Company / Income Tax
Paychex Income Tax History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$518.6M
FY2024
5-year range
$431.8M / $527.6M
FY2020-FY2024
Trend
-1.7%
vs FY2023
Sector context
#30 of 357
Industrials
What the data says
Among 357 Industrials companies, Paychex is in the bottom 8% for income tax. Income Tax has fluctuated over the past 9 years, ranging from $306M in FY2020 to $528M in FY2023.
Based on SEC 10-K filings.
$519M in FY2024 with a 5-year CAGR of +8.9%. Top quartile in the Industrials sector.
Increased from $491M to $519M over the past 2 years.
Industrials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- +6.3%
- 5-Year CAGR
- +8.9%
- 10-Year CAGR
- -
Sector benchmark
Bottom 8% in IndustrialsTop 92% of 357This company $518.6M Sector average $123.9M
▼
+318.5% above sector average
Key checks
Key Insights
- 5-year CAGR of +8.9%, indicating consistent growth.
- In FY2024, income tax decreased 1.7% year-over-year.
- Ranks #30 out of 357 companies in the Industrials sector.
- Peak income tax 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 | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $518.6M | -1.7% |
| FY2023 | $527.6M | +7.5% |
| FY2022 | $490.9M | +13.7% |
| FY2021 | $431.8M | +41.1% |
| FY2020 | $306.0M | -9.7% |
| FY2019 | $339.0M | +1.6% |
| FY2018 | $333.6M | +9.0% |
| FY2017 | $306.0M | -15.1% |
| FY2016 | $360.6M | -8.5% |
As of FY2024 · SEC 10-K · Updated Jun 30, 2026