Company / Goodwill
Paychex Goodwill History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Goodwill
$4.5B
FY2025
5-year range
$1.8B / $4.5B
FY2021-FY2025
Trend
+139.8%
vs FY2024
Sector context
#45 of 326
Industrials
What the data says
Paychex's goodwill of $4.5B is higher than 86% of companies in the Industrials sector (FY2025). Goodwill has increased for 5 consecutive years, from $1.8B in FY2020 to $4.5B in FY2025.
Based on SEC 10-K filings.
$4.5B in FY2025 with a 5-year CAGR of +20.4%. Top quartile in the Industrials sector.
Improved from $1.8B to $4.5B over the past 2 years.
Industrials sector context is included.
Goodwill over time
Growth rates
- 3-Year CAGR
- +35.1%
- 5-Year CAGR
- +20.4%
- 10-Year CAGR
- -
Sector benchmark
Top 14% in IndustrialsTop 14% of 326This company $4.5B Sector average $2.3B
▼
+98.1% above sector average
Key checks
Key Insights
- Paychex's goodwill has grown for 5 consecutive years.
- 5-year CAGR of +20.4%, indicating consistent growth.
- In FY2025, goodwill increased 139.8% year-over-year.
- Ranks #45 out of 326 companies in the Industrials sector.
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 | GoodwillValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $4.5B | +139.8% |
| FY2024 | $1.9B | +2.7% |
| FY2023 | $1.8B | +0.1% |
| FY2022 | $1.8B | +0.6% |
| FY2021 | $1.8B | +2.1% |
| FY2020 | $1.8B | +0.0% |
| FY2019 | $1.8B | +119.0% |
| FY2018 | $814.0M | +23.9% |
| FY2017 | $657.1M | +0.0% |
| FY2016 | $657.1M | +17.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026