Paychex Quarterly Cash Flow Statement
NASDAQ: PAYXIndustrialsDiversified Commercial ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Paychex free cash flow
In the quarter ended Aug 31, 2026, Paychex generated $413.5 million of operating cash flow and spent $56.1 million on capital expenditures. That left free cash flow of $357.4 million, a free-cash-flow margin of 21.9% of revenue. Free cash flow was down 46.1% from the prior year's $662.5 million.
Paychex returned $424.1 million to shareholders through dividends, equal to 119% of free cash flow. Free cash flow covered dividend payments 0.8 times.
Summary generated from market data by MetaCap's automated system. Methodology
Paychex cash flow statement (quarterly)
| Quarter (USD) | Q1 20272026-08-31 | Q4 20262026-05-31 | Q3 20262026-02-28 | Q2 20262025-11-30 | Q1 20262025-08-31 | Q4 20252025-05-31 | Q3 20252025-02-28 | Q2 20252024-11-30 | Q1 20252024-08-31 | Q4 20242024-05-31 | Q3 20242024-02-29 | Q2 20242023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 429.70M | 420.60M | 560.30M | 395.40M | 383.80M | 297.20M | 519.30M | 413.40M | 427.40M | 379.90M | 498.60M | 392.70M |
| Net Income growth (YoY) | +11.96% | +41.52% | +7.90% | -4.35% | -10.20% | -21.77% | +4.15% | +5.27% | +1.96% | +8.42% | +6.68% | +8.99% |
| Depreciation & Amortization | 109.80M | 113.20M | 111.00M | 109.10M | 109.30M | 85.70M | 43.10M | 41.70M | 39.00M | 45.60M | 44.80M | 44.90M |
| Stock-Based Compensation | 19.30M | 20.70M | 23.10M | 25.50M | 26.80M | 61.30M | 17.60M | 16.40M | 16.50M | 16.00M | 14.40M | 14.70M |
| Change in Working Capital | -149.80M | 48.20M | 119.00M | -77.10M | 135.50M | -110.60M | 141.00M | -186.30M | 55.50M | -229.10M | 116.70M | -141.70M |
| Operating Cash Flow | 413.50M | 580.90M | 812.50M | 444.90M | 718.40M | 343.80M | 716.00M | 295.00M | 546.10M | 221.70M | 671.70M | 311.30M |
| Capital Expenditures | -56.10M | -65.90M | -51.00M | -62.10M | -55.90M | -60.50M | -48.70M | -47.00M | -35.60M | -41.30M | -40.70M | -40.70M |
| Investing Cash Flow | -335.80M | -227.40M | 1.40M | 376.30M | -1.30B | -3.08B | 21.00M | -192.70M | -110.00M | -143.10M | -8.10M | -96.50M |
| Dividends Paid | -424.10M | -424.60M | -388.00M | -387.90M | -389.10M | -389.30M | -353.00M | -352.80M | -353.40M | -352.80M | -320.40M | -320.20M |
| Share Repurchases | 0 | -249.40M | -75.00M | -126.50M | -160.10M | 0 | 0 | -500.00K | -104.00M | 0 | 0 | — |
| Financing Cash Flow | -906.60M | -1.79B | 235.30M | -582.40M | -515.40M | 3.07B | -2.70M | -291.40M | -485.00M | -2.71B | 307.50M | -537.10M |
| Net Change in Cash | -828.90M | -1.44B | 1.05B | 238.80M | -1.10B | 341.00M | 734.30M | -189.10M | -48.90M | -2.64B | 971.10M | -322.30M |
| Free Cash Flow | 357.40M | 515.00M | 761.50M | 382.80M | 662.50M | 283.30M | 667.30M | 248.00M | 510.50M | 180.40M | 631.00M | 270.60M |
This table shows 12 quarterly periods of Paychex's cash flow statement, from Q1 2027 back to Q2 2024, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow PAYX's reporting calendar. What is a cash flow statement?