FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

PAYX
2026-05-31 · figures in $M

FCF UP

Free cash flow rose 36% to $2.3B — the highest of its last 8 readings, and covered net income 1.32×.

CASH FROM OPS +34.5%
2,557 39.3% MGN
CAPITAL EXPENDITURE +22.5%
235
FREE CASH FLOW +35.8%
2,322
FCF / NET INCOME +27.9%
1.32× TARGET >1.0×
Cash flow FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 YoY TTM 8Q
Net income
NOT DISCLOSED
— — — 1,393 1,557 1,690 1,657 1,760 +6.2% 1,760 2024-08-31 · $427.4M2024-11-30 · $413.4M2025-02-28 · $519.3M2025-05-31 · $297.2M2025-08-31 · $383.8M2025-11-30 · $395.4M2026-02-28 · $560.3M2026-05-31 · $420.6M
Depreciation & amortization
182 210 192 192 177 176 210 443 +111.3% 443
Stock-based comp
46 47 52 53 63 61 112 96 -14.0% 96
Cash from operations
1,272 1,441 1,260 1,590 1,706 1,898 1,901 2,557 +34.5% 2,557 2024-08-31 · $546.1M2024-11-30 · $295.0M2025-02-28 · $716.0M2025-05-31 · $343.8M2025-08-31 · $718.4M2025-11-30 · $444.9M2026-02-28 · $812.5M2026-05-31 · $580.9M
Cash conversion
NOT DISCLOSED
— — — 1.14× 1.10× 1.12× 1.15× 1.45× +26.6% 1.45×
Capital expenditures
(124) (127) (118) (134) (143) (161) (192) (235) +22.5% (235)
Free cash flow
1,148 1,314 1,142 1,456 1,563 1,736 1,709 2,322 +35.8% 2,322 2024-08-31 · $510.5M2024-11-30 · $248.0M2025-02-28 · $667.3M2025-05-31 · $283.3M2025-08-31 · $662.5M2025-11-30 · $382.8M2026-02-28 · $761.5M2026-05-31 · $515.0M
FCF margin
30.4% 32.5% 28.1% 31.6% 31.2% 32.9% 30.7% 35.7% +16.2% 35.7%
Cash from investing
-1,628 772 -461 -1,505 212 -261 -3,357 -1,152 — -1,152
Dividends paid
827 889 909 1,000 1,175 1,315 1,448 1,590 +9.7% 1,590
Share repurchases
57 172 156 145 0 169 104 611 5.8× 611
Debt repayment
NOT DISCLOSED
— — — — — 0 0 400 — —
Cash from financing
-1,008 -1,488 -636 -979 -711 -1,875 2,293 -2,654 — -2,654
Net change in cash
-1,365 725 163 -895 1,206 -238 837 -1,250 — -1,250
Ending cash balance
674 905 995 370 1,222 1,469 1,629 1,088 -33.2% 1,088

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM1,709 CASH FROM OPERATIONS+656 CAPITAL EXPENDITURES-43 TO2,322
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-K FILED 2026-07-17 ↗