What is Paychex's software and technology licenses, net?

Paychex (PAYX) reported software and technology licenses, net of $139.6M in Q4 2025.

How has Paychex's software and technology licenses, net changed year-over-year?

Paychex's software and technology licenses, net increased by 16.8% year-over-year, from $119.5M to $139.6M.

What is the long-term trend for Paychex's software and technology licenses, net?

Over 4 years (2021 to 2025), Paychex's software and technology licenses, net has grown at a 39.2% compound annual growth rate (CAGR), from $34.2M to $128.5M.

Paychex PAYX Software and Technology Licenses, Net

Software and Technology Licenses, Net at other companies

Automatic Data Processing, Inc.ADP

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Asure SoftwareASUR

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Barrett Business ServicesBBSI

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Trinet GroupTNET

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InsperityNSP

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Workday, Inc.WDAY

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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-0.8%

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$34.97B-25.6%

Enterprise value$38.49B-23.2%

P/E19.9×-8.5×

P/S5.4×-3.1×

Profitability

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Gross margin73.9%+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

Reported directly by Paychex in its filing.

Tagged under the XBRL concept us-gaap:OtherAssetsNoncurrent.

The official record: Paychex’s 10-Q, filed March 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Paychex's software and technology licenses, net?: Paychex (PAYX) reported software and technology licenses, net of $139.6M in Q4 2025.
How has Paychex's software and technology licenses, net changed year-over-year?: Paychex's software and technology licenses, net increased by 16.8% year-over-year, from $119.5M to $139.6M.
What is the long-term trend for Paychex's software and technology licenses, net?: Over 4 years (2021 to 2025), Paychex's software and technology licenses, net has grown at a 39.2% compound annual growth rate (CAGR), from $34.2M to $128.5M.