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Paychex (PAYX)

(Real Time Quote from BATS)

$122.38 USD

122.38
135,743

-0.60 (-0.49%)

Updated Jul 23, 2024 10:44 AM 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 Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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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 F Growth A Momentum D 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%.

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

Bottom 34% (165 out of 250)

Industry: Outsourcing

Zacks Premium FeatureView All Zacks #1 Ranked Stocks

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.

Learn more about Zacks Equity Research 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.

5/31/2024 5/31/2023 5/31/2022 5/31/2021 5/31/2020
Assets          
Cash & Equivalents 1,551 1,645 1,274 1,083 982
Receivables 1,625 1,426 1,318 1,054 790
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 4,076 4,457 3,989 4,033 3,692
Total Current Assets 7,252 7,528 6,582 6,170 5,465
Net Property & Equipment 412 396 401 396 407
Investments & Advances 4 4 5 7 10
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 477 470 433 384 373
Intangibles 2,077 2,021 2,056 2,097 2,122
Deposits & Other Assets 115 65 79 71 60
Total Assets 10,383 10,546 9,635 9,227 8,551
Liabilities & Shareholders Equity 5/31/2024 5/31/2023 5/31/2022 5/31/2021 5/31/2020
Notes Payable 0 0 0 0 0
Accounts Payable 104 85 106 89 79
Current Portion Long-Term Debt 19 10 9 7 5
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 797 974 909 796 644
Income Taxes Payable 0 0 0 0 51
Other Current Liabilities 4,389 4,737 4,246 4,046 3,648
Total Current Liabilities 5,309 5,805 5,269 4,938 4,427
Mortgages 0 0 0 0 0
Deferred Taxes/Income 86 112 166 218 241
Convertible Debt 0 0 0 0 0
Long-Term Debt 799 798 798 797 797
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 339 280 243 233 208
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 6,582 7,053 6,550 6,279 5,769
Shareholders Equity 5/31/2024 5/31/2023 5/31/2022 5/31/2021 5/31/2020
Preferred Stock 0 0 0 0 0
Common Stock (Par) 4 4 4 4 4
Capital Surplus 1,730 1,626 1,546 1,447 1,290
Retained Earnings 2,213 2,023 1,670 1,446 1,431
Other Equity -145 -160 -134 52 57
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 3,801 3,493 3,085 2,948 2,781
Total Liabilities & Shareholder's Equity 10,383 10,546 9,635 9,227 8,551
Total Common Equity 3,801 3,493 3,085 2,948 2,781
Shares Outstanding 359.90 360.50 361.00 360.30 358.70
Book Value Per Share 10.56 9.69 8.55 8.18 7.75

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

All items in Millions except Per Share data.

5/31/2024 2/29/2024 11/30/2023 8/31/2023 5/31/2023
Assets          
Cash & Equivalents 1,551 1,771 1,445 1,741 1,645
Receivables 1,625 1,702 1,651 1,575 1,426
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 4,076 6,413 5,828 5,773 4,457
Total Current Assets 7,252 9,886 8,924 9,089 7,528
Net Property & Equipment 412 419 418 405 396
Investments & Advances 4 2 2 2 4
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 477 476 475 473 470
Intangibles 2,077 2,087 2,083 2,079 2,021
Deposits & Other Assets 115 95 92 92 65
Total Assets 10,383 13,024 12,052 12,200 10,546
Liabilities & Shareholders Equity 5/31/2024 2/29/2024 11/30/2023 8/31/2023 5/31/2023
Notes Payable 0 0 0 0 0
Accounts Payable 104 94 92 95 85
Current Portion Long-Term Debt 19 19 14 14 10
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 797 1,077 970 887 974
Income Taxes Payable 0 0 0 61 0
Other Current Liabilities 4,389 6,811 6,178 6,287 4,737
Total Current Liabilities 5,309 8,001 7,254 7,344 5,805
Mortgages 0 0 0 0 0
Deferred Taxes/Income 86 95 103 101 112
Convertible Debt 0 0 0 0 0
Long-Term Debt 799 799 798 798 798
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 339 318 314 280
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 6,582 9,277 8,528 8,612 7,053
Shareholders Equity 5/31/2024 2/29/2024 11/30/2023 8/31/2023 5/31/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 4 4 4 4 4
Capital Surplus 1,730 1,703 1,679 1,666 1,626
Retained Earnings 2,213 2,186 2,009 2,101 2,023
Other Equity -145 -145 -167 -183 -160
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 3,801 3,747 3,524 3,588 3,493
Total Liabilities & Shareholder's Equity 10,383 13,024 12,052 12,200 10,546
Total Common Equity 3,801 3,747 3,524 3,588 3,493
Shares Outstanding 359.90 359.90 359.80 361.20 360.50
Book Value Per Share 10.56 10.41 9.80 9.93 9.69