Paychex Inc
Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for payroll, employee benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services. The comp… Read more
Paychex Inc (PAYX) - Net Assets
Latest net assets as of November 2025: $3.88 Billion USD
Based on the latest financial reports, Paychex Inc (PAYX) has net assets worth $3.88 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.52 Billion) and total liabilities ($12.64 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.88 Billion |
| % of Total Assets | 23.49% |
| Annual Growth Rate | 14.86% |
| 5-Year Change | 40.03% |
| 10-Year Change | 115.93% |
| Growth Volatility | 14.4 |
Paychex Inc - Net Assets Trend (1986–2025)
This chart illustrates how Paychex Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Paychex Inc (1986–2025)
The table below shows the annual net assets of Paychex Inc from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-05-31 | $4.13 Billion | +8.60% |
| 2024-05-31 | $3.80 Billion | +8.81% |
| 2023-05-31 | $3.49 Billion | +13.22% |
| 2022-05-31 | $3.09 Billion | +4.65% |
| 2021-05-31 | $2.95 Billion | +5.99% |
| 2020-05-31 | $2.78 Billion | +6.18% |
| 2019-05-31 | $2.62 Billion | +37.50% |
| 2018-05-31 | $1.91 Billion | -2.57% |
| 2017-05-31 | $1.96 Billion | +2.28% |
| 2016-05-31 | $1.91 Billion | +7.07% |
| 2015-05-31 | $1.79 Billion | +0.48% |
| 2014-05-31 | $1.78 Billion | +0.19% |
| 2013-05-31 | $1.77 Billion | +10.55% |
| 2012-05-31 | $1.60 Billion | +7.24% |
| 2011-05-31 | $1.50 Billion | +6.72% |
| 2010-05-31 | $1.40 Billion | +4.51% |
| 2009-05-31 | $1.34 Billion | +12.10% |
| 2008-05-31 | $1.20 Billion | -38.70% |
| 2007-05-31 | $1.95 Billion | +17.97% |
| 2006-05-31 | $1.65 Billion | +19.43% |
| 2005-05-31 | $1.39 Billion | +15.48% |
| 2004-05-31 | $1.20 Billion | +11.38% |
| 2003-05-31 | $1.08 Billion | +16.60% |
| 2002-05-31 | $923.98 Million | +21.92% |
| 2001-05-31 | $757.84 Million | +34.50% |
| 2000-05-31 | $563.43 Million | +29.29% |
| 1999-05-31 | $435.80 Million | +32.22% |
| 1998-05-31 | $329.60 Million | +31.05% |
| 1997-05-31 | $251.50 Million | +31.81% |
| 1996-05-31 | $190.80 Million | +36.38% |
| 1995-05-31 | $139.90 Million | +28.94% |
| 1994-05-31 | $108.50 Million | +27.35% |
| 1993-05-31 | $85.20 Million | +26.41% |
| 1992-05-31 | $67.40 Million | +23.67% |
| 1991-05-31 | $54.50 Million | +15.47% |
| 1990-05-31 | $47.20 Million | +17.41% |
| 1989-05-31 | $40.20 Million | +27.62% |
| 1988-05-31 | $31.50 Million | +31.25% |
| 1987-05-31 | $24.00 Million | +29.03% |
| 1986-05-31 | $18.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Paychex Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 20789.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (May 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.28 Billion | 55.16% |
| Common Stock | $3.60 Million | 0.09% |
| Other Comprehensive Income | $-53.70 Million | -1.30% |
| Other Components | $1.90 Billion | 46.05% |
| Total Equity | $4.13 Billion | 100.00% |
Paychex Inc Competitors by Market Cap
The table below lists competitors of Paychex Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nokia Oyj
HE:NOKIA
|
$29.76 Billion |
|
EQT AB (publ)
PINK:EQBBF
|
$29.77 Billion |
|
Sika AG
PINK:SKFOF
|
$29.81 Billion |
|
Iron Mountain Incorporated
NYSE:IRM
|
$29.90 Billion |
|
Interactive Brokers Group Inc
NASDAQ:IBKR
|
$29.72 Billion |
|
Brookfield Asset Management Inc
PINK:BKAMF
|
$29.68 Billion |
|
Xylem Inc
NYSE:XYL
|
$29.57 Billion |
|
Honda Motor Co Ltd
PINK:HNDAF
|
$29.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Paychex Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,801,000,000 to 4,128,000,000, a change of 327,000,000 (8.6%).
- Net income of 1,657,300,000 contributed positively to equity growth.
- Dividend payments of 1,448,500,000 reduced retained earnings.
- Share repurchases of 104,500,000 reduced equity.
- Other comprehensive income increased equity by 91,400,000.
- Other factors increased equity by 131,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.66 Billion | +40.15% |
| Dividends Paid | $1.45 Billion | -35.09% |
| Share Repurchases | $104.50 Million | -2.53% |
| Other Comprehensive Income | $91.40 Million | +2.21% |
| Other Changes | $131.30 Million | +3.18% |
| Total Change | $- | 8.60% |
Book Value vs Market Value Analysis
This analysis compares Paychex Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1622.55x to 8.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-05-31 | $0.06 | $92.43 | x |
| 1987-05-31 | $0.07 | $92.43 | x |
| 1988-05-31 | $0.10 | $92.43 | x |
| 1989-05-31 | $0.12 | $92.43 | x |
| 1990-05-31 | $0.14 | $92.43 | x |
| 1991-05-31 | $0.16 | $92.43 | x |
| 1992-05-31 | $0.20 | $92.43 | x |
| 1993-05-31 | $0.25 | $92.43 | x |
| 1994-05-31 | $0.32 | $92.43 | x |
| 1995-05-31 | $0.41 | $92.43 | x |
| 1996-05-31 | $0.55 | $92.43 | x |
| 1997-05-31 | $0.69 | $92.43 | x |
| 1998-05-31 | $0.90 | $92.43 | x |
| 1999-05-31 | $1.18 | $92.43 | x |
| 2000-05-31 | $1.50 | $92.43 | x |
| 2001-05-31 | $2.01 | $92.43 | x |
| 2002-05-31 | $2.44 | $92.43 | x |
| 2003-05-31 | $2.85 | $92.43 | x |
| 2004-05-31 | $3.17 | $92.43 | x |
| 2005-05-31 | $3.65 | $92.43 | x |
| 2006-05-31 | $4.34 | $92.43 | x |
| 2007-05-31 | $5.10 | $92.43 | x |
| 2008-05-31 | $3.24 | $92.43 | x |
| 2009-05-31 | $3.72 | $92.43 | x |
| 2010-05-31 | $3.88 | $92.43 | x |
| 2011-05-31 | $4.13 | $92.43 | x |
| 2012-05-31 | $4.42 | $92.43 | x |
| 2013-05-31 | $4.86 | $92.43 | x |
| 2014-05-31 | $4.85 | $92.43 | x |
| 2015-05-31 | $4.90 | $92.43 | x |
| 2016-05-31 | $5.27 | $92.43 | x |
| 2017-05-31 | $5.39 | $92.43 | x |
| 2018-05-31 | $5.60 | $92.43 | x |
| 2019-05-31 | $7.24 | $92.43 | x |
| 2020-05-31 | $7.70 | $92.43 | x |
| 2021-05-31 | $8.14 | $92.43 | x |
| 2022-05-31 | $8.50 | $92.43 | x |
| 2023-05-31 | $9.64 | $92.43 | x |
| 2024-05-31 | $10.50 | $92.43 | x |
| 2025-05-31 | $11.40 | $92.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Paychex Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 40.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.74%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 4.01x
- Recent ROE (40.15%) is above the historical average (32.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 22.58% | 8.28% | 1.91x | 1.42x | $2.34 Million |
| 1987 | 21.25% | 7.98% | 1.96x | 1.36x | $2.70 Million |
| 1988 | 21.90% | 8.69% | 1.87x | 1.35x | $3.75 Million |
| 1989 | 23.38% | 9.29% | 1.85x | 1.36x | $5.38 Million |
| 1990 | 18.22% | 7.15% | 1.94x | 1.32x | $3.88 Million |
| 1991 | 17.61% | 7.00% | 1.95x | 1.29x | $4.15 Million |
| 1992 | 20.33% | 8.49% | 1.87x | 1.28x | $6.96 Million |
| 1993 | 23.47% | 10.53% | 1.78x | 1.25x | $11.48 Million |
| 1994 | 25.90% | 12.54% | 1.73x | 1.20x | $17.25 Million |
| 1995 | 27.88% | 14.60% | 1.59x | 1.20x | $25.01 Million |
| 1996 | 27.41% | 16.08% | 1.48x | 1.15x | $33.22 Million |
| 1997 | 29.90% | 10.24% | 0.61x | 4.78x | $50.05 Million |
| 1998 | 31.01% | 10.29% | 0.64x | 4.70x | $69.24 Million |
| 1999 | 31.92% | 11.83% | 0.63x | 4.30x | $95.52 Million |
| 2000 | 33.72% | 26.10% | 0.30x | 4.36x | $133.66 Million |
| 2001 | 33.63% | 29.30% | 0.30x | 3.84x | $179.08 Million |
| 2002 | 29.71% | 28.75% | 0.32x | 3.20x | $182.13 Million |
| 2003 | 27.24% | 28.05% | 0.28x | 3.43x | $185.71 Million |
| 2004 | 25.25% | 23.41% | 0.33x | 3.29x | $182.95 Million |
| 2005 | 26.62% | 25.52% | 0.33x | 3.16x | $230.28 Million |
| 2006 | 28.09% | 27.76% | 0.30x | 3.35x | $299.43 Million |
| 2007 | 26.40% | 27.32% | 0.30x | 3.20x | $320.22 Million |
| 2008 | 48.15% | 27.88% | 0.39x | 4.44x | $456.48 Million |
| 2009 | 39.77% | 25.62% | 0.41x | 3.82x | $399.40 Million |
| 2010 | 34.02% | 23.84% | 0.38x | 3.73x | $336.80 Million |
| 2011 | 34.44% | 24.72% | 0.39x | 3.60x | $365.68 Million |
| 2012 | 34.15% | 24.58% | 0.34x | 4.04x | $387.55 Million |
| 2013 | 32.08% | 24.46% | 0.38x | 3.48x | $391.63 Million |
| 2014 | 35.31% | 24.91% | 0.40x | 3.58x | $449.80 Million |
| 2015 | 37.80% | 24.63% | 0.42x | 3.63x | $496.35 Million |
| 2016 | 39.59% | 25.64% | 0.46x | 3.37x | $565.63 Million |
| 2017 | 41.80% | 25.94% | 0.46x | 3.49x | $621.77 Million |
| 2018 | 46.12% | 27.62% | 0.45x | 3.69x | $731.25 Million |
| 2019 | 39.49% | 27.42% | 0.43x | 3.31x | $772.45 Million |
| 2020 | 39.48% | 27.18% | 0.47x | 3.07x | $819.96 Million |
| 2021 | 37.23% | 27.05% | 0.44x | 3.13x | $802.70 Million |
| 2022 | 45.14% | 30.20% | 0.48x | 3.12x | $1.08 Billion |
| 2023 | 44.58% | 31.10% | 0.47x | 3.02x | $1.21 Billion |
| 2024 | 44.47% | 32.03% | 0.51x | 2.73x | $1.31 Billion |
| 2025 | 40.15% | 29.74% | 0.34x | 4.01x | $1.24 Billion |
Industry Comparison
This section compares Paychex Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Paychex Inc (PAYX) | $3.88 Billion | 22.58% | 3.26x | $29.73 Billion |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |