Paychex Inc Financial Flexibility Index
Paychex Inc financial flexibility index. Paychex Inc (PAYX) has a Financial Flexibility Index of 0.05x as of May 2026. Free cash flow of $646.80 Million (operating CF $580.90 Million minus capex $65.90 Million) represents 0% of total liabilities ($12.44 Billion). See PAYX cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Paychex Inc (1990–2026)
Financial flexibility index of Paychex Inc from 1990 to 2026. Historical Financial Flexibility Index trend for Paychex Inc across 37 annual periods. Check PAYX cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Paychex Inc Financial Flexibility Index by Year (1990–2026)
Paychex Inc financial flexibility index by year from 1990 to 2026. Year-by-year free cash flow to debt coverage for Paychex Inc. For the full cash flow conversion analysis, see PAYX cash flow conversion.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.22x | $2.79 Billion | $2.56 Billion | $12.44 Billion | ▲ +30.2% |
| 2025 | 0.17x | $2.14 Billion | $1.95 Billion | $12.44 Billion | ▼ -44.9% |
| 2024 | 0.31x | $2.06 Billion | $1.90 Billion | $6.58 Billion | ▲ +19.8% |
| 2023 | 0.26x | $1.84 Billion | $1.70 Billion | $7.05 Billion | ▲ +4.4% |
| 2022 | 0.25x | $1.64 Billion | $1.51 Billion | $6.55 Billion | ▲ +14.2% |
| 2021 | 0.22x | $1.37 Billion | $1.26 Billion | $6.28 Billion | ▼ -19.4% |
| 2020 | 0.27x | $1.57 Billion | $1.44 Billion | $5.77 Billion | ▲ +18.1% |
| 2019 | 0.23x | $1.40 Billion | $1.27 Billion | $6.06 Billion | ▼ -10.6% |
| 2018 | 0.26x | $1.43 Billion | $1.28 Billion | $5.56 Billion | ▲ +19.0% |
| 2017 | 0.22x | $1.05 Billion | $960.40 Million | $4.88 Billion | ▼ -12.3% |
| 2016 | 0.25x | $1.12 Billion | $1.02 Billion | $4.53 Billion | ▲ +16.0% |
| 2015 | 0.21x | $998.00 Million | $895.20 Million | $4.70 Billion | ▲ +1.1% |
| 2014 | 0.21x | $965.00 Million | $880.90 Million | $4.59 Billion | ▲ +19.2% |
| 2013 | 0.18x | $774.00 Million | $675.30 Million | $4.39 Billion | ▲ +8.0% |
| 2012 | 0.16x | $796.20 Million | $706.60 Million | $4.88 Billion | ▼ -22.2% |
| 2011 | 0.21x | $818.60 Million | $715.30 Million | $3.90 Billion | ▲ +19.5% |
| 2010 | 0.18x | $672.18 Million | $610.92 Million | $3.82 Billion | ▼ -11.7% |
| 2009 | 0.20x | $753.48 Million | $688.77 Million | $3.79 Billion | ▲ +1.4% |
| 2008 | 0.20x | $806.96 Million | $724.67 Million | $4.11 Billion | ▲ +18.6% |
| 2007 | 0.17x | $710.25 Million | $631.23 Million | $4.29 Billion | ▼ -1.0% |
| 2006 | 0.17x | $650.38 Million | $569.23 Million | $3.89 Billion | ▼ -7.2% |
| 2005 | 0.18x | $538.54 Million | $467.86 Million | $2.99 Billion | ▲ +12.3% |
| 2004 | 0.16x | $440.65 Million | $390.09 Million | $2.75 Billion | ▼ -3.5% |
| 2003 | 0.17x | $433.92 Million | $373.71 Million | $2.61 Billion | ▼ -5.9% |
| 2002 | 0.18x | $358.20 Million | $303.82 Million | $2.03 Billion | ▲ +8.3% |
| 2001 | 0.16x | $350.19 Million | $304.94 Million | $2.15 Billion | ▲ +9.4% |
| 2000 | 0.15x | $281.92 Million | $249.03 Million | $1.89 Billion | ▲ +9.1% |
| 1999 | 0.14x | $196.20 Million | $174.10 Million | $1.44 Billion | ▲ +0.9% |
| 1998 | 0.14x | $165.00 Million | $136.80 Million | $1.22 Billion | ▲ +7.2% |
| 1997 | 0.13x | $119.80 Million | $101.80 Million | $949.80 Million | ▼ -95.2% |
| 1996 | 2.62x | $76.90 Million | $59.90 Million | $29.40 Million | ▲ +23.4% |
| 1995 | 2.12x | $60.40 Million | $48.10 Million | $28.50 Million | ▼ -0.8% |
| 1994 | 2.14x | $45.50 Million | $34.20 Million | $21.30 Million | ▲ +21.7% |
| 1993 | 1.76x | $38.10 Million | $29.40 Million | $21.70 Million | ▼ -12.0% |
| 1992 | 1.99x | $37.50 Million | $24.10 Million | $18.80 Million | ▼ -4.2% |
| 1991 | 2.08x | $33.10 Million | $15.70 Million | $15.90 Million | ▲ +3.7% |
| 1990 | 2.01x | $29.90 Million | $14.50 Million | $14.90 Million | — |