Paychex Inc (PAYX) — 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). Check Paychex Inc cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Paychex Inc Financial Flexibility Index (1990–2026)
Historical Financial Flexibility Index trend for Paychex Inc across 37 annual periods. For the full cash flow conversion analysis, see Paychex Inc cash conversion from operations.
Annual Financial Flexibility Index for Paychex Inc (1990–2026)
Year-by-year free cash flow to debt coverage for Paychex Inc. Explore debt repayment capacity of Paychex Inc to assess how comfortably operating cash covers total debt obligations.
| 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 | — |