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Paychex, Inc. (PAYX)
NASDAQ: PAYX · Real-Time Price · USD
116.51
-0.21 (-0.18%)
At close: Sep 17, 2026, 4:00 PM EDT
117.00
+0.49 (0.42%)
After-hours: Sep 17, 2026, 7:55 PM EDT

Paychex Cash Flow Statement

Millions USD. Fiscal year is Jun - May.

Operating Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21 Aug '21
Net Income
420.6560.3395.4383.8297.2519.3413.4427.4379.9498.6392.7419.2350.4467.4360.3379.2296.4430.7332.1333.6
Depreciation & Amortization
129.2111109.1109.399.743.141.73971.444.844.941.244.144.244.34449.148.448.645.7
Other Amortization
64.662.861.460.459.959.358.858.558.358.357.957.256.155.554.55351.951.15049.1
Loss (Gain) From Sale of Assets
6.2---3.7---32.8---1.3-------
Loss (Gain) From Sale of Investments
-2.1-1.9-9.1-2.118.311.1-2.8-2.80.3-1.8-1.5-1.412.24.75.25.96.577.47.8
Stock-Based Compensation
20.723.125.526.861.317.616.416.51614.414.71616.616.315.314.413.612.81412.4
Provision & Write-off of Bad Debts
916.94.57.76.65.24.97.54.94.95.74.34.653.64.59.30.24.6-3.6
Other Operating Activities
-11.321.811.266-13.7-25.81.5-11-34.7-14.5-3.2-3.2-18.4-10.3-17.82.5-1-2.2-611.5
Change in Accounts Receivable
-38.7-11-37.2-18.9-30.8-31.3-32.2-36.4116.5-56.4-19.572.45.8-59-21.3-61.2-120.9164.3-290-30.4
Change in Accounts Payable
59.4109.7-2.6124.9-65.5101.1-58.965.6-311.2117.6-37.8104.47.789.849.9-61.198.4-41.6124.1-29.1
Change in Other Net Operating Assets
-76.7-80.2-113.3-39.5-92.916.4-147.8-18.2-112.55.8-142.6-17.1-63-44.5-138.6-16.9-66.1-57.8-115-11.4
Operating Cash Flow
580.9812.5444.9718.4343.8716295546.1221.7671.7311.3693417.4569.1355.4364.3337.2612.9169.8385.6
Operating Cash Flow Growth (YoY)
68.97%13.48%50.81%31.55%55.07%6.59%-5.24%-21.20%-46.88%18.03%-12.41%90.23%23.78%-7.15%109.31%-5.52%-13.47%39.33%-21.28%79.35%

Investing Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21 Aug '21
Capital Expenditures
-65.9-51-62.1-55.9-60.5-48.7-47-35.6-41.3-40.7-40.7-38.7-46-31.1-35.3-30.6-34.5-34.7-34.2-30.4
Sale of Property, Plant & Equipment
-------------79.7-1.2---
Cash Acquisitions
--0.1-0.1-0.2-2,968------0.3-2081.6-4.3-----24.9-
Investment in Securities
-63.378.1461.2-1,185-37.632.111.8-16.7-45.534.926.1277.2-100.7-667.8-132.91,259-219.2-678.4-364.69.4
Other Investing Activities
-98.2-25.6-22.7-62-9.537.6-157.5-57.7-56.3-2.3-81.6-43.7-6.932.1-36.8-5.6-0.3-3.6-5.4-1.3
Investing Cash Flow
-227.41.4376.3-1,303-3,07521-192.7-110-143.1-8.1-96.5-13.2-152-664.1-195.31,223-252.8-716.7-429.1-22.3

Financing Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21 Aug '21
Short-Term Debt Issued
-----------3.8---2----
Total Debt Issued
----4,181----5.2-3.8---2--0.21.5-
Short-Term Debt Repaid
--------------------0.3
Total Debt Repaid
-400-18.8----------------0.3-0.3
Net Debt Issued (Repaid)
-400-18.8--4,181----5.2-3.8---2--0.21.8-0.3
Issuance of Common Stock
-----4.98-118.134----6.5124.1-
Repurchase of Common Stock
-249.4-75-126.5-160.1-9.1--0.5-104---169.2------145.2---
Common Dividends Paid
-424.6-388-387.9-389.1-389.3-353-352.8-353.4-352.8-320.4-320.2-321.9-320.9-284.8-284.7-284.6-284.7-238.5-238.3-238.1
Other Financing Activities
-717.3717.1-6833.8-710.2345.453.9-27.6-2,373614.6-50.71,384-1721,11743.3-527.1-522.5496.2141.226.7
Financing Cash Flow
-1,791235.3-582.4-515.43,072-2.7-291.4-485-2,715307.5-537.11,069-492.9832.6-241.4-809.7-945.9269.5-91.2-211.7

Net Cash Flow

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21 Aug '21
Net Cash Flow
-1,4381,049238.8-1,100341734.3-189.1-48.9-2,636971.1-322.31,749-227.5737.6-81.3777.7-861.5165.7-350.5151.6

Free Cash Flow

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21 Aug '21
Free Cash Flow
515761.5382.8662.5283.3667.3248510.5180.4631270.6654.3371.4538320.1333.7302.7578.2135.6355.2
Free Cash Flow Growth (YoY)
81.79%14.12%54.35%29.78%57.04%5.75%-8.35%-21.98%-51.43%17.29%-15.46%96.07%22.70%-6.95%136.06%-6.05%-16.38%41.85%-25.41%82.81%
Free Cash Flow Margin
32.08%42.10%24.58%43.02%19.85%44.22%18.83%38.72%13.93%43.84%21.51%50.88%30.20%38.96%26.89%27.66%26.45%45.31%12.23%32.80%
Free Cash Flow Per Share
1.442.121.061.830.781.840.691.410.501.750.751.801.021.490.880.920.831.590.370.98
Levered Free Cash Flow
510.03699.93392.31530.68411.49684.5960.18353.1996.29587.94169.56495.71280.74563.71339.44343.66402.96626.33165.48358.66
Unlevered Free Cash Flow
550.46742.49435.13573.3451.3698.7166.11359.19102.23594.13174.88501.59286.61569.34345.19349.35408.65631.95171.29364.41

Additional Metrics

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
May '26 Feb '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Nov '23 Aug '23 May '23 Feb '23 Nov '22 Aug '22 May '22 Feb '22 Nov '21 Aug '21
Cash Interest Paid
267.6---37.5---36.2---35.7---35.5---
Cash Income Tax Paid
310.3---512.4---539.5---525.8---397.7---
Change in Working Capital
-5618.5-153.166.5-189.286.2-238.911-307.267-199.9159.7-49.5-13.7-110-139.2-88.664.9-280.9-70.9
SEC Filings: 10-K · 10-Q