← PAYCHEX INC PAYX
Market Price
$121.97
Market Cap
$44.59B
P/E Ratio
26.63
Revenue (FY 2025)
↑5.4% YoY
$5.41B
3-Yr CAGR: 5.9%
Net Income
↓-2.0% YoY
$1.66B
Net Margin: 30.6%
Free Cash Flow
↓-1.6% YoY
$1.71B
FCF Yield: 3.83%
EPS (Diluted)
↓-1.9% YoY
$4.58
Basic: $4.60
Return on Equity
Efficiency
40.1%
ROA: 438.1%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (PAYX)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $2,951.9M | — | $2,094.8M | $756.8M | — | $2.09 | — | $1,018.2M | $920.5M | — |
| FY 2017 | $3,151.3M | +6.8% | $2,231.7M | $817.3M | +8.0% | $2.25 | +7.7% | $960.4M | $866.1M | -5.9% |
| FY 2018 | $3,380.9M | +7.3% | $2,363.1M | $933.7M | +14.2% | $2.58 | +14.7% | $1,276.4M | $1,122.4M | +29.6% |
| FY 2019 | $3,691.9M | +9.2% | $2,594.7M | $1,034.4M | +10.8% | $2.86 | +10.9% | $1,271.5M | $1,147.7M | +2.3% |
| FY 2020 | $3,953.6M | +7.1% | $2,672.8M | $1,098.1M | +6.2% | $3.04 | +6.3% | $1,440.9M | $1,313.9M | +14.5% |
| FY 2021 | $3,997.5M | +1.1% | $2,726.3M | $1,097.5M | -0.1% | $3.03 | -0.3% | $1,260.3M | $1,145.7M | -12.8% |
| FY 2022 | $4,554.0M | +13.9% | $3,197.7M | $1,392.8M | +26.9% | $3.84 | +26.7% | $1,505.5M | $1,372.9M | +19.8% |
| FY 2023 | $4,907.3M | +7.8% | $3,454.3M | $1,557.3M | +11.8% | $4.30 | +12.0% | $1,699.4M | $1,556.4M | +13.4% |
| FY 2024 | $5,132.0M | +4.6% | $3,652.7M | $1,690.4M | +8.5% | $4.67 | +8.6% | $1,897.7M | $1,736.3M | +11.6% |
| FY 2025 | $5,410.0M | +5.4% | $3,869.6M | $1,657.3M | -2.0% | $4.58 | -1.9% | $1,900.9M | $1,709.1M | -1.6% |
Valuation
Market Price
$121.97
Market Cap
$44.59B
Enterprise Value
$47.91B
P/E Ratio
26.63
P/B Ratio
10.51
FCF Yield
3.83%
Dividend Yield
3.30%
Shares Outstanding
Profitability & Margins
Gross Margin
71.53%
Operating Margin
40.81%
Net Margin
30.63%
Return on Equity (ROE)
40.15%
Return on Assets (ROA)
438.09%
Asset Turnover
14.30x
Revenue 3-Yr CAGR
5.91%
Financial Health & Liquidity
Current Ratio
0.05
Cash Ratio
0.23
Debt / Equity
1.199
Debt / Assets
13.080
Cash & Equivalents
$1.63B
Total Debt
$4.95B
Book Value / Share
$11.61
Cash Flow Efficiency
Operating Cash Flow
$1.90B
Capital Expenditures (CapEx)
$191.80M
Free Cash Flow
$1.71B
OCF / Revenue
35.14%
FCF / Revenue
31.59%
FCF 3-Yr CAGR
7.57%
Per Share Metrics
EPS (Diluted)
$4.58
EPS (Basic)
$4.60
Dividends / Share
$4.02
Book Value / Share
$11.61
EPS YoY Growth
-1.93%
Balance Sheet (FY 2025)
Total Assets
$378.30M
Total Liabilities
$6.96B
Stockholders' Equity
$4.13B
Current Assets
$378.30M
Current Liabilities
$6.96B