Capital Expenditures for Paychex (PAYX)
According to Paychex's latest reported financial statements, the company's current capital expenditures (TTM) is $229.50M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PAYX
Currently viewingCapital ExpendituresSwitch metric
Latest period
$229.50M
YoY change
+18.8%
5Y CAGR
+8.6%
Peak year (2025)
$191.80M
Cumulative capital expenditures
$2.66B
CapEx history chart for Paychex (PAYX) from 1990 to 2025
CapEx history table for Paychex (PAYX) from 1990 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $191.80M | +18.8% | ||
| 2024 | $161.40M | +12.9% | ||
| 2023 | $143.00M | +7.8% | ||
| 2022 | $132.60M | +15.7% | ||
| 2021 | $114.60M | -9.8% | ||
| 2020 | $127.00M | +2.6% | ||
| 2019 | $123.80M | -19.6% | ||
| 2018 | $154.00M | +63.3% | ||
| 2017 | $94.30M | -3.5% | ||
| 2016 | $97.70M | -5.0% | ||
| 2015 | $102.80M | +22.2% | ||
| 2014 | $84.10M | -14.8% | ||
| 2013 | $98.70M | +10.2% | ||
| 2012 | $89.60M | -13.3% | ||
| 2011 | $103.30M | +68.6% | ||
| 2010 | $61.26M | -5.3% | ||
| 2009 | $64.71M | -21.4% | ||
| 2008 | $82.29M | +4.1% | ||
| 2007 | $79.02M | -2.6% | ||
| 2006 | $81.14M | +14.8% | ||
| 2005 | $70.69M | +39.8% | ||
| 2004 | $50.56M | -16.0% | ||
| 2003 | $60.21M | +10.7% | ||
| 2002 | $54.38M | +20.2% | ||
| 2001 | $45.25M | +37.6% | ||
| 2000 | $32.89M | +48.8% | ||
| 1999 | $22.10M | -21.6% | ||
| 1998 | $28.20M | +56.7% | ||
| 1997 | $18.00M | +5.9% | ||
| 1996 | $17.00M | +38.2% | ||
| 1995 | $12.30M | +8.8% | ||
| 1994 | $11.30M | +29.9% | ||
| 1993 | $8.70M | -35.1% | ||
| 1992 | $13.40M | -23.0% | ||
| 1991 | $17.40M | +13.0% | ||
| 1990 | $15.40M | — |
CapEx values are taken from Paychex's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Paychex (PAYX) capital expenditures totalled $191.80M – grew 18.8% year-over-year.
Paychex capital expenditures has grown for 4 consecutive years, with a +8.6% compound annual growth rate over 2020–2025 (5 years).
2025 marks the peak capital expenditures at $191.80M, with the historical low of $8.70M recorded in 1993.
Paychex (PAYX) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $2.05B.
Paychex Capital Expenditures by Year
Paychex Capital Expenditures 2025: $191.80M
Paychex capital expenditures in 2025 was $191.80M, grew 18.8% from 2024. This figure represents the highest annual value in the available history.
Paychex Capital Expenditures 2024: $161.40M
Paychex capital expenditures in 2024 was $161.40M, grew 12.9% from 2023.
Paychex Capital Expenditures 2023: $143.00M
Paychex capital expenditures in 2023 was $143.00M, grew 7.8% from 2022.
Paychex Capital Expenditures 2022: $132.60M
Paychex capital expenditures in 2022 was $132.60M, grew 15.7% from 2021.
Paychex Capital Expenditures 2021: $114.60M
Paychex capital expenditures in 2021 was $114.60M.
See more financial history for Paychex (PAYX).
Sector peers — CapEx
Companies in the same sector as Paychex, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Deere & Company (DE) | $4.23B | Industrials |
| Union Pacific Corporation (UNP) | $3.79B | Industrials |
| The Boeing Company (BA) | $2.94B | Industrials |
| RTX Corporation (RTX) | $2.63B | Industrials |
| Caterpillar Inc. (CAT) | $1.47B | Industrials |
| GE Aerospace (GE) | $1.27B | Industrials |
| Honeywell International Inc. (HON) | $986.00M | Industrials |
| Eaton Corporation plc (ETN) | $0 | Industrials |
Frequently asked questions
What is Paychex's capital expenditures?
- Latest reported capital expenditures for Paychex (PAYX) is $229.50M (period ending February 28, 2026).
How has Paychex capital expenditures changed year-over-year?
- Paychex (PAYX) capital expenditures changed +18.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Paychex capital expenditures?
- Paychex (PAYX) capital expenditures compound annual growth rate is +8.6% over the most recent 5 years available.
When did Paychex capital expenditures hit its highest annual value?
- Paychex capital expenditures reached its highest annual value of $191.80M in 2025.
What was Paychex capital expenditures in 2024?
- Paychex (PAYX) capital expenditures in 2024 was $161.40M.
What was Paychex capital expenditures in 2025?
- Paychex (PAYX) capital expenditures in 2025 was $191.80M.
Metrics overview
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