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.
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Paychex, Inc. (PAYX) Free cash flow
Paychex, Inc.'s free cash flow for fiscal 2026 was $2.3B, up 35.8% from $1.7B in fiscal 2025. Over the twelve months to 31 August 2026 it was $2.0B. Over the past ten years it has ranged from $792.4M (fiscal 2015) to $2.3B (fiscal 2026) — the current reading is the highest in ten years. Paychex, Inc. ranks 12th of 230 Software Application companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2026 | $2.3B | 35.85% |
| FY2025 | $1.7B | (1.57%) |
| FY2024 | $1.7B | 9.90% |
| FY2023 | $1.6B | 8.43% |
| FY2022 | $1.5B | 27.18% |
| FY2021 | $1.1B | (12.80%) |
| FY2020 | $1.3B | 14.48% |
| FY2019 | $1.1B | 2.25% |
| FY2018 | $1.1B | 29.59% |
| FY2017 | $866.1M | (5.91%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Aug 2026 | $357.4M | (30.60%) |
| May 2026 | $515.0M | (32.37%) |
| Feb 2026 | $761.5M | 98.93% |
| Nov 2025 | $382.8M | (42.22%) |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| WDAY Workday, Inc. compare | $2.8B |
| ADSK Autodesk, Inc. compare | $2.8B |
| ROP Roper Technologies, Inc. compare | $2.6B |
| PAYX Paychex, Inc. | $2.0B |
| ZM Zoom Communications, Inc. compare | $1.9B |
| SSNC SS&C Technologies Holdings, Inc. compare | $1.5B |
| TEAM Atlassian Corporation PLC compare | $1.3B |
| PTC PTC Inc. compare | $935.5M |
| MSTR Strategy Inc compare | −$21.7B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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