		2021			2020
Balance, beginning of period		$	473.6		$	464.3
Capitalization of costs			181.8			171.7
Amortization			(167.2)			(162.4)
Balance, end of period		$	488.2		$	473.6