Paychex

Industrials Human Resource & Employment Services Penfield, New York Last filing Jul 11, 2025 · FY2025

                    Revenue
                    FY2025
                
$5.4B
                    3y CAGR +2.6%
                    
                    P35
                    
                    n/a
                    
                    Net income
                    FY2025
                
$1.7B
                    Net margin +30.6%
                    
                    P97
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$16.6B
                    ROA +10.0%
                    
                    P70
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$1.9B
                    FCF margin +31.6%
                    
                    P99
                    
                    n/a

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 1 year

Total assets $16.6B

Total liabilities $12.4B

Shareholders equity $4.1B

Account	2025	Trend
Assets
Cash and Cash Equivalents	9.8%
Short Term Investments	0.2%
Accounts Receivable	0.3%
Prepaid Expenses	2.3%
Total Current Assets	53.8%
Property,Plant and Equipment	3.1%
Operating Lease Assets	0.4%
Goodwill	27.3%
Intangible Assets	11.8%
Deferred Tax Assets	2.7%
Other Noncurrent Assets	0.8%
Total Assets	100.0%
Liabilities
Accounts Payable	0.8%
Accrued Liabilities	3.3%
Deferred Revenue	0.4%
Current Portion of Long Term Debt	2.4%
Other Current Liabilities	3.3%
Total Current Liabilities	42.0%
Long Term Debt	27.5%
Operating Lease Liabilities Noncurrent	0.3%
Deferred Tax Liabilities	2.7%
Other Noncurrent Liabilities	1.9%
Total Liabilities	75.1%
Equity
Common Stock	0.0%
Additional Paid In Capital	11.5%
Retained Earnings	13.7%
Accumulated Other Comprehensive Income	-0.3%
Total Stockholders Equity	24.9%
Total Liabilitiesand Equity	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 1 year

Revenue $5.4B

Operating income $2.2B

Net income $1.7B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	32.7%
Expenses Cost of Revenue	9.3%
Expenses Selling,General and Administrative	11.0%
Expenses Depreciation and Amortization	1.3%
Expenses Share Based Compensation	0.7%
Expenses Operating Expenses	20.3%
Other Income Expense Operating Income	13.3%
Other Income Expense Interest Income	0.4%
Other Income Expense Other Income/expense	0.0%
Other Income Expense Income Before Tax	13.1%
Income Tax Income Tax Expense	3.1%
net Income net Income	10.0%
net Income Comprehensive Income	10.6%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	2.2%
Earnings Per Share Weighted Average Shares Diluted	2.2%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 1 year

Operating cash flow $1.9B

Investing cash flow $-3.4B

Financing cash flow $2.3B

Account	2025	Trend
CashFlow
Operating Activities net Income	10.0%
Operating Activities Depreciation and Amortization	1.3%
Operating Activities Stock Based Compensation	0.7%
Operating Activities Deferred Income Taxes	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	0.9%
Operating Activities net Cash From Operating Activities	11.5%
Investing Activities Capital Expenditures	1.2%
Investing Activities Business Acquisitions	17.9%
Investing Activities Purchases of Investments	86.3%
Investing Activities Proceeds From Sale of Investments	86.3%
Investing Activities net Cash From Investing Activities	-20.3%
Financing Activities Repurchase of Common Stock	0.6%
Financing Activities Dividends Paid	8.7%
Financing Activities Other Financing Activities	0.3%
Financing Activities net Cash From Financing Activities	13.8%
Cash Reconciliation Effect of Exchange Rate On Cash	16.5%
Cash Reconciliation net Change In Cash	5.1%
Cash Reconciliation Cash At Beginning of Period	16.5%
Cash Reconciliation Cash At End of Period	16.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+71.5%
Operating margin	+40.8%
Net margin	+30.6%
FCF margin	+31.6%
Growth
Revenue CAGR (3y)	+2.6%
Returns
ROE	+40.1%
ROA	+10.0%
ROIC	+22.6%
Liquidity
Current ratio	1.28x
Quick ratio	0.24x
Leverage
D/E	3.01x
Interest coverage	—
Efficiency
Asset turnover	0.33x
Cash conversion cycle	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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Paychex

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

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