Paychex Inc (PAYX) — Tangible Net Worth Ratio
Paychex Inc (PAYX) has a Tangible Net Worth Ratio of 56.4% as of February 2026. This metric is calculated by deducting intangible assets ($1.75 Billion) from net assets ($4.01 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. See shareholders equity of Paychex Inc for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Paychex Inc Tangible Net Worth Ratio (1986–2025)
This chart shows how Paychex Inc's Tangible Net Worth Ratio has changed across 40 annual periods from 1986 to 2025. As of February 2026, the ratio stands at 56.4%, reflecting net assets of $4.01 Billion with intangible assets of $1.75 Billion USD. Also explore net asset growth rate of Paychex Inc to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Paychex Inc (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Paychex Inc from 1986 to 2025, covering 40 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. For the full company profile including market capitalisation, see market value of Paychex Inc.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (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 | — |