87/100B117.030
USD
-2.47
(-2.07%)
Pre Open
Fair value141.10Plus-17%117Price 117.03195
Q2 FY2027 · Earnings report
EPS estimate 1.30Revenue estimate 1.62B
Q2 FY2027 · Earnings report
EPS estimate 1.30Revenue estimate 1.62B
Paychex total debt 1986–2027What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Paychex's total debt was 4.62B USD on 31 August 2026, down 8.0% on a year before. At the end of fiscal year 2026 it was 4.63B USD.
Last updated 8 Nov 2026 · Next report 18 Dec 2026
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 31 Aug 2026 | 4.62B | -7.98% | 934.20M | -3.69B | 1.25 |
| FY2026 | 31 May 2026 | 4.63B | -7.81% | 1.18B | -3.45B | 1.24 |
| FY2025 | 31 May 2025 | 5.02B | +479.74% | 1.66B | -3.36B | 1.22 |
| FY2024 | 31 May 2024 | 866.30M | +0.07% | 1.50B | 636.50M | 0.23 |
| FY2023 | 31 May 2023 | 865.70M | -1.76% | 1.60B | 729.70M | 0.25 |
| FY2022 | 31 May 2022 | 881.20M | -4.84% | 1.22B | 342.70M | 0.29 |
| FY2021 | 31 May 2021 | 926.00M | +3.03% | 1.03B | 105.90M | 0.31 |
| FY2020 | 31 May 2020 | 898.80M | +11.05% | 932.40M | 33.60M | 0.32 |
| FY2019 | 31 May 2019 | 809.40M | — | 712.60M | -96.80M | 0.31 |
| FY2018 | 31 May 2018 | 0.00 | — | 424.20M | 424.20M | 0.00 |
| FY2017 | 31 May 2017 | 0.00 | — | 323.40M | 323.40M | 0.00 |
| FY2016 | 31 May 2016 | 0.00 | — | 352.10M | 352.10M | 0.00 |
| FY2015 | 31 May 2015 | 0.00 | — | 536.60M | 536.60M | 0.00 |
| FY2014 | 31 May 2014 | 0.00 | — | 551.20M | 551.20M | 0.00 |
| FY2013 | 31 May 2013 | 0.00 | — | 505.50M | 505.50M | 0.00 |
| FY2012 | 31 May 2012 | 0.00 | — | 316.30M | 316.30M | 0.00 |
| FY2011 | 31 May 2011 | 0.00 | — | 464.00M | 464.00M | 0.00 |
| FY2010 | 31 May 2010 | 0.00 | — | 366.81M | 366.81M | 0.00 |
| FY2009 | 31 May 2009 | 0.00 | — | 492.48M | 492.48M | 0.00 |
| FY2008 | 31 May 2008 | 0.00 | — | 392.96M | 392.96M | 0.00 |
| FY2007 | 31 May 2007 | 0.00 | — | 591.13M | 591.13M | 0.00 |
| FY2006 | 31 May 2006 | 0.00 | — | 577.43M | 577.43M | 0.00 |
| FY2005 | 31 May 2005 | 0.00 | — | 707.61M | 707.61M | 0.00 |
| FY2004 | 31 May 2004 | 0.00 | — | 523.84M | 523.84M | 0.00 |
| FY2003 | 31 May 2003 | 0.00 | — | 381.20M | 381.20M | 0.00 |
| FY2002 | 31 May 2002 | 0.00 | — | 61.90M | 61.90M | 0.00 |
| FY2001 | 31 May 2001 | 0.00 | — | 45.78M | 45.78M | 0.00 |
| FY2000 | 31 May 2000 | 0.00 | — | 47.14M | 47.14M | 0.00 |
| FY1999 | 31 May 1999 | 0.00 | — | 52.70M | 52.70M | 0.00 |
| FY1998 | 31 May 1998 | 0.00 | — | 35.60M | 35.60M | 0.00 |
| FY1997 | 31 May 1997 | 0.00 | — | 50.20M | 50.20M | 0.00 |
| FY1996 | 31 May 1996 | 0.00 | -100.00% | 15.40M | 15.40M | 0.00 |
| FY1995 | 31 May 1995 | 700.00K | -22.22% | 12.90M | 12.20M | 0.01 |
| FY1994 | 31 May 1994 | 900.00K | -43.75% | 14.60M | 13.70M | 0.01 |
| FY1993 | 31 May 1993 | 1.60M | -20.00% | 5.00M | 3.40M | 0.02 |
| FY1992 | 31 May 1992 | 2.00M | -16.67% | 5.20M | 3.20M | 0.03 |
| FY1991 | 31 May 1991 | 2.40M | +9.09% | 500.00K | -1.90M | 0.04 |
| FY1990 | 31 May 1990 | 2.20M | -18.52% | 500.00K | -1.70M | 0.05 |
| FY1989 | 31 May 1989 | 2.70M | -20.59% | 1.90M | -800.00K | 0.07 |
| FY1988 | 31 May 1988 | 3.40M | +30.77% | 2.50M | -900.00K | 0.11 |
| FY1987 | 31 May 1987 | 2.60M | -7.14% | 1.20M | -1.40M | 0.11 |
| FY1986 | 31 May 1986 | 2.80M | — | 200.00K | -2.60M | 0.15 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q1 FY2027 | 31 Aug 2026 | 4.62B | -7.98% | 934.20M | -3.69B | 1.25 |
| Q4 FY2026 | 31 May 2026 | 4.63B | -7.81% | 1.18B | -3.45B | 1.24 |
| Q3 FY2026 | 28 Feb 2026 | 5.01B | +480.46% | 1.83B | -3.18B | 1.25 |
| Q2 FY2026 | 30 Nov 2025 | 5.04B | +483.79% | 1.57B | -3.46B | 1.30 |
| Q1 FY2026 | 31 Aug 2025 | 5.02B | +479.19% | 1.67B | -3.35B | 1.26 |
| Q4 FY2025 | 31 May 2025 | 5.02B | +479.74% | 1.66B | -3.36B | 1.22 |
| Q3 FY2025 | 28 Feb 2025 | 863.70M | -0.59% | 1.60B | 737.30M | 0.21 |
| Q2 FY2025 | 30 Nov 2024 | 862.80M | -0.31% | 1.24B | 377.30M | 0.22 |
| Q1 FY2025 | 31 Aug 2024 | 867.00M | -0.01% | 1.50B | 631.00M | 0.23 |
| Q4 FY2024 | 31 May 2024 | 866.30M | +0.07% | 1.50B | 636.50M | 0.23 |
| Q3 FY2024 | 29 Feb 2024 | 868.80M | -0.28% | 1.73B | 861.40M | 0.23 |
| Q2 FY2024 | 30 Nov 2023 | 865.50M | -1.06% | 1.40B | 532.00M | 0.25 |
| Q1 FY2024 | 31 Aug 2023 | 867.10M | -1.37% | 1.69B | 824.50M | 0.24 |
| Q4 FY2023 | 31 May 2023 | 865.70M | -1.76% | 1.60B | 729.70M | 0.25 |
| Q3 FY2023 | 28 Feb 2023 | 871.20M | -1.63% | 1.56B | 685.80M | 0.26 |
| Q2 FY2023 | 30 Nov 2022 | 874.80M | -2.05% | 1.26B | 387.30M | 0.27 |
| Q1 FY2023 | 31 Aug 2022 | 879.10M | -2.01% | 1.23B | 350.90M | 0.28 |
| Q4 FY2022 | 31 May 2022 | 881.20M | -1.77% | 1.22B | 342.70M | 0.29 |
| Q3 FY2022 | 28 Feb 2022 | 885.60M | -1.26% | 1.35B | 467.90M | 0.27 |
| Q2 FY2022 | 30 Nov 2021 | 893.10M | -0.33% | 1.01B | 119.10M | 0.29 |
| Q1 FY2022 | 31 Aug 2021 | 897.10M | -0.11% | 1.14B | 244.50M | 0.29 |
| Q4 FY2021 | 31 May 2021 | 897.10M | -0.19% | 1.03B | 134.80M | 0.30 |
| Q3 FY2021 | 28 Feb 2021 | 896.90M | -5.89% | 990.70M | 93.80M | 0.30 |
| Q2 FY2021 | 30 Nov 2020 | 896.10M | -5.47% | 868.40M | -27.70M | 0.31 |
| Q1 FY2021 | 31 Aug 2020 | 898.10M | -5.14% | 866.30M | -31.80M | 0.32 |
| Q4 FY2020 | 31 May 2020 | 898.80M | +11.05% | 932.40M | 33.60M | 0.32 |
| Q3 FY2020 | 29 Feb 2020 | 953.00M | +11.64% | 853.80M | -99.20M | 0.35 |
| Q2 FY2020 | 30 Nov 2019 | 948.00M | +1,554.45% | 635.00M | -313.00M | 0.37 |
| Q1 FY2020 | 31 Aug 2019 | 946.80M | +1,569.84% | 627.30M | -319.50M | 0.38 |
| Q4 FY2019 | 31 May 2019 | 809.40M | — | 712.60M | -96.80M | 0.31 |
| Q3 FY2019 | 28 Feb 2019 | 853.60M | +1,379.38% | 732.00M | -121.60M | 0.33 |
| Q2 FY2019 | 30 Nov 2018 | 57.30M | -57.05% | 759.00M | 701.70M | 0.02 |
| Q1 FY2019 | 31 Aug 2018 | 56.70M | -0.87% | 523.00M | 466.30M | 0.02 |
| Q4 FY2018 | 31 May 2018 | 0.00 | — | 424.20M | 424.20M | 0.00 |
| Q3 FY2018 | 28 Feb 2018 | 57.70M | +4.15% | 421.20M | 363.50M | 0.03 |
| Q2 FY2018 | 30 Nov 2017 | 133.40M | +29.39% | 338.60M | 205.20M | 0.07 |
| Q1 FY2018 | 31 Aug 2017 | 57.20M | +11.50% | 368.20M | 311.00M | 0.03 |
| Q4 FY2017 | 31 May 2017 | 0.00 | — | 323.40M | 323.40M | 0.00 |
| Q3 FY2017 | 28 Feb 2017 | 55.40M | — | 403.90M | 348.50M | 0.03 |
| Q2 FY2017 | 30 Nov 2016 | 103.10M | — | 293.00M | 189.90M | 0.06 |
| Q1 FY2017 | 31 Aug 2016 | 51.30M | — | 497.70M | 446.40M | 0.03 |
| Q4 FY2016 | 31 May 2016 | 0.00 | — | 352.10M | 352.10M | 0.00 |
| Q3 FY2016 | 29 Feb 2016 | 0.00 | — | 327.20M | 327.20M | 0.00 |
| Q2 FY2016 | 30 Nov 2015 | 0.00 | — | 476.40M | 476.40M | 0.00 |
| Q1 FY2016 | 31 Aug 2015 | 0.00 | — | 537.70M | 537.70M | 0.00 |
| Q4 FY2015 | 31 May 2015 | 0.00 | — | 536.60M | 536.60M | 0.00 |
| Q3 FY2015 | 28 Feb 2015 | 0.00 | — | 620.80M | 620.80M | 0.00 |
| Q2 FY2015 | 30 Nov 2014 | 0.00 | — | 529.00M | 529.00M | 0.00 |
| Q1 FY2015 | 31 Aug 2014 | 0.00 | — | 559.30M | 559.30M | 0.00 |
| Q4 FY2014 | 31 May 2014 | 0.00 | — | 551.20M | 551.20M | 0.00 |
| Q3 FY2014 | 28 Feb 2014 | 0.00 | — | 585.70M | 585.70M | 0.00 |
| Q2 FY2014 | 30 Nov 2013 | 0.00 | — | 463.40M | 463.40M | 0.00 |
| Q1 FY2014 | 31 Aug 2013 | 0.00 | — | 559.20M | 559.20M | 0.00 |
| Q4 FY2013 | 31 May 2013 | 0.00 | — | 505.50M | 505.50M | 0.00 |
| Q3 FY2013 | 28 Feb 2013 | 0.00 | — | 570.60M | 570.60M | 0.00 |
| Q2 FY2013 | 30 Nov 2012 | 0.00 | — | 301.20M | 301.20M | 0.00 |
| Q1 FY2013 | 31 Aug 2012 | 0.00 | — | 390.90M | 390.90M | 0.00 |
| Q4 FY2012 | 31 May 2012 | 0.00 | — | 316.30M | 316.30M | 0.00 |
| Q3 FY2012 | 29 Feb 2012 | 0.00 | — | 503.30M | 503.30M | 0.00 |
| Q2 FY2012 | 30 Nov 2011 | 0.00 | — | 411.10M | 411.10M | 0.00 |
| Q1 FY2012 | 31 Aug 2011 | 0.00 | — | 485.10M | 485.10M | 0.00 |
| Q4 FY2011 | 31 May 2011 | 0.00 | — | 464.00M | 464.00M | 0.00 |
| Q3 FY2011 | 28 Feb 2011 | 0.00 | — | 469.70M | 469.70M | 0.00 |
| Q2 FY2011 | 30 Nov 2010 | 0.00 | — | 3.72B | 3.72B | 0.00 |
| Q1 FY2011 | 31 Aug 2010 | 0.00 | — | 3.74B | 3.74B | 0.00 |
| Q4 FY2010 | 31 May 2010 | 0.00 | — | 366.81M | 366.81M | 0.00 |
| Q3 FY2010 | 28 Feb 2010 | 0.00 | — | 395.03M | 395.03M | 0.00 |
| Q2 FY2010 | 30 Nov 2009 | 0.00 | — | 287.32M | 287.32M | 0.00 |
| Q1 FY2010 | 31 Aug 2009 | 0.00 | — | 329.18M | 329.18M | 0.00 |
| Q4 FY2009 | 31 May 2009 | 0.00 | — | 492.48M | 492.48M | 0.00 |
| Q3 FY2009 | 28 Feb 2009 | 0.00 | — | 489.57M | 489.57M | 0.00 |
| Q2 FY2009 | 30 Nov 2008 | 0.00 | — | 401.68M | 401.68M | 0.00 |
| Q1 FY2009 | 31 Aug 2008 | 0.00 | — | 464.14M | 464.14M | 0.00 |
| Q4 FY2008 | 31 May 2008 | 0.00 | — | 392.96M | 392.96M | 0.00 |
| Q3 FY2008 | 29 Feb 2008 | 0.00 | — | 408.00M | 408.00M | 0.00 |
| Q2 FY2008 | 30 Nov 2007 | 0.00 | — | 466.95M | 466.95M | 0.00 |
| Q1 FY2008 | 31 Aug 2007 | 0.00 | — | 449.25M | 449.25M | 0.00 |
| Q4 FY2007 | 31 May 2007 | 0.00 | — | 591.13M | 591.13M | 0.00 |
| Q3 FY2007 | 28 Feb 2007 | 0.00 | — | 647.81M | 647.81M | 0.00 |
| Q2 FY2007 | 30 Nov 2006 | 0.00 | — | 4.29B | 4.29B | 0.00 |
| Q1 FY2007 | 31 Aug 2006 | 0.00 | — | 4.45B | 4.45B | 0.00 |
| Q4 FY2006 | 31 May 2006 | 0.00 | — | 577.43M | 577.43M | 0.00 |
| Q3 FY2006 | 28 Feb 2006 | 0.00 | — | 934.54M | 934.54M | 0.00 |
| Q2 FY2006 | 30 Nov 2005 | 0.00 | — | 792.51M | 792.51M | 0.00 |
| Q1 FY2006 | 31 Aug 2005 | 0.00 | — | 797.17M | 797.17M | 0.00 |
| Q4 FY2005 | 31 May 2005 | 0.00 | — | 707.61M | 707.61M | 0.00 |
| Q3 FY2005 | 28 Feb 2005 | 0.00 | — | 693.38M | 693.38M | 0.00 |
| Q2 FY2005 | 30 Nov 2004 | 0.00 | — | 597.68M | 597.68M | 0.00 |
| Q1 FY2005 | 31 Aug 2004 | 0.00 | — | 592.87M | 592.87M | 0.00 |
| Q4 FY2004 | 31 May 2004 | 0.00 | — | 523.84M | 523.84M | 0.00 |
| Q3 FY2004 | 29 Feb 2004 | 0.00 | — | 537.20M | 537.20M | 0.00 |
| Q2 FY2004 | 30 Nov 2003 | 0.00 | — | 449.74M | 449.74M | 0.00 |
| Q1 FY2004 | 31 Aug 2003 | 0.00 | — | 438.07M | 438.07M | 0.00 |
| Q4 FY2003 | 31 May 2003 | 0.00 | — | 381.20M | 381.20M | 0.00 |
| Q3 FY2003 | 28 Feb 2003 | 0.00 | — | 552.28M | 552.28M | 0.00 |
| Q2 FY2003 | 30 Nov 2002 | 0.00 | — | 98.52M | 98.52M | 0.00 |
| Q1 FY2003 | 31 Aug 2002 | 0.00 | — | 141.62M | 141.62M | 0.00 |
| Q4 FY2002 | 31 May 2002 | 0.00 | — | 61.90M | 61.90M | 0.00 |
| Q3 FY2002 | 28 Feb 2002 | 0.00 | — | 159.60M | 159.60M | 0.00 |
| Q2 FY2002 | 30 Nov 2001 | 0.00 | — | 96.29M | 96.29M | 0.00 |
| Q1 FY2002 | 31 Aug 2001 | 0.00 | — | 59.33M | 59.33M | 0.00 |
| Q4 FY2001 | 31 May 2001 | 0.00 | — | 45.78M | 45.78M | 0.00 |
| Q3 FY2001 | 28 Feb 2001 | 0.00 | — | 613.07M | 613.07M | 0.00 |
| Q2 FY2001 | 30 Nov 2000 | 0.00 | — | 523.77M | 523.77M | 0.00 |
| Q1 FY2001 | 31 Aug 2000 | 0.00 | — | 509.92M | 509.92M | 0.00 |
| Q4 FY2000 | 31 May 2000 | 0.00 | — | 47.14M | 47.14M | 0.00 |
| Q3 FY2000 | 29 Feb 2000 | 0.00 | — | 438.50M | 438.50M | 0.00 |
| Q2 FY2000 | 30 Nov 1999 | 0.00 | — | 381.90M | 381.90M | 0.00 |
| Q1 FY2000 | 31 Aug 1999 | 0.00 | — | 379.00M | 379.00M | 0.00 |
| Q4 FY1999 | 31 May 1999 | 0.00 | — | 52.70M | 52.70M | 0.00 |
| Q3 FY1999 | 28 Feb 1999 | 0.00 | — | 54.60M | 54.60M | 0.00 |
| Q2 FY1999 | 30 Nov 1998 | 0.00 | — | 29.40M | 29.40M | 0.00 |
| Q1 FY1999 | 31 Aug 1998 | 0.00 | — | 49.50M | 49.50M | 0.00 |
| Q4 FY1998 | 31 May 1998 | 0.00 | — | 35.60M | 35.60M | 0.00 |
| Q3 FY1998 | 28 Feb 1998 | 0.00 | — | 19.10M | 19.10M | 0.00 |
| Q2 FY1998 | 30 Nov 1997 | 0.00 | — | 52.10M | 52.10M | 0.00 |
| Q1 FY1998 | 31 Aug 1997 | 0.00 | — | 53.30M | 53.30M | 0.00 |
| Q4 FY1997 | 31 May 1997 | 0.00 | — | 50.20M | 50.20M | 0.00 |
| Q3 FY1997 | 28 Feb 1997 | 0.00 | — | 47.10M | 47.10M | 0.00 |
| Q2 FY1997 | 30 Nov 1996 | 0.00 | — | 19.60M | 19.60M | 0.00 |
| Q1 FY1997 | 31 Aug 1996 | 0.00 | -100.00% | 18.90M | 18.90M | 0.00 |
| Q4 FY1996 | 31 May 1996 | 0.00 | -100.00% | 15.40M | 15.40M | 0.00 |
| Q3 FY1996 | 29 Feb 1996 | 0.00 | -100.00% | 21.50M | 21.50M | 0.00 |
| Q2 FY1996 | 30 Nov 1995 | 0.00 | -100.00% | 8.90M | 8.90M | 0.00 |
| Q1 FY1996 | 31 Aug 1995 | 700.00K | -36.36% | 11.50M | 10.80M | 0.00 |
| Q4 FY1995 | 31 May 1995 | 700.00K | -22.22% | 12.90M | 12.20M | 0.01 |
| Q3 FY1995 | 28 Feb 1995 | 900.00K | -67.86% | 28.00M | 27.10M | 0.01 |
| Q2 FY1995 | 30 Nov 1994 | 900.00K | -30.77% | 12.00M | 11.10M | 0.01 |
| Q1 FY1995 | 31 Aug 1994 | 1.10M | -31.25% | 10.90M | 9.80M | 0.01 |
| Q4 FY1994 | 31 May 1994 | 900.00K | -43.75% | 14.60M | 13.70M | 0.01 |
| Q3 FY1994 | 28 Feb 1994 | 2.80M | +47.37% | 21.00M | 18.20M | 0.03 |
| Q2 FY1994 | 30 Nov 1993 | 1.30M | -35.00% | 4.20M | 2.90M | 0.01 |
| Q1 FY1994 | 31 Aug 1993 | 1.60M | -20.00% | 9.20M | 7.60M | 0.02 |
| Q4 FY1993 | 31 May 1993 | 1.60M | -20.00% | 5.00M | 3.40M | 0.02 |
| Q3 FY1993 | 28 Feb 1993 | 1.90M | -17.39% | 15.40M | 13.50M | 0.02 |
| Q2 FY1993 | 30 Nov 1992 | 2.00M | -13.04% | 6.10M | 4.10M | 0.03 |
| Q1 FY1993 | 31 Aug 1992 | 2.00M | -16.67% | 7.60M | 5.60M | 0.03 |
| Q4 FY1992 | 31 May 1992 | 2.00M | -16.67% | 5.20M | 3.20M | 0.03 |
| Q3 FY1992 | 29 Feb 1992 | 2.30M | -39.47% | 6.30M | 4.00M | 0.04 |
| Q2 FY1992 | 30 Nov 1991 | 2.30M | -28.13% | 4.60M | 2.30M | 0.04 |
| Q1 FY1992 | 31 Aug 1991 | 2.40M | -14.29% | 4.80M | 2.40M | 0.04 |
| Q4 FY1991 | 31 May 1991 | 2.40M | +9.09% | 500.00K | -1.90M | 0.04 |
| Q3 FY1991 | 28 Feb 1991 | 3.80M | +52.00% | 500.00K | -3.30M | 0.07 |
| Q2 FY1991 | 30 Nov 1990 | 3.20M | +23.08% | 500.00K | -2.70M | 0.06 |
| Q1 FY1991 | 31 Aug 1990 | 2.80M | +7.69% | 200.00K | -2.60M | 0.06 |
| Q4 FY1990 | 31 May 1990 | 2.20M | -18.52% | 500.00K | -1.70M | 0.05 |
| Q3 FY1990 | 28 Feb 1990 | 2.50M | — | 500.00K | -2.00M | 0.05 |
| Q2 FY1990 | 30 Nov 1989 | 2.60M | — | 200.00K | -2.40M | 0.06 |
| Q1 FY1990 | 31 Aug 1989 | 2.60M | — | 500.00K | -2.10M | 0.06 |
| Q4 FY1989 | 31 May 1989 | 2.70M | -20.59% | 1.90M | -800.00K | 0.07 |
| Q4 FY1988 | 31 May 1988 | 3.40M | +30.77% | 2.50M | -900.00K | 0.11 |
| Q4 FY1987 | 31 May 1987 | 2.60M | -7.14% | 1.20M | -1.40M | 0.11 |
| Q4 FY1986 | 31 May 1986 | 2.80M | — | 200.00K | -2.60M | 0.15 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Paychex's debt
Source: Financial Modeling Prep