PAYXPaychex

Industrials · Professional Services · Nasdaq

Unless we state otherwise or the context otherwise requires, the terms “Paychex,” the “Company,” “we,” “our,” and “us” refer to Paychex, Inc., a Delaware corporation, and its consolidated subsidiaries. 10-K, Item 1

Employees: 17,600
Headquarters: Rochester, NY
CEO: John B. Gibson
Next results: around Dec 18, 2026

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RevenueFY2017–26 $6.5B+16.9% Highest in 10 years 10-K FY2026 · XBRL Net incomeFY2017–26 $1.8B+6.2% Highest in 10 years 10-K FY2026 · XBRL Free cash flowFY2017–26 $2.3B+35.8% Highest in 10 years 10-K FY2026 · XBRL Operating marginFY2017–26 38.6%−1.1 pts 39.8% in FY2017 10-K FY2026 · XBRL

What changed

10-K filed Jul 17, 2026 against Jul 11, 2025

Area	What changed	Source
Risk factors	5 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	10 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	1 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Jul 17, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-07-11. Quoted as filed.

Our use of AI technology and the incorporation of AI technology into our solutions carries risks and challenges that could adversely affect our business, financial condition, results of operations, and prospects. We have and are increasingly incorporating AI capabilities into many of our solutions, enabled by WISE, and internal…
10-K, Item 1A

All 5 new paragraphs →

Accounting checks

latest 10-K

10 of 10 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +13.3% vs revenue +16.9% (-3.6 pts)
✓
Cash from operations $2.6B vs net income $1.8B (FY ending 2026-05-31)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No longer listed: Acquisition of Paycor HCM, Inc. - Valuation of Customer Relationships. Same as last year: Professional Employer Organization (PEO) Workers’ Compensation Insurance Reserves
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 16, 20268-K Shareholder vote results 8-K item 5.07

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Work on PAYX in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/PAYX/export.csv") into a cell.