FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

PAYX
2026-05-31 · figures in $M

FCF UP

Free cash flow rose 11% to $2.3B — the highest of its last 8 readings, and covered net income 1.32×.

CASH FROM OPS +10.2%
2,557 39.3% MGN
CAPITAL EXPENDITURE +2.4%
235
FREE CASH FLOW +11.1%
2,322
FCF / NET INCOME +3.3%
1.32× TARGET >1.0×
Cash flow TTM 24-08 TTM 24-11 TTM 25-02 TTM 25-05 TTM 25-08 TTM 25-11 TTM 26-02 vs prior TTM YoY TTM 8Q
Net income
1,699 1,719 1,740 1,657 1,614 1,596 1,637 1,760 +7.5% +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
174 171 169 210 280 347 415 443 +6.6% +111.3% 443
Stock-based comp
62 63 66 112 122 131 137 96 -29.7% -14.0% 96
Cash from operations
1,751 1,734 1,779 1,901 2,073 2,223 2,320 2,557 +10.2% +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
1.03× 1.01× 1.02× 1.15× 1.28× 1.39× 1.42× 1.45× +2.5% +26.6% 1.45×
Capital expenditures
(158) (165) (173) (192) (212) (227) (230) (235) +2.4% +22.5% (235)
Free cash flow
1,592 1,570 1,606 1,709 1,861 1,996 2,090 2,322 +11.1% +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
30.0% 29.2% 29.5% 30.7% 32.1% 33.1% 33.0% 35.7% +8.0% +16.2% 35.7%
Cash from investing
-358 -454 -425 -3,357 -4,550 -3,980 -4,000 -1,152 — — -1,152
Dividends paid
1,347 1,379 1,412 1,448 1,484 1,519 1,554 1,590 +2.3% +9.7% 1,590
Share repurchases
NOT DISCLOSED
— 104 104 104 161 287 362 611 +69.0% 5.8× 611
Cash from financing
-3,429 -3,183 -3,494 2,293 2,263 1,972 2,210 -2,654 — — -2,654
Net change in cash
-2,036 -1,903 -2,140 837 -214 214 529 -1,250 — — -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
FROM2,090 CASH FROM OPERATIONS+237 CAPITAL EXPENDITURES-5 TO2,322
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-K FILED 2026-07-17 ↗