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Paychex cash flow statement

In fiscal 2026, Paychex's operations generated $2.56bn of cash; it spent $235m on capital projects, leaving free cash flow of $2.32bn. It returned $1.59bn in dividends and $611m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010May 20102011May 20112012May 20122013May 20132014May 20142015May 20152016May 20162017May 20172018May 20182019May 20192020May 20202021May 20212022May 20222023May 20232024May 20242025May 20252026May 2026LTMAug 2026
Cash from operations6117157076758818951,0189601,2761,2721,4411,2601,5901,7061,8981,9012,5572,252
Depreciation and amortisation87899898105107115127138182210192192177177210443294
Stock-based pay2625232326313535454647535363611129689
Capital spending611019099841039894154124127118134143161192235235
Free cash flow5506156175777977929218661,1221,1481,3141,1421,4561,5631,7361,7092,3222,017
Free cash flow after stock pay5245905945547717618868311,0781,1021,2671,0891,4031,5011,6751,5972,2261,928
Dividends paid4494494614775115526076627408278899091,0001,1751,3151,4491,5901,625
Share buybacks——00250182108166143571721561450169105611451

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Paychex's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Paychex.