← Research LibraryThe BriefFY2026 10-K · headline figures audited against SEC data
Paychex grew revenue 16.9% to $6.51B in its first full year with Paycor, lifting free cash flow 35.8% while Paycor's costs and new debt held net income growth to 6.2%
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 16.9% to $6.51B; Paycor added about 12 pointsOK
- Profitability — Operating margin 38.55%, down 107 bps; net income $1.76BNote
- Balance sheet — Debt $4.56B, down 8.3%; $1.2 billion corporate cash and investmentsNote
- Accounting quality — Grey-zone balance-sheet screen; no manipulation flag; strong earnings qualityNote
- Capital allocation — Dividends $1.59B, about 90% of net income; buybacks up to $611.0MOK
- Client base — About 800,000 payroll clients; retention 82% to 83%Note
Business
Paychex runs payroll, HR, benefits and insurance for small and mid-sized US businesses, paying 1 in 11 US private sector workers. It serves about 840,000 customers, 800,000 of them payroll clients, on three platforms: SurePayroll for the smallest firms, Paychex Flex for small and medium businesses and Paycor for larger ones. Over 60% of revenue comes from solutions other than payroll, such as HR outsourcing, retirement plans and its PEO.
Where the revenue comes from
Fiscal 2026, as PAYCHEX INC reports it. History and quarterly detail are in the app.
- Management Solutions$4.9B
- Peo and Insurance Solutions$1.4B
Leadership changes
From PAYCHEX INC's own filings, the day they're filed.
- Kara Wilson · Directors · departureeff. 2026-07-16
- S. Flaschen · Directors · departureeff. 2024-06-12
- Christopher Simmons · President · appointmenteff. 2023-10-13
Latest filings
- 8-K · Company announcement2026-10-16
- 10-Q · Quarterly report2026-09-24
- 8-K · Company announcement2026-09-23
- DEF 14A · Annual proxy (pay & governance)2026-09-04
- 8-K · Company announcement2026-07-21
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about PAYCHEX INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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