Paychex, Inc.

PAYX Technology Software Application

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.

111.63 0.85 +0.77%
Market cap
$39.4B
P/E
22.1×
Fwd P/E
17.9×
Dividend yield
4.07%
F-score
6/9
Altman Z
2.88
Beneish M
−2.65
Dividend safety
60/100

Paychex, Inc. (PAYX) Current ratio

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Paychex, Inc.'s current ratio at the end of the quarter to 31 August 2026 was 1.3×, up 0.0× from fiscal 2026 (1.3×). Over the past ten years it has ranged from 1.1× (fiscal 2018) to 1.4× (fiscal 2024); the current reading is higher than 75% of that period. That is below the Software Application industry median of 1.5× and below the Technology sector median of 1.8×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2026 1.3× (1.77%)
FY2025 1.3× (6.16%)
FY2024 1.4× 5.34%
FY2023 1.3× 3.81%
FY2022 1.2× (0.02%)
FY2021 1.2× 1.21%
FY2020 1.2× 5.33%
FY2019 1.2× 5.32%
FY2018 1.1× (0.27%)
FY2017 1.1× 0.15%

Quarterly newest first

Period Current ratio Change
Aug 2026 1.3× 1.39%
May 2026 1.3× (0.07%)
Feb 2026 1.3× (0.42%)
Nov 2025 1.3× (0.22%)
43 more quarters

Against its own ten years

Low 1.1× High 1.4×
Ten-year median 1.2×
Current reading's percentile 75

Current ratio against peers

Company Current ratio
MSTR Strategy Inc compare 5.4×
ZM Zoom Communications, Inc. compare 3.8×
PAYX Paychex, Inc. 1.3×
SSNC SS&C Technologies Holdings, Inc. compare 1.1×
PTC PTC Inc. compare 1.0×
WDAY Workday, Inc. compare 0.9×
ADSK Autodesk, Inc. compare 0.9×
TEAM Atlassian Corporation PLC compare 0.8×
ROP Roper Technologies, Inc. compare 0.6×
Software Application industry median 1.5×
Technology sector median 1.8×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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