Paychex, Inc. (PAYX)
NASDAQ: PAYX · Real-Time Price · USD
99.30
-2.07 (-2.04%)
At close: Sep 28, 2026, 4:00 PM EDT
99.95
+0.65 (0.65%)
After-hours: Sep 28, 2026, 7:50 PM EDT
Paychex Cash Flow Statement
Financials in millions USD. Fiscal year is June - May.
Millions USD. Fiscal year is Jun - May.
Operating Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Net Income | 1,806 | 1,760 | 1,657 | 1,690 | 1,557 | 1,393 |
Depreciation & Amortization | 459.1 | 458.6 | 223.5 | 202.3 | 194.2 | 191.8 |
Other Amortization | 254.8 | 249.2 | 236.5 | 231.7 | 219.1 | 202.1 |
Loss (Gain) From Sale of Assets | 6.2 | 6.2 | 3.7 | 32.8 | 1.3 | 0.4 |
Loss (Gain) From Sale of Investments | -15.3 | -15.2 | 23.8 | -4.4 | 28 | 28.7 |
Stock-Based Compensation | 88.6 | 96.1 | 111.8 | 61.1 | 62.6 | 52.8 |
Provision & Write-off of Bad Debts | 39 | 38.1 | 24.2 | 19.8 | 17.7 | 10.5 |
Other Operating Activities | 31 | 87.7 | -49 | -55.6 | -61.6 | 2.3 |
Change in Accounts Receivable | -160.2 | -105.8 | -130.7 | 113 | -135.7 | -154.1 |
Change in Accounts Payable | 109.8 | 291.4 | 42.3 | -127 | 86.3 | 113.1 |
Change in Other Net Operating Assets | -367.2 | -309.7 | -242.5 | -266.4 | -263 | -250.7 |
Operating Cash Flow | 2,252 | 2,557 | 1,901 | 1,898 | 1,706 | 1,590 |
Operating Cash Flow Growth | 8.62% | 34.50% | 0.17% | 11.22% | 7.33% | 26.14% |
Investing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Capital Expenditures | -235.1 | -234.9 | -191.8 | -161.4 | -143 | -133.8 |
Sale of Property, Plant & Equipment | - | - | - | - | 16.7 | 1.2 |
Cash Acquisitions | -18.3 | -0.4 | -2,968 | -208.3 | -2.7 | -24.9 |
Investment in Securities | 284.5 | -708.6 | -10.4 | 292.7 | 357.9 | -1,253 |
Other Investing Activities | -216.6 | -208.5 | -187.1 | -183.9 | -17.2 | -94.8 |
Investing Cash Flow | -185.5 | -1,152 | -3,357 | -260.9 | 211.7 | -1,505 |
Financing Activities
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Short-Term Debt Issued | - | - | - | 9 | 2 | 1.3 |
Long-Term Debt Issued | - | - | 4,181 | - | - | - |
Total Debt Issued | - | - | 4,181 | 9 | 2 | 1.3 |
Short-Term Debt Repaid | - | -18.8 | - | - | - | - |
Long-Term Debt Repaid | - | -400 | - | - | - | - |
Total Debt Repaid | -418.8 | -418.8 | - | - | - | - |
Net Debt Issued (Repaid) | -418.8 | -418.8 | 4,181 | 9 | 2 | 1.3 |
Issuance of Common Stock | - | - | 3.8 | 26.1 | - | 22.6 |
Repurchase of Common Stock | -450.9 | -611 | -104.5 | -169.2 | - | -145.2 |
Common Dividends Paid | -1,625 | -1,590 | -1,449 | -1,315 | -1,175 | -999.6 |
Other Financing Activities | -550.7 | -34.4 | -338.5 | -425.3 | 461.6 | 141.6 |
Financing Cash Flow | -3,045 | -2,654 | 2,293 | -1,875 | -711.4 | -979.3 |
Net Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Net Cash Flow | -978.7 | -1,250 | 837.3 | -237.9 | 1,207 | -894.7 |
Free Cash Flow
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Free Cash Flow | 2,017 | 2,322 | 1,709 | 1,736 | 1,563 | 1,456 |
Free Cash Flow Growth | 8.36% | 35.85% | -1.57% | 11.07% | 7.37% | 27.50% |
Free Cash Flow Margin | 30.54% | 35.65% | 30.68% | 32.90% | 31.22% | 31.57% |
Free Cash Flow Per Share | 5.62 | 6.45 | 4.72 | 4.79 | 4.32 | 4.01 |
Levered Free Cash Flow | 1,887 | 2,096 | 1,509 | 1,350 | 1,545 | 1,553 |
Unlevered Free Cash Flow | 2,054 | 2,264 | 1,575 | 1,373 | 1,568 | 1,576 |
Additional Metrics
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | May '25 May 31, 2025 | May '24 May 31, 2024 | May '23 May 31, 2023 | May '22 May 31, 2022 |
Cash Interest Paid | 267.6 | 267.6 | 37.5 | 36.2 | 35.7 | 35.5 |
Cash Income Tax Paid | 310.3 | 310.3 | 512.4 | 539.5 | 525.8 | 397.7 |
Change in Working Capital | -417.6 | -124.1 | -330.9 | -280.4 | -312.4 | -291.7 |