Paychex Inc (PAYX) — Free Cash Flow Generation Index
Paychex Inc (PAYX) has a Free Cash Flow Generation Index of 0.94x as of February 2026. Free cash flow of $761.50 Million represents 1% of operating cash flow ($812.50 Million). Read Paychex Inc balance sheet liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Paychex Inc Free Cash Flow Generation Index (1990–2025)
Historical FCF Generation Index trend for Paychex Inc across 36 annual periods. Explore Paychex Inc capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Paychex Inc (1990–2025)
Year-by-year Free Cash Flow Generation Index for Paychex Inc. For the full company profile including market capitalisation, see Paychex Inc (PAYX) total market value.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.90x | $1.76 Billion | $1.95 Billion | $191.80 Million | ▼ -1.4% |
| 2024 | 0.91x | $1.74 Billion | $1.90 Billion | $161.40 Million | ▼ -0.1% |
| 2023 | 0.92x | $1.56 Billion | $1.70 Billion | $143.00 Million | ▲ +0.4% |
| 2022 | 0.91x | $1.37 Billion | $1.51 Billion | $132.60 Million | ▲ +0.3% |
| 2021 | 0.91x | $1.15 Billion | $1.26 Billion | $114.60 Million | ▼ -0.3% |
| 2020 | 0.91x | $1.31 Billion | $1.44 Billion | $127.00 Million | ▼ -0.5% |
| 2019 | 0.92x | $1.17 Billion | $1.27 Billion | $123.80 Million | ▲ +4.3% |
| 2018 | 0.88x | $1.12 Billion | $1.28 Billion | $154.00 Million | ▼ -2.5% |
| 2017 | 0.90x | $866.10 Million | $960.40 Million | $94.30 Million | ▼ -0.2% |
| 2016 | 0.90x | $920.50 Million | $1.02 Billion | $97.70 Million | ▲ +2.1% |
| 2015 | 0.89x | $792.40 Million | $895.20 Million | $102.80 Million | ▼ -2.1% |
| 2014 | 0.90x | $796.80 Million | $880.90 Million | $84.10 Million | ▲ +5.9% |
| 2013 | 0.85x | $576.60 Million | $675.30 Million | $98.70 Million | ▼ -2.2% |
| 2012 | 0.87x | $617.00 Million | $706.60 Million | $89.60 Million | ▲ +2.1% |
| 2011 | 0.86x | $612.00 Million | $715.30 Million | $103.30 Million | ▼ -4.9% |
| 2010 | 0.90x | $549.66 Million | $610.92 Million | $61.26 Million | ▼ -0.7% |
| 2009 | 0.91x | $624.06 Million | $688.77 Million | $64.71 Million | ▲ +2.2% |
| 2008 | 0.89x | $642.38 Million | $724.67 Million | $82.29 Million | ▲ +1.3% |
| 2007 | 0.87x | $552.21 Million | $631.23 Million | $79.02 Million | ▲ +2.0% |
| 2006 | 0.86x | $488.09 Million | $569.23 Million | $81.14 Million | ▲ +1.0% |
| 2005 | 0.85x | $397.17 Million | $467.86 Million | $70.69 Million | ▼ -2.5% |
| 2004 | 0.87x | $339.52 Million | $390.09 Million | $50.56 Million | ▲ +3.8% |
| 2003 | 0.84x | $313.50 Million | $373.71 Million | $60.21 Million | ▲ +2.2% |
| 2002 | 0.82x | $249.44 Million | $303.82 Million | $54.38 Million | ▼ -3.6% |
| 2001 | 0.85x | $259.69 Million | $304.94 Million | $45.25 Million | ▼ -1.9% |
| 2000 | 0.87x | $216.14 Million | $249.03 Million | $32.89 Million | ▼ -0.6% |
| 1999 | 0.87x | $152.00 Million | $174.10 Million | $22.10 Million | ▲ +10.0% |
| 1998 | 0.79x | $108.60 Million | $136.80 Million | $28.20 Million | ▼ -3.6% |
| 1997 | 0.82x | $83.80 Million | $101.80 Million | $18.00 Million | ▲ +14.9% |
| 1996 | 0.72x | $42.90 Million | $59.90 Million | $17.00 Million | ▼ -3.8% |
| 1995 | 0.74x | $35.80 Million | $48.10 Million | $12.30 Million | ▲ +11.2% |
| 1994 | 0.67x | $22.90 Million | $34.20 Million | $11.30 Million | ▼ -4.9% |
| 1993 | 0.70x | $20.70 Million | $29.40 Million | $8.70 Million | ▲ +58.6% |
| 1992 | 0.44x | $10.70 Million | $24.10 Million | $13.40 Million | ▲ +510.0% |
| 1991 | -0.11x | $-1.70 Million | $15.70 Million | $17.40 Million | ▼ -74.5% |
| 1990 | -0.06x | $-900.00K | $14.50 Million | $15.40 Million | — |