Free Cash Flow for Paychex (PAYX)
Free Cash Flow for Paychex (PAYX): headline value $2.15B · YoY +1.3%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
PAYX
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.15B
YoY change
+1.3%
5Y CAGR
+6.0%
Peak year (2025)
$1.76B
Latest annual
$1.76B
Free Cash Flow history chart for Paychex (PAYX) from 1990 to 2025
Free Cash Flow history table for Paychex (PAYX) from 1990 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $1.76B | +1.3% | ||
| 2024 | $1.74B | +11.6% | ||
| 2023 | $1.56B | +13.4% | ||
| 2022 | $1.37B | +19.8% | ||
| 2021 | $1.15B | -12.8% | ||
| 2020 | $1.31B | +12.7% | ||
| 2019 | $1.17B | +3.9% | ||
| 2018 | $1.12B | +29.6% | ||
| 2017 | $866.10M | -5.9% | ||
| 2016 | $920.50M | +16.2% | ||
| 2015 | $792.40M | -0.6% | ||
| 2014 | $796.80M | +38.2% | ||
| 2013 | $576.60M | -6.5% | ||
| 2012 | $617.00M | +0.8% | ||
| 2011 | $612.00M | +11.3% | ||
| 2010 | $549.66M | -11.9% | ||
| 2009 | $624.06M | -2.9% | ||
| 2008 | $642.38M | +16.3% | ||
| 2007 | $552.21M | +13.1% | ||
| 2006 | $488.09M | +22.9% | ||
| 2005 | $397.17M | +17.0% | ||
| 2004 | $339.52M | +8.3% | ||
| 2003 | $313.50M | +25.7% | ||
| 2002 | $249.44M | -3.9% | ||
| 2001 | $259.69M | +20.1% | ||
| 2000 | $216.14M | +42.2% | ||
| 1999 | $152.00M | +40.0% | ||
| 1998 | $108.60M | +29.6% | ||
| 1997 | $83.80M | +95.3% | ||
| 1996 | $42.90M | +19.8% | ||
| 1995 | $35.80M | +56.3% | ||
| 1994 | $22.90M | +10.6% | ||
| 1993 | $20.70M | +93.5% | ||
| 1992 | $10.70M | -729.4% | ||
| 1991 | -$1.70M | +88.9% | ||
| 1990 | -$900,000 | — |
Free Cash Flow 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
The 2025 reading of Paychex (PAYX) free cash flow is $1.76B – edged up 1.3% year-over-year.
Paychex free cash flow has grown for 4 consecutive years, with a +6.0% compound annual growth rate over 2020–2025 (5 years).
The dataset's maximum free cash flow sits at $1.76B (2025); the minimum reading of -$1.70M dates to 1991.
Paychex (PAYX) sits 8th of 8 Industrials peers we track on this metric, against a peer median of $5.45B.
Paychex Free Cash Flow by Year
Paychex Free Cash Flow 2025: $1.76B
Paychex free cash flow in 2025 was $1.76B, edged up 1.3% from 2024. This figure represents the highest annual value in the available history.
Paychex Free Cash Flow 2024: $1.74B
Paychex free cash flow in 2024 was $1.74B, grew 11.6% from 2023.
Paychex Free Cash Flow 2023: $1.56B
Paychex free cash flow in 2023 was $1.56B, grew 13.4% from 2022.
Paychex Free Cash Flow 2022: $1.37B
Paychex free cash flow in 2022 was $1.37B, grew 19.8% from 2021.
Paychex Free Cash Flow 2021: $1.15B
Paychex free cash flow in 2021 was $1.15B.
See more financial history for Paychex (PAYX).
Sector peers — Free Cash Flow
Companies in the same sector as Paychex, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $10.27B | Industrials |
| RTX Corporation (RTX) | $7.94B | Industrials |
| GE Aerospace (GE) | $7.26B | Industrials |
| Union Pacific Corporation (UNP) | $5.50B | Industrials |
| Honeywell International Inc. (HON) | $5.39B | Industrials |
| Eaton Corporation plc (ETN) | $4.47B | Industrials |
| Deere & Company (DE) | $3.23B | Industrials |
| The Boeing Company (BA) | -$1.88B | Industrials |
Frequently asked questions
What is Paychex's free cash flow?
Latest reported free cash flow for Paychex (PAYX) is $2.15B (period ending February 28, 2026).
How has Paychex free cash flow changed year-over-year?
Paychex (PAYX) free cash flow changed +1.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Paychex free cash flow?
Paychex (PAYX) free cash flow compound annual growth rate is +6.0% over the most recent 5 years available.
When did Paychex free cash flow hit its highest annual value?
Paychex free cash flow reached its highest annual value of $1.76B in 2025.
What was Paychex free cash flow in 2024?
Paychex (PAYX) free cash flow in 2024 was $1.74B.
What was Paychex free cash flow in 2025?
Paychex (PAYX) free cash flow in 2025 was $1.76B.
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