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Paychex Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Paychex holds $17.5B in total assets. Shareholders' equity is $4.0B against $4.6B in total debt. Cash and equivalents total $1.7B. The current ratio is 1.26 and debt-to-equity is 1.15. Based on the Q4 2025 filing.

Total Assets$17.5BTotal Stockholders Equity$4.0BLong Term Debt$4.6BCash And Equivalents$1.7BTotal Current Assets$9.9BTotal Current Liabilities$7.9B
Latest FilingQ4 2025
Report Date2026-03-26
Market Cap$31.8B
P/E Ratio19.45
ROE40.26%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$89.2M$118.7M$129.8M$120.6M$137.6M$132.4M
Accrued expenses$112.9M$157.8M$183.9M$151.7M$147.1M$176.7M
Accrued interest$38.0M$37.2M$34.5M$861.9M$37.6M$38.1M
Accrued Manufacturing Costs$112.9M$157.8M$183.9M$151.7M$147.1M$176.7M
Accrued Income Taxes, Current——$0.0—$44.4M$62.5M
Compensation and benefits$112.9M$157.8M$183.9M$151.7M$147.1M$176.7M
Other accrued liabilities$458.9M$455.3M$552.0M$641.1M$531.5M$609.0M
Current portion of long-term debt$18.2M$17.6M$18.6M$18.5M$18.2M$0.0
Deferred revenue$50.7M$51.7M$69.4M$68.8M$70.5M$70.3M
Income taxes payable$113.2M$118.2M$0.0$124.9M$44.4M$62.5M
Note payable to DIRECTV$458.9M$455.3M$552.0M$641.1M$531.5M$609.0M
Short-term borrowings$18.2M$17.6M$18.6M$18.5M$18.2M$0.0
Total current liabilities$5.3B$5.8B$7.0B$7.1B$7.0B$7.9B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$1.3B$1.2B$1.3B$1.4B$1.4B$1.4B
Cash and cash equivalents$1.2B$1.6B$1.6B$809.0M$1.5B$1.7B
Funds Held for Clients$3.8B$4.2B$4.8B$4.9B$4.9B$5.6B
Short- term Investments$38.0M$37.2M$34.5M$861.9M$37.6M$38.1M
Accrued investment income$23.7M$22.6M$27.9M$34.0M$35.0M$37.0M
Income taxes receivable$92.2M$18.3M$38.9M$9.2M$56.8M$37.7M
Prepaid expenses and other current assets$345.6M$359.4M$378.3M$379.4M$372.5M$378.2M
Restricted cash$63.1M$49.1M$47.9M$50.4M$50.7M$49.8M
Short-term investments$38.0M$37.2M$34.5M$861.9M$37.6M$38.1M
Total current assets$7.4B$8.1B$8.9B$9.0B$8.9B$9.9B
Unbilled Revenue$598.9M$597.9M$616.6M$609.4M$640.0M$598.8M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.8B$1.8B$1.9B$1.9B$1.9B$2.0B
Accumulated other comprehensive income (loss)-$91.9M-$89.6M-$53.7M-$25.0M-$17.6M-$2.7M
Common stock$3.6M$3.6M$3.6M$3.6M$3.6M$3.6M
Additional paid-in capital$1.8B$1.8B$1.9B$1.9B$1.9B$2.0B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$3.6M$3.6M$3.6M$3.6M$3.6M$3.6M
Retained earnings$2.2B$2.4B$2.3B$2.1B$2.0B$2.0B
Total liabilities and stockholders' equity$10.6B$11.2B$16.6B$16.7B$16.5B$17.5B
Total stockholders' equity$3.9B$4.1B$4.1B$4.0B$3.9B$4.0B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$119.1M$119.5M$128.5M$134.0M$134.5M$139.6M
Goodwill$1.9B$1.9B$4.5B$4.5B$4.5B$4.5B
Intangible assets, net$179.8M$175.6M$1.9B$1.9B$1.8B$1.7B
Net Investment in Lease$46.3M$48.2M$63.8M$64.2M$80.1M$69.8M
Deferred costs$468.0M$472.3M$482.4M$489.0M$504.1M$530.0M
Current Assets Before Funds Held For Clients$3.6B$3.9B$4.1B$4.1B$4.0B$4.3B
Other intangible assets—net$179.8M$175.6M$1.9B$1.9B$1.8B$1.7B
Operating lease right-of-use assets$46.3M$48.2M$63.8M$64.2M$80.1M$69.8M
Other non-current assets$119.1M$119.5M$128.5M$134.0M$134.5M$139.6M
Operating lease right-of-use assets$46.3M$48.2M$63.8M$64.2M$80.1M$69.8M
Operating Lease Right-of-Use Assets in Other Assets$46.3M$48.2M$63.8M$64.2M$80.1M$69.8M
Other non-current assets$468.0M$472.3M$482.4M$489.0M$504.1M$530.0M
Property and equipment, net$432.1M$451.2M$511.5M$525.4M$551.2M$569.2M
Software and Technology Licenses, Net$119.1M$119.5M$128.5M$134.0M$134.5M$139.6M
Total assets$10.6B$11.2B$16.6B$16.7B$16.5B$17.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax liabilities$95.3M$93.0M$444.7M$518.0M$531.9M$553.5M
Long-term debt$798.9M$799.0M$4.5B$4.6B$4.6B$4.6B
Accrued Worksite Employee Compensation And Related Items$704.3M$746.8M$735.8M$779.7M$807.2M$824.6M
Client Fund Obligations$3.9B$4.3B$4.9B$4.9B$4.9B$5.6B
Current Liabilities Before Client Fund Obligations$1.4B$1.5B$2.1B$2.2B$2.2B$2.3B
Operating lease liabilities, non-current$45.7M$47.1M$55.5M$52.9M$66.6M$59.3M
Other non-current liabilities$246.7M$248.0M$312.2M$317.6M$316.5M$315.2M
Total liabilities$6.6B$7.1B$12.4B$12.7B$12.6B$13.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes payable – long-term$113.2M$118.2M$119.0M$124.9M$130.5M$136.6M
Deferred income taxes$95.3M$93.0M$444.7M$518.0M$531.9M$553.5M
Interest receivable on interest rate and cross currency swaps$23.7M$22.6M$27.9M$34.0M$35.0M$37.0M
Unbilled Receivables$598.9M$597.9M$616.6M$609.4M$640.0M$598.8M