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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.

Revenue
+5.88%
EPS
+13.1%
Free cash flow
−46.1%
Total debt
−8.27%

Quarter to August 2026, against a year earlier

116.96 2.54 −2.13%
Market cap
$42.5B
P/E
23.6×
Fwd P/E
20.4×
Dividend yield
4.81%
F-score
6/9
Altman Z
2.88
Beneish M
−2.65
Dividend safety
60/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Paychex, Inc. (PAYX) Debt to equity

Alert me on Debt to equity

Paychex, Inc.'s debt to equity at the end of the quarter to 31 August 2026 was 1.2×, up 0.0× from fiscal 2026 (1.2×). Over the past ten years it has ranged from 0.0× (fiscal 2018) to 1.2× (fiscal 2026) — the current reading is the highest in ten years. That is above the Software Application industry median of 0.0× and above the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 1.2× 1.38%
FY2025 1.2× 459.63%
FY2024 0.2× (7.09%)
FY2023 0.2× (11.48%)
FY2022 0.3× (4.25%)
FY2021 0.3× (5.31%)
FY2020 0.3× (5.16%)
FY2019 0.3× —
FY2018 0.0× —
FY2017 0.0× —

Quarterly newest first

Period Debt to equity Change
Aug 2026 1.2× 0.84%
May 2026 1.2× (1.17%)
Feb 2026 1.2× (3.65%)
Nov 2025 1.3× 2.37%
43 more quarters

Against its own ten years

Low 0.0× High 1.2×
Ten-year median 0.2×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
ZM Zoom Communications, Inc. compare 0.0×
MSTR Strategy Inc compare 0.1×
DDOG Datadog, Inc. compare 0.2×
WDAY Workday, Inc. compare 0.5×
ROP Roper Technologies, Inc. compare 0.5×
ADSK Autodesk, Inc. compare 0.6×
TEAM Atlassian Corporation PLC compare 0.9×
PAYX Paychex, Inc. 1.2×
BSP Bending Spoons S.p.A. compare 3.9×
Software Application industry median 0.0×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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