Paychex, Inc. PAYX

101.37 (0.22) (0.22%) as of 25 Sep
Market cap
$36.0B
P/E
20.1×
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Paychex, Inc. (PAYX) Return on invested capital

Paychex, Inc.'s return on invested capital over the twelve months to 31 August 2026 was 22.2%, up 0.2 percentage points from fiscal 2026 (22.1%). Over the past ten years it has ranged from 18.7% (fiscal 2025) to 52.7% (fiscal 2015); the current reading is higher than 17% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.00%.

Return on invested capital, annual

Annual

Period Return on invested capital Change (points)
FY2026 22.1% 3.37
FY2025 18.7% (25.60)
FY2024 44.3% (3.54)
FY2023 47.8% 3.89
FY2022 43.9% 9.74
FY2021 34.2% (0.89)
FY2020 35.1% 2.78
FY2019 32.3% (9.46)
FY2018 41.8% (6.25)
FY2017 48.0% 2.07

Against its own ten years

Low 18.7% High 52.7%
Ten-year median 42.9%
Current reading's percentile 17

Return on invested capital against peers

Company Return on invested capital
ADSK Autodesk, Inc. compare 105.2%
FICO Fair Isaac Corporation compare 62.5%
PAYX Paychex, Inc. 22.2%
ZM Zoom Communications, Inc. compare 18.3%
WDAY Workday, Inc. compare 11.2%
SSNC SS&C Technologies Holdings, Inc. compare 6.99%
ROP Roper Technologies, Inc. compare 4.88%
TEAM Atlassian Corporation PLC compare 0.80%
MSTR Strategy Inc compare −64.7%
Software Application industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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