Paychex Client Fund Obligations increased by 14.7% to $5.60B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 31.8%, from $4.25B to $5.60B. Over 4 years (FY 2021 to FY 2025), Client Fund Obligations shows an upward trend with a 7.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Growth in this liability generally correlates with an increase in the volume of payroll services processed for clients.
This represents the liability for funds collected from clients for payroll taxes and other obligations that are held by...
Standard for payroll processors and PEOs.
non_current_liabilities_client_fund_obligations| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.67B | $3.70B | $3.84B | $4.34B | $3.82B | $3.31B | $3.35B | $4.47B | $4.29B | $5.68B | $5.63B | $6.24B | $3.87B | $3.84B | $3.90B | $4.25B | $4.87B | $4.95B | $4.88B | $5.60B |
| QoQ Change | — | +0.9% | +3.7% | +12.9% | -11.9% | -13.3% | +1.2% | +33.4% | -3.9% | +32.2% | -0.9% | +10.9% | -38.0% | -0.6% | +1.3% | +9.2% | +14.5% | +1.7% | -1.3% | +14.7% |
| YoY Change | — | — | — | — | +4.0% | -10.6% | -12.7% | +3.1% | +12.4% | +71.5% | +67.9% | +39.7% | -9.9% | -32.3% | -30.8% | -31.9% | +25.8% | +28.7% | +25.4% | +31.8% |