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.
▼−1 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
▼−17 over range · as of 2026-05-31
Net debt 1.2x EBITDA, 9x interest coverage, 1.3x current ratio · sector avg 68
Latest quarter · ending 2026-05-31 · green = improving · click a row to chart it
Revenue $1.6B −11.2% Gross margin 74.0% −2.2pp Operating margin 37.7% −6.1pp Net margin 26.2% −4.8pp Net income $420.6M −24.9% CHARTEDFilings
Full history 37 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 37 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 → 10-K FY 2016 2016-07-22 Pro → 10-K FY 2015 2015-07-21 Pro → 10-K FY 2014 2014-07-22 Pro → 10-K FY 2013 2013-07-22 Pro → 10-K FY 2012 2012-07-20 Pro → 10-K FY 2011 2011-07-15 Pro → 10-K FY 2010 2010-07-16 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 09-08 | 2009-08-31 | $500.2M |
| 09-11 | 2009-11-30 | $496.6M |
| 10-02 | 2010-02-28 | $507.8M |
| 10-05 | 2010-05-31 | $496.2M |
| 10-08 | 2010-08-31 | $518.3M |
| 10-11 | 2010-11-30 | $512.0M |
| 11-02 | 2011-02-28 | $531.3M |
| 11-05 | 2011-05-31 | $522.7M |
| 11-08 | 2011-08-31 | $563.1M |
| 11-11 | 2011-11-30 | $545.7M |
| 12-02 | 2012-02-29 | $569.5M |
| 12-05 | 2012-05-31 | $551.5M |
| 12-08 | 2012-08-31 | $578.2M |
| 12-11 | 2012-11-30 | $569.4M |
| 13-02 | 2013-02-28 | $593.3M |
| 13-05 | 2013-05-31 | $585.3M |
| 13-08 | 2013-08-31 | $613.1M |
| 13-11 | 2013-11-30 | $616.4M |
| 14-02 | 2014-02-28 | $650.4M |
| 14-05 | 2014-05-31 | $639.0M |
| 14-08 | 2014-08-31 | $666.8M |
| 14-11 | 2014-11-30 | $676.3M |
| 15-02 | 2015-02-28 | $704.3M |
| 15-05 | 2015-05-31 | $692.2M |
| 15-08 | 2015-08-31 | $723.0M |
| 15-11 | 2015-11-30 | $722.4M |
| 16-02 | 2016-02-29 | $752.6M |
| 16-05 | 2016-05-31 | $753.9M |
| 16-08 | 2016-08-31 | $785.5M |
| 16-11 | 2016-11-30 | $771.4M |
| 17-02 | 2017-02-28 | $795.8M |
| 17-05 | 2017-05-31 | $798.6M |
| 17-08 | 2017-08-31 | $792.9M |
| 17-11 | 2017-11-30 | $803.0M |
| 18-02 | 2018-02-28 | $936.1M |
| 18-05 | 2018-05-31 | $845.7M |
| 18-08 | 2018-08-31 | $862.8M |
| 18-11 | 2018-11-30 | $858.9M |
| 19-02 | 2019-02-28 | $1.1B |
| 19-05 | 2019-05-31 | $980.4M |
| 19-08 | 2019-08-31 | $992.0M |
| 19-11 | 2019-11-30 | $990.7M |
| 20-02 | 2020-02-29 | $1.1B |
| 20-05 | 2020-05-31 | $915.1M |
| 20-08 | 2020-08-31 | $932.2M |
| 20-11 | 2020-11-30 | $983.7M |
| 21-02 | 2021-02-28 | $1.1B |
| 21-05 | 2021-05-31 | $1.0B |
| 21-08 | 2021-08-31 | $1.1B |
| 21-11 | 2021-11-30 | $1.1B |
| 22-02 | 2022-02-28 | $1.3B |
| 22-05 | 2022-05-31 | $1.1B |
| 22-08 | 2022-08-31 | $1.2B |
| 22-11 | 2022-11-30 | $1.2B |
| 23-02 | 2023-02-28 | $1.4B |
| 23-05 | 2023-05-31 | $1.2B |
| 23-08 | 2023-08-31 | $1.3B |
| 23-11 | 2023-11-30 | $1.3B |
| 24-02 | 2024-02-29 | $1.4B |
| 24-05 | 2024-05-31 | $1.3B |
| 24-08 | 2024-08-31 | $1.3B |
| 24-11 | 2024-11-30 | $1.3B |
| 25-02 | 2025-02-28 | $1.5B |
| 25-05 | 2025-05-31 | $1.4B |
| 25-08 | 2025-08-31 | $1.5B |
| 25-11 | 2025-11-30 | $1.6B |
| 26-02 | 2026-02-28 | $1.8B |
| 26-05 | 2026-05-31 | $1.6B |
| Period | Period end | Net income |
|---|---|---|
| 09-08 | 2009-08-31 | $123.6M |
| 09-11 | 2009-11-30 | $125.9M |
| 10-02 | 2010-02-28 | $112.0M |
| 10-05 | 2010-05-31 | $115.5M |
| 10-08 | 2010-08-31 | $131.9M |
| 10-11 | 2010-11-30 | $133.9M |
| 11-02 | 2011-02-28 | $130.6M |
| 11-05 | 2011-05-31 | $118.9M |
| 11-08 | 2011-08-31 | $148.9M |
| 11-11 | 2011-11-30 | $140.4M |
| 12-02 | 2012-02-29 | $135.4M |
| 12-05 | 2012-05-31 | $123.3M |
| 12-08 | 2012-08-31 | $153.1M |
| 12-11 | 2012-11-30 | $147.9M |
| 13-02 | 2013-02-28 | $144.5M |
| 13-05 | 2013-05-31 | $123.5M |
| 13-08 | 2013-08-31 | $162.8M |
| 13-11 | 2013-11-30 | $158.7M |
| 14-02 | 2014-02-28 | $160.1M |
| 14-05 | 2014-05-31 | $145.9M |
| 14-08 | 2014-08-31 | $171.3M |
| 14-11 | 2014-11-30 | $173.0M |
| 15-02 | 2015-02-28 | $169.4M |
| 15-05 | 2015-05-31 | $161.2M |
| 15-08 | 2015-08-31 | not reported |
| 15-11 | 2015-11-30 | not reported |
| 16-02 | 2016-02-29 | not reported |
| 16-05 | 2016-05-31 | not reported |
| 16-08 | 2016-08-31 | not reported |
| 16-11 | 2016-11-30 | not reported |
| 17-02 | 2017-02-28 | not reported |
| 17-05 | 2017-05-31 | not reported |
| 17-08 | 2017-08-31 | not reported |
| 17-11 | 2017-11-30 | not reported |
| 18-02 | 2018-02-28 | not reported |
| 18-05 | 2018-05-31 | not reported |
| 18-08 | 2018-08-31 | not reported |
| 18-11 | 2018-11-30 | not reported |
| 19-02 | 2019-02-28 | not reported |
| 19-05 | 2019-05-31 | not reported |
| 19-08 | 2019-08-31 | not reported |
| 19-11 | 2019-11-30 | not reported |
| 20-02 | 2020-02-29 | not reported |
| 20-05 | 2020-05-31 | not reported |
| 20-08 | 2020-08-31 | not reported |
| 20-11 | 2020-11-30 | not reported |
| 21-02 | 2021-02-28 | not reported |
| 21-05 | 2021-05-31 | not reported |
| 21-08 | 2021-08-31 | not reported |
| 21-11 | 2021-11-30 | not reported |
| 22-02 | 2022-02-28 | not reported |
| 22-05 | 2022-05-31 | not reported |
| 22-08 | 2022-08-31 | not reported |
| 22-11 | 2022-11-30 | not reported |
| 23-02 | 2023-02-28 | not reported |
| 23-05 | 2023-05-31 | not reported |
| 23-08 | 2023-08-31 | $419.2M |
| 23-11 | 2023-11-30 | $392.7M |
| 24-02 | 2024-02-29 | $498.6M |
| 24-05 | 2024-05-31 | $379.9M |
| 24-08 | 2024-08-31 | $427.4M |
| 24-11 | 2024-11-30 | $413.4M |
| 25-02 | 2025-02-28 | $519.3M |
| 25-05 | 2025-05-31 | $297.2M |
| 25-08 | 2025-08-31 | $383.8M |
| 25-11 | 2025-11-30 | $395.4M |
| 26-02 | 2026-02-28 | $560.3M |
| 26-05 | 2026-05-31 | $420.6M |
| Period | Period end | Operating income |
|---|---|---|
| 09-08 | 2009-08-31 | $189.9M |
| 09-11 | 2009-11-30 | $193.1M |
| 10-02 | 2010-02-28 | $168.2M |
| 10-05 | 2010-05-31 | $173.6M |
| 10-08 | 2010-08-31 | $200.8M |
| 10-11 | 2010-11-30 | $203.9M |
| 11-02 | 2011-02-28 | $198.9M |
| 11-05 | 2011-05-31 | $182.8M |
| 11-08 | 2011-08-31 | $229.7M |
| 11-11 | 2011-11-30 | $217.9M |
| 12-02 | 2012-02-29 | $210.4M |
| 12-05 | 2012-05-31 | $195.9M |
| 12-08 | 2012-08-31 | $238.0M |
| 12-11 | 2012-11-30 | $230.0M |
| 13-02 | 2013-02-28 | $225.0M |
| 13-05 | 2013-05-31 | $211.8M |
| 13-08 | 2013-08-31 | $255.1M |
| 13-11 | 2013-11-30 | $248.6M |
| 14-02 | 2014-02-28 | $250.7M |
| 14-05 | 2014-05-31 | $228.3M |
| 14-08 | 2014-08-31 | $267.5M |
| 14-11 | 2014-11-30 | $270.2M |
| 15-02 | 2015-02-28 | $264.3M |
| 15-05 | 2015-05-31 | $251.6M |
| 15-08 | 2015-08-31 | $296.1M |
| 15-11 | 2015-11-30 | $294.2M |
| 16-02 | 2016-02-29 | $280.0M |
| 16-05 | 2016-05-31 | $276.3M |
| 16-08 | 2016-08-31 | $323.0M |
| 16-11 | 2016-11-30 | $311.1M |
| 17-02 | 2017-02-28 | $306.6M |
| 17-05 | 2017-05-31 | $298.9M |
| 17-08 | 2017-08-31 | $317.3M |
| 17-11 | 2017-11-30 | $303.1M |
| 18-02 | 2018-02-28 | $369.0M |
| 18-05 | 2018-05-31 | $302.1M |
| 18-08 | 2018-08-31 | $320.3M |
| 18-11 | 2018-11-30 | $307.2M |
| 19-02 | 2019-02-28 | $429.3M |
| 19-05 | 2019-05-31 | $314.5M |
| 19-08 | 2019-08-31 | $349.1M |
| 19-11 | 2019-11-30 | $341.7M |
| 20-02 | 2020-02-29 | $470.1M |
| 20-05 | 2020-05-31 | $299.6M |
| 20-08 | 2020-08-31 | $284.0M |
| 20-11 | 2020-11-30 | $354.3M |
| 21-02 | 2021-02-28 | $468.6M |
| 21-05 | 2021-05-31 | $353.8M |
| 21-08 | 2021-08-31 | $442.9M |
| 21-11 | 2021-11-30 | $440.3M |
| 22-02 | 2022-02-28 | $562.8M |
| 22-05 | 2022-05-31 | $394.0M |
| 22-08 | 2022-08-31 | $495.6M |
| 22-11 | 2022-11-30 | $472.3M |
| 23-02 | 2023-02-28 | $611.9M |
| 23-05 | 2023-05-31 | $453.3M |
| 23-08 | 2023-08-31 | $536.3M |
| 23-11 | 2023-11-30 | $506.2M |
| 24-02 | 2024-02-29 | $649.8M |
| 24-05 | 2024-05-31 | $481.8M |
| 24-08 | 2024-08-31 | $546.7M |
| 24-11 | 2024-11-30 | $538.1M |
| 25-02 | 2025-02-28 | $691.8M |
| 25-05 | 2025-05-31 | $431.1M |
| 25-08 | 2025-08-31 | $541.9M |
| 25-11 | 2025-11-30 | $571.9M |
| 26-02 | 2026-02-28 | $792.0M |
| 26-05 | 2026-05-31 | $604.7M |
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 |
|---|---|---|---|---|
| 09-08 | 2009-08-31 | not scored | not scored | not scored |
| 09-11 | 2009-11-30 | not scored | not scored | not scored |
| 10-02 | 2010-02-28 | not scored | not scored | not scored |
| 10-05 | 2010-05-31 | not scored | not scored | not scored |
| 10-08 | 2010-08-31 | not scored | not scored | not scored |
| 10-11 | 2010-11-30 | not scored | not scored | not scored |
| 11-02 | 2011-02-28 | not scored | not scored | not scored |
| 11-05 | 2011-05-31 | not scored | not scored | not scored |
| 11-08 | 2011-08-31 | not scored | not scored | not scored |
| 11-11 | 2011-11-30 | not scored | not scored | not scored |
| 12-02 | 2012-02-29 | not scored | not scored | not scored |
| 12-05 | 2012-05-31 | not scored | not scored | not scored |
| 12-08 | 2012-08-31 | not scored | not scored | not scored |
| 12-11 | 2012-11-30 | not scored | not scored | not scored |
| 13-02 | 2013-02-28 | not scored | not scored | not scored |
| 13-05 | 2013-05-31 | not scored | not scored | not scored |
| 13-08 | 2013-08-31 | not scored | not scored | not scored |
| 13-11 | 2013-11-30 | not scored | not scored | not scored |
| 14-02 | 2014-02-28 | not scored | not scored | not scored |
| 14-05 | 2014-05-31 | not scored | not scored | not scored |
| 14-08 | 2014-08-31 | not scored | not scored | not scored |
| 14-11 | 2014-11-30 | not scored | not scored | not scored |
| 15-02 | 2015-02-28 | not scored | not scored | not scored |
| 15-05 | 2015-05-31 | not scored | not scored | not scored |
| 15-08 | 2015-08-31 | not scored | not scored | not scored |
| 15-11 | 2015-11-30 | not scored | not scored | not scored |
| 16-02 | 2016-02-29 | not scored | not scored | not scored |
| 16-05 | 2016-05-31 | not scored | not scored | not scored |
| 16-08 | 2016-08-31 | not scored | not scored | not scored |
| 16-11 | 2016-11-30 | not scored | not scored | not scored |
| 17-02 | 2017-02-28 | not scored | not scored | not scored |
| 17-05 | 2017-05-31 | not scored | not scored | not scored |
| 17-08 | 2017-08-31 | not scored | not scored | not scored |
| 17-11 | 2017-11-30 | not scored | not scored | not scored |
| 18-02 | 2018-02-28 | not scored | not scored | not scored |
| 18-05 | 2018-05-31 | not scored | not scored | not scored |
| 18-08 | 2018-08-31 | not scored | not scored | not scored |
| 18-11 | 2018-11-30 | not scored | not scored | not scored |
| 19-02 | 2019-02-28 | not scored | not scored | not scored |
| 19-05 | 2019-05-31 | not scored | not scored | not scored |
| 19-08 | 2019-08-31 | not scored | not scored | not scored |
| 19-11 | 2019-11-30 | not scored | not scored | not scored |
| 20-02 | 2020-02-29 | not scored | not scored | not scored |
| 20-05 | 2020-05-31 | not scored | not scored | not scored |
| 20-08 | 2020-08-31 | not scored | not scored | not scored |
| 20-11 | 2020-11-30 | not scored | not scored | not scored |
| 21-02 | 2021-02-28 | not scored | not scored | not scored |
| 21-05 | 2021-05-31 | not scored | not scored | not scored |
| 21-08 | 2021-08-31 | not scored | not scored | not scored |
| 21-11 | 2021-11-30 | not scored | not scored | not scored |
| 22-02 | 2022-02-28 | not scored | not scored | not scored |
| 22-05 | 2022-05-31 | not scored | not scored | not scored |
| 22-08 | 2022-08-31 | not scored | not scored | not scored |
| 22-11 | 2022-11-30 | not scored | not scored | not scored |
| 23-02 | 2023-02-28 | not scored | not scored | not scored |
| 23-05 | 2023-05-31 | not scored | not scored | not scored |
| 23-08 | 2023-08-31 | 74 | 85 | 76 |
| 23-11 | 2023-11-30 | 40 | 86 | 75 |
| 24-02 | 2024-02-29 | 60 | 86 | 79 |
| 24-05 | 2024-05-31 | 32 | 85 | 85 |
| 24-08 | 2024-08-31 | 35 | 85 | 82 |
| 24-11 | 2024-11-30 | 46 | 85 | 83 |
| 25-02 | 2025-02-28 | 52 | 86 | 86 |
| 25-05 | 2025-05-31 | 46 | 83 | 53 |
| 25-08 | 2025-08-31 | 62 | 83 | 51 |
| 25-11 | 2025-11-30 | 65 | 83 | 59 |
| 26-02 | 2026-02-28 | 68 | 83 | 67 |
| 26-05 | 2026-05-31 | 74 | 83 | 59 |