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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Paychex's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$4.06 B | $4.61 B | $5.01 B | $5.28 B | $5.57 B |
| Cost of Revenue |
|
$1.27 B | $1.36 B | $1.45 B | $1.48 B | $1.54 B |
| Gross Profit |
|
$2.79 B | $3.26 B | $3.55 B | $3.80 B | $4.03 B |
| Research & Development |
|
- | - | - | - | - |
| Selling,General & Administrative |
|
$1.32 B | $1.42 B | $1.52 B | $1.62 B | $1.82 B |
| Operating Expense |
|
$1.32 B | $1.42 B | $1.52 B | $1.62 B | $1.82 B |
| Operating Income |
|
$1.46 B | $1.84 B | $2.03 B | $2.17 B | $2.21 B |
| Net Income |
|
$1.10 B | $1.39 B | $1.56 B | $1.69 B | $1.66 B |
Paychex's Assets vs Liabilities & Equity
Paychex's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$1.03 B | $1.22 B | $1.60 B | $1.50 B | $1.71 B |
| Inventories |
|
- | - | - | - | - |
| Total Current Assets |
|
$6.17 B | $6.58 B | $7.53 B | $7.25 B | $8.92 B |
| Property,Plant and Equipment |
|
$498.80 M | $480.00 M | $457.80 M | $458.60 M | $575.30 M |
| Goodwill |
|
$1.82 B | $1.83 B | $1.83 B | $1.88 B | $4.51 B |
| Total Assets |
|
$9.23 B | $9.64 B | $10.55 B | $10.38 B | $16.56 B |
| Total Liabilities |
|
$6.28 B | $6.55 B | $7.05 B | $6.58 B | $12.44 B |
| Retained Earnings |
|
$1.45 B | $1.67 B | $2.02 B | $2.21 B | $2.28 B |
| Total Shareholder Equity |
|
$2.95 B | $3.09 B | $3.49 B | $3.80 B | $4.13 B |
| Common Stock |
|
$3.60 M | $3.60 M | $3.60 M | $3.60 M | $3.60 M |
Paychex's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$192.00 M | $191.80 M | $176.60 M | $176.50 M | $209.50 M |
| Dividends Payout |
|
-$908.70 M | -$999.60 M | -$1.18 B | -$1.32 B | -$1.45 B |
| Capital Expenditures (Capex) |
|
-$114.60 M | -$132.60 M | -$143.00 M | -$161.40 M | -$191.80 M |
| Free Cash Flow (FCF) |
|
$1.15 B | $1.37 B | $1.56 B | $1.74 B | $1.76 B |
Paychex's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$2.79 B | $3.26 B | $3.55 B | $3.80 B | $4.03 B |
| Gross Profit Margin (%) |
|
68.66% | 70.59% | 70.98% | 71.97% | 72.35% |
| Operating Income |
|
$1.46 B | $1.84 B | $2.03 B | $2.17 B | $2.21 B |
| Operating Income Margin (%) |
|
36.01% | 39.90% | 40.60% | 41.19% | 39.62% |
| Net Income |
|
$1.10 B | $1.39 B | $1.56 B | $1.69 B | $1.66 B |
| Net Income Margin (%) |
|
27.05% | 30.20% | 31.10% | 32.03% | 29.74% |
| EBITDA |
|
$1.65 B | $2.03 B | $2.21 B | $2.43 B | $2.49 B |
| EBITDA Margin (%) |
|
40.74% | 44.06% | 44.13% | 46.07% | 44.70% |
Paychex's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
37.23% | 45.14% | 44.58% | 44.47% | 40.15% |
| Return on Assets (ROA) |
|
11.89% | 14.46% | 14.77% | 16.28% | 10.01% |
| Debt to Equity |
|
31.41% | 29.38% | 25.36% | 23.30% | 121.21% |
| Debt to total asset |
|
10.04% | 9.41% | 8.40% | 8.53% | 30.21% |
| Enterprise value to revenue |
|
8.94 | 9.80 | 7.49 | 8.09 | 10.81 |
| Enterprise value to EBITDA |
|
21.95 | 22.24 | 16.96 | 17.56 | 24.17 |
| Enterprise value |
|
$36.28 B | $45.19 B | $37.48 B | $42.71 B | $60.21 B |
| Cash to Debt |
|
136.10% | 166.11% | 191.81% | 214.31% | 38.99% |
| Tax Rate (%) |
|
23.48% | 23.67% | 23.97% | 23.79% | 23.83% |
| Payout Ratio |
|
82.80% | 71.77% | 75.45% | 77.81% | 87.40% |
Frequently Asked Questions
