Friday 6 November 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.

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

Quarter to August 2026, against a year earlier

116.72 2.78 −2.33%

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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 Segments Valuation Filings

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

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As of 5 November 2026, Paychex, Inc. (PAYX) trades at a price to free cash flow of 21.0×. Over the past ten years it has ranged from 13.4× (September 2015) to 39.4× (December 2021); the current reading is higher than 23% of that period. That is above the Software Application industry median of 17.2× and above the Technology sector median of 18.7×.

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<iframe src="https://stockrow.com/embed/PAYX/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Paychex, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/PAYX/metrics/price-to-free-cash-flow">Paychex, Inc. (PAYX) price to free cash flow — stockrow.com</a></p>

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%

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

Low 13.4× High 39.4×

Ten-year median 24.2×

Current reading's percentile 23

Company	Price to free cash flow
MSTR Strategy Inc compare	n/m
ZM Zoom Communications, Inc. compare	13.5×
WDAY Workday, Inc. compare	17.2×
ROP Roper Technologies, Inc. compare	19.3×
ADSK Autodesk, Inc. compare	20.2×
PAYX Paychex, Inc.	21.0×
TEAM Atlassian Corporation PLC compare	36.4×
DDOG Datadog, Inc. compare	56.8×
BSP Bending Spoons S.p.A. compare	79.1×
Software Application industry median	17.2×
Technology sector median	18.7×
Market median	14.1×

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 →

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

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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