PAYCHEX INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 5/31/26
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 4,556 | 55.0 |
| Stockholders' equity | 3,735 | 45.0 |
| Total capitalization | 8,291 | 100.0 |
355,980,473 shares outstanding at 31 August 2026 (cover page of the 10-Q filed 24 September 2026).
LONG-TERM DEBT 5/31/26
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 4,556 |
| Long-term debt, noncurrent | 4,556 |
| Current maturities | 0 |
| Short-term borrowings / commercial paper | 0 |
CAPITAL STOCK 5/31/26
| Common shares authorized | 600,000,000 |
| Common shares issued | 355,600,000 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 8/31/26 | 355,980,473 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2026 | 4.43 | 90.6 |
| 2025 | 4.02 | 87.8 |
| 2024 | 3.65 | 78.2 |
| 2023 | 3.26 | 75.8 |
| 2022 | 2.77 | 72.1 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 8700, Services-Engineering, Accounting, Research, Management. Large accelerated filer. Principal executive office: 911 Panorama Trail S, Rochester, NY 14625-0397. Fiscal year ends May 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 5/31/26 | 5/31/25 | 5/31/24 |
|---|---|---|---|
| Revenues | 6,301 | 5,410 | 5,132 |
| Cost of revenues | 1,674 | 1,540 | 1,479 |
| Selling, general and administrative | 2,327 | 1,824 | 1,625 |
| Depreciation and amortization | 443 | 210 | 176 |
| Operating income | 2,510 | 2,208 | 2,174 |
| Interest expense | 270 | 105 | 37 |
| Income before income taxes | 2,311 | 2,176 | 2,218 |
| Income taxes | 551 | 519 | 528 |
| Net income | 1,760 | 1,657 | 1,690 |
| Earned per share, diluted ($) | 4.89 | 4.58 | 4.67 |
| Dividends per share ($) | 4.43 | 4.02 | 3.65 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 5/31/26 | 5/31/25 |
|---|---|---|
| Cash and equivalents | 1,088 | 1,629 |
| Total current assets | 8,613 | 8,916 |
| Property, plant and equipment, net | 589 | 512 |
| Goodwill | 4,527 | 4,514 |
| Total assets | 16,174 | 16,564 |
| Total current liabilities | 6,841 | 6,956 |
| Long-term debt | 4,556 | 4,548 |
| Total liabilities | 12,439 | 12,436 |
| Stockholders' equity | 3,735 | 4,128 |
| Total liabilities and equity | 16,174 | 16,564 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5/31/26 | 6,512 | 2,510 | 1,760 | 27.0 | 4.89 | 4.43 | 2,557 | 235 | 2,322 | 16,174 | 12,439 | 4,556 | 3,735 | 47.1 | 1.22 |
| 5/31/25 | 5,572 | 2,208 | 1,657 | 29.7 | 4.58 | 4.02 | 1,901 | 192 | 1,709 | 16,564 | 12,436 | 4,967 | 4,128 | 40.1 | 1.20 |
| 5/31/24 | 5,278 | 2,174 | 1,690 | 32.0 | 4.67 | 3.65 | 1,898 | 161 | 1,736 | 10,383 | 6,582 | 817 | 3,801 | 44.5 | 0.22 |
| 5/31/23 | 5,007 | 2,033 | 1,557 | 31.1 | 4.30 | 3.26 | 1,706 | 143 | 1,563 | 10,546 | 7,053 | 808 | 3,493 | 44.6 | 0.23 |
| 5/31/22 | 4,612 | 1,840 | 1,393 | 30.2 | 3.84 | 2.77 | 1,590 | 134 | 1,456 | 9,635 | 6,550 | 806 | 3,085 | 45.1 | 0.26 |
| 5/31/21 | 4,057 | 1,461 | 1,098 | 27.1 | 3.03 | 2.52 | 1,260 | 118 | 1,142 | 9,227 | 6,279 | 805 | 2,948 | 37.2 | 0.27 |
| 5/31/20 | 4,040 | 1,460 | 1,098 | 27.2 | 3.04 | 2.48 | 1,441 | 127 | 1,314 | 8,551 | 5,769 | 802 | 2,781 | 39.5 | 0.29 |
| 5/31/19 | 3,772 | 1,371 | 1,034 | 27.4 | 2.86 | 2.30 | 1,272 | 124 | 1,148 | 8,676 | 6,056 | 796 | 2,620 | 39.5 | 0.30 |
| 5/31/18 | 3,378 | 1,292 | 994 | 29.4 | 2.75 | 2.06 | 1,276 | 154 | 1,122 | 7,915 | 5,559 | 0 | 2,357 | 42.2 | 0.00 |
| 5/31/17 | 3,153 | 1,254 | 826 | 26.2 | 2.28 | 1.84 | 960 | 94 | 866 | 6,834 | 4,878 | – | 2,227 | 37.1 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
PAYCHEX INC
CIK 723531 · EIN 16-1124166
PRINCIPAL OFFICE:
911 Panorama Trail S, Rochester, NY 14625-0397
Tel.: 5853856666
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
8700 · Services-Engineering, Accounting, Research, Management
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 5/31/26, filed 17 July 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2026 (filed 7/17/26) · 10-K FY2025 (filed 7/11/25) · 10-K FY2024 (filed 7/11/24) · 10-K FY2023 (filed 7/14/23) · 10-K FY2022 (filed 7/15/22) · 10-K FY2021 (filed 7/16/21) · 10-K FY2020 (filed 7/17/20) · 10-K FY2019 (filed 7/24/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.