What is Paychex's accrued manufacturing costs?

Paychex (PAYX) reported accrued manufacturing costs of $176.7M in Q4 2025.

How has Paychex's accrued manufacturing costs changed year-over-year?

Paychex's accrued manufacturing costs increased by 12.0% year-over-year, from $157.8M to $176.7M.

What is the long-term trend for Paychex's accrued manufacturing costs?

Over 4 years (2021 to 2025), Paychex's accrued manufacturing costs has grown at a -3.2% compound annual growth rate (CAGR), from $209.7M to $183.9M.

Paychex PAYX Accrued Manufacturing Costs

Accrued Manufacturing Costs at other companies

Automatic Data Processing, Inc.ADP

——

Asure SoftwareASUR

——

Workday, Inc.WDAY

——

PaylocityPCTY

——

EquifaxEFX

——

CBIZCBZ

——

Other financials

Income statement

See full

Revenue$1.6B+12.5%

Gross profit$1.4B+22.8%

Operating income$604.7M+40.3%

Net income$420.6M+41.5%

EPS (diluted)$1.17+42.7%

Balance sheet

See full

Cash & equivalents$1.1B-33.2%

Total debt$4.6B-0.8%

Total equity$3.7B-9.5%

Total assets$16.2B-2.4%

Cash flow

See full

Operating cash flow$580.9M+69.0%

CapEx$65.9M+8.9%

Free cash flow$515.0M+81.8%

Valuation

See full

Market cap$34.97B-25.6%

Enterprise value$38.49B-23.2%

P/E19.9×-8.5×

P/S5.4×-3.1×

Profitability

See full

Gross margin73.9%+1.9pp

Operating margin38.6%-1.1pp

Net margin27%-2.7pp

FCF margin35.7%+5.0pp

Returns & leverage

See full

Return on equity44.8%+3.0pp

Debt / equity1.2×+0.1×

Current ratio1.3×0.0×

Where this comes from

Reported directly by Paychex in its filing.

Tagged under the XBRL concept us-gaap:EmployeeRelatedLiabilitiesCurrent.

The official record: Paychex’s 10-Q, filed March 26, 2026, on SEC EDGAR. View the filing →

Ask your AI about Paychex's accrued manufacturing costs.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Paychex's accrued manufacturing costs?: Paychex (PAYX) reported accrued manufacturing costs of $176.7M in Q4 2025.
How has Paychex's accrued manufacturing costs changed year-over-year?: Paychex's accrued manufacturing costs increased by 12.0% year-over-year, from $157.8M to $176.7M.
What is the long-term trend for Paychex's accrued manufacturing costs?: Over 4 years (2021 to 2025), Paychex's accrued manufacturing costs has grown at a -3.2% compound annual growth rate (CAGR), from $209.7M to $183.9M.