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

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	$1.6B
Short Term Investments	$34.5M
Accounts Receivable	$52.0M
Prepaid Expenses	$378.3M
Total Current Assets	$8.9B
Property,Plant and Equipment	$511.5M
Operating Lease Assets	$63.8M
Goodwill	$4.5B
Intangible Assets	$1.9B
Deferred Tax Assets	$444.7M
Other Noncurrent Assets	$128.5M
Total Assets	$16.6B
Liabilities
Accounts Payable	$129.8M
Accrued Liabilities	$552.0M
Deferred Revenue	$69.4M
Current Portion of Long Term Debt	$399.8M
Other Current Liabilities	$552.0M
Total Current Liabilities	$7.0B
Long Term Debt	$4.5B
Operating Lease Liabilities Noncurrent	$55.5M
Deferred Tax Liabilities	$444.7M
Other Noncurrent Liabilities	$312.2M
Total Liabilities	$12.4B
Equity
Common Stock	$3.6M
Additional Paid In Capital	$1.9B
Retained Earnings	$2.3B
Accumulated Other Comprehensive Income	$-53.7M
Total Stockholders Equity	$4.1B
Total Liabilitiesand Equity	$16.6B

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	$5.4B
Expenses Cost of Revenue	$1.5B
Expenses Selling,General and Administrative	$1.8B
Expenses Depreciation and Amortization	$209.5M
Expenses Share Based Compensation	$111.8M
Expenses Operating Expenses	$3.4B
Other Income Expense Operating Income	$2.2B
Other Income Expense Interest Income	$72.8M
Other Income Expense Other Income/expense	$800.0K
Other Income Expense Income Before Tax	$2.2B
Income Tax Income Tax Expense	$518.6M
net Income net Income	$1.7B
net Income Comprehensive Income	$1.7B
Earnings Per Share Basic Eps	$5
Earnings Per Share Diluted Eps	$5
Earnings Per Share Weighted Average Shares Basic	$360.2M
Earnings Per Share Weighted Average Shares Diluted	$362.0M

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	$1.7B
Operating Activities Depreciation and Amortization	$209.5M
Operating Activities Stock Based Compensation	$111.8M
Operating Activities Deferred Income Taxes	$-15.8M
Operating Activities Changes In Operating Assets and Liabilities	$142.7M
Operating Activities net Cash From Operating Activities	$1.9B
Investing Activities Capital Expenditures	$191.8M
Investing Activities Business Acquisitions	$3.0B
Investing Activities Purchases of Investments	$14.3B
Investing Activities Proceeds From Sale of Investments	$14.3B
Investing Activities net Cash From Investing Activities	$-3.4B
Financing Activities Repurchase of Common Stock	$104.5M
Financing Activities Dividends Paid	$1.4B
Financing Activities Other Financing Activities	$47.8M
Financing Activities net Cash From Financing Activities	$2.3B
Cash Reconciliation Effect of Exchange Rate On Cash	$2.7B
Cash Reconciliation net Change In Cash	$837.3M
Cash Reconciliation Cash At Beginning of Period	$2.7B
Cash Reconciliation Cash At End of Period	$2.7B

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

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Margins, returns, liquidity, leverage, efficiency

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