Company / Interest Expense
Paychex Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$37.3M
FY2023
5-year range
$36.6M / $37.3M
FY2019-FY2023
Trend
+1.6%
vs FY2022
Sector context
#56 of 113
Industrials
What the data says
At $37M, Paychex's interest expense ranks #58 of 113 in the Industrials sector. Interest Expense has increased for 3 consecutive years, from $4M in FY2020 to $37M in FY2023.
Based on SEC 10-K filings.
$37M in FY2023 with a 5-year CAGR of +16.2%.
Remained stable around $37M over the past 2 years.
Industrials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +112.3%
- 5-Year CAGR
- +16.2%
- 10-Year CAGR
- -
Sector benchmark
#58 of 113 in IndustrialsTop 50% of 113This company $37.3M Sector average $104.4M
▼
-64.3% below sector average
Key checks
Key Insights
- Paychex's interest expense has grown for 3 consecutive years.
- 5-year CAGR of +16.2%, indicating consistent growth.
- In FY2023, interest expense increased 1.6% year-over-year.
- Ranks #56 out of 113 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 | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $37.3M | +1.6% |
| FY2022 | $36.7M | +0.3% |
| FY2021 | $36.6M | +838.5% |
| FY2020 | $3.9M | -89.9% |
| FY2019 | $38.8M | +120.5% |
| FY2018 | $17.6M | +351.3% |
| FY2017 | $3.9M | +254.5% |
| FY2016 | $1.1M | +0.0% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026