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Paychex, Inc.

Recurring revenue Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $100.84
52-Week Range: $85.45 – $129.24
Market Cap: $35.22B
P/E (TTM): 19.63
EPS (TTM): 5.04
Dividend Yield: 4.81%

Advanced Metrics

Price/Book: 9.42
PEG Ratio: 1.84
Return on Equity: 47.05%
Return on Assets: 10.19%
Gross Margin: 74.39%
Operating Margin: 38.50%
Profit Margin: 27.35%
Current Ratio: 1.28
Debt/Equity: 1.25
Total Debt: $4.62B
Free Cash Flow: $1.89B
Revenue Growth: 5.90%
Earnings Growth: 13.90%
Enterprise Value: $38.91B

PAYX Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$5.01B	$5.28B	$5.57B	$6.51B
Cost of Revenue	$1.45B	$1.48B	$1.54B	$1.67B
Gross Profit	$3.55B	$3.80B	$4.03B	$4.84B
Selling, General & Admin	$1.52B	$1.62B	$1.82B	$2.33B
Operating Expenses	$1.52B	$1.62B	$1.82B	$2.33B
Operating Income	$2.03B	$2.17B	$2.21B	$2.51B
EBITDA	$2.26B	$2.43B	$2.49B	$3.02B
Pretax Income	$2.05B	$2.22B	$2.18B	$2.31B
Income Tax	$490.90M	$527.60M	$518.60M	$550.80M
Net Income	$1.56B	$1.69B	$1.66B	$1.76B
Diluted EPS	4.30	4.67	4.58	4.89
Diluted Shares	362.30M	362.10M	362.00M	360.00M

PAYX Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$1.22B	$1.47B	$1.63B	$1.09B
Receivables	$1.43B	$1.63B	$1.98B	$2.21B
Current Assets	$7.53B	$7.25B	$8.92B	$8.61B
Total Assets	$10.55B	$10.38B	$16.56B	$16.17B
Current Liabilities	$5.81B	$5.31B	$6.96B	$6.84B
Long-Term Debt	$798.20M	$798.60M	$4.55B	$4.56B
Total Debt	$865.70M	$866.30M	$5.02B	$4.61B
Total Liabilities	$7.05B	$6.58B	$12.44B	$12.44B
Retained Earnings	$2.02B	$2.21B	$2.28B	$1.81B
Shareholders' Equity	$3.49B	$3.80B	$4.13B	$3.74B
Working Capital	$1.72B	$1.94B	$1.96B	$1.77B
Net Debt	—	—	$3.34B	$3.47B

PAYX Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$1.71B	$1.90B	$1.90B	$2.56B
Capital Expenditure	-$143.00M	-$161.40M	-$191.80M	-$234.90M
Free Cash Flow	$1.56B	$1.74B	$1.71B	$2.32B
Depreciation & Amortisation	$176.60M	$176.50M	$209.50M	$442.60M
Stock-Based Compensation	$62.60M	$61.10M	$111.80M	$96.10M
Investing Cash Flow	$211.70M	-$260.90M	-$3.36B	-$1.15B
Financing Cash Flow	-$711.40M	-$1.87B	$2.29B	-$2.65B
Dividends Paid	-$1.18B	-$1.32B	-$1.45B	-$1.59B
Share Repurchases	$0.00	-$169.20M	-$104.50M	-$611.00M
Net Change in Cash	$1.21B	-$237.90M	$837.30M	-$1.25B

PAYX Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$1.43B	$1.54B	$1.56B	$1.81B	$1.61B
Cost of Revenue	$393.90M	$413.80M	$412.20M	$431.20M	$417.30M
Gross Profit	$1.03B	$1.13B	$1.15B	$1.38B	$1.19B
Selling, General & Admin	$602.30M	$584.30M	$573.50M	$585.70M	$583.50M
Operating Expenses	$602.30M	$584.30M	$573.50M	$585.70M	$583.50M
Operating Income	$431.10M	$541.90M	$571.90M	$792.00M	$604.70M
EBITDA	$538.70M	$675.00M	$697.80M	$918.10M	$732.10M
Pretax Income	$389.30M	$497.50M	$520.20M	$739.00M	$554.20M
Income Tax	$92.10M	$113.70M	$124.80M	$178.70M	$133.60M
Net Income	$297.20M	$383.80M	$395.40M	$560.30M	$420.60M
Diluted EPS	0.82	1.06	1.10	1.56	1.17
Diluted Shares	362.30M	361.90M	360.40M	359.50M	358.20M

PAYX Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$1.63B	$809.00M	$1.49B	$1.74B	$1.09B
Receivables	$1.98B	$2.00B	$2.03B	$2.07B	$2.21B
Current Assets	$8.92B	$9.04B	$8.91B	$9.93B	$8.61B
Total Assets	$16.56B	$16.66B	$16.52B	$17.51B	$16.17B
Current Liabilities	$6.96B	$7.13B	$7.04B	$7.88B	$6.84B
Long-Term Debt	$4.55B	$4.55B	$4.55B	$4.55B	$4.56B
Total Debt	$5.02B	$5.02B	$5.04B	$5.01B	$4.61B
Total Liabilities	$12.44B	$12.69B	$12.64B	$13.50B	$12.44B
Retained Earnings	$2.28B	$2.07B	$1.95B	$2.05B	$1.81B
Shareholders' Equity	$4.13B	$3.97B	$3.88B	$4.01B	$3.74B
Working Capital	$1.96B	$1.91B	$1.87B	$2.05B	$1.77B
Net Debt	$3.34B	$4.16B	$3.48B	$3.21B	$3.47B

PAYX Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$343.80M	$718.40M	$444.90M	$812.50M	$580.90M
Capital Expenditure	-$60.50M	-$55.90M	-$62.10M	-$51.00M	-$65.90M
Free Cash Flow	$283.30M	$662.50M	$382.80M	$761.50M	$515.00M
Depreciation & Amortisation	$85.70M	$109.30M	$109.10M	$111.00M	$113.20M
Stock-Based Compensation	$61.30M	$26.80M	$25.50M	$23.10M	$20.70M
Investing Cash Flow	-$3.08B	-$1.30B	$376.30M	$1.40M	-$227.40M
Financing Cash Flow	$3.07B	-$515.40M	-$582.40M	$235.30M	-$1.79B
Dividends Paid	-$389.30M	-$389.10M	-$387.90M	-$388.00M	-$424.60M
Share Repurchases	$0.00	-$160.10M	-$126.50M	-$75.00M	-$249.40M
Net Change in Cash	$341.00M	-$1.10B	$238.80M	$1.05B	-$1.44B

Market Snapshot

About

Paychex, Inc. delivers comprehensive payroll, human resource, and benefits outsourcing services to small and mid-sized businesses. The company processes payroll for over 730,000 clients, handles tax administration, HR compliance, retirement plan administration, and offers time and attendance systems.