Paychex 2016 Annual Report Download - page 3

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}
OPERATING INCOME
Net of Certain Items*
($Millions)
for the fiscal year ended May 31
* Refer to discussion of Non-GAAP Financial Measure included
in Item 7 of our Annual Report for further information.
TOTAL REVENUE
($Billions)
for the fiscal year ended May 31
2016 $3.0
2015 $2.7
2014 $2.5
2013 $2.3
2012 $2.2
2012 2013 2014 2015 2016
$810
$864
$942
$1,012
$1,101
al highlights
CAGR*
7%
*5-Year Cumulative
Annual Growth Rate