What is Paychex's deferred revenue?

Paychex (PAYX) reported deferred revenue of $69.4M in Q1 2026.

How has Paychex's deferred revenue changed year-over-year?

Paychex's deferred revenue decreased by 0.0% year-over-year, from $69.4M to $69.4M.

What is the long-term trend for Paychex's deferred revenue?

Over 5 years (2021 to 2026), Paychex's deferred revenue has grown at a 12.9% compound annual growth rate (CAGR), from $37.9M to $69.4M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Paychex PAYX Deferred Revenue

Deferred Revenue at other companies

Automatic Data Processing, Inc.ADP

$269.1M+11.5%

Trinet GroupTNET

$49M0.0%

InsperityNSP

$181M+5.8%

Workday, Inc.WDAY

$4.33B+13.5%

Paycom SoftwarePAYC

$121.7M+2.7%

PaylocityPCTY

$38.97M+3.7%

Other financials

Income statement

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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

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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

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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$34.97B-31.2%

Enterprise value$38.49B-28.5%

P/E19.9×-10.8×

P/S5.4×-3.8×

Profitability

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Gross margin73.9%+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

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:ContractWithCustomerLiabilityCurrent.

The official record: Paychex’s 8-K, filed June 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Paychex's deferred revenue?: Paychex (PAYX) reported deferred revenue of $69.4M in Q1 2026.
How has Paychex's deferred revenue changed year-over-year?: Paychex's deferred revenue decreased by 0.0% year-over-year, from $69.4M to $69.4M.
What is the long-term trend for Paychex's deferred revenue?: Over 5 years (2021 to 2026), Paychex's deferred revenue has grown at a 12.9% compound annual growth rate (CAGR), from $37.9M to $69.4M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.