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Paychex PAYX Payments to Acquire Other Productive Assets

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$35.2B-38.4%
Enterprise value$38.07B-32.3%
P/E21.5×-11.4×
P/S5.6×-5.0×

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

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Return on equity40.3%-4.0pp
Debt / equity1.1×+0.9×
Current ratio1.3×-0.1×

Questions, answered.

What does payments to acquire other productive assets mean?
This metric tracks cash outflows for the acquisition of productive assets that do not fall under traditional property, plant, and equipment or standard business acquisitions. These often include intangible assets, specialized software licenses, or long-term rights that support core business operations. It highlights investment in non-physical competitive advantages.