Financials · PAYX

Paychex Inc. (PAYX) financials

For the twelve months ended Aug 31, 2026, Paychex Inc. reported $6.60B of revenue and $1.81B of net income.

Revenue, TTM
$6.60B
Revenue growth, YoY
+14.0%
Net income, TTM
$1.81B
Net income growth, YoY
+11.9%
Net margin
27.4%
Free cash flow, TTM
$2.02B
EPS, diluted, TTM
$5.04
EPS growth, YoY
+13.0%
Cash
$600.90M
Total debt
$4.56B
P/E
23.07
P/S
6.31
Market cap
$41.67B
Annual revenue$6.51B
FY2017FY2026
Annual net income$1.76B
FY2017FY2026
Annual free cash flow$2.32B
FY2017FY2026

PAYX revenue and earnings growth

PAYX revenueQ1 2027$1.63B

Quarter YoY
+5.9%
QoQ
+1.6%
FY YoY
+16.9%
5Y CAGR
+9.9%
10Y CAGR
+8.2%

PAYX revenue was $1.63B in fiscal Q1 2027 (ended Aug 31, 2026), up 5.9% from a year earlier and up 1.6% from the prior quarter. For the full fiscal 2026 it was $6.51B, up 16.9% from fiscal 2025. Compound annual growth was +9.9% over 5 years and +8.2% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

PAYX net incomeQ1 2027$429.70M

Quarter YoY
+12.0%
QoQ
+2.2%
FY YoY
+6.2%
5Y CAGR
+9.9%
10Y CAGR
+8.8%

PAYX net income was $429.70M in fiscal Q1 2027 (ended Aug 31, 2026), up 12.0% from a year earlier and up 2.2% from the prior quarter. For the full fiscal 2026 it was $1.76B, up 6.2% from fiscal 2025. Compound annual growth was +9.9% over 5 years and +8.8% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

PAYX EPSQ1 2027$1.21

Quarter YoY
+14.2%
QoQ
+3.4%
FY YoY
+6.8%
5Y CAGR
+10.0%
10Y CAGR
+8.9%

PAYX diluted EPS was $1.21 in fiscal Q1 2027 (ended Aug 31, 2026), up 14.2% from a year earlier and up 3.4% from the prior quarter. For the full fiscal 2026 it was $4.89, up 6.8% from fiscal 2025. Compound annual growth was +10.0% over 5 years and +8.9% over 10 years.

PAYX free cash flowQ1 2027$357.40M

Quarter YoY
-46.1%
QoQ
-30.6%
FY YoY
+35.8%
5Y CAGR
+15.2%
10Y CAGR
+9.7%

PAYX free cash flow was $357.40M in fiscal Q1 2027 (ended Aug 31, 2026), down 46.1% from a year earlier and down 30.6% from the prior quarter. For the full fiscal 2026 it was $2.32B, up 35.8% from fiscal 2025. Compound annual growth was +15.2% over 5 years and +9.7% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
May 31, 2026
May 31, 2025
May 31, 2024
May 31, 2023
May 31, 2022
May 31, 2021
May 31, 2020
May 31, 2019
May 31, 2018
May 31, 2017
Revenue$6.51B$5.57B$5.28B$5.01B$4.61B$4.06B$4.04B$3.77B$3.38B$3.15B
Cost of revenue$1.67B$1.54B$1.48B$1.45B$1.36B$1.27B$1.28B$1.18B$1.02B-
Gross profit$4.84B$4.03B$3.80B$3.55B$3.26B$2.79B$2.76B$2.59B$2.36B-
Selling, general and admin$2.33B$1.82B$1.62B$1.52B$1.42B$1.32B$1.30B$1.22B$1.07B$979.70M
Operating income$2.51B$2.21B$2.17B$2.03B$1.84B$1.46B$1.46B$1.37B$1.29B$1.25B
Interest expense$269.50M$105.40M$37.30M$36.70M$36.60M$35.80M$38.80M$17.60M$3.90M$2.50M
Pre-tax income$2.31B$2.18B$2.22B$2.05B$1.82B$1.43B$1.44B$1.37B$1.30B$1.26B
Income tax$550.80M$518.60M$527.60M$490.90M$431.80M$336.70M$339.00M$333.60M$306.00M$432.80M
Net income$1.76B$1.66B$1.69B$1.56B$1.39B$1.10B$1.10B$1.03B$994.10M$826.30M
EPS, basic$4.90$4.60$4.69$4.32$3.86$3.05$3.06$2.88$2.77$2.30
EPS, diluted$4.89$4.58$4.67$4.30$3.84$3.03$3.04$2.86$2.75$2.28
Diluted shares360.0M362.0M362.1M362.3M363.1M362.1M361.0M361.8M361.5M362.6M

Balance sheet

Balance sheet
Line item
May 31, 2026
May 31, 2025
May 31, 2024
May 31, 2023
May 31, 2022
May 31, 2021
May 31, 2020
May 31, 2019
May 31, 2018
May 31, 2017
Cash and equivalents$1.09B$2.73B$1.47B$2.13B$928.40M$1.82B$1.66B$935.20M$2.30B$449.40M
Short-term investments$36.30M$34.50M$33.90M$373.40M$853.90M$36.70M$27.20M$39.00M$66.00M$138.80M
Current assets$8.61B$8.92B$7.25B$7.53B$6.58B$6.17B$5.46B$5.68B$5.89B$5.27B
Goodwill$4.53B$4.51B$1.88B$1.83B$1.83B$1.82B$1.79B$1.78B$814.00M$657.10M
Total assets$16.17B$16.56B$10.38B$10.55B$9.64B$9.23B$8.55B$8.68B$7.92B$6.83B
Current liabilities$6.84B$6.96B$5.31B$5.81B$5.27B$4.94B$4.43B$4.84B$5.30B$4.73B
Short-term debt$0$399.80M$0$10.20M$8.70M$7.40M$5.10M-$0-
Long-term debt$4.56B$4.55B$798.60M$798.20M$797.70M$797.30M$796.80M$796.40M--
Total debt$4.56B$4.95B$798.60M$808.40M$806.40M$804.70M$801.90M$796.40M--
Total liabilities$12.44B$12.44B$6.58B$7.05B$6.55B$6.28B$5.77B$6.06B$5.56B$4.88B
Shareholders' equity$3.74B$4.13B$3.80B$3.49B$3.09B$2.95B$2.78B$2.62B$2.36B$2.23B

Cash flow

Cash flow
Line item
May 31, 2026
May 31, 2025
May 31, 2024
May 31, 2023
May 31, 2022
May 31, 2021
May 31, 2020
May 31, 2019
May 31, 2018
May 31, 2017
Operating cash flow$2.56B$1.90B$1.90B$1.71B$1.59B$1.26B$1.44B$1.27B$1.28B$960.40M
Capital expenditures$234.90M$191.80M$161.40M$143.00M$133.80M$118.40M$127.00M$123.80M$154.00M$94.30M
Free cash flow$2.32B$1.71B$1.74B$1.56B$1.46B$1.14B$1.31B$1.15B$1.12B$866.10M
Investing cash flow-$1.15B-$3.36B-$260.90M$211.70M-$1.51B-$460.60M$771.90M-$1.63B$998.50M-$662.20M
Financing cash flow-$2.65B$2.29B-$1.87B-$711.40M-$979.30M-$636.40M-$1.49B-$1.01B-$423.80M-$482.70M
Dividends paid$1.59B$1.45B$1.32B$1.18B$999.60M$908.70M$889.40M$826.80M$739.70M$662.30M
Share repurchases$611.00M$104.50M$169.20M$0$145.20M$155.70M$171.90M$56.90M$143.10M$166.20M
Stock-based compensation$96.10M$111.80M$61.10M$62.60M$52.80M$52.50M$47.40M$46.20M$44.60M$35.40M
Depreciation and amortization$442.60M$209.50M$176.50M$176.60M$191.80M$192.00M$209.70M$181.50M$138.00M$126.90M

Key ratios

Key ratios
Line item
May 31, 2026
May 31, 2025
May 31, 2024
May 31, 2023
May 31, 2022
May 31, 2021
May 31, 2020
May 31, 2019
May 31, 2018
May 31, 2017
Revenue growth, YoY16.9%5.6%5.4%8.6%13.7%0.4%7.1%11.7%7.1%6.8%
Net income growth, YoY6.2%-2.0%8.5%11.8%26.9%-0.1%6.2%4.1%20.3%9.2%
EPS growth, YoY6.8%-1.9%8.6%12.0%26.7%-0.3%6.3%4.0%20.6%9.1%
Gross margin74.3%72.4%72.0%71.0%70.6%68.7%68.3%68.8%69.9%-
Operating margin38.6%39.6%41.2%40.6%39.9%36.0%36.1%36.3%38.2%39.8%
Net margin27.0%29.7%32.0%31.1%30.2%27.1%27.2%27.4%29.4%26.2%
Free cash flow margin35.7%30.7%32.9%31.2%31.6%28.1%32.5%30.4%33.2%27.5%
Return on equity47.1%40.1%44.5%44.6%45.1%37.2%39.5%39.5%42.2%37.1%
Return on assets10.9%10.0%16.3%14.8%14.5%11.9%12.8%11.9%12.6%12.1%
Current ratio1.261.281.371.301.251.251.231.171.111.12
Debt to equity1.221.200.210.230.260.270.290.30--

Source: XBRL data Paychex Inc. files with the SEC, latest filing dated Sep 24, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

PAYX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
PAYX$6.60B+14.0%$1.81B27.4%$41.67B
ABNB$13.93B+16.7%$3.21B23.0%$113.76B
URI$17.50B+9.4%$2.86B16.3%$65.36B
PYPL$34.30B+4.4%$4.73B13.8%$49.20B
SUNB$11.47B-$1.39B12.1%$31.57B
AER$8.52B+6.5%$3.75B44.0%$26.20B
ROL$3.99B+8.3%$526.12M13.2%$18.14B
APG$8.91B+16.4%$367.00M4.1%$17.38B
ALLE$4.39B+10.3%$691.10M15.7%$15.63B

PAYX FAQ

9 questions
  • What is PAYX revenue?
    Paychex Inc. (PAYX) reported $6.60B of revenue for the twelve months ended Aug 31, 2026. That is up 14.0% from the year before. Revenue for fiscal 2026 was $6.51B.
  • Is PAYX profitable?
    Yes. Paychex Inc. earned $1.81B in net income for the twelve months ended Aug 31, 2026, a net margin of 27.4%.
  • How much cash and debt does PAYX have?
    Paychex Inc. reported $600.90M in cash and cash equivalents and $4.56B of debt on its most recent balance sheet in SEC filings.
  • How fast is PAYX revenue growing?
    Paychex Inc.'s revenue changed +16.9% in fiscal 2026, to $6.51B. Its compound annual growth rate was +9.9% over 5 years and +8.2% over 10 years.
  • What is PAYX gross margin?
    Paychex Inc.'s gross profit was $4.91B on $6.60B of revenue for the twelve months ended Aug 31, 2026, a gross margin of 74.4%.
  • What is PAYX free cash flow?
    Paychex Inc. generated $2.02B of free cash flow for the twelve months ended Aug 31, 2026, which is operating cash flow of $2.25B less capital expenditures.
  • What is PAYX earnings per share?
    Diluted earnings per share were $5.04 for the twelve months ended Aug 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did PAYX last report financial results?
    The latest statements here come from Paychex Inc.'s 10-Q filed on Sep 24, 2026, covering the period ended Aug 31, 2026.
  • Where does this PAYX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Paychex Inc. files with the SEC. It is provided for information only and is not investment advice.