Paychex, Inc.

Paychex, Inc.verified

PAYX

Price:

$141.39

Market Cap:

$50.91B

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementa...[Read more]

Industry

Staffing & Employment Services

IPO Date

1983-08-26

Stock Exchange

NASDAQ

Ticker

PAYX

The Current Ratio as of December 2024 (TTM) for Paychex, Inc. (PAYX) is 1.39

According to Paychex, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.39. This represents a change of 3.78% compared to the average of 1.34 of the last 4 quarters.

Paychex, Inc. (PAYX) Historical Current Ratio (quarterly & annually)

How has PAYX Current Ratio performed in the past?

The mean historical Current Ratio of Paychex, Inc. over the last ten years is 1.20. The current 1.39 Current Ratio has changed 11.51% with respect to the historical average. Over the past ten years (40 quarters), PAYX's Current Ratio was at its highest in in the November 2024 quarter at 1.39. The Current Ratio was at its lowest in in the November 2017 quarter at 1.09.

Quarterly (TTM)
Annual

Average

1.20

Median

1.20

Minimum

1.09

Maximum

1.37

Paychex, Inc. (PAYX) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Paychex, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 7.18%

Maximum Annual Current Ratio = 1.37

Minimum Annual Increase = -2.03%

Minimum Annual Current Ratio = 1.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.375.33%
20231.303.82%
20221.25-0.02%
20211.251.21%
20201.235.36%
20191.177.18%
20181.09-2.03%
20171.120.16%
20161.11-0.17%
20151.12-1.15%

Paychex, Inc. (PAYX) Average Current Ratio

How has PAYX Current Ratio performed in the past?

The current Current Ratio of Paychex, Inc. (PAYX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.30

5-year avg

1.28

10-year avg

1.20

Paychex, Inc. (PAYX) Current Ratio vs. Peers

How is PAYX’s Current Ratio compared to its peers?

Paychex, Inc.’s Current Ratio is less than Robert Half International Inc. (1.72), greater than ManpowerGroup Inc. (1.15), less than Upwork Inc. (3.18), greater than Insperity, Inc. (1.16), less than Korn Ferry (2.07), less than Kforce Inc. (2.06), less than Kelly Services, Inc. (1.61), less than Heidrick & Struggles International, Inc. (1.73), less than BGSF, Inc. (1.75), less than Hudson Global, Inc. (3.27), less than TrueBlue, Inc. (1.85),

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