Buyback yield (TTM)
1.07%
Shareholder yield (TTM)
5.69%
5Y share count change
0.3%
Buyback spend (TTM)
$361.60M
Cumulative buybacks
$2.65B
Key takeaways
- Paychex (PAYX) repurchased about $361.60M of stock over the trailing twelve months.
- Diluted share count is roughly flat (0.3%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- TTM buyback ÷ stock-based-comp ratio of 4.37× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -9.5% per year over the latest 5-year window.
- TTM repurchases used about 61% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Paychex (PAYX)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Paychex (PAYX)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Paychex (PAYX)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Paychex (PAYX)
Latest: $104.50M
Overview
In 2025, Paychex (PAYX) buyback spend totalled $104.50M – plunged 38.2% year-over-year.
Over 2020–2025 (5 years), Paychex buyback spend expanded at a -9.5% compound annual rate, with a net decline across the window.
Between 2008 and 2025, Paychex buyback spend plunged 89.5%, falling from $1000.00M to $104.50M.
The highest annual buyback spend of $1000.00M was reported in 2008. The lowest in the available history was $0.00 in 1990.
Paychex Buyback Spend 2025: $104.50M
2025's buyback spend for Paychex came in at $104.50M, plunged 38.2% below 2024.
Paychex Buyback Spend 2024: $169.20M
Paychex buyback spend in 2024 was $169.20M.
Paychex Buyback Spend 2023: $0.00
In 2023, Paychex reported buyback spend of $0.00, plunged 100.0% below 2022.
Paychex Buyback Spend 2022: $145.20M
Paychex buyback spend in 2022 was $145.20M, declined 6.7% below 2021.
Paychex Buyback Spend 2021: $155.70M
Paychex buyback spend in 2021 was $155.70M.
See more financial history for Paychex (PAYX).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $104.50M | $111.80M | −$7.30M | 0.18% | 0.36B | -0.0% | |
| 2024 | $169.20M | $61.10M | $108.10M | 0.39% | 0.36B | -0.1% | |
| 2023 | $0.00 | $62.60M | −$62.60M | — | 0.36B | -0.2% | |
| 2022 | $145.20M | $52.80M | $92.40M | 0.32% | 0.36B | +0.3% | |
| 2021 | $155.70M | $52.50M | $103.20M | 0.43% | 0.36B | +0.3% | |
| 2020 | $171.90M | $47.40M | $124.50M | 0.67% | 0.36B | -0.2% | |
| 2019 | $56.90M | $46.20M | $10.70M | 0.18% | 0.36B | +0.1% | |
| 2018 | $143.10M | $44.60M | $98.50M | 0.61% | 0.36B | -0.3% | |
| 2017 | $166.20M | $35.40M | $130.80M | 0.78% | 0.36B | +0.0% | |
| 2016 | $107.90M | $34.60M | $73.30M | 0.55% | 0.36B | -0.6% | |
| 2015 | $182.40M | $31.40M | $151.00M | 1.02% | 0.36B | -0.4% | |
| 2014 | $249.70M | $26.30M | $223.40M | 1.67% | 0.37B | +0.4% | |
| 2013 | $0.00 | $22.80M | −$22.80M | — | 0.36B | +0.5% | |
| 2012 | $0.00 | $22.90M | −$22.90M | — | 0.36B | +0.2% | |
| 2011 | $0.00 | $24.80M | −$24.80M | — | 0.36B | +0.2% | |
| 2010 | $0.00 | $25.58M | −$25.58M | — | 0.36B | +0.2% | |
| 2009 | $0.00 | $25.71M | −$25.71M | — | 0.36B | -2.3% | |
| 2008 | $1000.00M | $0.00 | $1000.00M | 8.03% | 0.37B | -3.5% | |
| 2007 | $0.00 | $0.00 | $0.00 | — | 0.38B | +0.4% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.38B | +0.4% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.38B | +0.3% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.38B | +0.2% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.38B | +0.0% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.38B | +0.1% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.38B | +0.6% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.38B | +1.4% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.37B | +0.7% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.37B | +0.3% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.37B | +5.3% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.35B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$104.50M
- 2024$169.20M
- 2023$0.00
- 2022$145.20M
- 2021$155.70M
- 2020$171.90M
- 2019$56.90M
- 2018$143.10M
- 2017$166.20M
- 2016$107.90M
- 2015$182.40M
- 2014$249.70M
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$1000.00M
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
Buybacks vs stock-based compensation for Paychex (PAYX)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 4.37×.
Buybacks vs dividends (share of cash returned) for Paychex (PAYX)
How Paychex splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Paychex, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $2.68B | |
| $1.86B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.86B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $597.40M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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