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Paychex PAYX Net debt / EBITDA

Net debt / EBITDA at other companies

Automatic Data Processing, Inc. logo
Automatic Data Processing, Inc.ADP
0.2×+0.1×
Asure Software logo
Asure SoftwareASUR
-3.2×-1.4×
Barrett Business Services logo
Barrett Business ServicesBBSI
-0.2×+0.1×
Trinet Group logo
Trinet GroupTNET
-1.5×
Insperity logo
InsperityNSP
14×
Workday, Inc. logo
Workday, Inc.WDAY
-0.5×

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
Debt / equity1.2×+0.1×
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 net debt / EBITDA?
Paychex (PAYX) reported net debt / EBITDA of 1.2× in Q1 2026.
How has Paychex's net debt / EBITDA changed year-over-year?
Paychex's net debt / EBITDA decreased by 3.9% year-over-year, from 1.2× to 1.2×.
What is the long-term trend for Paychex's net debt / EBITDA?
Over 5 years (2021 to 2026), Paychex's net debt / EBITDA has grown at a 17.2% compound annual growth rate (CAGR), from -0.5× to 1.2×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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