Paychex Current Liabilities Before Client Fund Obligations increased by 5.5% to $2.28B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 47.0%, from $1.55B to $2.28B. Over 4 years (FY 2021 to FY 2025), Current Liabilities Before Client Fund Obligations shows an upward trend with a 13.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A lower ratio relative to current assets indicates stronger short-term operational liquidity.
This metric isolates the company's core operational current liabilities by excluding obligations related to client funds...
Specific to financial services and payroll firms that manage third-party funds.
non_current_liabilities_current_liabilities_before_clien_f2ac16| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.27B | $1.25B | $1.38B | $1.35B | $1.45B | $1.39B | $1.40B | $1.49B | $1.51B | $1.67B | $1.63B | $1.76B | $1.44B | $1.50B | $1.43B | $1.55B | $2.09B | $2.18B | $2.16B | $2.28B |
| QoQ Change | — | -1.0% | +10.2% | -2.2% | +7.2% | -4.1% | +0.9% | +6.2% | +1.4% | +10.2% | -2.3% | +8.1% | -18.1% | +4.2% | -4.4% | +7.9% | +35.0% | +4.4% | -1.1% | +5.5% |
| YoY Change | — | — | — | — | +14.4% | +10.9% | +1.5% | +10.2% | +4.2% | +19.8% | +16.0% | +18.1% | -4.7% | -9.9% | -11.9% | -12.0% | +45.0% | +45.3% | +50.4% | +47.0% |