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Paychex PAYX Shares (Diluted)

Discontinued — last reported Q3 '26

Shares (Diluted) at other companies

Automatic Data Processing, Inc. logo
Automatic Data Processing, Inc.ADP
402.5M-1.5%
Equifax logo
EquifaxEFX
120.8M-3.4%
ROP
Roper Technologies, Inc.ROP
104.6M-3.3%
Corpay logo
CorpayCPAY
68.4M-4.4%
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
920M-7.9%
Aon plc logo
Aon plcAON
215.4M-1.1%

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

Returns & leverage

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

Where this comes from

Reported directly by Paychex in its filing.

Tagged under the XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding.

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 shares (diluted)?
Paychex (PAYX) reported shares (diluted) of 359.5M in Q4 2025.
How has Paychex's shares (diluted) changed year-over-year?
Paychex's shares (diluted) decreased by 0.7% year-over-year, from 362M to 359.5M.
What is the long-term trend for Paychex's shares (diluted)?
Over 4 years (2021 to 2025), Paychex's shares (diluted) has grown at a -0.0% compound annual growth rate (CAGR), from 1.4B to 1.4B.
What does shares (diluted) mean?
The average number of shares that would exist if all potential stock options and convertible securities were converted into common stock.
How do you interpret shares (diluted)?
An increase reflects the potential for future dilution, often resulting from employee equity compensation plans, which can impact future earnings per share.
How does shares (diluted) compare across companies?
Standardized metric; high-growth technology and service companies often have higher dilution potential due to competitive equity-based compensation packages.