Paychex Financial Statements From 2010 to 2024

PAYX Stock  USD 119.52  1.73  1.47%   
Paychex financial statements provide useful quarterly and yearly information to potential Paychex investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Paychex financial statements helps investors assess Paychex's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Paychex's valuation are summarized below:
Gross Profit
3.3 B
Profit Margin
0.3186
Market Capitalization
42.4 B
Enterprise Value Revenue
8.3291
Revenue
5.2 B
We have found one hundred twenty available trending fundamental ratios for Paychex, which can be analyzed and compared to other ratios and to its competitors. All investors should make sure to check out all of Paychex recent market performance against the performance between 2010 and 2024 to make sure the company can sustain itself down the road. Market Cap is likely to rise to about 29.1 B in 2024. Enterprise Value is likely to rise to about 29.2 B in 2024

Paychex Total Revenue

6.05 Billion

Check Paychex financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Paychex main balance sheet or income statement drivers, such as Depreciation And Amortization of 213.2 M, Total Revenue of 6 B or Gross Profit of 4.3 B, as well as many exotic indicators such as Price To Sales Ratio of 5.69, Dividend Yield of 0.0166 or PTB Ratio of 12.57. Paychex financial statements analysis is a perfect complement when working with Paychex Valuation or Volatility modules.
  
This module can also supplement Paychex's financial leverage analysis and stock options assessment as well as various Paychex Technical models . Check out the analysis of Paychex Correlation against competitors.
For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.

Paychex Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets12.7 B12.1 B7.9 B
Slightly volatile
Short and Long Term Debt Total513.2 M995.6 M761.7 M
Slightly volatile
Other Current Liabilities6.8 B6.5 B4.6 B
Slightly volatile
Total Current LiabilitiesB6.7 B4.8 B
Slightly volatile
Total Stockholder Equity4.2 BB2.4 B
Slightly volatile
Property Plant And Equipment Net552.8 M526.5 M394 M
Slightly volatile
Retained Earnings2.4 B2.3 B1.3 B
Slightly volatile
Cash1.5 B1.4 B551.9 M
Slightly volatile
Non Current Assets Total3.6 B3.5 B2.2 B
Slightly volatile
Cash And Short Term Investments1.9 B1.8 B818.5 M
Slightly volatile
Net Receivables1.7 B1.6 B739.5 M
Slightly volatile
Common Stock Shares Outstanding300.9 M326.1 M353.9 M
Slightly volatile
Liabilities And Stockholders Equity12.7 B12.1 B7.9 B
Slightly volatile
Non Current Liabilities Total1.5 B1.4 B691.2 M
Slightly volatile
Other Current Assets316.6 M333.3 M405.1 M
Slightly volatile
Other Stockholder EquityB1.9 B1.1 B
Slightly volatile
Total Liabilities8.5 B8.1 B5.5 B
Slightly volatile
Total Current Assets9.1 B8.7 B5.7 B
Slightly volatile
Short Term Debt11.1 M11.7 M108.2 M
Slightly volatile
Accounts Payable102.3 M97.4 M69.2 M
Slightly volatile
Property Plant And Equipment Gross286.1 M526.5 M378.3 M
Slightly volatile
Other Liabilities493 M469.5 M268.6 M
Slightly volatile
Current Deferred Revenue57.1 M54.4 M28.9 M
Slightly volatile
Other Assets618.8 M589.4 M278.1 M
Slightly volatile
Good Will2.2 B2.1 B1.2 B
Slightly volatile
Common Stock Total Equity2.9 M3.2 M3.5 M
Slightly volatile
Short Term Investments306.6 M336.1 M396.7 M
Slightly volatile
Inventory5.1 B4.8 BB
Slightly volatile
Intangible Assets172.5 M215.5 M150.2 M
Slightly volatile
Common Stock2.9 M3.2 M3.5 M
Slightly volatile
Property Plant Equipment324.8 M455.7 M366.5 M
Slightly volatile
Net Tangible Assets821.8 M1.3 BB
Very volatile
Retained Earnings Total Equity1.3 B2.3 B1.3 B
Slightly volatile
Capital Surpluse1.1 B1.9 B1.1 B
Slightly volatile
Deferred Long Term Liabilities134.3 M128.9 M129.9 M
Slightly volatile
Long Term Investments3.2 M3.4 M210.1 M
Slightly volatile
Non Current Liabilities Other154 M226.8 M150.3 M
Slightly volatile
Deferred Long Term Asset Charges32.3 M42.7 M35.4 M
Slightly volatile
Net Invested Capital3.6 B4.9 B2.9 B
Slightly volatile
Net Working Capital1.1 BB904.8 M
Slightly volatile
Long Term Debt Total877 M917.9 M810.2 M
Slightly volatile
Capital Stock2.9 M3.2 M3.5 M
Slightly volatile
Capital Lease Obligations64.3 M51.6 M87.3 M
Slightly volatile
Short and Long Term Debt8.6 M11.7 M6.5 M
Slightly volatile

Paychex Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization213.2 M203.1 M143.9 M
Slightly volatile
Total RevenueB5.8 B3.5 B
Slightly volatile
Gross Profit4.3 B4.1 B2.5 B
Slightly volatile
Other Operating Expenses3.6 B3.4 B2.1 B
Slightly volatile
Operating Income2.5 B2.3 B1.4 B
Slightly volatile
EBIT2.5 B2.3 B1.4 B
Slightly volatile
EBITDA2.7 B2.5 B1.5 B
Slightly volatile
Cost Of Revenue1.8 B1.7 BB
Slightly volatile
Total Operating Expenses1.8 B1.7 B1.1 B
Slightly volatile
Income Before Tax2.5 B2.4 B1.4 B
Slightly volatile
Net Income1.9 B1.8 B985.5 M
Slightly volatile
Income Tax Expense592.8 M564.5 M378.5 M
Slightly volatile
Selling General Administrative1.8 B1.7 B1.1 B
Slightly volatile
Net Income Applicable To Common Shares1.9 B1.8 B997.9 M
Slightly volatile
Net Income From Continuing Ops950.7 M1.8 B955.1 M
Slightly volatile
Non Operating Income Net Other6.4 M7.6 M6.5 M
Slightly volatile
Tax Provision427.9 M564.5 M402.3 M
Slightly volatile
Interest Income59.3 M56.5 M16.3 M
Slightly volatile
Reconciled Depreciation191.2 M203.1 M158.1 M
Slightly volatile

Paychex Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation75.6 M72 M41.8 M
Slightly volatile
Begin Period Cash Flow1.1 B1.1 B720.7 M
Slightly volatile
Depreciation213.2 M203.1 M144.2 M
Slightly volatile
Other Non Cash Items319.7 M304.5 M152.5 M
Slightly volatile
Dividends Paid1.4 B1.4 B772 M
Slightly volatile
Capital Expenditures172.7 M164.4 M114.3 M
Slightly volatile
Total Cash From Operating Activities2.1 BB1.2 B
Slightly volatile
Net Income1.9 B1.8 B985.8 M
Slightly volatile
Change To Netincome50 M41.7 M45.9 M
Slightly volatile
Net Borrowings1.7 M1.8 M478.7 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.696.86.6788
Slightly volatile
Dividend Yield0.01660.0280.0287
Pretty Stable
PTB Ratio12.5712.4510.574
Slightly volatile
Days Sales Outstanding98.2593.5765.1792
Slightly volatile
Book Value Per Share9.168.726.3266
Slightly volatile
Invested Capital0.150.220.1879
Slightly volatile
Operating Cash Flow Per Share4.464.243.0988
Slightly volatile
Stock Based Compensation To Revenue0.00710.01130.0107
Slightly volatile
PB Ratio12.5712.4510.574
Slightly volatile
EV To Sales5.686.736.6512
Slightly volatile
ROIC0.220.320.3166
Very volatile
Inventory Turnover0.380.40.8207
Slightly volatile
Net Income Per Share4.083.892.5858
Slightly volatile
Days Of Inventory On Hand6749531.4 K
Slightly volatile
Payables Turnover21.3519.7315.4565
Slightly volatile
Sales General And Administrative To Revenue0.370.31810.3382
Pretty Stable
Cash Per Share4.183.982.1182
Slightly volatile
POCF Ratio31.9725.5921.7693
Slightly volatile
Payout Ratio0.470.680.7337
Very volatile
Days Payables Outstanding19.3919.1524.6577
Slightly volatile
Income Quality1.431.251.2893
Slightly volatile
ROE0.260.40.3742
Slightly volatile
EV To Operating Cash Flow31.9225.3521.6811
Slightly volatile
PE Ratio40.827.9328.2529
Pretty Stable
Return On Tangible Assets0.140.210.1457
Slightly volatile
Earnings Yield0.02550.03710.037
Slightly volatile
Intangibles To Total Assets0.0960.170.1407
Slightly volatile
Current Ratio2.121.491.3587
Very volatile
Tangible Book Value Per Share3.863.682.8244
Slightly volatile
Receivables Turnover3.844.047.2602
Slightly volatile
Graham Number29.0127.6319.1609
Slightly volatile
Shareholders Equity Per Share9.168.726.3266
Slightly volatile
Debt To Equity0.150.220.1879
Slightly volatile
Revenue Per Share13.1312.59.2586
Slightly volatile
Interest Debt Per Share2.232.121.3605
Slightly volatile
Debt To Assets0.0490.07390.062
Slightly volatile
Enterprise Value Over EBITDA25.3919.517.3452
Slightly volatile
Short Term Coverage Ratios15715096.791
Slightly volatile
Price Earnings Ratio40.827.9328.2529
Pretty Stable
Operating Cycle1.1 KK1.4 K
Slightly volatile
Price Book Value Ratio12.5712.4510.574
Slightly volatile
Days Of Payables Outstanding19.3919.1524.6577
Slightly volatile
Dividend Payout Ratio0.470.680.7337
Very volatile
Price To Operating Cash Flows Ratio31.9725.5921.7693
Slightly volatile
Pretax Profit Margin0.240.370.3577
Very volatile
Ebt Per Ebit1.131.161.0204
Slightly volatile
Operating Profit Margin0.230.370.3567
Very volatile
Effective Tax Rate0.350.280.3143
Slightly volatile
Company Equity Multiplier2.372.723.1637
Pretty Stable
Long Term Debt To Capitalization0.190.180.2167
Very volatile
Total Debt To Capitalization0.0960.180.1519
Slightly volatile
Return On Capital Employed0.330.390.4491
Slightly volatile
Debt Equity Ratio0.150.220.1879
Slightly volatile
Ebit Per Revenue0.230.370.3567
Very volatile
Quick Ratio0.890.60.4055
Pretty Stable
Net Income Per E B T0.540.680.6757
Slightly volatile
Cash Ratio0.150.240.1014
Slightly volatile
Cash Conversion Cycle1.1 KK1.4 K
Slightly volatile
Operating Cash Flow Sales Ratio0.220.310.3091
Pretty Stable
Days Of Inventory Outstanding6749531.4 K
Slightly volatile
Days Of Sales Outstanding98.2593.5765.1792
Slightly volatile
Cash Flow Coverage Ratios2.142.263.2994
Slightly volatile
Price To Book Ratio12.5712.4510.574
Slightly volatile
Fixed Asset Turnover6.099.848.0203
Slightly volatile
Price Cash Flow Ratio31.9725.5921.7693
Slightly volatile
Enterprise Value Multiple25.3919.517.3452
Slightly volatile
Debt Ratio0.0490.07390.062
Slightly volatile
Cash Flow To Debt Ratio2.142.263.2994
Slightly volatile
Price Sales Ratio5.696.86.6788
Slightly volatile
Return On Assets0.130.170.1239
Slightly volatile
Asset Turnover0.90.550.5717
Pretty Stable
Net Profit Margin0.170.280.2493
Slightly volatile
Gross Profit Margin0.550.640.6867
Slightly volatile
Price Fair Value12.5712.4510.574
Slightly volatile
Return On Equity0.260.40.3742
Slightly volatile

Paychex Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap29.1 B27.7 B26.2 B
Slightly volatile
Enterprise Value29.2 B27.8 B26.2 B
Slightly volatile

Paychex Fundamental Market Drivers

Forward Price Earnings24.3309
Cash And Short Term Investments1.6 B

Paychex Upcoming Events

3rd of April 2024
Upcoming Quarterly Report
View
4th of July 2024
Next Financial Report
View
29th of February 2024
Next Fiscal Quarter End
View
4th of July 2024
Next Fiscal Year End
View
30th of November 2023
Last Quarter Report
View
31st of May 2023
Last Financial Announcement
View

About Paychex Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Paychex income statement, its balance sheet, and the statement of cash flows. Paychex investors use historical funamental indicators, such as Paychex's revenue or net income, to determine how well the company is positioned to perform in the future. Although Paychex investors may use each financial statement separately, they are all related. The changes in Paychex's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Paychex's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Paychex Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Paychex. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue54.4 M57.1 M
Total Revenue5.8 BB
Cost Of Revenue1.7 B1.8 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.32  0.37 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.03)(0.03)
Revenue Per Share 12.50  13.13 
Ebit Per Revenue 0.37  0.23 

Paychex Investors Sentiment

The influence of Paychex's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Paychex. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Paychex's public news can be used to forecast risks associated with an investment in Paychex. The trend in average sentiment can be used to explain how an investor holding Paychex can time the market purely based on public headlines and social activities around Paychex. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Paychex's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Paychex's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Paychex's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Paychex.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Paychex in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Paychex's short interest history, or implied volatility extrapolated from Paychex options trading.

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When determining whether Paychex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paychex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Paychex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paychex Stock:
Check out the analysis of Paychex Correlation against competitors.
For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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Is Paychex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paychex. If investors know Paychex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paychex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.07
Dividend Share
3.56
Earnings Share
4.59
Revenue Per Share
14.461
Quarterly Revenue Growth
0.042
The market value of Paychex is measured differently than its book value, which is the value of Paychex that is recorded on the company's balance sheet. Investors also form their own opinion of Paychex's value that differs from its market value or its book value, called intrinsic value, which is Paychex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paychex's market value can be influenced by many factors that don't directly affect Paychex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paychex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paychex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paychex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.