Paychex Inc (PAYX) Financial Statements
Industry: Engineering, Accounting, Research, Management (Services)
In fiscal 2026, Paychex reported revenue of $6.51B, up 16.9% from $5.57B the year before. Net income was $1.76B (a 27.0% net margin), or $4.89 per diluted share. Gross margin was 74.3% and operating margin was 38.6%. Operating activities generated $2.56B of cash, leaving $2.32B of free cash flow. At fiscal year end, Paychex held $16.17B in total assets against $12.44B in total liabilities, including $1.09B of cash and equivalents.
Open the full interactive Paychex financials → Quarterly statements, key ratios, valuation history and price charts.
Paychex Key Stats
| Share Price | $106.25 |
|---|---|
| Market Cap | $37.89B |
| P/E Ratio | 21.7 |
| Revenue YoY Growth | +16.9% |
| 52-Week Range | $83.61 – $127.34 |
| Shares Outstanding | 355.8 million (basic, 2027 Q1) |
Paychex Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $4.06B | $4.61B | $5.01B | $5.28B | $5.57B | $6.51B |
| Cost of Goods Sold | $2.60B | $2.77B | $2.97B | $3.10B | $3.36B | $4.00B |
| Gross Profit | $2.79B | $3.26B | $3.55B | $3.80B | $4.03B | $4.84B |
| Operating Income | $1.46B | $1.84B | $2.03B | $2.17B | $2.21B | $2.51B |
| Pre-Tax Income | $1.43B | $1.82B | $2.05B | $2.22B | $2.18B | $2.31B |
| Income Tax | $336.7M | $431.8M | $490.9M | $527.6M | $518.6M | $550.8M |
| Net Income | $1.10B | $1.39B | $1.56B | $1.69B | $1.66B | $1.76B |
| Diluted EPS | $3.03 | $3.84 | $4.30 | $4.67 | $4.58 | $4.89 |
Paychex Quarterly Results
| 2026 Q2 | 2026 Q3 | 2026 Q4 | 2027 Q1 | |
|---|---|---|---|---|
| Revenue | $1.56B | $1.81B | $1.61B | $1.63B |
| Net Income | $395.4M | $560.3M | $420.6M | $429.7M |
| Diluted EPS | $1.10 | $1.56 | $1.17 | $1.21 |
Paychex Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $995.2M | $370.0M | $1.22B | $1.47B | $1.63B | $1.09B |
| Current Assets | $6.17B | $6.58B | $7.53B | $7.25B | $8.92B | $8.61B |
| Total Assets | $9.23B | $9.64B | $10.55B | $10.38B | $16.56B | $16.17B |
| Current Liabilities | $4.94B | $5.27B | $5.81B | $5.31B | $6.96B | $6.84B |
| Total Long-Term Debt | $797.3M | $797.7M | $798.2M | $798.6M | $4.95B | $4.56B |
| Total Liabilities | $6.28B | $6.55B | $7.05B | $6.58B | $12.44B | $12.44B |
| Shareholders' Equity | $2.95B | $3.09B | $3.49B | $3.80B | $4.13B | $3.74B |
Paychex Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.26B | $1.51B | $1.70B | $1.90B | $1.90B | $2.56B |
| Cash From Investing | -$460.6M | -$1.42B | $218.5M | -$260.9M | -$3.36B | -$1.15B |
| Cash From Financing | -$636.4M | -$979.3M | -$711.4M | -$1.87B | $2.29B | -$2.65B |
| Free Cash Flow | $1.15B | $1.37B | $1.56B | $1.74B | $1.71B | $2.32B |
Figures from Paychex's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Paychex financials page for every line item.
Paychex Company Profile
| Ticker | PAYX |
|---|---|
| Exchange | Nasdaq |
| Industry | Engineering, Accounting, Research, Management (Services) |
| Headquarters | Rochester, New York |
| Incorporated in | Delaware |
| Fiscal Year End | May 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000723531 |
Frequently Asked Questions
What was Paychex's revenue in fiscal 2026?
Paychex (PAYX) reported revenue of $6.51B for fiscal 2026.
What is Paychex's annual revenue history?
Paychex's annual revenue by fiscal year: 2021: $4.06B; 2022: $4.61B; 2023: $5.01B; 2024: $5.28B; 2025: $5.57B; 2026: $6.51B.
What was Paychex's net income in fiscal 2026?
Paychex reported net income of $1.76B for fiscal 2026.
What was Paychex's earnings per share (EPS) in fiscal 2026?
Paychex's diluted EPS was $4.89 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Paychex generate in fiscal 2026?
Paychex generated $2.32B of free cash flow in fiscal 2026.
What was Paychex's revenue last quarter?
In its most recent reported quarter (2027 Q1), Paychex reported revenue of $1.63B.
How much debt does Paychex have?
Paychex reported $4.56B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Paychex are outstanding?
Paychex reported a weighted average of 355.8 million basic shares outstanding in 2027 Q1.
What is Paychex's market cap?
Based on its latest closing price, Paychex (PAYX) has a market capitalization of about $37.89B.
When does Paychex's fiscal year end?
Paychex's fiscal year end, as registered with the SEC, is May 31.
Where is Paychex headquartered?
Paychex lists its business address in Rochester, New York in its SEC filings.