Paychex Inc (PAYX) — Cash Flow Quality Index
Paychex Inc (PAYX) has a Cash Flow Quality Index of 1.13x as of November 2025. Operating cash flow of $444.90 Million exceeds net income of $395.40 Million, indicating high earnings quality where cash backs reported profits. Explore PAYX strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Paychex Inc Cash Flow Quality Index (1990–2025)
Historical Cash Flow Quality Index for Paychex Inc across 36 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check Paychex Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Paychex Inc (1990–2025)
Year-by-year earnings quality comparison for Paychex Inc. For live market cap and the full company financial profile, see PAYX market cap overview.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.18x | $1.95 Billion | $1.66 Billion | ▲ +4.9% |
| 2024 | 1.12x | $1.90 Billion | $1.69 Billion | ▲ +2.9% |
| 2023 | 1.09x | $1.70 Billion | $1.56 Billion | ▲ +1.0% |
| 2022 | 1.08x | $1.51 Billion | $1.39 Billion | ▼ -5.9% |
| 2021 | 1.15x | $1.26 Billion | $1.10 Billion | ▼ -12.5% |
| 2020 | 1.31x | $1.44 Billion | $1.10 Billion | ▲ +6.7% |
| 2019 | 1.23x | $1.27 Billion | $1.03 Billion | ▼ -10.1% |
| 2018 | 1.37x | $1.28 Billion | $933.70 Million | ▲ +16.3% |
| 2017 | 1.18x | $960.40 Million | $817.30 Million | ▼ -12.7% |
| 2016 | 1.35x | $1.02 Billion | $756.80 Million | ▲ +1.4% |
| 2015 | 1.33x | $895.20 Million | $674.90 Million | ▼ -5.5% |
| 2014 | 1.40x | $880.90 Million | $627.50 Million | ▲ +18.3% |
| 2013 | 1.19x | $675.30 Million | $569.00 Million | ▼ -8.0% |
| 2012 | 1.29x | $706.60 Million | $548.00 Million | ▼ -7.1% |
| 2011 | 1.39x | $715.30 Million | $515.30 Million | ▲ +8.4% |
| 2010 | 1.28x | $610.92 Million | $477.00 Million | ▼ -0.8% |
| 2009 | 1.29x | $688.77 Million | $533.54 Million | ▲ +2.6% |
| 2008 | 1.26x | $724.67 Million | $576.14 Million | ▲ +2.7% |
| 2007 | 1.22x | $631.23 Million | $515.45 Million | ▲ +0.0% |
| 2006 | 1.22x | $569.23 Million | $464.91 Million | ▼ -3.5% |
| 2005 | 1.27x | $467.86 Million | $368.85 Million | ▼ -1.5% |
| 2004 | 1.29x | $390.09 Million | $302.95 Million | ▲ +1.1% |
| 2003 | 1.27x | $373.71 Million | $293.45 Million | ▲ +15.1% |
| 2002 | 1.11x | $303.82 Million | $274.53 Million | ▼ -7.5% |
| 2001 | 1.20x | $304.94 Million | $254.87 Million | ▼ -8.7% |
| 2000 | 1.31x | $249.03 Million | $190.01 Million | ▲ +4.7% |
| 1999 | 1.25x | $174.10 Million | $139.10 Million | ▼ -6.5% |
| 1998 | 1.34x | $136.80 Million | $102.20 Million | ▼ -1.1% |
| 1997 | 1.35x | $101.80 Million | $75.20 Million | ▲ +18.2% |
| 1996 | 1.15x | $59.90 Million | $52.30 Million | ▼ -7.1% |
| 1995 | 1.23x | $48.10 Million | $39.00 Million | ▲ +1.3% |
| 1994 | 1.22x | $34.20 Million | $28.10 Million | ▼ -17.2% |
| 1993 | 1.47x | $29.40 Million | $20.00 Million | ▼ -16.4% |
| 1992 | 1.76x | $24.10 Million | $13.70 Million | ▲ +7.6% |
| 1991 | 1.64x | $15.70 Million | $9.60 Million | ▼ -3.0% |
| 1990 | 1.69x | $14.50 Million | $8.60 Million | — |