Paychex Inc (PAYX) — Cash Flow Quality Index
Latest as of May 2026:
1.38x
Paychex Inc (PAYX) has a Cash Flow Quality Index of 1.38x as of May 2026. Operating cash flow of $580.90 Million exceeds net income of $420.60 Million, indicating high earnings quality where cash backs reported profits. Explore debt repayment capacity of Paychex Inc to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
1.38x
Operating CF / Net Income
Operating Cash Flow
$580.90 Million
USD
Net Income
$420.60 Million
USD
Data as of
May 2026
Most recent filing
Paychex Inc Cash Flow Quality Index (1990–2026)
Historical Cash Flow Quality Index for Paychex Inc across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Paychex Inc cash conversion from operations.
Annual Cash Flow Quality Index for Paychex Inc (1990–2026)
Year-by-year earnings quality comparison for Paychex Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2026 | 1.45x | $2.56 Billion | $1.76 Billion | ▲ +23.4% |
| 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 | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.