PAYX NASDAQ
Paychex, Inc.
1W: +5.5%
1M: +14.1%
3M: -2.7%
YTD: +10.2%
1Y: -3.2%
3Y: +8.4%
5Y: +12.5%
$109.26
-6.44 (-5.57%)
After Hours: $109.88 (+0.62, +0.57%)
Weekly Expected Move ±4.0%
$109
$113
$118
$123
$127
Credit Risk of going bust: lower than 82% of companies Debt: 10.1% of company value Bonds: $169.4M held by 250 funds, 80 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.86 (down 99.3%), Paychex, Inc. would be worth roughly what it owes.
Total debt $4.62B against a stock market value of $41.19B.
Distance to default 10.17 (Merton model): prices to 2026-10-26, balance sheet 2026-08-31, debt counted $2.28B (short-term plus half of long-term), stock volatility 30.5%; Altman Z'' 2.56. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.86 (down 99.3%), Paychex, Inc. would be worth roughly what it owes.
Total debt $4.62B against a stock market value of $41.19B.
Distance to default 10.17 (Merton model): prices to 2026-10-26, balance sheet 2026-08-31, debt counted $2.28B (short-term plus half of long-term), stock volatility 30.5%; Altman Z'' 2.56. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Balance Sheet Trends
Total Assets
$16.2B
-2.4% ▼
5Y CAGR: +11.9%
Total Liabilities
$12.4B
+0.0% ▲
5Y CAGR: +14.7%
Shareholders Equity
$3.7B
-9.5% ▼
5Y CAGR: +4.8%
Cash & Investments
$1.2B
-29.2% ▼
5Y CAGR: +2.7%
Total Debt
$4.6B
-7.8% ▼
5Y CAGR: +38.9%
Net Debt
$3.5B
+2.8% ▲
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $370M | $1.2B | $1.5B | $1.6B | $1.1B |
| Short-Term Investments | $854M | $373M | $34M | $34M | $36M |
| Cash & ST Investments | $1.2B | $1.6B | $1.5B | $1.7B | $1.2B |
| Net Receivables | $1.3B | $1.4B | $1.6B | $2.0B | $2.2B |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $4.0B | $4.5B | $4.1B | $5.2B | $5.2B |
| Total Current Assets | $6.6B | $7.5B | $7.3B | $8.9B | $8.6B |
| Property, Plant & Equip. | $480M | $458M | $459M | $575M | $653M |
| Goodwill & Intangibles | $2.1B | $2.0B | $2.1B | $6.5B | $6.2B |
| Long-Term Investments | $5M | $4M | $4M | $0 | $0 |
| Other Non-Current Assets | $512M | $535M | $592M | $611M | $697M |
| Total Non-Current Assets | $3.1B | $3.0B | $3.1B | $7.6B | $7.6B |
| Total Assets | $9.6B | $10.5B | $10.4B | $16.6B | $16.2B |
| — Liabilities — | |||||
| Accounts Payable | $106M | $85M | $104M | $130M | $155M |
| Short-Term Debt | $9M | $10M | $19M | $418M | $22M |
| Deferred Revenue | $38M | $47M | $50M | $69M | $69M |
| Other Current Liabilities | $4.2B | $4.7B | $4.3B | $5.4B | $5.5B |
| Total Current Liabilities | $5.3B | $5.8B | $5.3B | $7.0B | $6.8B |
| Long-Term Debt | $798M | $798M | $799M | $4.5B | $4.6B |
| Other Non-Current Liab. | $243M | $280M | $339M | $431M | $447M |
| Total Non-Current Liabilities | $1.3B | $1.2B | $1.3B | $5.5B | $5.6B |
| Total Liabilities | $6.5B | $7.1B | $6.6B | $12.4B | $12.4B |
| — Equity — | |||||
| Common Stock | $4M | $4M | $4M | $4M | $4M |
| Retained Earnings | $1.7B | $2.0B | $2.2B | $2.3B | $1.8B |
| Accumulated OCI | -$134M | -$160M | -$145M | -$54M | -$50M |
| Total Stockholders Equity | $3.1B | $3.5B | $3.8B | $4.1B | $3.7B |
| Total Liabilities & Equity | $9.6B | $10.5B | $10.4B | $16.6B | $16.2B |
| — Key Metrics — | |||||
| Total Debt | $881M | $866M | $866M | $5.0B | $4.6B |
| Net Debt | $511M | -$356M | -$603M | $3.4B | $3.5B |
| Total Investments | $859M | $377M | $38M | $34M | $36M |