PAYCHEX INC
PAYX Industrials · Construction & EngineeringEach grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-05-31.
▲+42 over range · as of 2026-05-31
Revenue +12.5% YoY, earnings +41.5% YoY · sector avg 71
▼−2 over range · as of 2026-05-31
26.2% net margin, 47% return on equity, 36% free-cash-flow margin, profitable in 8 of last 8 quarters · sector avg 49
▼−26 over range · as of 2026-05-31
Net debt 1.2x EBITDA, 9x interest coverage, 1.3x current ratio · sector avg 68
Latest fiscal year · ending 2026-05-31 · green = improving · click a row to chart it
Revenue $6.5B +16.9% Gross margin 74.3% +1.9pp Operating margin 38.6% −1.1pp CHARTED Net margin 27.0% −2.7pp Net income $1.8B +6.2%Filings
FY 2017 → FY 2026 · following the period bar 30 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | no filing | no filing | 10-Q Q3 2026 | 10-K FY 2026 |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | 10-Q Q1 2020 | 10-Q Q2 2020 | 10-Q Q3 2020 | 10-K FY 2020 |
| 2019 | no filing | 10-Q Q2 2019 | no filing | 10-K FY 2019 |
All 30 filings
10-Q Q2 2024 2024-12-19 Pro → 10-Q Q1 2024 2024-10-01 Pro → 10-K FY 2024 2024-07-11 Pro → 10-Q Q3 2024 2024-04-02 Pro → 10-Q Q2 2023 2023-12-21 Pro → 10-Q Q1 2023 2023-09-28 Pro → 10-K FY 2023 2023-07-14 Pro → 10-Q Q3 2023 2023-03-30 Pro → 10-Q Q2 2022 2022-12-22 Pro → 10-Q Q1 2022 2022-09-29 Pro → 10-K FY 2022 2022-07-15 Pro → 10-Q Q3 2022 2022-03-31 Pro → 10-Q Q2 2021 2021-12-22 Pro → 10-Q Q1 2021 2021-10-01 Pro → 10-K FY 2021 2021-07-16 Pro → 10-Q Q3 2021 2021-04-07 Pro → 10-Q Q2 2020 2020-12-23 Pro → 10-Q Q1 2020 2020-10-09 Pro → 10-K FY 2020 2020-07-17 Pro → 10-Q Q3 2020 2020-03-27 Pro → 10-Q Q2 2019 2019-12-20 Pro → 10-K FY 2019 2019-07-24 Pro → 10-K FY 2018 2018-07-20 Pro → 10-K FY 2017 2017-07-21 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| FY 2017 | 2017-05-31 | $3.2B |
| FY 2018 | 2018-05-31 | $3.4B |
| FY 2019 | 2019-05-31 | $3.8B |
| FY 2020 | 2020-05-31 | $4.0B |
| FY 2021 | 2021-05-31 | $4.1B |
| FY 2022 | 2022-05-31 | $4.6B |
| FY 2023 | 2023-05-31 | $5.0B |
| FY 2024 | 2024-05-31 | $5.3B |
| FY 2025 | 2025-05-31 | $5.6B |
| FY 2026 | 2026-05-31 | $6.5B |
| Period | Period end | Net income |
|---|---|---|
| FY 2017 | 2017-05-31 | not reported |
| FY 2018 | 2018-05-31 | not reported |
| FY 2019 | 2019-05-31 | not reported |
| FY 2020 | 2020-05-31 | not reported |
| FY 2021 | 2021-05-31 | not reported |
| FY 2022 | 2022-05-31 | $1.4B |
| FY 2023 | 2023-05-31 | $1.6B |
| FY 2024 | 2024-05-31 | $1.7B |
| FY 2025 | 2025-05-31 | $1.7B |
| FY 2026 | 2026-05-31 | $1.8B |
| Period | Period end | Operating income |
|---|---|---|
| FY 2017 | 2017-05-31 | $1.3B |
| FY 2018 | 2018-05-31 | $1.3B |
| FY 2019 | 2019-05-31 | $1.4B |
| FY 2020 | 2020-05-31 | $1.5B |
| FY 2021 | 2021-05-31 | $1.5B |
| FY 2022 | 2022-05-31 | $1.8B |
| FY 2023 | 2023-05-31 | $2.0B |
| FY 2024 | 2024-05-31 | $2.2B |
| FY 2025 | 2025-05-31 | $2.2B |
| FY 2026 | 2026-05-31 | $2.5B |
| Period | Period end | Operating margin |
|---|---|---|
| FY 2017 | 2017-05-31 | 39.8% |
| FY 2018 | 2018-05-31 | 38.2% |
| FY 2019 | 2019-05-31 | 36.3% |
| FY 2020 | 2020-05-31 | 36.1% |
| FY 2021 | 2021-05-31 | 36.0% |
| FY 2022 | 2022-05-31 | 39.9% |
| FY 2023 | 2023-05-31 | 40.6% |
| FY 2024 | 2024-05-31 | 41.2% |
| FY 2025 | 2025-05-31 | 39.6% |
| FY 2026 | 2026-05-31 | 38.6% |
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| FY 2017 | 2017-05-31 | not scored | not scored | not scored |
| FY 2018 | 2018-05-31 | not scored | not scored | not scored |
| FY 2019 | 2019-05-31 | not scored | not scored | not scored |
| FY 2020 | 2020-05-31 | not scored | not scored | not scored |
| FY 2021 | 2021-05-31 | not scored | not scored | not scored |
| FY 2022 | 2022-05-31 | not scored | not scored | not scored |
| FY 2023 | 2023-05-31 | not scored | not scored | not scored |
| FY 2024 | 2024-05-31 | 32 | 85 | 85 |
| FY 2025 | 2025-05-31 | 46 | 83 | 53 |
| FY 2026 | 2026-05-31 | 74 | 83 | 59 |