Paychex Inc (PAYX) — Cash Flow Quality Index
Paychex Inc (PAYX) has a Cash Flow Quality Index of 1.45x as of February 2026. Operating cash flow of $812.50 Million exceeds net income of $560.30 Million, indicating high earnings quality where cash backs reported profits. Explore Paychex Inc (PAYX) cash conversion ratio to assess how effectively this company generates cash.
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 total reinvestment intensity of Paychex Inc to assess the company's total reinvestment commitment from operating cash flow.
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 how much is Paychex Inc worth.
| 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 | — |