| Stage | PAYC | % of rev | MSFT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $531M | 100.00% | $92.3B | 100.00% | MSFT ×173.72 |
| Gross profit | $442M | 83.23% | $62.6B | 67.79% | PAYC +15.4pp |
| Operating income | $169M | 31.72% | $45.9B | 49.76% | MSFT +18.0pp |
| Pre-tax income | $157M | 29.54% | $46.0B | 49.80% | MSFT +20.3pp |
| Net income | $107M | 20.22% | $36.6B | 39.69% | MSFT +19.5pp |
| Stage | PAYC | MSFT | Gap · A − B |
|---|---|---|---|
| Revenue | $531M100.00% | $92.3B100.00% | MSFT ×173.72 |
| Gross profit | 83.23%$442M | 67.79%$62.6B | PAYC +15.4pp |
| Operating income | 31.72%$169M | 49.76%$45.9B | MSFT +18.0pp |
| Pre-tax income | 29.54%$157M | 49.80%$46.0B | MSFT +20.3pp |
| Net income |
| 20.22%$107M |
| 39.69%$36.6B |
| MSFT +19.5pp |
None
No disclosed counterparties: PAYC.