What is Paychex's income tax?

Paychex (PAYX) reported income tax of $133.6M in Q1 2026.

How has Paychex's income tax changed year-over-year?

Paychex's income tax increased by 45.1% year-over-year, from $92.1M to $133.6M.

What is the long-term trend for Paychex's income tax?

Over 5 years (2021 to 2026), Paychex's income tax has grown at a 10.3% compound annual growth rate (CAGR), from $336.7M to $550.8M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Paychex PAYX Income Tax

Discontinued — last reported Q4 '26

Income Tax at other companies

Automatic Data Processing, Inc.ADP

$422M+13.3%

Workday, Inc.WDAY

$133M+280%

Paycom SoftwarePAYC

$59.5M+16.9%

PaylocityPCTY

$45.79M+30.5%

EquifaxEFX

$62.5M+21.1%

Global PaymentsGPN

-$11.84M-127%

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+434%

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$761.5M+14.1%

Valuation

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Market cap$35.2B-38.4%

Enterprise value$38.72B-32.3%

P/E20×-10.6×

P/S5.4×-4.8×

Profitability

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Gross margin73.9%+1.9pp

Operating margin36.9%-4.6pp

Net margin25.8%-6.1pp

FCF margin33%+3.5pp

Returns & leverage

See full

Return on equity40.3%-4.0pp

Debt / equity1.1×+0.9×

Current ratio1.3×-0.1×

Where this comes from

Reported directly by Paychex in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

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 income tax?: Paychex (PAYX) reported income tax of $133.6M in Q1 2026.
How has Paychex's income tax changed year-over-year?: Paychex's income tax increased by 45.1% year-over-year, from $92.1M to $133.6M.
What is the long-term trend for Paychex's income tax?: Over 5 years (2021 to 2026), Paychex's income tax has grown at a 10.3% compound annual growth rate (CAGR), from $336.7M to $550.8M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.