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Paychex PAYX Debt-to-equity

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0.4×+0.3×
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0.1×0.0×
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11.4×-3.6×
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6.4×+2.8×
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Workday, Inc.WDAY
0.6×+0.2×

Other financials

Income statement

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Revenue$1.6B+12.5%
Gross profit$1.2B+15.0%
Operating income$604.7M+40.3%
Net income$420.6M+41.5%
EPS (diluted)$1.18+43.9%

Balance sheet

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Cash & equivalents$1.1B-33.2%
Total debt$4.6B-0.3%
Total equity$3.7B-9.5%
Total assets$16.2B-2.4%

Cash flow

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Operating cash flow$580.9M+69.0%
CapEx$65.9M+8.9%
Free cash flow$515.0M+81.8%

Valuation

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Market cap$41.56B-17.3%
Enterprise value$45.1B-15.3%
P/E23.6×-6.7×
P/S6.4×-2.6×

Profitability

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Gross margin74.3%+1.9pp
Operating margin38.6%-1.1pp
Net margin27%-2.7pp
FCF margin35.7%+5.0pp

Returns & leverage

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Return on equity44.8%+3.0pp
Current ratio1.3×0.0×

Where this comes from

Calculated from Paychex’s reported figures.

Based on the most recent quarter.

The source filing: Paychex’s 10-K, filed July 17, 2026. Open the filing →

Filed
Jul 17, 2026, 4:05 PM EDT
Fiscal year
FY2026
Accession
0001193125-26-307785

FAQ

What is Paychex's debt-to-equity?
Paychex (PAYX) reported debt-to-equity of 1.2× in Q1 2026.
How has Paychex's debt-to-equity changed year-over-year?
Paychex's debt-to-equity increased by 10.2% year-over-year, from 1.1× to 1.2×.
What is the long-term trend for Paychex's debt-to-equity?
Over 5 years (2021 to 2026), Paychex's debt-to-equity has grown at a 31.6% compound annual growth rate (CAGR), from 0.3× to 1.2×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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