Company / Free Cash Flow
Paychex Free Cash Flow History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$1.7B
FY2024
5-year range
$1.5B / $1.7B
FY2020-FY2024
Trend
-1.6%
vs FY2023
Sector context
#31 of 336
Industrials
What the data says
Among 336 Industrials companies, Paychex is in the top 9% for free cash flow. Free Cash Flow has fluctuated over the past 9 years, ranging from $797M in FY2016 to $1.7B in FY2023.
Based on SEC 10-K filings.
$1.7B in FY2024 with a 5-year CAGR of +5.4%. Top quartile in the Industrials sector.
Improved from $1.6B to $1.7B over the past 2 years.
Industrials sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +5.5%
- 5-Year CAGR
- +5.4%
- 10-Year CAGR
- -
Sector benchmark
Top 9% in IndustrialsTop 9% of 336This company $1.7B Sector average $628.9M
▼
+171.8% above sector average
Key checks
Key Insights
- 5-year CAGR of +5.4%, indicating consistent growth.
- In FY2024, free cash flow decreased 1.6% year-over-year.
- Ranks #31 out of 336 companies in the Industrials sector.
- Peak free cash flow was recorded in FY2023.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 0.34 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $1.7B | -1.6% |
| FY2023 | $1.7B | +11.1% |
| FY2022 | $1.6B | +7.4% |
| FY2021 | $1.5B | +29.7% |
| FY2020 | $1.1B | -14.6% |
| FY2019 | $1.3B | +14.5% |
| FY2018 | $1.1B | +2.3% |
| FY2017 | $1.1B | +40.9% |
| FY2016 | $796.8M | -13.4% |
As of FY2024 · SEC 10-K · Updated Jun 30, 2026