balance equationreview2017-05-31
Difference 271900000 exceeds tolerance 6833700.000. Presentation or filing-vintage differences need review.
Revenue
$6.51B
Fiscal year ended 2026-05-31Operating income
$2.51B
Fiscal year ended 2026-05-31Free cash flow
$2.32B
Fiscal year ended 2026-05-31PAYCHEX INC (PAYX) reported revenue of $6.51B and net income of $1.76B for the fiscal year ended 2026-05-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from PAYCHEX INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Engineering, Accounting, Research, Management.
Income
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.51B | $5.57B | $5.28B | $5.01B | $4.61B | $4.06B | $4.04B | $3.77B | $3.38B | $3.15B |
| Cost of revenue | $1.67B | $1.54B | $1.48B | $1.45B | $1.36B | $1.27B | $1.28B | $1.18B | $1.02B | Unavailable |
| Gross profit | $4.84B | $4.03B | $3.80B | $3.55B | $3.26B | $2.79B | $2.76B | $2.59B | $2.36B | Unavailable |
| Operating income | $2.51B | $2.21B | $2.17B | $2.03B | $1.84B | $1.46B | $1.46B | $1.37B | $1.29B | $1.25B |
| Net income | $1.76B | $1.66B | $1.69B | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 360.00M | shares 362.00M | shares 362.10M | shares 362.30M | shares 363.10M | shares 362.10M | shares 361.00M | shares 361.80M | shares 361.50M | shares 362.60M |
| Pretax income | $2.31B | $2.18B | $2.22B | $2.05B | $1.82B | $1.43B | $1.44B | $1.37B | $1.30B | $1.26B |
| Income tax expense | $550.80M | $518.60M | $527.60M | $490.90M | $431.80M | $336.70M | $339.00M | $333.60M | $306.00M | $432.80M |
| Diluted EPS | $4.89 | $4.58 | $4.67 | $4.30 | $3.84 | $3.03 | $3.04 | $2.86 | $2.75 | $2.28 |
| Selling, general & administrative | $2.33B | $1.82B | $1.62B | $1.52B | $1.42B | $1.32B | $1.30B | $1.22B | $1.07B | $979.70M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.09B | $1.63B | $1.47B | $1.22B | $370.00M | $995.20M | $905.20M | $673.60M | $358.20M | $184.60M |
| Total assets | $16.17B | $16.56B | $10.38B | $10.55B | $9.64B | $9.23B | $8.55B | $8.68B | $7.92B | $6.83B |
| Current assets | $8.61B | $8.92B | $7.25B | $7.53B | $6.58B | $6.17B | $5.46B | $5.68B | $5.89B | $5.27B |
| Total liabilities | $12.44B | $12.44B | $6.58B | $7.05B | $6.55B | $6.28B | $5.77B | $6.06B | $5.56B | $4.88B |
| Current liabilities | $6.84B | $6.96B | $5.31B | $5.81B | $5.27B | $4.94B | $4.43B | $4.84B | $5.30B | $4.73B |
| Total equity incl. NCI | $3.74B | $4.13B | $3.80B | $3.49B | $3.09B | $2.95B | $2.78B | $2.62B | $2.36B | $2.23B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $4.53B | $4.51B | $1.88B | $1.83B | $1.83B | $1.82B | $1.79B | $1.78B | $814.00M | $657.10M |
| Long-term debt | $4.56B | $4.55B | $798.60M | $798.20M | $797.70M | $797.30M | $796.80M | $796.40M | Unavailable | Unavailable |
| Accounts payable | $154.80M | $129.80M | $104.30M | $84.70M | $105.70M | $89.00M | $79.40M | $75.90M | $73.70M | $57.20M |
Cash flow
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.56B | $1.90B | $1.90B | $1.71B | $1.59B | $1.26B | $1.44B | $1.27B | $1.28B | $960.40M |
| Capital expenditures | $234.90M | $191.80M | $161.40M | $143.00M | $133.80M | $118.40M | $127.00M | $123.80M | $154.00M | $94.30M |
| Investing cash flow | -$1.15B | -$3.36B | -$260.90M | $211.70M | -$1.51B | -$460.60M | $771.90M | -$1.63B | $998.50M | -$662.20M |
| Financing cash flow | -$2.65B | $2.29B | -$1.87B | -$711.40M | -$979.30M | -$636.40M | -$1.49B | -$1.01B | -$423.80M | -$482.70M |
| Net change in cash | -$1.25B | $837.30M | -$237.90M | $1.21B | -$894.70M | $163.30M | $724.60M | -$1.37B | $1.85B | -$184.50M |
| Stock-based compensation | $96.10M | $111.80M | $61.10M | $62.60M | $52.80M | $52.50M | $47.40M | $46.20M | $44.60M | $35.40M |
| Common dividends paid | $1.59B | $1.45B | $1.32B | $1.18B | $999.60M | $908.70M | $889.40M | $826.80M | $739.70M | $662.30M |
| Common share repurchases | $611.00M | $104.50M | $169.20M | $0 | $145.20M | $155.70M | $171.90M | $56.90M | $143.10M | $166.20M |
| Depreciation & amortization | $442.60M | $209.50M | $176.50M | $176.60M | $191.80M | $192.00M | $209.70M | $181.50M | $138.00M | $126.90M |
Derived
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $2.32B | $1.71B | $1.74B | $1.56B | $1.46B | $1.14B | $1.31B | $1.15B | $1.12B | $866.10M |
| Gross margin | 74.3% | 72.4% | 72.0% | 71.0% | 70.6% | 68.7% | 68.3% | 68.8% | 69.9% | Unavailable |
| Operating margin | 38.6% | 39.6% | 41.2% | 40.6% | 39.9% | 36.0% | 36.1% | 36.3% | 38.2% | 39.8% |
| FCF margin | 35.7% | 30.7% | 32.9% | 31.2% | 31.6% | 28.1% | 32.5% | 30.4% | 33.2% | 27.5% |
| SBC / revenue | 1.5% | 2.0% | 1.2% | 1.3% | 1.1% | 1.3% | 1.2% | 1.2% | 1.3% | 1.1% |
| Current ratio | 1.26x | 1.28x | 1.37x | 1.30x | 1.25x | 1.25x | 1.23x | 1.17x | 1.11x | 1.12x |
| Revenue YoY growth | 16.9% | 5.6% | 5.4% | 8.6% | 13.7% | 0.4% | 7.1% | 11.7% | 7.1% | Unavailable |
| Net margin | 27.0% | 29.7% | 32.0% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 3.6% | 3.4% | 3.1% | 2.9% | 2.9% | 2.9% | 3.1% | 3.3% | 4.6% | 3.0% |
| Long-term debt / equity | 1.22x | 1.10x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 23.8% | 23.8% | 23.8% | 24.0% | 23.7% | 23.5% | 23.6% | 24.4% | 23.5% | 34.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PAYX in the interactive workspace to inspect any figure back to its filing.
Source filings
10-K · Filed 2026-07-17View SEC filing
10-Q · Filed 2026-03-26View SEC filing
10-Q · Filed 2025-12-22View SEC filing
10-Q · Filed 2025-09-30View SEC filing
10-K · Filed 2025-07-11View SEC filing
10-Q · Filed 2025-03-26View SEC filing
Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.