Investing
CapEx
Paychex CapEx decreased by 17.9% to $51.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.7%, from $48.70M to $51.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 12.8% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| 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 | $31.50M | $30.40M | $34.20M | $34.70M | $34.50M | $30.60M | $35.30M | $31.10M | $46.00M | $38.70M | $40.70M | $40.70M | $41.30M | $35.60M | $47.00M | $48.70M | $60.50M | $55.90M | $62.10M | $51.00M |
| QoQ Change | — | -3.5% | +12.5% | +1.5% | -0.6% | -11.3% | +15.4% | -11.9% | +47.9% | -15.9% | +5.2% | +0.0% | +1.5% | -13.8% | +32.0% | +3.6% | +24.2% | -7.6% | +11.1% | -17.9% |
| YoY Change | — | — | — | — | +9.5% | +0.7% | +3.2% | -10.4% | +33.3% | +26.5% | +15.3% | +30.9% | -10.2% | -8.0% | +15.5% | +19.7% | +46.5% | +57.0% | +32.1% | +4.7% |
Range$30.40M – $62.10M
CAGR+10.7%
Avg YoY Growth+16.6%
Median YoY Growth+15.4%
CapEx at Other Companies
Frequently Asked Questions
- What is Paychex's capex?
- Paychex (PAYX) reported capex of $51.00M in Q4 2025.
- How has Paychex's capex changed year-over-year?
- Paychex's capex increased by 4.7% year-over-year, from $48.70M to $51.00M.
- What is the long-term trend for Paychex's capex?
- Over 4 years (2021 to 2025), Paychex's capex has grown at a 12.8% compound annual growth rate (CAGR), from $118.40M to $191.80M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.