FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

PAYX
2026-05-31 · figures in $M

NET DEBT UP

Net debt rose 3.9% to $3.5B — the highest of its last 8 readings, and stands at 1.17× annualized EBITDA.

CASH -33.2%
1,088
TOTAL DEBT -8.3%
4,556
NET DEBT +3.9%
3,468
NET DEBT / ANN. EBITDA -15.0%
1.17× TARGET <2.0×
Balance sheet FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 YoY
Cash & equivalents
10-K
674 905 995 370 1,222 1,469 1,629 1,088 -33.2%
Accounts receivable
10-K
420 384 578 724 873 1,060 1,330 1,508 +13.3%
Other current assets
10-K
234 245 249 272 290 322 378 385 +1.7%
Total current assets
10-K
5,678 5,465 6,170 6,582 7,528 7,252 8,916 8,613 -3.4%
Current ratio
10-K
1.17× 1.23× 1.25× 1.25× 1.30× 1.37× 1.28× 1.26× -1.8%
Goodwill
10-K
1,783 1,791 1,821 1,832 1,834 1,883 4,514 4,527 +0.3%
Property, plant & equipment
10-K
409 407 396 401 396 412 512 589 +15.1%
Total assets
10-K
8,676 8,551 9,227 9,635 10,546 10,383 16,564 16,174 -2.4%
Return on assets (annualized)
NOT DISCLOSED 10-K
— — — 14.5% 14.8% 16.3% 10.0% 10.9% +8.8%
Accounts payable
10-K
76 79 89 106 85 104 130 155 +19.3%
Short-term debt
NOT DISCLOSED 10-K
— 5 7 9 10 0 400 0 -100.0%
Total current liabilities
10-K
4,845 4,427 4,938 5,269 5,805 5,309 6,956 6,841 -1.7%
Long-term debt
10-K
796 797 797 798 798 799 4,548 4,556 +0.2%
Total liabilities
10-K
6,056 5,769 6,279 6,550 7,053 6,582 12,436 12,439 +0.0%
Net debt
10-K
123 -103 -190 436 -414 -652 3,338 3,468 +3.9%
Stockholders' equity
10-K
2,620 2,781 2,948 3,085 3,493 3,801 4,128 3,735 -9.5%
Net debt / TTM EBITDA
10-K
0.08× -0.06× -0.12× 0.21× -0.19× -0.28× 1.38× 1.17× -15.0%

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SELECTED · NET DEBT · QoQ BRIDGE
FROM3,338 TOTAL DEBT-411 CASH & EQUIVALENTS+540 ROUNDING+1 TO3,468
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-K FILED 2026-07-17 ↗