PAYCHEX INC

Listed Company

PAYXCIK 0000723531NasdaqLarge AcceleratedServices-Engineering, Accounting, Research, ManagementDelawareFY ends May 31

Period

FY 2026

Revenue

$6.51B

Net Income

$1.76B

Total Assets

$16.17B

Equity

$3.74B

Shares Out

355.68M

Op. Cash Flow

$2.56B

PAYX$114.40−20.18% · past yearDBEQ Basic

Daily closing prices

Business

Paychex Inc. is a human capital management (HCM) company providing comprehensive technology and advisory solutions in payroll processing, HR management, employee benefits, and insurance to a large customer base across the U.S. and parts of Europe. The company offers integrated HCM platforms, payroll processing services, HR management tools, talent acquisition and management, workforce management, benefits administration, retirement solutions, and PEO/insurance solutions. Paychex distributes solutions through direct and virtual sales forces, channel partners including CPAs and brokers, and digital marketing, with the majority of revenue derived from non-payroll solutions.

Summary from 10-K filed 2026-07-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	May 31, 2026 2026-05-31	May 31, 2025 2025-05-31	May 31, 2024 2024-05-31
Revenue:	—	—	—
Total service revenue	6,301	5,410	5,132
Interest on funds held for clients	211	162	146
Total revenue	6,512	5,572	5,278
Expenses:	—	—	—
Cost of service revenue	1,675	1,540	1,479
Selling, general and administrative expenses	2,327	1,824	1,625
Total expenses	4,002	3,364	3,104
Operating income	2,511	2,208	2,174
Interest expense	270	105	37
Other income, net	70	74	81
Income before income taxes	2,311	2,176	2,218
Income taxes	551	519	528
Net income	1,760	1,657	1,690
Other comprehensive income/(loss), net of tax	4	91	15
Comprehensive income	1,764	1,749	1,705
Basic earnings per share	4.9	4.6	4.69
Diluted earnings per share	4.89	4.58	4.67
Weighted-average common shares outstanding	359	360	360
Weighted-average common shares outstanding, assuming dilution	360	362	362

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	May 31, 2026 2026-05-31	May 31, 2025 2025-05-31
Assets	—	—
Cash and cash equivalents	1,088	1,629
Restricted cash	53	48
Corporate investments	36	35
Interest receivable	36	28
Accounts receivable, net of allowance for credit losses	1,508	1,331
PEO unbilled receivables, net of advance collections	664	617
Prepaid income taxes	11	39
Prepaid expenses and other current assets	385	378
Current assets before funds held for clients	3,781	4,103
Funds held for clients	4,832	4,813
Total current assets	8,613	8,917
Property and equipment, net of accumulated depreciation	589	512
Operating lease right-of-use assets, net of accumulated amortization	64	64
Intangible assets, net of accumulated amortization	1,684	1,947
Goodwill	4,527	4,514
Long-term deferred costs	556	482
Other long-term assets	141	129
Total assets	16,175	16,564
Liabilities	—	—
Accounts payable	155	130
Accrued corporate compensation and related items	162	184
Accrued worksite employee compensation and related items	845	736
Short-term debt	0	19
Long-term debt, net, current portion	0	400
Accrued income taxes	88	0
Deferred revenue	69	69
Other current liabilities	637	552
Current liabilities before client fund obligations	1,956	2,089
Client fund obligations	4,885	4,867
Total current liabilities	6,841	6,956
Accrued income taxes	141	119
Deferred income taxes	543	445
Long-term debt, net of debt issuance costs	4,556	4,548
Operating lease liabilities	52	56
Other long-term liabilities	307	312
Total liabilities	12,439	12,436
Commitments and contingencies - Note Q	—	—
Stockholders' equity	—	—
Common stock, $0.01 par value; Authorized: 600.0 shares; Issued and outstanding: 355.6 shares as of May 31, 2026 and 360.5 shares as of May 31, 2025	4	4
Additional paid-in capital	1,976	1,901
Retained earnings	1,806	2,277
Accumulated other comprehensive loss	−50	−54
Total stockholders' equity	3,735	4,128
Total liabilities and stockholders' equity	16,175	16,564

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	May 31, 2026 2026-05-31	May 31, 2025 2025-05-31	May 31, 2024 2024-05-31
Operating activities	—	—	—
Net income	1,760	1,657	1,690
Adjustments to reconcile net income to net cash provided by operating activities:	—	—	—
Depreciation and amortization	443	210	177
Amortization of discounts and premiums on AFS securities, net	8	−23	7
Amortization of deferred contract costs	249	237	232
Stock-based compensation costs	96	112	61
Provision of/(benefit from) deferred income taxes	104	−16	−30
Provision for credit losses	38	24	20
Net realized (gains)/losses on sales of AFS securities	8	−400,000	−3
Net realized losses on disposal of assets	−6	−4	−33
Premium paid on cash flow hedges	0	−19	0
Changes in operating assets and liabilities:	—	—	—
Interest receivable	8	4	−1
Accounts receivable and PEO unbilled receivables, net	106	131	−113
Prepaid expenses and other current assets	−40	12	25
Accounts payable and other current liabilities	291	42	−127
Deferred costs	343	247	245
Net change in other long-term assets and liabilities	−4	−22	−6
Net change in operating lease right-of-use assets and liabilities	3	2	4
Net cash provided by operating activities	2,557	1,901	1,898
Investing activities	—	—	—
Purchases of AFS securities	12,226	14,303	6,869
Proceeds from sales and maturities of AFS securities	11,518	14,293	7,161
Net change in purchased receivables	166	157	154
Purchases of property and equipment	235	192	161
Acquisition of businesses, net of cash acquired	400,000	2,968	208
Purchases of other assets	42	30	30
Net cash used in investing activities	−1,152	−3,357	−261
Financing activities	—	—	—
Net change in client fund obligations	18	−291	−425
Net proceeds from short-term borrowings	−19	0	9
Payments on long-term borrowings	400	0	0
Proceeds from issuance of corporate bonds	0	4,181	0
Dividends paid	1,590	1,449	1,315
Repurchases of common shares	611	105	169
Debt issuance costs	0	48	0
Activity related to equity-based plans	−52	4	26
Net cash (used in)/provided by financing activities	−2,654	2,293	−1,875
Net change in cash, restricted cash, and equivalents	−1,250	837	−238
Cash, restricted cash, and equivalents, beginning of fiscal year	2,734	1,897	2,135
Cash, restricted cash, and equivalents, end of fiscal year	1,485	2,734	1,897
Reconciliation of cash, restricted cash, and equivalents	—	—	—
Cash and cash equivalents	—	—	—
Restricted cash	—	—	—
Restricted cash and restricted cash equivalents included in funds held for clients	—	—	—
Total cash, restricted cash, and equivalents	—	—	—

Filings

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Frequently asked questions

What is PAYCHEX INC's CIK number?

PAYCHEX INC's SEC CIK number is 0000723531 (723531). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find PAYCHEX INC's SEC filings?

All of PAYCHEX INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did PAYCHEX INC last report earnings?

PAYCHEX INC (PAYX) most recently filed an earnings 8-K with the SEC on Jun 24, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-280314). This is PAYCHEX INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is PAYCHEX INC's most recent earnings 8-K?

PAYCHEX INC's latest earnings 8-K (Item 2.02) was filed Jun 24, 2026 under accession 0001193125-26-280314. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View PAYCHEX INC's latest earnings 8-K →
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