Paychex Inc (PAYX) — Free Cash Flow Generation Index
Paychex Inc (PAYX) has a Free Cash Flow Generation Index of 0.86x as of November 2025. Free cash flow of $382.80 Million represents 1% of operating cash flow ($444.90 Million). See PAYX current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
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 how well can Paychex Inc service its debt to assess how comfortably operating cash covers total debt obligations.
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 how much is Paychex Inc worth.
| 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 | — |