Revenue
1.63 billion USD
2027 Q1 · USD
Exact inputs and evidence
- Revenue: 1630500000 USD Source
Fundies. English
PAYCHEX, INC.
EDGARAnnual consolidated revenue for 2026: about USD 6.512B, using the latest reported figures. The previous period, 2025, was about USD 5.572B.
Latest quarter
Operating margin
37.98%
2027 Q1 · %
Operating cash flow
414 million USD
2027 Q1 · USD
Exact inputs and evidence
- Operating Cash Flow: 413500000 USD Source
Free cash flow
357 million USD
2027 Q1 · USD
- Cash and cash equivalents
- 601 million USD Source
Exact value
600900000 USD
- Long-term debt including current maturities
- 4.56 billion USD Source
Exact value
4558000000 USD
- Shares outstanding
- 356 million shares Source
Exact value
356000000 shares
Reported share-count change
-1.08% · -3.9 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Net income
1.81 billion USD
2025-09-01 – 2026-08-31
Exact inputs and evidence
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-16.
Financial data available through: 2026-05-31.
Coverage by financial measure
- Revenue: 7 of 11 periods available· newest 2026-05-31
- Operating income: 7 of 11 periods available· newest 2026-05-31
- Net income: 3 of 11 periods available· newest 2026-05-31
- Operating cash flow: 7 of 11 periods available· newest 2026-05-31
- Capital expenditure: 7 of 11 periods available· newest 2026-05-31
- Total assets: 6 of 11 periods available· newest 2026-05-31
- Total liabilities: 6 of 11 periods available· newest 2026-05-31
- Current assets: 6 of 11 periods available· newest 2026-05-31
- Current liabilities: 6 of 11 periods available· newest 2026-05-31
- Cash and cash equivalents: 7 of 11 periods available· newest 2026-05-31
- Long-term debt including current maturities: 6 of 11 periods available· newest 2026-05-31
- Shares outstanding: 6 of 11 periods available· newest 2026-05-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+16.9%Prior period
USD 5.57 billion
–
Current period
USD 6.51 billion
–
Exact inputs and evidence
6512000000 − 5571700000 = 940300000 USD
5571700000 USD · 2024-06-01 – 2025-05-31
Inspect prior input Prior source6512000000 USD · 2025-06-01 – 2026-05-31
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Net income
+6.2%Prior period
USD 1.66 billion
–
Current period
USD 1.76 billion
–
Exact inputs and evidence
1760100000 − 1657300000 = 102800000 USD
1657300000 USD · 2024-06-01 – 2025-05-31
Inspect prior input Prior source1760100000 USD · 2025-06-01 – 2026-05-31
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Operating cash flow
+34.5%Prior period
USD 1.9 billion
–
Current period
USD 2.56 billion
–
Exact inputs and evidence
2556700000 − 1900900000 = 655800000 USD
1900900000 USD · 2024-06-01 – 2025-05-31
Inspect prior input Prior source2556700000 USD · 2025-06-01 – 2026-05-31
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Capital expenditure
+22.5%Prior period
USD 191.8 million
–
Current period
USD 234.9 million
–
Exact inputs and evidence
234900000 − 191800000 = 43100000 USD
191800000 USD · 2024-06-01 – 2025-05-31
Inspect prior input Prior source234900000 USD · 2025-06-01 – 2026-05-31
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Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2026 2025-06-01 – 2026-05-31
- Revenue USD 6.51 billion 100% of revenue
- Operating costs Derived USD 4 billion 61% of revenue
- Operating income USD 2.51 billion 39% of revenue
- Tax, interest and other Derived USD 750.4 million 12% of revenue
- Net income USD 1.76 billion 27% of revenue
Cash
- Operating cash flow USD 2.56 billion 39% of revenue
- Capital expenditure USD 234.9 million 3.6% of revenue
- Free cash flow Derived USD 2.32 billion 36% of revenue
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2020 Not shown: operating income or net income is not reported.
- 2021 Not shown: operating income or net income is not reported.
- 2022 Not shown: operating income or net income is not reported.
- 2023 Not shown: operating income or net income is not reported.
- 2024 32%9.2%59%
- 2025 30%9.9%60%
- 2026 27%12%61%
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2020 2019-06-01 – 2020-05-31 | 4040500000 | 2580000000 Derived | 1460500000 | Unavailable | Unavailable | 1313900000 Derived | Source
|
| 2021 2020-06-01 – 2021-05-31 | 4056800000 | 2596100000 Derived | 1460700000 | Unavailable | Unavailable | 1141900000 Derived | Source
|
| 2022 2021-06-01 – 2022-05-31 | 4611700000 | 2771700000 Derived | 1840000000 | Unavailable | Unavailable | 1455900000 Derived | Source
|
| 2023 2022-06-01 – 2023-05-31 | 5007100000 | 2974000000 Derived | 2033100000 | Unavailable | Unavailable | 1563200000 Derived | Source
|
| 2024 2023-06-01 – 2024-05-31 | 5278300000 | 3104200000 Derived | 2174100000 | 483700000 Derived | 1690400000 | 1736300000 Derived | Source
|
| 2025 2024-06-01 – 2025-05-31 | 5571700000 | 3364000000 Derived | 2207700000 | 550400000 Derived | 1657300000 | 1709100000 Derived | Source
|
| 2026 2025-06-01 – 2026-05-31 | 6512000000 | 4001500000 Derived | 2510500000 | 750400000 Derived | 1760100000 | 2321800000 Derived | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 6.5B 2026
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2020 | Revenue | 4040500000 |
|
| 2021 | Revenue | 4056800000 |
|
| 2022 | Revenue | 4611700000 |
|
| 2023 | Revenue | 5007100000 |
|
| 2024 | Revenue | 5278300000 |
|
| 2025 | Revenue | 5571700000 |
|
| 2026 | Revenue | 6512000000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
16.9% 2026
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2020 | Year over year | No prior comparable period |
|
| 2021 | Year over year | 0.4% |
|
| 2022 | Year over year | 13.7% |
|
| 2023 | Year over year | 8.6% |
|
| 2024 | Year over year | 5.4% |
|
| 2025 | Year over year | 5.6% |
|
| 2026 | Year over year | 16.9% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin 38.6% 2026
Net margin 27% 2026
Free cash flow margin 35.7% 2026
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2020 | Operating margin | 36.1% |
|
| 2021 | Operating margin | 36% |
|
| 2022 | Operating margin | 39.9% |
|
| 2023 | Operating margin | 40.6% |
|
| 2024 | Operating margin | 41.2% |
|
| 2025 | Operating margin | 39.6% |
|
| 2026 | Operating margin | 38.6% |
|
| 2020-05-31 | Net margin | Not reported |
|
| 2021-05-31 | Net margin | Not reported |
|
| 2022-05-31 | Net margin | Not reported |
|
| 2023-05-31 | Net margin | Not reported |
|
| 2024 | Net margin | 32% |
|
| 2025 | Net margin | 29.7% |
|
| 2026 | Net margin | 27% |
|
| 2020 | Free cash flow margin | 32.5% |
|
| 2021 | Free cash flow margin | 28.1% |
|
| 2022 | Free cash flow margin | 31.6% |
|
| 2023 | Free cash flow margin | 31.2% |
|
| 2024 | Free cash flow margin | 32.9% |
|
| 2025 | Free cash flow margin | 30.7% |
|
| 2026 | Free cash flow margin | 35.7% |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 2.6B 2026
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2020 | Operating cash flow | 1440900000 |
|
| 2021 | Operating cash flow | 1260300000 |
|
| 2022 | Operating cash flow | 1589700000 |
|
| 2023 | Operating cash flow | 1706200000 |
|
| 2024 | Operating cash flow | 1897700000 |
|
| 2025 | Operating cash flow | 1900900000 |
|
| 2026 | Operating cash flow | 2556700000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD 2.3B 2026
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2020 | Free cash flow | 1313900000 |
|
| 2021 | Free cash flow | 1141900000 |
|
| 2022 | Free cash flow | 1455900000 |
|
| 2023 | Free cash flow | 1563200000 |
|
| 2024 | Free cash flow | 1736300000 |
|
| 2025 | Free cash flow | 1709100000 |
|
| 2026 | Free cash flow | 2321800000 |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
76.9% 2026
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2020-05-31 | Liabilities / assets | Not reported | No source recorded |
| 2021 | Liabilities / assets | 68.1% |
|
| 2022 | Liabilities / assets | 68% |
|
| 2023 | Liabilities / assets | 66.9% |
|
| 2024 | Liabilities / assets | 63.4% |
|
| 2025 | Liabilities / assets | 75.1% |
|
| 2026 | Liabilities / assets | 76.9% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.26× 2026
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2020-05-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2021 | Current assets / current liabilities | 1.25× |
|
| 2022 | Current assets / current liabilities | 1.25× |
|
| 2023 | Current assets / current liabilities | 1.3× |
|
| 2024 | Current assets / current liabilities | 1.37× |
|
| 2025 | Current assets / current liabilities | 1.28× |
|
| 2026 | Current assets / current liabilities | 1.26× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2020 2019-06-01 – 2020-05-31 | Unavailable Not reported for this period. | USD 1.44 billion Exact valueExact value: 1440900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 127 million Exact valueExact value: 127000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.31 billion Calculation and evidence1440900000 − 127000000 USD Exact free cash flow: 1313900000 USD
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| 2021 2020-06-01 – 2021-05-31 | Unavailable Not reported for this period. | USD 1.26 billion Exact valueExact value: 1260300000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 118.4 million Exact valueExact value: 118400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.14 billion Calculation and evidence1260300000 − 118400000 USD Exact free cash flow: 1141900000 USD
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| 2022 2021-06-01 – 2022-05-31 | Unavailable Not reported for this period. | USD 1.59 billion Exact valueExact value: 1589700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 133.8 million Exact valueExact value: 133800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.46 billion Calculation and evidence1589700000 − 133800000 USD Exact free cash flow: 1455900000 USD
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| 2023 2022-06-01 – 2023-05-31 | Unavailable Not reported for this period. | USD 1.71 billion Exact valueExact value: 1706200000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 143 million Exact valueExact value: 143000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.56 billion Calculation and evidence1706200000 − 143000000 USD Exact free cash flow: 1563200000 USD
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| 2024 2023-06-01 – 2024-05-31 | USD 1.69 billion Exact valueExact value: 1690400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.9 billion Exact valueExact value: 1897700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 161.4 million Exact valueExact value: 161400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.74 billion Calculation and evidence1897700000 − 161400000 USD Exact free cash flow: 1736300000 USD
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| 2025 2024-06-01 – 2025-05-31 | USD 1.66 billion Exact valueExact value: 1657300000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.9 billion Exact valueExact value: 1900900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 191.8 million Exact valueExact value: 191800000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.71 billion Calculation and evidence1900900000 − 191800000 USD Exact free cash flow: 1709100000 USD
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| 2026 2025-06-01 – 2026-05-31 | USD 1.76 billion Exact valueExact value: 1760100000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.56 billion Exact valueExact value: 2556700000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 234.9 million Exact valueExact value: 234900000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.32 billion Calculation and evidence2556700000 − 234900000 USD Exact free cash flow: 2321800000 USD
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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
135 filings · 5,916 latest values · 5,916 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0000723531, 723531, PAYX, edgar:723531
Also known as PAYCHEX INC, PAYCHEX, INC., Paychex, Inc.