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PAYCHEX INC

PAYX

$119.54 ▲ +0.87 (+0.73%) at close

20 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Moderately Bullish

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Analytical Summary

PAYCHEX INC demonstrates solid fundamentals with strength in Return on Common Equity (%). However, watch Debt to Equity which shows concerning trends. Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $42.9B

Dividend Yield 3.71%

Revenue Growth 16.9% ↗

Op. Margin 38.6% ↘

ROIC 23.1% ↗

FCF / Share $6.47 ↗

Trailing P/E 24.4x

Price / Book 11.4x

FCF Yield 5.4%

Debt / Equity 1.22

info Valuation on last close. End-of-day price, Nov 5, 2026.

20-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$6.51B

↑ +16.9% —

Net Income Profit after all expenses

$1.76B

↑ +6.2% —

Operating Margin Operating profit as % of sales

38.6%

↓ -2.7% 97th

FCF / Share Free cash flow per share

$6.47

↑ +36.3% —

Long-Term Debt Long-term obligations

$4.56B

↓ -7.9% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability →

Returns →

Financial Health →

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$4.43 Latest / share

+10.2% YoY

+10.2% 12-yr CAGR

$1.52

FY 2015

$1.68

FY 2016

$1.84

FY 2017

$2.06

FY 2018

$2.30

FY 2019

$2.48

FY 2020

$2.52

FY 2021

$2.77

FY 2022

$3.26

FY 2023

$3.65

FY 2024

$4.02

FY 2025

$4.43

FY 2026

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2026 May 31, 2026 10-K ↗	FY 2025 May 31, 2025 10-K ↗	FY 2024 May 31, 2024 10-K ↗	FY 2023 May 31, 2023 10-K ↗	FY 2022 May 31, 2022 10-K ↗	FY 2021 May 31, 2021 10-K ↗	FY 2020 May 31, 2020 10-K ↗	FY 2019 May 31, 2019 10-K ↗	FY 2018 May 31, 2018 10-K ↗	FY 2017 May 31, 2017 10-K ↗	FY 2016 May 31, 2016 10-K ↗	FY 2015 May 31, 2015 10-K ↗	FY 2014 May 31, 2014 10-K ↗	FY 2013 May 31, 2013 10-K ↗	FY 2012 May 31, 2012 10-K ↗	FY 2011 May 31, 2011 10-K ↗	FY 2010 May 31, 2010 10-K ↗	FY 2009 May 31, 2009 10-K ↗	FY 2008 May 31, 2008 10-K ↗	FY 2007 May 31, 2007 10-K ↗
Revenue Growth YoY (%)	16.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+238%)	5.6% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+11%)	5.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+8%)	8.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+71%)	13.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+174%)	0.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-92%)	7.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+42%)	11.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+134%)	7.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+44%)	6.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+35%)	7.7% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+55%)	8.8% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+75%)	8.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+66%)	4.3% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-14%)	7.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+40%)	4.2% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-17%)	-3.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-179%)	0.8% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-84%)	—	—
EPS Growth YoY (%)	6.5% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-1.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	8.6% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	11.9% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	26.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-0.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	6.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	4.0% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	22.0% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	8.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	12.9% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	8.1% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	10.3% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	3.3% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	6.3% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	7.6% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-10.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-5.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	6.2% Fair → Fair Stable Year-over-year change in net income	-2.0% Weak ↓ Weak Declining Year-over-year change in net income	8.5% Fair ↓ Fair Declining Year-over-year change in net income	11.8% Fair ↑ Fair Improving Year-over-year change in net income	26.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-0.1% Weak ↓ Weak Declining Year-over-year change in net income	6.2% Fair ↓ Fair Declining Year-over-year change in net income	4.1% Caution ↓ Caution Declining Year-over-year change in net income	21.6% Good ↑ Good Improving Year-over-year change in net income	8.0% Fair ↓ Fair Declining Year-over-year change in net income	12.1% Fair ↑ Fair Improving Year-over-year change in net income	7.6% Fair ↑ Fair Improving Year-over-year change in net income	10.3% Fair ↑ Fair Improving Year-over-year change in net income	3.8% Caution ↑ Caution Improving Year-over-year change in net income	6.3% Fair ↑ Fair Improving Year-over-year change in net income	8.0% Fair ↑ Fair Improving Year-over-year change in net income	-10.6% Weak Weak Year-over-year change in net income	-7.4% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	36.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-1.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	11.1% Fair ↑ Fair Improving Year-over-year change in free cash flow	14.0% Fair ↑ Fair Improving Year-over-year change in free cash flow	19.5% Good ↑ Good Improving Year-over-year change in free cash flow	-13.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	14.7% Fair ↓ Fair Declining Year-over-year change in free cash flow	2.2% Caution Caution Year-over-year change in free cash flow	29.9% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	-6.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	0.2% Caution ↑ Caution Improving Year-over-year change in free cash flow	11.7% Fair ↑ Fair Improving Year-over-year change in free cash flow	-12.1% Weak Weak Year-over-year change in free cash flow	-0.8% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	9.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	6.5% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.4% Fair → Fair Stable Compound annual revenue growth over 3 years	6.9% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	6.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	8.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	8.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.2% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.8% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	8.3% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.1% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	6.5% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	5.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	2.3% Caution Caution Compound annual revenue growth over 3 years	0.3% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	9.9% Good ↑ Good Improving Compound annual revenue growth over 5 years	6.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	6.9% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	8.2% Good ↑ Good Improving Compound annual revenue growth over 5 years	7.9% Fair → Fair Stable Compound annual revenue growth over 5 years	6.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	8.1% Good → Good Stable Compound annual revenue growth over 5 years	8.4% Good ↑ Good Improving Compound annual revenue growth over 5 years	7.7% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	7.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	7.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	6.5% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	3.9% Caution Caution Compound annual revenue growth over 5 years	2.4% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	4.3% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	6.0% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	15.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	12.2% Good ↑ Good Improving Compound annual EPS growth over 3 years	10.3% Good ↑ Good Improving Compound annual EPS growth over 3 years	3.3% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	10.5% Good ↓ Good Declining Compound annual EPS growth over 3 years	11.1% Good → Good Stable Compound annual EPS growth over 3 years	14.2% Good ↑ Good Improving Compound annual EPS growth over 3 years	9.7% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	10.4% Good ↑ Good Improving Compound annual EPS growth over 3 years	7.2% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	6.6% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	5.7% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	0.7% Caution Caution Compound annual EPS growth over 3 years	-3.1% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2026 May 31, 2026 10-K ↗	FY 2025 May 31, 2025 10-K ↗	FY 2024 May 31, 2024 10-K ↗	FY 2023 May 31, 2023 10-K ↗	FY 2022 May 31, 2022 10-K ↗	FY 2021 May 31, 2021 10-K ↗	FY 2020 May 31, 2020 10-K ↗	FY 2019 May 31, 2019 10-K ↗	FY 2018 May 31, 2018 10-K ↗	FY 2017 May 31, 2017 10-K ↗	FY 2016 May 31, 2016 10-K ↗	FY 2015 May 31, 2015 10-K ↗	FY 2014 May 31, 2014 10-K ↗	FY 2013 May 31, 2013 10-K ↗	FY 2012 May 31, 2012 10-K ↗	FY 2011 May 31, 2011 10-K ↗	FY 2010 May 31, 2010 10-K ↗	FY 2009 May 31, 2009 10-K ↗	FY 2008 May 31, 2008 10-K ↗	FY 2007 May 31, 2007 10-K ↗
Operating Margin (%) (%)	38.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+221%)	39.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+230%)	41.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+243%)	40.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+238%)	39.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+232%)	36.0% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+200%)	36.1% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+201%)	36.3% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+203%)	38.2% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+219%)	39.3% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+228%)	38.8% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+224%)	38.5% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+220%)	39.0% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+225%)	38.9% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+224%)	38.3% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+219%)	37.7% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+214%)	36.2% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+202%)	38.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+222%)	40.1% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+234%)	—
Effective Tax Rate (%) (%)	23.8% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.8% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.8% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.0% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.7% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.5% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.4% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.5% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.3% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.3% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.3% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.5% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—
Profit Margin (%) (%)	27.0% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+238%)	29.7% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+272%)	32.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+300%)	31.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+289%)	30.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+278%)	27.1% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+238%)	27.2% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+240%)	27.4% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+243%)	29.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+268%)	25.9% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+224%)	25.6% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+220%)	24.6% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+208%)	24.9% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+211%)	24.5% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+206%)	24.6% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+207%)	24.7% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+209%)	23.8% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+198%)	25.6% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+220%)	27.9% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+249%)	—
FCF Margin (%) (%)	35.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.7% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	32.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	31.2% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	29.7% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	28.2% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	32.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.4% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	33.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	27.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	24.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	27.7% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	29.5% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	27.5% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	30.0% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	31.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.32x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.00x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.04x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.20x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—	—	—	1.01x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.19x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.17x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2026 May 31, 2026 10-K ↗	FY 2025 May 31, 2025 10-K ↗	FY 2024 May 31, 2024 10-K ↗	FY 2023 May 31, 2023 10-K ↗	FY 2022 May 31, 2022 10-K ↗	FY 2021 May 31, 2021 10-K ↗	FY 2020 May 31, 2020 10-K ↗	FY 2019 May 31, 2019 10-K ↗	FY 2018 May 31, 2018 10-K ↗	FY 2017 May 31, 2017 10-K ↗	FY 2016 May 31, 2016 10-K ↗	FY 2015 May 31, 2015 10-K ↗	FY 2014 May 31, 2014 10-K ↗	FY 2013 May 31, 2013 10-K ↗	FY 2012 May 31, 2012 10-K ↗	FY 2011 May 31, 2011 10-K ↗	FY 2010 May 31, 2010 10-K ↗	FY 2009 May 31, 2009 10-K ↗	FY 2008 May 31, 2008 10-K ↗	FY 2007 May 31, 2007 10-K ↗
Return on Invested Capital (%)	23.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	18.5% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	36.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	36.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	36.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	29.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	31.2% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	30.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	41.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	41.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	39.4% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	37.6% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	35.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	40.3% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	42.0% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	41.5% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	40.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	47.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	54.7% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	15.5% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	13.3% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	20.9% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	19.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	19.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.8% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	17.1% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	15.8% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	16.3% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	18.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	17.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	16.3% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	13.2% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	14.6% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	13.9% Good Good Operating profit relative to total assets Optimal: > 10%	15.7% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	47.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+214%)	40.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+168%)	44.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+196%)	44.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+197%)	45.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+201%)	37.2% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+148%)	39.5% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+163%)	39.5% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+163%)	42.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+181%)	41.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+179%)	39.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+164%)	37.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+152%)	35.3% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+135%)	32.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+114%)	34.2% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+128%)	34.4% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+130%)	34.0% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+127%)	39.8% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+165%)	48.1% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+221%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2026 May 31, 2026 10-K ↗	FY 2025 May 31, 2025 10-K ↗	FY 2024 May 31, 2024 10-K ↗	FY 2023 May 31, 2023 10-K ↗	FY 2022 May 31, 2022 10-K ↗	FY 2021 May 31, 2021 10-K ↗	FY 2020 May 31, 2020 10-K ↗	FY 2019 May 31, 2019 10-K ↗	FY 2018 May 31, 2018 10-K ↗	FY 2017 May 31, 2017 10-K ↗	FY 2016 May 31, 2016 10-K ↗	FY 2015 May 31, 2015 10-K ↗	FY 2014 May 31, 2014 10-K ↗	FY 2013 May 31, 2013 10-K ↗	FY 2012 May 31, 2012 10-K ↗	FY 2011 May 31, 2011 10-K ↗	FY 2010 May 31, 2010 10-K ↗	FY 2009 May 31, 2009 10-K ↗	FY 2008 May 31, 2008 10-K ↗	FY 2007 May 31, 2007 10-K ↗
Debt to Equity (x)	1.22x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+74%)	1.20x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+72%)	0.22x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-69%)	0.23x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-67%)	0.26x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-63%)	0.27x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-61%)	0.29x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-59%)	0.30x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-57%)	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	9.38x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	58.87x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	58.29x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	55.40x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	50.27x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	40.80x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	37.64x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	77.91x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	331.15x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	495.84x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	1042.36x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	1505.14x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—
Net Debt (USD)	$3.47B	$3.34B	$-651.60M	$-413.60M	$436.40M	$-190.50M	$-103.30M	$122.80M	$-358.20M	$-184.60M	$-131.50M	$-170.00M	$-152.50M	$-107.30M	$-108.80M	$-119.00M	$-284.30M	$-472.77M	$-164.24M	$-79.35M
Debt / EBITDA (x)	1.54x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.05x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.35x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.37x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.40x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.49x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.48x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.51x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2026 May 31, 2026 10-K ↗	FY 2025 May 31, 2025 10-K ↗	FY 2024 May 31, 2024 10-K ↗	FY 2023 May 31, 2023 10-K ↗	FY 2022 May 31, 2022 10-K ↗	FY 2021 May 31, 2021 10-K ↗	FY 2020 May 31, 2020 10-K ↗	FY 2019 May 31, 2019 10-K ↗	FY 2018 May 31, 2018 10-K ↗	FY 2017 May 31, 2017 10-K ↗	FY 2016 May 31, 2016 10-K ↗	FY 2015 May 31, 2015 10-K ↗	FY 2014 May 31, 2014 10-K ↗	FY 2013 May 31, 2013 10-K ↗	FY 2012 May 31, 2012 10-K ↗	FY 2011 May 31, 2011 10-K ↗	FY 2010 May 31, 2010 10-K ↗	FY 2009 May 31, 2009 10-K ↗	FY 2008 May 31, 2008 10-K ↗	FY 2007 May 31, 2007 10-K ↗
Revenue per Share (USD)	$18.14	$15.47	$14.65	$13.89	$12.79	$11.27	$11.27	$10.50	$9.41	$8.76	$8.18	$7.55	$6.91	$6.39	$6.15	$5.76	$5.54	$5.77	$5.61	—
Basic EPS, GAAP (USD)	$4.90	$4.60	$4.69	$4.32	$3.86	$3.05	$3.06	$2.88	$2.77	$2.27	$2.10	$1.86	$1.72	$1.56	$1.51	$1.42	$1.32	$1.48	$1.56	—
Free Cash Flow per Share (USD)	$6.47	$4.74	$4.82	$4.34	$3.80	$3.18	$3.66	$3.20	$3.13	$2.41	—	—	—	$1.58	$1.70	$1.70	$1.52	$1.73	$1.74	—
Dividend per Share (USD)	$4.43	$4.02	$3.65	$3.26	$2.77	$2.52	$2.48	$2.30	$2.06	$1.84	$1.68	$1.52	$1.40	$1.31	$1.27	$1.24	$1.24	$1.24	$1.20	—
Book Value per Share (USD)	$10.50	$11.45	$10.56	$9.69	$8.57	$8.19	$7.75	$7.29	$6.56	$5.44	$5.30	$4.94	$4.90	$4.85	$4.42	$4.13	$3.88	$3.72	$3.25	—
Tangible Book Value per Share (USD)	$-6.96	$-6.47	$4.79	$4.08	$2.86	$2.37	$1.84	$1.22	$3.90	$3.45	$3.48	$3.39	$3.30	$3.27	$2.84	$2.50	$2.54	$2.30	$3.25	—
Basic Weighted Avg Shares (shares)	358.90M	360.20M	360.30M	360.40M	360.60M	359.90M	358.50M	359.20M	359.00M	359.80M	360.70M	362.90M	364.50M	363.80M	362.40M	361.80M	361.40M	360.78M	368.42M	—
Dividend Payout Ratio (%)	90.4% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	87.4% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	77.8% Caution → Caution Stable Dividends paid as a percentage of earnings Optimal: 30-60%	75.5% Caution → Caution Stable Dividends paid as a percentage of earnings Optimal: 30-60%	71.8% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	82.6% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	81.0% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	79.9% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	74.4% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2026 May 31, 2026 10-K ↗	FY 2025 May 31, 2025 10-K ↗	FY 2024 May 31, 2024 10-K ↗	FY 2023 May 31, 2023 10-K ↗	FY 2022 May 31, 2022 10-K ↗	FY 2021 May 31, 2021 10-K ↗	FY 2020 May 31, 2020 10-K ↗	FY 2019 May 31, 2019 10-K ↗	FY 2018 May 31, 2018 10-K ↗	FY 2017 May 31, 2017 10-K ↗	FY 2016 May 31, 2016 10-K ↗	FY 2015 May 31, 2015 10-K ↗	FY 2014 May 31, 2014 10-K ↗	FY 2013 May 31, 2013 10-K ↗	FY 2012 May 31, 2012 10-K ↗	FY 2011 May 31, 2011 10-K ↗	FY 2010 May 31, 2010 10-K ↗	FY 2009 May 31, 2009 10-K ↗	FY 2008 May 31, 2008 10-K ↗	FY 2007 May 31, 2007 10-K ↗
Working Capital (USD)	$1.77B	$1.96B	$1.94B	$1.72B	$1.31B	$1.23B	$1.04B	$832.70M	$596.90M	$546.90M	$497.70M	$515.20M	$563.60M	$564.40M	$330.20M	$469.60M	$416.90M	$537.93M	—	—
LT Debt (USD)	$4.56B	$4.95B	$798.60M	$798.20M	$797.70M	$797.30M	$796.80M	$796.40M	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$3.74B	$4.13B	$3.80B	$3.49B	$3.09B	$2.95B	$2.78B	$2.62B	$2.36B	$1.96B	$1.91B	$1.79B	$1.78B	$1.77B	$1.60B	$1.50B	$1.40B	$1.34B	$1.20B	$1.95B

📋 What is driving earnings? 4 metrics

Metric	FY 2026 May 31, 2026 10-K ↗	FY 2025 May 31, 2025 10-K ↗	FY 2024 May 31, 2024 10-K ↗	FY 2023 May 31, 2023 10-K ↗	FY 2022 May 31, 2022 10-K ↗	FY 2021 May 31, 2021 10-K ↗	FY 2020 May 31, 2020 10-K ↗	FY 2019 May 31, 2019 10-K ↗	FY 2018 May 31, 2018 10-K ↗	FY 2017 May 31, 2017 10-K ↗	FY 2016 May 31, 2016 10-K ↗	FY 2015 May 31, 2015 10-K ↗	FY 2014 May 31, 2014 10-K ↗	FY 2013 May 31, 2013 10-K ↗	FY 2012 May 31, 2012 10-K ↗	FY 2011 May 31, 2011 10-K ↗	FY 2010 May 31, 2010 10-K ↗	FY 2009 May 31, 2009 10-K ↗	FY 2008 May 31, 2008 10-K ↗	FY 2007 May 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$6.51B	$5.57B	$5.28B	$5.01B	$4.61B	$4.06B	$4.04B	$3.77B	$3.38B	$3.15B	$2.95B	$2.74B	$2.52B	$2.33B	$2.23B	$2.08B	$2.00B	$2.08B	$2.07B	—
Depreciation Expense (USD)	$442.60M	$209.50M	$176.50M	$176.60M	$191.80M	$192.00M	$209.70M	$181.50M	$138.00M	$126.90M	$115.10M	$106.60M	$105.00M	$98.20M	$97.80M	$88.70M	$65.40M	—	—	—
Net Income, GAAP (USD)	$1.76B	$1.66B	$1.69B	$1.56B	$1.39B	$1.10B	$1.10B	$1.03B	$994.10M	$817.30M	$756.80M	$674.90M	$627.50M	$569.00M	$548.00M	$515.30M	$477.00M	$533.54M	$576.14M	—
Operating Cash Flow (USD)	$2.56B	$1.90B	$1.90B	$1.71B	$1.51B	$1.26B	$1.44B	$1.27B	$1.28B	$960.40M	—	—	—	$675.30M	$706.60M	$715.30M	$610.90M	$688.77M	$724.67M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 20 years · 75 quarters

PAYCHEX INC

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