Paychex Inc (PAYX) — Free Cash Flow Generation Index
Paychex Inc (PAYX) has a Free Cash Flow Generation Index of 0.89x as of May 2026. Free cash flow of $515.00 Million represents 1% of operating cash flow ($580.90 Million). Explore reinvestment intensity of Paychex Inc to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Paychex Inc Free Cash Flow Generation Index (1990–2026)
Historical FCF Generation Index trend for Paychex Inc across 37 annual periods. For the full cash flow conversion analysis, see Paychex Inc operating cash flow efficiency.
Annual Free Cash Flow Generation for Paychex Inc (1990–2026)
Year-by-year Free Cash Flow Generation Index for Paychex Inc. Check how aggressively does Paychex Inc reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.91x | $2.32 Billion | $2.56 Billion | $234.90 Million | ▲ +0.7% |
| 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 | — |