Paychex Inc (PAYX) — Cash Flow Reinvestment Rate
Paychex Inc (PAYX) has a Cash Flow Reinvestment Rate of 0.16x as of February 2026, reinvesting $129.10 Million (capex $51.00 Million plus investments $78.10 Million) from operating cash flow of $812.50 Million. Check Paychex Inc cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Paychex Inc Cash Flow Reinvestment Rate (1990–2025)
Historical reinvestment intensity for Paychex Inc across 36 annual periods. Explore investment intensity of Paychex Inc to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Paychex Inc (1990–2025)
Year-by-year capital reinvestment analysis for Paychex Inc. For live market cap and broader valuation context, see PAYX market cap.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.82x | $3.55 Billion | $1.95 Billion | $191.80 Million | ▲ +717.3% |
| 2024 | 0.22x | $422.30 Million | $1.90 Billion | $161.40 Million | ▲ +4.6% |
| 2023 | 0.21x | $361.50 Million | $1.70 Billion | $143.00 Million | ▼ -76.9% |
| 2022 | 0.92x | $1.39 Billion | $1.51 Billion | $132.60 Million | ▲ +168.2% |
| 2021 | 0.34x | $432.40 Million | $1.26 Billion | $114.60 Million | ▼ -52.5% |
| 2020 | 0.72x | $1.04 Billion | $1.44 Billion | $127.00 Million | ▲ +45.7% |
| 2019 | 0.50x | $630.80 Million | $1.27 Billion | $123.80 Million | ▼ -58.5% |
| 2018 | 1.20x | $1.53 Billion | $1.28 Billion | $154.00 Million | ▲ +75.8% |
| 2017 | 0.68x | $653.60 Million | $960.40 Million | $94.30 Million | ▲ +1.1% |
| 2016 | 0.67x | $685.60 Million | $1.02 Billion | $97.70 Million | ▲ +49.3% |
| 2015 | 0.45x | $403.70 Million | $895.20 Million | $102.80 Million | ▲ +26.4% |
| 2014 | 0.36x | $314.20 Million | $880.90 Million | $84.10 Million | ▼ -70.3% |
| 2013 | 1.20x | $811.30 Million | $675.30 Million | $98.70 Million | ▲ +87.5% |
| 2012 | 0.64x | $452.70 Million | $706.60 Million | $89.60 Million | ▼ -37.5% |
| 2011 | 1.03x | $733.50 Million | $715.30 Million | $103.30 Million | ▲ +35.0% |
| 2010 | 0.76x | $464.19 Million | $610.92 Million | $61.26 Million | ▲ +708.8% |
| 2009 | 0.09x | $64.71 Million | $688.77 Million | $64.71 Million | ▼ -17.3% |
| 2008 | 0.11x | $82.29 Million | $724.67 Million | $82.29 Million | ▼ -9.3% |
| 2007 | 0.13x | $79.02 Million | $631.23 Million | $79.02 Million | ▼ -12.2% |
| 2006 | 0.14x | $81.14 Million | $569.23 Million | $81.14 Million | ▼ -5.7% |
| 2005 | 0.15x | $70.69 Million | $467.86 Million | $70.69 Million | ▲ +16.6% |
| 2004 | 0.13x | $50.56 Million | $390.09 Million | $50.56 Million | ▼ -19.6% |
| 2003 | 0.16x | $60.21 Million | $373.71 Million | $60.21 Million | ▼ -10.0% |
| 2002 | 0.18x | $54.38 Million | $303.82 Million | $54.38 Million | ▲ +20.6% |
| 2001 | 0.15x | $45.25 Million | $304.94 Million | $45.25 Million | ▲ +12.4% |
| 2000 | 0.13x | $32.89 Million | $249.03 Million | $32.89 Million | ▲ +4.0% |
| 1999 | 0.13x | $22.10 Million | $174.10 Million | $22.10 Million | ▼ -38.4% |
| 1998 | 0.21x | $28.20 Million | $136.80 Million | $28.20 Million | ▲ +16.6% |
| 1997 | 0.18x | $18.00 Million | $101.80 Million | $18.00 Million | ▼ -37.7% |
| 1996 | 0.28x | $17.00 Million | $59.90 Million | $17.00 Million | ▲ +11.0% |
| 1995 | 0.26x | $12.30 Million | $48.10 Million | $12.30 Million | ▼ -22.6% |
| 1994 | 0.33x | $11.30 Million | $34.20 Million | $11.30 Million | ▲ +11.7% |
| 1993 | 0.30x | $8.70 Million | $29.40 Million | $8.70 Million | ▼ -46.8% |
| 1992 | 0.56x | $13.40 Million | $24.10 Million | $13.40 Million | ▼ -49.8% |
| 1991 | 1.11x | $17.40 Million | $15.70 Million | $17.40 Million | ▲ +4.4% |
| 1990 | 1.06x | $15.40 Million | $14.50 Million | $15.40 Million | — |