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Saturday 17 October 2026 Export PAYX’s income statement to Excel — free account

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

Paychex, Inc. (PAYX) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Paychex, Inc. (PAYX) trades at a price to free cash flow of 19.7×. Over the past ten years it has ranged from 13.4× (September 2015) to 39.4× (December 2021); the current reading is higher than 17% of that period. That is above the Software Application industry median of 17.6× and in line with the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2026 15.8× (52.30%)
FY2025 33.2× 33.12%
FY2024 24.9× 4.17%
FY2023 23.9× (21.89%)
FY2022 30.6× (3.40%)
FY2021 31.7× 61.60%
FY2020 19.6× (26.88%)
FY2019 26.9× 28.00%
FY2018 21.0× (14.75%)
FY2017 24.6× 15.81%

Quarterly newest first

Period Price to free cash flow Change
Aug 2026 22.5× 41.88%
May 2026 15.8× (2.10%)
Feb 2026 16.2× (18.74%)
Nov 2025 19.9× (24.34%)
43 more quarters

Against its own ten years

Low 13.4× High 39.4×
Ten-year median 24.2×
Current reading's percentile 17

Price to free cash flow against peers

Company Price to free cash flow
MSTR Strategy Inc compare n/m
SSNC SS&C Technologies Holdings, Inc. compare 13.1×
ZM Zoom Communications, Inc. compare 14.3×
ROP Roper Technologies, Inc. compare 15.0×
WDAY Workday, Inc. compare 16.5×
ADSK Autodesk, Inc. compare 18.0×
PAYX Paychex, Inc. 19.7×
PTC PTC Inc. compare 23.8×
TEAM Atlassian Corporation PLC compare 40.8×
Software Application industry median 17.6×
Technology sector median 20.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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