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Paychex, Inc. (PAYX)
Technology · Software - Application · NasdaqGS
Paychex, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.95B | $3.15B | $3.38B | $3.77B | $4.04B | $4.06B | $4.61B | $5.01B | $5.28B | $5.57B |
| Gross profit | — | — | $2.36B | $2.59B | $2.76B | $2.79B | $3.26B | $3.55B | $3.80B | $4.03B |
| Net income | $0 | $0 | $0 | $0 | $0 | $0 | $1.39B | $1.56B | $1.69B | $1.66B |
| Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 30.2% | 31.1% | 32.0% | 29.7% |
Source: Paychex, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into PAYX stock?
At today's market cap of $35.93B, Paychex, Inc. is priced for free-cash-flow growth of about 8.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.71B from the FY ending 2025-05-31). For comparison, free cash flow actually grew 5.4%/yr over the last five fiscal years and revenue 6.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Paychex, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Paychex, Inc. financial history by metric
About Paychex, Inc.
Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for payroll, employee benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services. The company provides retirement solutions, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services; HCM solutions from recruiting and hiring to retirement; and talent management and talent acquisition services. In addition, it offers payroll solutions, including calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients' payroll obligations. Further, the company provides workforce management solutions; benefits administration solutions; digital marketplace for earned wages, financial wellness solutions, and voluntary lifestyle benefits; HR support to non-payroll clients through HR Partner Plus solution; and insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. Additionally, it offers payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and both virtual and on-site availability of a professionally trained HR representative, and other solutions to businesses. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.
Paychex, Inc. — frequently asked questions
What is Paychex, Inc.'s revenue?
Paychex, Inc. (PAYX) reported revenue of $5.57B for fiscal year 2025, up 5.6% from the prior year, according to its SEC filings.
Is Paychex, Inc. profitable?
Yes. PAYX earned net income of $1.66B in fiscal 2025, a net margin of 29.7%.
What is PAYX's P/E ratio?
Paychex, Inc. trades at a price-to-earnings ratio of about 21.8 based on the latest data in our nightly-refreshed cache.
How fast is Paychex, Inc. growing?
PAYX's revenue grew at roughly 6.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Paychex, Inc. have?
As of fiscal year 2025, PAYX carried roughly $4.97B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Paychex, Inc.'s gross margin?
PAYX's gross margin was 72.4% in fiscal 2025 — gross profit of $4.03B on revenue of $5.57B.
What is Paychex, Inc.'s market cap?
Paychex, Inc. (PAYX) has a market capitalization of about $35.93B, based on the latest data in our nightly-refreshed cache.
When does Paychex, Inc.'s fiscal year end?
PAYX's fiscal year ends in May. Its most recent annual filing covers the fiscal year ending 2025-05-31.
What growth is priced into PAYX stock?
At today's market cap of $35.93B, Paychex, Inc. is priced for free-cash-flow growth of about 8.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.71B from the FY ending 2025-05-31). For comparison, free cash flow actually grew 5.4%/yr over the last five fiscal years and revenue 6.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Paychex, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.