Paychex Inc (PAYX) — Tangible Net Worth Ratio
Paychex Inc (PAYX) has a Tangible Net Worth Ratio of 54.9% as of May 2026. This metric is calculated by deducting intangible assets ($1.68 Billion) from net assets ($3.74 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore PAYX net assets growth trend to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Paychex Inc Tangible Net Worth Ratio (1986–2026)
This chart shows how Paychex Inc's Tangible Net Worth Ratio has changed across 41 annual periods from 1986 to 2026. As of May 2026, the ratio stands at 54.9%, reflecting net assets of $3.74 Billion with intangible assets of $1.68 Billion USD. For live market cap and overall valuation, see Paychex Inc stock valuation.
Annual Tangible Net Worth Ratio for Paychex Inc (1986–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Paychex Inc from 1986 to 2026, covering 41 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore PAYX capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 54.9% | $3.74 Billion | $1.68 Billion | $16.17 Billion | ▲ +2.1 pp |
| 2025 | 52.8% | $4.13 Billion | $1.95 Billion | $16.56 Billion | ▼ -42.1 pp |
| 2024 | 94.9% | $3.80 Billion | $194.50 Million | $10.38 Billion | ▲ +0.2 pp |
| 2023 | 94.6% | $3.49 Billion | $187.40 Million | $10.55 Billion | ▲ +1.9 pp |
| 2022 | 92.7% | $3.09 Billion | $224.60 Million | $9.64 Billion | ▲ +2.1 pp |
| 2021 | 90.6% | $2.95 Billion | $275.80 Million | $9.23 Billion | ▲ +2.5 pp |
| 2020 | 88.1% | $2.78 Billion | $330.60 Million | $8.55 Billion | ▲ +3.3 pp |
| 2019 | 84.8% | $2.62 Billion | $399.10 Million | $8.68 Billion | ▼ -7.8 pp |
| 2018 | 92.6% | $1.91 Billion | $141.40 Million | $7.46 Billion | ▼ -4.5 pp |
| 2017 | 97.1% | $1.96 Billion | $57.60 Million | $6.83 Billion | ▲ +0.7 pp |
| 2016 | 96.4% | $1.91 Billion | $69.50 Million | $6.44 Billion | ▼ -1.8 pp |
| 2015 | 98.2% | $1.79 Billion | $32.40 Million | $6.48 Billion | ▲ +0.5 pp |
| 2014 | 97.7% | $1.78 Billion | $40.60 Million | $6.37 Billion | ▲ +0.3 pp |
| 2013 | 97.5% | $1.77 Billion | $45.20 Million | $6.16 Billion | ▲ +0.9 pp |
| 2012 | 96.5% | $1.60 Billion | $55.80 Million | $6.48 Billion | ▲ +1.7 pp |
| 2011 | 94.8% | $1.50 Billion | $77.20 Million | $5.39 Billion | ▼ -0.6 pp |
| 2010 | 95.5% | $1.40 Billion | $63.26 Million | $5.23 Billion | ▲ +1.2 pp |
| 2009 | 94.3% | $1.34 Billion | $76.64 Million | $5.13 Billion | ▲ +0.5 pp |
| 2008 | 93.8% | $1.20 Billion | $74.50 Million | $5.31 Billion | ▼ -2.8 pp |
| 2007 | 96.6% | $1.95 Billion | $67.21 Million | $6.25 Billion | ▲ +0.2 pp |
| 2006 | 96.3% | $1.65 Billion | $60.70 Million | $5.55 Billion | ▲ +30.8 pp |
| 2005 | 65.5% | $1.39 Billion | $477.45 Million | $4.38 Billion | ▲ +6.4 pp |
| 2004 | 59.1% | $1.20 Billion | $490.20 Million | $3.95 Billion | ▲ +4.8 pp |
| 2003 | 54.3% | $1.08 Billion | $492.05 Million | $3.69 Billion | ▼ -44.7 pp |
| 2002 | 99.0% | $923.98 Million | $9.04 Million | $2.95 Billion | ▲ +0.3 pp |
| 2001 | 98.7% | $757.84 Million | $9.61 Million | $2.91 Billion | ▼ -0.3 pp |
| 2000 | 99.0% | $563.43 Million | $5.58 Million | $2.46 Billion | ▼ -1.0 pp |
| 1999 | 100.0% | $435.80 Million | $0.00 | $1.87 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $329.60 Million | $0.00 | $1.55 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | $251.50 Million | $0.00 | $1.20 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $190.80 Million | $0.00 | $220.20 Million | ▲ +0.0 pp |
| 1995 | 100.0% | $139.90 Million | $0.00 | $168.40 Million | ▲ +0.0 pp |
| 1994 | 100.0% | $108.50 Million | $0.00 | $129.80 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $85.20 Million | $0.00 | $106.90 Million | ▲ +0.0 pp |
| 1992 | 100.0% | $67.40 Million | $0.00 | $86.20 Million | ▲ +0.0 pp |
| 1991 | 100.0% | $54.50 Million | $0.00 | $70.40 Million | ▲ +0.0 pp |
| 1990 | 100.0% | $47.20 Million | $0.00 | $62.10 Million | ▲ +0.0 pp |
| 1989 | 100.0% | $40.20 Million | $0.00 | $54.80 Million | ▲ +0.0 pp |
| 1988 | 100.0% | $31.50 Million | $0.00 | $42.50 Million | ▲ +0.0 pp |
| 1987 | 100.0% | $24.00 Million | $0.00 | $32.60 Million | ▲ +0.0 pp |
| 1986 | 100.0% | $18.60 Million | $0.00 | $26.50 Million | — |