Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.95B | $3.10B | $3.31B | $3.69B | $3.95B | $4.00B | $4.55B | $4.91B | $5.13B | $5.41B |
| Revenue growth | — | 5.1% | 6.8% | 11.4% | 7.1% | 1.1% | 13.9% | 7.8% | 4.6% | 5.4% |
| Operating income | $1.15B | $1.25B | $1.29B | $1.37B | $1.46B | $1.46B | $1.84B | $2.03B | $2.17B | $2.21B |
| Operating margin | 38.8% | 40.4% | 39.0% | 37.1% | 36.9% | 36.5% | 40.4% | 41.4% | 42.4% | 40.8% |
| Net income | — | — | — | — | — | — | $1.39B | $1.56B | $1.69B | $1.66B |
| Net margin | — | — | — | — | — | — | 30.6% | 31.7% | 32.9% | 30.6% |
| EPS (diluted) | $2.09 | $2.28 | $2.75 | $2.86 | $3.04 | $3.03 | $3.84 | $4.30 | $4.67 | $4.58 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.02B | $960M | $1.28B | $1.27B | $1.44B | $1.26B | $1.59B | $1.71B | $1.90B | $1.90B |
| Capital expenditures | $97.7M | $94.3M | $154M | $124M | $127M | $118M | $134M | $143M | $161M | $192M |
| Free cash flow | $921M | $866M | $1.12B | $1.15B | $1.31B | $1.14B | $1.46B | $1.56B | $1.74B | $1.71B |
| Share buybacks | $108M | $166M | $143M | $56.9M | $172M | $156M | $145M | $0.00 | $169M | $105M |
| Dividends paid | $607M | $662M | $740M | $827M | $889M | $909M | $1000M | $1.18B | $1.32B | $1.45B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $132M | $185M | $358M | $674M | $905M | $995M | $370M | $1.22B | $1.47B | $1.63B |
| Total assets | $6.44B | $6.83B | $7.92B | $8.68B | $8.55B | $9.23B | $9.64B | $10.5B | $10.4B | $16.6B |
| Total liabilities | $4.53B | $4.88B | $5.56B | $6.06B | $5.77B | $6.28B | $6.55B | $7.05B | $6.58B | $12.4B |
| Long-term debt | — | — | — | $796M | $797M | $797M | $798M | $798M | $799M | $4.55B |
| Shareholders' equity | $1.91B | $2.23B | $2.36B | $2.62B | $2.78B | $2.95B | $3.09B | $3.49B | $3.80B | $4.13B |
| Retained earnings | $926M | $902M | $1.26B | $1.41B | $1.43B | $1.45B | $1.67B | $2.02B | $2.21B | $2.28B |
| Shares (wtd avg diluted) | 363M | 363M | 362M | 362M | 361M | 362M | 363M | 362M | 362M | 362M |
Every figure is extracted from PAYCHEX INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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