Free · no account · quoted from the filing

What changed in PAYX's 10-K

Source: 10-K filed 2026-07-17 · compared against 10-K 2025-07-11. Every passage below is quoted verbatim from the filing itself.

Demand

This filing
approximately 840,000 total customers across the U.S. and parts of Europe, of which approximately 800,000 are payroll clients

Segments

This filing
Over 60% of our revenue is derived from solutions other than

Strategy

This filing
AI-powered capabilities through WISE, our workforce intelligence engine

Risk Factors

This filing
risks related to our use of artificial intelligence ("AI") and new technologies in our business

Operations

This filing
maintains dual corporate headquarters in Rochester, New York and Cincinnati, Ohio

Capital Allocation

This filing
Dividends paid to stockholders represented approximately 90% of net income for fiscal 2026
What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.