Paychex Inc. (PAYX)

Index:

Nasdaq 100

$ 138.41
   
  • Change Today:
    $-0.47
  • 52 Week High: $158.97
  • 52 Week Low: $123.49
  • Currency: US Dollars
  • Shares Issued: 360.50m
  • Volume: 1,609,648
  • Market Cap: $49,897m
  • RiskGrade: 95

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-May-25 31-May-24 31-May-23 31-May-22 31-May-21
Continuing Operations          
Revenue 5,571.70 5,278.30 5,007.10 4,611.70 4,056.80
Operating Profit/(Loss) 2,207.70 2,174.10 2,033.10 1,840.00 1,460.70
Profit Before Tax 2,175.90 2,218.00 2,048.20 1,824.60 1,434.20
Profit After Tax 1,657.30 1,690.40 1,557.30 1,392.80 1,097.50
           
Earnings per Share - Basic 460.00¢ 469.00¢ 432.00¢ 386.00¢ 305.00¢
Earnings per Share - Adjusted 460.00¢ 469.00¢ 432.00¢ 386.00¢ 305.00¢
           
Dividend per Share 402.00¢ 365.00¢ 326.00¢ 277.00¢ 252.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-May-25 31-May-24 31-May-23 31-May-22 31-May-21
Assets          
Non-Current Assets          
Property, Plant & Equipment 575.30 458.60 457.80 480.00 498.80
Intangible Assets 4,514.10 1,882.70 2,021.40 2,056.10 2,096.50
Other Non-Current Assets 2,558.20 790.30 600.60 517.50 462.40
  7,647.60 3,131.60 3,079.80 3,053.60 3,057.70
Current Assets          
Inventories n/a n/a n/a n/a n/a
Cash at Bank & in Hand 1,628.60 1,468.90 1,222.00 370.00 995.20
Other Current Assets 7,287.90 5,782.60 6,306.10 6,211.60 5,174.30
  8,916.50 7,251.50 7,528.10 6,581.60 6,169.50
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 16,564.10 10,383.10 10,546.40 9,635.20 9,227.20
Current Liabilities          
Borrowings 418.40 18.70 10.20 8.70 7.40
Other Current Liabilities 6,537.90 5,290.40 5,795.20 5,260.50 1,259.80
           
Current Liabilities 6,956.30 5,309.10 5,805.40 5,269.20 1,267.20
           
Net Current Assets c1,960.20 c1,942.40 c1,722.70 c1,312.40 c4,902.30
           
Borrowings 4,603.90 847.60 855.50 872.50 889.70
Other Non-Current Liabilities 875.90 425.40 392.30 408.30 4,122.30
Non-Current Liabilities 5,479.80 1,273.00 1,247.80 1,280.80 5,012.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 12,436.10 6,582.10 7,053.20 6,550.00 6,279.20
           
Net Assets 4,128.00 3,801.00 3,493.20 3,085.20 2,948.00
           
Shareholders Funds 4,128.00 3,801.00 2,023.10 3,085.20 2,948.00
           
Minority Interests/Other Equity n/a n/a (159.90) n/a n/a
Total Equity 4,128.00 3,801.00 3,493.20 3,085.20 2,948.00
Cash Flow 31-May-25 31-May-24 31-May-23 31-May-22 31-May-21
Net Cash Flow From Operating Activities 1,900.90 1,897.70 1,706.20 1,505.50 1,260.30
Net Cash Flow from Investing Activities (3,356.80) (260.90) 211.70 (1,420.90) (460.60)
Net Cash Flow from Financing Activities 2,293.20 (1,874.70) (711.40) (979.30) (636.40)
Net Increase/Decrease In Cash 837.30 (237.90) 1,206.50 (894.70) 163.30
Ratios - based on IFRS 31-May-25 31-May-24 31-May-23 31-May-22 31-May-21
Continuing Operations          
PE Ratio - Adjusted 34.3 25.6 24.3 32.1 33.2
PEG - Adjusted n/a 2.8 2.0 1.2 n/a
Earnings per Share Growth - Adjusted -2% 9% 12% 27% -0%
Dividend Cover 1.14 1.28 1.33 1.39 1.21
Revenue per Share 1,545.55¢ 1,464.16¢ 1,388.93¢ 1,279.25¢ 11.36¢
Pre-Tax Profit per Share 603.58¢ 615.26¢ 568.15¢ 506.13¢ 4.02¢
Operating Margin 39.62% 41.19% 40.60% 39.90% 36.01%
Return on Capital Employed 46.93% 79.65% 87.62% 95.51% 0.83%
           
Dividend Yield 2.5% 3.0% 3.1% 2.2% 2.5%
Dividend per Share Growth 10.14% 11.96% 17.69% 9.92% 1.61%
Operating Cash Flow per Share 527.29¢ 526.41¢ 473.29¢ 417.61¢ 349.60¢
Cash Incr/Decr per Share 232.26¢ (65.99¢) 334.67¢ (248.18¢) 0.46¢
Net Asset Value per Share (exc. Intangibles) (107.10¢) 532.12¢ 408.27¢ 285.46¢ 236.20¢
Net Gearing 82.21% -15.85% -17.61% 16.57% -3.33%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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