Paychex, Inc. financials
Source: EDGAR filings · Built 2026-07-23T00:15:18Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 2.32B | 1.71B | 1.74B | 1.56B | 1.46B | 1.14B |
| EBITDA | 2.95B | 2.42B | 2.35B | 2.21B | 2.03B | 1.65B |
| Working Capital | 1.77B | 1.96B | 1.94B | 1.72B | 1.31B | 1.23B |
| Net Debt | 3.54B | 3.42B | -583.40M | -336.00M | 536.30M | -69.20M |
| Gross Margin | 73.43% | 71.53% | 71.17% | 70.39% | 70.22% | 68.20% |
| Operating Margin | 39.84% | 40.81% | 42.36% | 41.43% | 40.40% | 36.54% |
| Net Margin | 27.93% | 30.63% | 32.94% | 31.73% | 30.58% | 27.45% |
| Return on Equity (ROE) | 47.12% | 40.15% | 44.47% | 44.58% | 45.14% | 37.23% |
| Return on Assets (ROA) | 10.88% | 10.01% | 16.28% | 14.77% | 14.46% | 11.89% |
| Current Ratio | 1.26× | 1.28× | 1.37× | 1.30× | 1.25× | 1.25× |
| Debt-to-Equity | 1.24× | 1.22× | 0.23× | 0.25× | 0.29× | 0.31× |
| Effective Tax Rate | 23.83% | 23.83% | 23.79% | 23.97% | 23.67% | 23.48% |
| Cash Conversion Ratio | 1.45× | 1.15× | 1.12× | 1.10× | 1.14× | 1.15× |
| Accruals Ratio | -0.05× | -0.01× | -0.02× | -0.01× | -0.02× | -0.02× |
| SBC % of Revenue | 1.53% | 2.07% | 1.19% | 1.28% | 1.16% | 1.31% |
| CapEx Coverage | 10.88× | 9.91× | 11.76× | 11.93× | 11.88× | 10.64× |
| Free Cash Flow Per Share | $6.45 | $4.72 | $4.80 | $4.31 | $4.01 | $3.15 |
Income Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 6.30B | 5.41B | 5.13B | 4.91B | 4.55B | 4.00B |
| Revenues | 6.51B | 5.57B | 5.28B | 5.01B | 4.61B | 4.06B |
| Cost of Revenue | 1.67B | 1.54B | 1.48B | 1.45B | 1.36B | 1.27B |
| Selling, General and Administrative Expense | 2.33B | 1.82B | 1.62B | 1.52B | 1.42B | 1.32B |
| Operating Income (Loss) | 2.51B | 2.21B | 2.17B | 2.03B | 1.84B | 1.46B |
| Income Tax Expense (Benefit) | 550.80M | 518.60M | 527.60M | 490.90M | 431.80M | 336.70M |
| Net Income (Loss) Attributable to Parent | 1.76B | 1.66B | 1.69B | — | — | — |
| Earnings Per Share, Basic | $4.90 | $4.60 | $4.69 | $4.32 | $3.86 | $3.05 |
| Weighted Average Number of Shares Outstanding, Basic | 358.90M | 360.20M | 360.30M | 360.40M | 360.60M | 359.90M |
| Earnings Per Share, Diluted | $4.89 | $4.58 | $4.67 | $4.30 | $3.84 | $3.03 |
| Weighted Average Number of Shares Outstanding, Diluted | 360.00M | 362.00M | 362.10M | 362.30M | 363.10M | 362.10M |
Balance Sheet
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.09B | 1.63B | 1.47B | 1.22B | 370.00M | 995.20M |
| Assets, Current | 8.61B | 8.92B | 7.25B | 7.53B | 6.58B | 6.17B |
| Assets | 16.17B | 16.56B | 10.38B | 10.55B | 9.64B | 9.23B |
| Long-term Debt | 4.56B | 4.95B | 798.60M | 798.20M | 797.70M | 797.30M |
| Liabilities, Current | 6.84B | 6.96B | 5.31B | 5.81B | 5.27B | 4.94B |
| Long-term Debt, Excluding Current Maturities | 4.56B | 4.55B | 798.60M | 798.20M | 797.70M | 797.30M |
| Liabilities | 12.44B | 12.44B | 6.58B | 7.05B | 6.55B | 6.28B |
| Stockholders' Equity Attributable to Parent | 3.74B | 4.13B | 3.80B | 3.49B | 3.09B | 2.95B |
| Common Stock, Shares, Outstanding | 355.60M | 360.50M | 360.10M | 360.50M | 359.90M | 359.80M |
Cash Flow Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.56B | 1.90B | 1.90B | 1.71B | 1.59B | 1.26B |
| Payments to Acquire Property, Plant, and Equipment | 234.90M | 191.80M | 161.40M | 143.00M | 133.80M | 118.40M |
| Net Cash Provided by (Used in) Investing Activities | -1.15B | -3.36B | -260.90M | 211.70M | -1.51B | -460.60M |
| Payments for Repurchase of Common Stock | 611.00M | 104.50M | 169.20M | 0 | 145.20M | 155.70M |
| Net Cash Provided by (Used in) Financing Activities | -2.65B | 2.29B | -1.87B | -711.40M | -979.30M | -636.40M |
Derived Metrics
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 515.00M | 1.81B | 1.05B | 662.50M | 283.30M | 1.43B |
| EBITDA | 717.90M | — | — | 651.20M | 516.80M | — |
| Working Capital | 1.77B | 2.05B | 1.87B | 1.91B | 1.96B | 2.28B |
| Net Debt | 3.54B | 3.27B | 3.55B | 4.21B | 3.42B | -700.10M |
| Gross Margin | 73.13% | 75.39% | 72.58% | 72.27% | 71.50% | 73.58% |
| Operating Margin | 38.93% | 45.20% | 38.04% | 36.31% | 31.19% | 47.19% |
| Net Margin | 27.08% | 31.98% | 26.30% | 25.72% | 21.50% | 35.42% |
| Return on Equity (ROE) | 11.26% | 13.96% | 10.19% | 9.67% | 7.20% | 12.61% |
| Return on Assets (ROA) | 2.60% | 3.20% | 2.39% | 2.30% | 1.79% | 4.63% |
| Current Ratio | 1.26× | 1.26× | 1.27× | 1.27× | 1.28× | 1.39× |
| Debt-to-Equity | 1.24× | 1.25× | 1.30× | 1.26× | 1.22× | 0.21× |
| Effective Tax Rate | 24.11% | 24.18% | 23.99% | 22.85% | 23.66% | 24.28% |
| Cash Conversion Ratio | 1.38× | 3.53× | 2.94× | 1.87× | 1.16× | 3.00× |
| Accruals Ratio | -0.01× | -0.08× | -0.05× | -0.02× | -0.00× | -0.09× |
| SBC % of Revenue | 1.33% | 4.30% | 3.48% | 1.80% | 4.44% | 3.44% |
| CapEx Coverage | 8.81× | 11.69× | 9.86× | 12.85× | 5.68× | 11.86× |
| Free Cash Flow Per Share | $1.43 | $5.03 | $2.90 | $1.83 | $0.78 | $3.94 |
Income Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.55B | 1.75B | 1.50B | 1.49B | 1.38B | 1.47B |
| Revenues | 1.61B | 1.81B | 1.56B | 1.54B | 1.43B | 1.51B |
| Cost of Revenue | 417.30M | 431.20M | 412.20M | 413.80M | 393.90M | 387.40M |
| Selling, General and Administrative Expense | 583.50M | 585.70M | 573.50M | 584.30M | 602.30M | 429.80M |
| Operating Income (Loss) | 604.70M | 792.00M | 571.90M | 541.90M | 431.10M | 691.80M |
| Income Tax Expense (Benefit) | 133.60M | 178.70M | 124.80M | 113.70M | 92.10M | 166.50M |
| Net Income (Loss) Attributable to Parent | 420.60M | 560.30M | 395.40M | 383.80M | 297.20M | 519.30M |
| Earnings Per Share, Basic | $1.17 | $1.56 | $1.10 | $1.07 | $0.82 | $1.44 |
| Weighted Average Number of Shares Outstanding, Basic | 358.90M | 358.70M | 359.40M | 360.10M | 360.20M | 360.10M |
| Earnings Per Share, Diluted | $1.18 | $1.56 | $1.10 | $1.06 | $0.82 | $1.43 |
| Weighted Average Number of Shares Outstanding, Diluted | 360.00M | 359.50M | 360.40M | 361.90M | 362.00M | 362.00M |
Balance Sheet
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.09B | 1.74B | 1.49B | 809.00M | 1.63B | 1.56B |
| Assets, Current | 8.61B | 9.93B | 8.91B | 9.04B | 8.92B | 8.08B |
| Assets | 16.17B | 17.51B | 16.52B | 16.66B | 16.56B | 11.22B |
| Long-term Debt | 4.56B | 4.95B | 4.95B | 4.95B | 4.95B | — |
| Liabilities, Current | 6.84B | 7.88B | 7.04B | 7.13B | 6.96B | 5.80B |
| Long-term Debt, Excluding Current Maturities | 4.56B | 4.55B | 4.55B | 4.55B | 4.55B | 799.00M |
| Liabilities | 12.44B | 13.50B | 12.64B | 12.69B | 12.44B | 7.11B |
| Stockholders' Equity Attributable to Parent | 3.74B | 4.01B | 3.88B | 3.97B | 4.13B | 4.12B |
| Common Stock, Shares, Outstanding | 355.60M | 358.30M | 359.00M | 359.90M | 360.50M | 360.20M |
Cash Flow Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 580.90M | 1.98B | 1.16B | 718.40M | 343.80M | 1.56B |
| Payments to Acquire Property, Plant, and Equipment | 65.90M | 169.00M | 118.00M | 55.90M | 60.50M | 131.30M |
| Net Cash Provided by (Used in) Investing Activities | -227.40M | -925.00M | -926.40M | -1.30B | -3.08B | -281.70M |
| Payments for Repurchase of Common Stock | 249.40M | 361.60M | 286.60M | 160.10M | 0 | 104.50M |
| Net Cash Provided by (Used in) Financing Activities | -1.79B | -862.50M | -1.10B | -515.40M | 3.07B | -779.10M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (PAYX CIK 0000723531),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.