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Paychex (PAYX)

(Delayed Data from NSDQ)

$119.97 USD

119.97
2,400,530

-2.00 (-1.64%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $119.98 +0.01 (0.01%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value C Growth C Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 38% (156 out of 252)

Industry: Outsourcing

Better trading starts here.

Balance Sheet

Research for PAYX

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Paychex, Inc falls in the month of May.

All items in Millions except Per Share data.

5/31/2023 5/31/2022 5/31/2021 5/31/2020 5/31/2019
Assets          
Cash & Equivalents 1,645 1,274 1,083 982 763
Receivables 1,426 1,318 1,054 790 854
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 4,457 3,989 4,033 3,692 4,060
Total Current Assets 7,528 6,582 6,170 5,465 5,678
Net Property & Equipment 396 401 396 407 409
Investments & Advances 4 5 7 10 10
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 470 433 384 373 366
Intangibles 2,021 2,056 2,097 2,122 2,182
Deposits & Other Assets 65 79 71 60 31
Total Assets 10,546 9,635 9,227 8,551 8,676
Liabilities & Shareholders Equity 5/31/2023 5/31/2022 5/31/2021 5/31/2020 5/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 85 106 89 79 76
Current Portion Long-Term Debt 10 9 7 5 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 974 909 796 644 725
Income Taxes Payable 0 0 0 51 0
Other Current Liabilities 4,737 4,246 4,046 3,648 4,044
Total Current Liabilities 5,805 5,269 4,938 4,427 4,845
Mortgages 0 0 0 0 0
Deferred Taxes/Income 112 166 218 241 223
Convertible Debt 0 0 0 0 0
Long-Term Debt 798 798 797 797 796
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 280 243 233 208 192
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 7,053 6,550 6,279 5,769 6,057
Shareholders Equity 5/31/2023 5/31/2022 5/31/2021 5/31/2020 5/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 4 4 4 4 4
Capital Surplus 1,626 1,546 1,447 1,290 1,206
Retained Earnings 2,023 1,670 1,446 1,431 1,410
Other Equity -160 -134 52 57 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 3,493 3,085 2,948 2,781 2,620
Total Liabilities & Shareholder's Equity 10,546 9,635 9,227 8,551 8,676
Total Common Equity 3,493 3,085 2,948 2,781 2,620
Shares Outstanding 360.50 361.00 360.30 358.70 359.00
Book Value Per Share 9.69 8.55 8.18 7.75 7.30

Fiscal Year End for Paychex, Inc falls in the month of May.

All items in Millions except Per Share data.

2/29/2024 11/30/2023 8/31/2023 5/31/2023 2/28/2023
Assets          
Cash & Equivalents 1,771 1,445 1,741 1,645 1,614
Receivables 1,702 1,651 1,575 1,426 1,415
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 6,413 5,828 5,773 4,457 4,567
Total Current Assets 9,886 8,924 9,089 7,528 7,595
Net Property & Equipment 419 418 405 396 385
Investments & Advances 2 2 2 4 4
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 476 475 473 470 457
Intangibles 2,087 2,083 2,079 2,021 2,030
Deposits & Other Assets 95 92 92 65 65
Total Assets 13,024 12,052 12,200 10,546 10,604
Liabilities & Shareholders Equity 2/29/2024 11/30/2023 8/31/2023 5/31/2023 2/28/2023
Notes Payable 0 0 0 0 0
Accounts Payable 94 92 95 85 123
Current Portion Long-Term Debt 19 14 14 10 10
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 1,077 970 887 974 943
Income Taxes Payable 0 0 61 0 0
Other Current Liabilities 6,811 6,178 6,287 4,737 4,883
Total Current Liabilities 8,001 7,254 7,344 5,805 5,958
Mortgages 0 0 0 0 0
Deferred Taxes/Income 95 103 101 112 117
Convertible Debt 0 0 0 0 0
Long-Term Debt 799 798 798 798 798
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 331 314 280 267
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 9,277 8,528 8,612 7,053 7,203
Shareholders Equity 2/29/2024 11/30/2023 8/31/2023 5/31/2023 2/28/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 4 4 4 4 4
Capital Surplus 1,703 1,679 1,666 1,626 1,608
Retained Earnings 2,186 2,009 2,101 2,023 1,994
Other Equity -145 -167 -183 -160 -204
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 3,747 3,524 3,588 3,493 3,401
Total Liabilities & Shareholder's Equity 13,024 12,052 12,200 10,546 10,604
Total Common Equity 3,747 3,524 3,588 3,493 3,401
Shares Outstanding 359.90 359.80 361.20 360.50 360.50
Book Value Per Share 10.41 9.80 9.93 9.69 9.43