Skip to content

Paychex PAYX Debt-to-equity

Debt-to-equity at other companies

Automatic Data Processing, Inc. logo
Automatic Data Processing, Inc.ADP
0.7×+0.1×
Equifax logo
EquifaxEFX
1.2×+0.2×
ROP
Roper Technologies, Inc.ROP
0.6×+0.2×
Global Payments logo
Global PaymentsGPN
0.9×+0.2×
Corpay logo
CorpayCPAY
+0.6×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
0.5×-0.1×

Other financials

Income statement

See full
Revenue$1.8B+19.9%
Gross profit$1.4B+22.8%
Operating income$792.0M+14.5%
Net income$560.3M+7.9%
EPS (diluted)$1.56+9.1%

Balance sheet

See full
Cash & equivalents$1.7B+11.4%
Total debt$4.6B+434%
Total equity$4.0B-2.5%
Total assets$17.5B+56.1%

Cash flow

See full
Operating cash flow$812.5M+13.5%
CapEx$51.0M+4.7%
Free cash flow$761.5M+14.1%

Valuation

See full
Market cap$34.96B-38.4%
Enterprise value$37.83B-32.3%
P/E21.4×-11.3×
P/S5.5×-4.9×

Profitability

See full
Gross margin73.9%+1.9pp
Operating margin36.9%-4.6pp
Net margin25.8%-6.1pp

Returns & leverage

See full
Return on equity40.3%-4.0pp
Current ratio1.3×-0.1×

Where this comes from

Calculated from Paychex’s reported figures.

Based on the most recent quarter.

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

Ask your AI about Paychex's debt-to-equity.

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

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Paychex's debt-to-equity?
Paychex (PAYX) reported debt-to-equity of 1.1× in Q4 2025.
How has Paychex's debt-to-equity changed year-over-year?
Paychex's debt-to-equity increased by 447.9% year-over-year, from 0.2× to 1.1×.
What is the long-term trend for Paychex's debt-to-equity?
Over 4 years (2021 to 2025), Paychex's debt-to-equity has grown at a 9.3% compound annual growth rate (CAGR), from 1.2× to 1.8×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.