Paychex, Inc. (PAYX) quarterly cash flow statement — complete operating, investing & financing history
Paychex, Inc. (PAYX) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Cash from Operations | 413.5M | 580.9M | 812.5M | 444.9M | 718.4M | 405.4M | 716M | 295M | 546.1M | 221.7M | 671.7M | 311.3M | 655.8M | 409.3M | 604.2M | 355.4M | 364.3M | 337.2M | 612.9M | 169.8M |
| Operating CF Margin % | 25.36% | 36.18% | 44.92% | 28.56% | 46.65% | 28.4% | 47.45% | 22.4% | 41.42% | 17.12% | 46.67% | 24.75% | 51% | 33.29% | 43.75% | 29.86% | 30.2% | 29.47% | 48.03% | 15.32% |
| Operating CF Growth % | -42.44% | 43.29% | 13.48% | 50.81% | 31.55% | 82.86% | 6.6% | -5.24% | -16.73% | -45.83% | 11.17% | -12.41% | 80.02% | 21.38% | -1.42% | 109.31% | -5.52% | -13.47% | 39.33% | -21.28% |
| Net Income | 429.7M | 420.6M | 560.3M | 395.4M | 383.8M | 297.2M | 519.3M | 413.4M | 427.4M | 379.9M | 498.6M | 392.7M | 419.2M | 350.4M | 467.4M | 360.3M | 379.2M | 296.4M | 430.7M | 332.1M |
| Depreciation & Amortization | 109.8M | 113.2M | 111M | 109.1M | 109.3M | 85.7M | 43.1M | 41.7M | 39M | 45.6M | 44.8M | 44.9M | 41.2M | 44.1M | 44.2M | 44.3M | 44M | 49.1M | 48.4M | 48.6M |
| Stock-Based Compensation | 19.3M | 0 | -3.7M | 52.3M | 26.8M | 0 | 17.6M | 16.4M | 16.5M | 16M | 14.4M | 14.7M | 16M | 16.6M | 16.3M | 15.3M | 14.4M | 13.6M | 12.8M | 14M |
| Deferred Taxes | 9.3M | 4.7M | 21.8M | 11.2M | 66M | 300K | -6.6M | 1.5M | -11M | -8.9M | -14.5M | -3.2M | -3.2M | -18.4M | -10.3M | -17.8M | 2.5M | -1M | -2.2M | -6M |
| Other Non-Cash Items | 72.4M | 98.4M | 104.6M | 30M | 66M | 161.2M | 56.4M | -167M | 63.2M | 96.3M | 61.4M | 24.9M | 60.1M | 72.9M | 65.2M | 63.3M | 63.4M | 67.7M | 58.3M | 62M |
| Working Capital Changes | -227M | -56M | 18.5M | -153.1M | 66.5M | -139M | 86.2M | -11M | 11M | -307.2M | 67M | -162.7M | 122.5M | -56.3M | 21.4M | -110M | -139.2M | -88.6M | 64.9M | -280.9M |
| Change in Receivables | -76.4M | -37.8M | -13M | -38.2M | -25M | -10.7M | -30.2M | -32.2M | -36.4M | 116M | -55.5M | 3.8M | 49.1M | -18.9M | -24.1M | -23.9M | -61.2M | -122.8M | 164.3M | -290M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -84.7M | 39.1M | -2.7M | 0 | 0 | 0 | 0 | 0 | -59.8M |
| Change in Payables | -56.7M | 59.4M | 109.7M | -2.6M | 124.9M | -39.9M | 101.1M | -58.9M | 65.6M | -311.2M | 117.6M | -23.9M | 90.5M | 24.3M | 90M | 49.9M | -61.1M | 98.4M | -41.6M | 124.1M |
| Cash from Investing | -335.8M | -227.4M | 1.4M | 376.3M | -1.3B | -3.4B | 21M | -192.7M | -110M | -143.1M | -8.1M | -96.5M | 24M | -143.9M | -699.2M | -195.3M | 1.22B | -252.8M | -716.7M | -429.1M |
| Capital Expenditures | -56.1M | -65.9M | -51M | -62.1M | -55.9M | -66M | -48.7M | -47M | -35.6M | -45.6M | -46M | -40.7M | -38.7M | -46M | -31.1M | -35.3M | -30.6M | -33.3M | -34.7M | -34.2M |
| CapEx % of Revenue | 3.44% | 4.1% | 2.82% | 3.99% | 3.63% | 4.62% | 3.23% | 3.57% | 2.7% | 3.52% | 3.2% | 3.24% | 3.01% | 3.74% | 2.25% | 2.97% | 2.54% | 2.91% | 2.72% | 3.09% |
| Acquisitions | -18.1M | 0 | -100K | -100K | -200K | -3.29B | 0 | 0 | 0 | 0 | 0 | -300K | -208M | 1.6M | -4.3M | 0 | 0 | 0 | 0 | -24M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -70.1M | -98.2M | -25.6M | -22.7M | -62M | -4M | 37.6M | -202.6M | -12.6M | -52M | 3M | -81.6M | -6.5M | 1.2M | 4M | 6.7M | -5.6M | -300K | -3.6M | -6.3M |
| Cash from Financing | -906.6M | -1.79B | 235.3M | -582.4M | -515.4M | 3.33B | -2.7M | -291.4M | -485M | -2.71B | 307.5M | -537.1M | 1.07B | -492.9M | 832.6M | -241.4M | -809.7M | -945.9M | 269.5M | -91.2M |
| Debt Issued (Net) | 0 | -400M | -18.8M | 0 | 0 | 4.13B | 0 | 0 | 0 | 0 | 5.2M | 0 | 3.8M | 0 | 0 | 0 | 2M | 0 | -200K | 1.8M |
| Equity Issued (Net) | -23.6M | -247.7M | -75M | -126.5M | -160.1M | -9.1M | 4.9M | -500K | -104M | 11M | 8.1M | -169.2M | 4M | 1.8M | 2.9M | 0 | -19.2M | -145.2M | 12M | 9.8M |
| Dividends Paid | -424.1M | -424.6M | -388M | -387.9M | -389.1M | -389.3M | -353M | -352.8M | -353.4M | -352.8M | -320.4M | -320.2M | -321.9M | -320.9M | -284.8M | -284.7M | -284.6M | -284.7M | -238.5M | -238.3M |
| Share Repurchases | 0 | -249.4M | -75M | -126.5M | -160.1M | 0 | 0 | -500K | -104M | 0 | 0 | -169.2M | 0 | 0 | 0 | 0 | 0 | -145.2M | 0 | 0 |
| Other Financing | -458.9M | -719M | 717.1M | -68M | 33.8M | -404.1M | 345.4M | 61.9M | -27.6M | -2.37B | 614.6M | -47.7M | 1.38B | -173.8M | 1.11B | 43.3M | -507.9M | -516M | 496.2M | 135.5M |
| Net Change in Cash | -828.9M | -1.44B | 1.05B | 238.8M | -1.1B | 63.6M | 734.3M | -189.1M | -48.9M | -217.9M | 971.1M | -322.3M | 1.75B | -227.5M | 737.6M | -81.3M | 777.7M | -861.5M | 165.7M | -350.5M |
| Free Cash Flow | 357.4M | 515M | 761.5M | 382.8M | 662.5M | 344.9M | 667.3M | 248M | 510.5M | 176.1M | 625.7M | 270.6M | 617.1M | 363.3M | 573.1M | 320.1M | 333.7M | 303.9M | 578.2M | 135.6M |
| FCF Margin % | 21.92% | 32.08% | 42.1% | 24.58% | 43.02% | 24.16% | 44.22% | 18.83% | 38.72% | 13.6% | 43.47% | 21.51% | 47.99% | 29.55% | 41.5% | 26.89% | 27.67% | 26.56% | 45.31% | 12.23% |
| FCF Growth % | -46.05% | 49.32% | 14.12% | 54.35% | 29.77% | 95.85% | 6.65% | -8.35% | -17.27% | -51.53% | 9.18% | -15.46% | 84.93% | 19.55% | -0.88% | 136.06% | -6.05% | -16.05% | 41.85% | -25.41% |
| FCF per Share | 1.00 | 1.44 | 2.11 | 1.06 | 1.83 | 0.95 | 1.84 | 0.69 | 1.41 | 0.49 | 1.73 | 0.75 | 1.70 | 1.00 | 1.58 | 0.88 | 0.92 | 0.84 | 1.59 | 0.37 |
| FCF Conversion (FCF/Net Income) | 0.96x | 1.38x | 1.45x | 1.13x | 1.87x | 1.36x | 1.38x | 0.71x | 1.28x | 0.58x | 1.35x | 0.79x | 1.56x | 1.17x | 1.29x | 0.99x | 0.96x | 1.14x | 1.42x | 0.51x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |