# Paychex Inc. (PAYX)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $36.42B  
**Price:** $101.10 (+0.82%)

> Paychex Inc. is a leading provider of human capital management solutions for small and medium-sized businesses. The company focuses on payroll processing, human resources outsourcing, benefits administration, and compliance services, helping employers manage complex workforce and regulatory requirements. Its platform supports functions such as time and attendance tracking, tax administration, retirement services, and insurance solutions, integrating these into a unified offering that simplifies HR operations. Paychex Inc. serves a broad range of industries across the United States and selected international markets, working with businesses that seek to streamline administrative tasks and improve workforce management efficiency. Headquartered in Rochester, New York, Paychex Inc. plays a significant role in the HR and payroll services market, acting as a critical intermediary between employers, employees, and government agencies by facilitating accurate payments, filings, and benefits delivery.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $5.57B | $4.03B | $2.21B | $1.66B | $4.58 |
| 2024 | $5.28B | $3.80B | $2.17B | $1.69B | $4.67 |
| 2023 | $5.01B | $3.55B | $2.03B | $1.56B | $4.30 |
| 2022 | $4.61B | $3.26B | $1.84B | $1.39B | $3.84 |
| 2021 | $4.06B | $2.79B | $1.46B | $1.10B | $3.03 |
| 2020 | $4.04B | $2.76B | $1.46B | $1.10B | $3.04 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $16.56B | $12.44B | $4.13B | $1.63B | $4.60B |
| 2024 | $10.38B | $6.58B | $3.80B | $1.47B | $848M |
| 2023 | $10.55B | $7.05B | $3.49B | $1.22B | $856M |
| 2022 | $9.64B | $6.55B | $3.09B | $370M | $873M |
| 2021 | $9.23B | $6.28B | $2.95B | $995M | $890M |
| 2020 | $8.55B | $5.77B | $2.78B | $905M | $894M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $1.86B | -$192M | $1.71B |
| 2024 | $1.87B | -$161M | $1.74B |
| 2023 | $1.68B | -$126M | $1.56B |
| 2022 | $1.56B | -$133M | $1.46B |
| 2021 | $1.23B | -$115M | $1.14B |
| 2020 | $1.41B | -$127M | $1.31B |

Source: [CompaniesByCap](https://companiesbycap.com/company/PAYX)