Paychex, Inc. PAYX
- Market cap
- $36.0B
- P/E
- 20.1×
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Paychex, Inc. (PAYX) Price to free cash flow
As of 25 September 2026, Paychex, Inc. (PAYX) trades at a price to free cash flow of 17.9×. Over the past ten years it has ranged from 13.4× (September 2015) to 39.4× (December 2021); the current reading is higher than 14% of that period. That is above the Software Application industry median of 16.6× and below the Technology sector median of 19.8×.
Price to free cash flow, daily
Annual
| 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
| 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 | Free account |
Against its own ten years
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 | 12.3× |
| ZM Zoom Communications, Inc. compare | 13.6× |
| ROP Roper Technologies, Inc. compare | 14.1× |
| ADSK Autodesk, Inc. compare | 15.7× |
| WDAY Workday, Inc. compare | 16.3× |
| PAYX Paychex, Inc. | 17.9× |
| FICO Fair Isaac Corporation compare | 20.4× |
| TEAM Atlassian Corporation PLC compare | 37.2× |
| Software Application industry median | 16.6× |
| Technology sector median | 19.8× |
| Market median | 14.0× |
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)))
More on PAYX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement