FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

PAYX
2026-05-31 · figures in $M

FCF DOWN

Free cash flow fell 32% to $515.0M, and covered net income 1.22×.

CASH FROM OPS -28.5%
581 36.2% MGN
CAPITAL EXPENDITURE +29.2%
66
FREE CASH FLOW -32.4%
515
FCF / NET INCOME -9.9%
1.22× TARGET >1.0×
Cash flow 24-08 24-11 25-02 25-05 25-08 25-11 26-02 QoQ YoY TTM 8Q
Net income
427 413 519 297 384 395 560 421 -24.9% +41.5% 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
39 42 43 86 109 109 111 113 +2.0% +32.1% 443
Stock-based comp
16 16 18 61 27 26 23 21 -10.4% -66.2% 96
Cash from operations
546 295 716 344 718 445 812 581 -28.5% +69.0% 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
1.28× 0.71× 1.38× 1.16× 1.87× 1.13× 1.45× 1.38× -4.8% +19.4% 1.45×
Capital expenditures
(36) (47) (49) (60) (56) (62) (51) (66) +29.2% +8.9% (235)
Free cash flow
510 248 667 283 662 383 762 515 -32.4% +81.8% 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
38.7% 18.8% 44.2% 19.8% 43.0% 24.6% 42.1% 32.1% -23.8% +61.6% 35.7%
Cash from investing
-110 -193 21 -3,075 -1,303 376 1 -227 — — -1,152
Dividends paid
353 353 353 389 389 388 388 425 +9.4% +9.1% 1,590
Share repurchases
104 0 0 0 160 126 75 249 3.3× — 611
Cash from financing
-485 -291 -3 3,072 -515 -582 235 -1,791 — — -2,654
Net change in cash
-49 -189 734 341 -1,100 239 1,049 -1,438 — — -1,250
Ending cash balance
1,460 1,202 1,564 1,629 809 1,486 1,742 1,088 -37.5% -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
FROM762 CASH FROM OPERATIONS-232 CAPITAL EXPENDITURES-15 TO515
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-K FILED 2026-07-17 ↗