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Paychex PAYX Income taxes receivable

Income taxes receivable at other companies

Barrett Business ServicesBBSI

$2.97M+11.4%

InsperityNSP

$30M+275%

Paycom SoftwarePAYC

$20.6M—

TrueblueTBI

$869K-88.7%

IntuitINTU

$52M+478%

Other financials

Income statement

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

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

Operating cash flow$580.9M+69.0%

CapEx$65.9M+8.9%

Free cash flow$515.0M+81.8%

Valuation

Market cap$34.97B-25.6%

Enterprise value$38.49B-23.2%

P/E19.9×-8.5×

P/S5.4×-3.1×

Profitability

Gross margin73.9%+1.9pp

Operating margin38.6%-1.1pp

Net margin27%-2.7pp

FCF margin35.7%+5.0pp

Returns & leverage

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:PrepaidTaxes.

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 taxes receivable?: Paychex (PAYX) reported income taxes receivable of $11.2M in Q1 2026.
How has Paychex's income taxes receivable changed year-over-year?: Paychex's income taxes receivable decreased by 71.2% year-over-year, from $38.9M to $11.2M.
What is the long-term trend for Paychex's income taxes receivable?: Over 5 years (2021 to 2026), Paychex's income taxes receivable has grown at a -19.7% compound annual growth rate (CAGR), from $33.5M to $11.2M.
What does income taxes receivable mean?: Income tax refunds or overpayments expected from tax authorities, including estimated tax prepayments in excess of actual liability.