Sunday 11 October 2026 Export all PAYX data to Excel Powerpack

Paychex, Inc.

Paychex, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $6.5 billion, up 16.9% from fiscal 2025. In the quarter to August 2026, revenue grew 5.88%, EPS grew 13.1%, free cash flow fell 46.1% and total debt fell 8.27%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for five; insiders bought in the last twelve months.

103.98 0.48 −0.46%

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Market cap: $37.2B
P/E: 20.6×
Fwd P/E: 17.9×
Dividend yield: 4.37%
F-score: 6/9
Altman Z: 2.88
Beneish M: −2.65
Dividend safety: 60/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	May '26	May '25	May '24	May '23	May '22	May '21	May '20	May '19	May '18	May '17
Piotroski F-Score Full definition →	6	5	9	9	7	6	8	4	6	8
P/E ratio Full definition →	20.86	34.24	25.57	24.29	32.08	33.11	23.44	29.79	22.67	26.21
Altman Z-Score Full definition →	2.88	3.85	5.67	4.79	5.61	4.82	4.11	4.35	3.82	3.97
P/S ratio Full definition →	5.65	10.18	8.20	7.55	9.68	8.96	6.38	8.17	6.97	6.76
Altman Z″-Score (non-manufacturers) Full definition →	2.44	2.47	3.94	3.51	3.24	2.94	3.00	2.68	2.56	2.61
P/FCF ratio Full definition →	15.84	33.19	24.93	23.94	30.65	31.72	19.63	26.85	20.98	24.61
P/Operating CF Full definition →	63.29	165.01	195.28	90.60	105.96	93.27	66.45	123.91	81.89	111.52
Beneish M-Score Full definition →	(2.65)	(2.17)	(2.41)	(2.51)	(2.39)	(2.30)	(2.69)	(1.89)	(2.59)	(2.44)
Dividend Safety Score Full definition →	60	—	—	—	—	—	—	—	—	—
P/B ratio Full definition →	9.84	13.74	11.39	10.83	14.47	12.33	9.27	11.76	9.99	10.90
Price to Tangible BV Full definition →	0.00	0.00	25.12	25.69	43.39	42.69	39.10	70.39	16.80	17.18
EV/Sales Full definition →	6.23	10.77	8.06	7.39	9.58	8.89	6.34	8.19	6.86	6.67
EV/EBITDA Full definition →	12.69	22.41	16.53	15.11	19.53	19.19	13.50	17.34	13.88	12.97
EV/Operating CF Full definition →	15.86	31.56	22.43	21.67	27.79	28.62	17.78	24.30	18.16	21.91
EV/FCF Full definition →	17.46	35.10	24.51	23.41	30.32	31.48	19.49	26.93	20.65	24.30
Quick Ratio Full definition →	0.49	0.53	0.60	0.53	0.49	0.43	0.40	0.33	0.18	0.18
Current Ratio Full definition →	1.26	1.28	1.37	1.30	1.25	1.25	1.23	1.17	1.11	1.12
Net Debt/EBITDA Full definition →	1.06	1.22	(0.28)	(0.34)	(0.21)	(0.15)	(0.09)	0.02	(0.25)	(0.20)
Debt/Assets Full definition →	28.17%	29.99%	7.87%	7.67%	8.37%	8.72%	9.38%	9.18%	0.00%	0.00%
Debt/Equity Full definition →	1.22	1.20	0.22	0.23	0.26	0.27	0.29	0.30	0.00	0.00
Asset Turnover Full definition →	0.40	0.41	0.50	0.50	0.49	0.46	0.47	0.45	0.46	0.48
Operating CF/Net income Full definition →	1.45	1.15	1.12	1.10	1.14	1.15	1.31	1.23	1.28	1.16
Capex/Depreciation Full definition →	(0.34)	(0.41)	(0.40)	(0.31)	(0.31)	(0.27)	(0.29)	(0.30)	(0.41)	(0.26)
Interest Coverage Full definition →	9.32	20.95	58.29	55.40	613.33	1,460.70	1,460.50	105.48	107.63	125.39
ROE Full definition →	44.77%	41.80%	46.35%	47.35%	46.17%	38.31%	40.66%	41.57%	46.11%	42.74%
ROA Full definition →	10.75%	12.30%	16.15%	15.43%	14.77%	12.35%	12.75%	12.47%	13.48%	12.45%
ROIC Full definition →	22.06%	18.69%	44.29%	47.83%	43.94%	34.20%	35.09%	32.31%	41.77%	48.02%
Return on Tangible Assets Full definition →	74.53%	67.05%	71.81%	73.49%	81.27%	67.45%	75.99%	83.33%	100.37%	93.46%
Average Days of Receivables Full definition →	123.75	129.38	112.39	103.97	104.33	94.79	71.39	82.65	56.69	62.91
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	35.73%	32.73%	30.78%	30.38%	30.69%	32.66%	32.15%	32.43%	31.62%	31.07%
Intangible Assets out of Total Assets Full definition →	0.38	0.39	0.20	0.19	0.21	0.23	0.25	0.25	0.12	0.10
Share Based Compensation of Revenue Full definition →	1.48%	2.01%	1.16%	1.25%	1.14%	1.29%	1.17%	1.22%	1.32%	1.12%
Graham Net Nets Full definition →	(0.10)	(0.06)	0.02	0.01	0.00	0.00	(0.01)	(0.01)	0.01	0.02
Graham Number Full definition →	33.91	34.44	33.40	30.69	27.26	23.71	23.15	21.74	20.67	16.62
Earnings Yield Full definition →	4.79%	2.92%	3.91%	4.12%	3.12%	3.02%	4.27%	3.36%	4.41%	3.82%
Free Cash Flow Yield Full definition →	6.32%	3.01%	4.01%	4.18%	3.26%	3.15%	5.09%	3.72%	4.77%	4.06%
Revenue per Share Full definition →	18.14	15.47	14.65	13.89	12.79	11.27	11.27	10.50	9.41	8.76
Operating CF per Share Full definition →	7.12	5.28	5.27	4.73	4.41	3.50	4.02	3.54	3.56	2.67
Capex per Share Full definition →	(0.65)	(0.53)	(0.45)	(0.35)	(0.37)	(0.32)	(0.35)	(0.34)	(0.43)	(0.26)
Free Cash Flow per Share Full definition →	6.47	4.74	4.82	4.38	4.04	3.18	3.67	3.20	3.13	2.41
Cash per Share Full definition →	3.28	4.75	4.30	4.56	3.53	3.01	2.74	2.12	1.18	0.90
Shareholders Equity per Share Full definition →	10.41	11.46	10.55	9.69	8.56	8.19	7.76	7.29	6.56	5.43
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	10.41	11.46	10.55	9.69	8.56	8.19	7.76	7.29	6.56	5.43
Free Cash Flow Full definition →	2,321.80	1,709.10	1,736.30	1,579.90	1,457.10	1,145.70	1,313.90	1,147.70	1,122.40	866.10
Working Capital Full definition →	1,772.70	1,960.20	1,942.40	1,722.70	1,312.40	1,231.30	1,037.70	832.70	596.90	546.90
Capital Expenditures Full definition →	(234.90)	(191.80)	(161.40)	(126.30)	(132.60)	(114.60)	(127.00)	(123.80)	(154.00)	(94.30)
Net Current Asset Value Full definition →	(3,826.10)	(3,519.60)	669.40	474.90	31.60	(109.70)	(304.70)	(378.80)	335.00	393.60
EV/EBIT Full definition →	16.15	27.17	19.58	18.19	24.01	24.69	17.54	22.54	17.95	16.78
Capex to Sales Full definition →	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.05	0.03
Price to Operating Income Full definition →	14.64	25.70	19.91	18.60	24.27	24.88	17.66	22.47	18.23	17.00
Other line items
Depreciation/Fixed assets Full definition →	1.16	0.92	0.97	1.04	1.05	1.06	1.07	1.00	0.96	1.09
Cash ROIC Full definition →	24.52%	15.82%	28.15%	26.57%	28.21%	23.69%	28.78%	27.46%	40.36%	38.01%
Accounts Receivable Turnover Full definition →	3.11	3.10	3.46	3.65	3.89	4.40	4.91	5.47	6.33	6.38
Accounts Payable Turnover Full definition →	11.77	13.16	15.65	15.26	13.93	15.10	16.49	15.75	15.56	16.14
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	33.74	30.76	25.73	21.28	28.45	25.55	22.63	23.52	26.42	22.71
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	2,091.45	1,800.15	1,525.75	1,372.20	1,185.90	921.95	822.25	689.40	534.00	494.05
Average Payables Full definition →	142.30	117.05	94.50	95.20	97.35	84.20	77.65	74.80	65.45	56.95
Average Assets Full definition →	16,369.30	13,473.60	10,464.75	10,090.80	9,431.20	8,888.95	8,613.35	8,295.70	7,374.55	6,637.25
Average Common Equity Full definition →	3,931.55	3,964.50	3,647.10	3,289.20	3,016.60	2,864.70	2,700.45	2,488.15	2,156.05	1,933.50

Fold the line items

Columns are period end dates · fundamentals updated 2 Oct 2026

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