PAYX at a glance
Paychex (PAYX, SEC CIK 723531) filed its latest 10-K annual report on July 17, 2026, a 10-Q quarterly report on September 24, 2026, an 8-K current report on September 23, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended May 31, 2026 (FY2026), Paychex (PAYX) reported revenue of $6.3 billion (up 16.5% from FY2025) and net income of $1.8 billion. Diluted EPS was $4.89.
- As of June 30, 2026, 49 institutional investment managers tracked by SignalX reported holding Paychex (PAYX) shares worth $13.3 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Schrader Robert L. on July 20, 2026 of 2,600 shares at $115.09 per share.
- In the last 90 days, PAYX insiders reported 0 open-market purchases ($0) and 3 open-market sales ($3.4M) on Form 4, a net sale of $3.4M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $6.3B
- +16.5% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$3.4M
- 13F holders
- 49 funds
- $13.3B · +4 vs prior quarter
- Latest 8-K
- Sep 23, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended May 31, 2026
Business Overview
- Core business model: comprehensive technology and advisory human capital management (HCM) solutions spanning HR, payroll, benefits, and insurance
- New emphasis on AI-powered WISE engine with ~600 AI features, leveraging 26 trillion data points for autonomous execution and enhanced productivity
- Strategic shift: acquisition of Paycor HCM (April 2025) expanded presence upmarket, increased cross-sales, enhanced AI-driven HCM offerings
- Quantitative highlight: payroll client retention 82%-83%; workforce ~17,600 employees; processed $1.3 trillion payroll for 800,000 clients
- Noteworthy fact: recognized 15th consecutive year as one of the World's Most Ethical Companies by Ethisphere in 2026
Risk Factors
- Regulatory risk from SECURE Act 2.0 and OFAC sanctions, with potential civil/criminal penalties for non-compliance affecting payroll and benefits services
- Macroeconomic risk due to banking environment instability risking client bankruptcies and funding shortfalls, with 82-83% payroll client retention rate
- Supply chain vulnerability tied to reliance on third-party vendors for IT, cloud platforms, and banking services, risking operational interruptions and penalties
- Market disruption from competitors Automatic Data Processing and Intuit, requiring continuous AI/tech investments to maintain innovation and customer retention
- Financial risk from $4.2B corporate bonds issued in April 2025, leverage ratio capped at 3.5:1, with $2B unused credit facilities and $269.5M interest expense in fiscal 2026
Management Discussion & Analysis
- Revenue $6.51B, up 17% YoY from $5.57B, driven by Management Solutions up 20% to $4.87B and PEO and Insurance Solutions up 7% to $1.43B
- Operating income $2.51B, up 14% YoY; operating margin 38.6% vs 39.6% prior year; adjusted operating income $2.81B up 19%, adjusted margin 43.2% vs 42.5%
- Best performing segment: Management Solutions revenue $4.87B, +20% driven by Paycor acquisition; worst performing segment: PEO and Insurance Solutions revenue $1.43B, +7%
- Operating cash flow $2.56B, investing cash flow used $1.15B (vs. $3.36B prior year); financing cash used $2.65B including dividends $1.59B and 5.6 million shares repurchased at $108.81 average price
- Management outlook highlights continued investment in AI and technology, sustaining high customer retention (~82-83%), and potential risk from uncertain tax positions and variable cash flow impacting liquidity
AI summary of the PAYX 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Aug 31, 2026
Risk Factors
- $173.0 million standby letters of credit, primarily securing insurance commitments, with no amounts outstanding
- $4.2 billion fixed-rate corporate bonds, including $1.5 billion maturing April 15, 2030
- $9.7 million capital-asset purchase commitments as of August 31, 2026
- $40.5 million maximum venture-capital funding commitments, with $35.1 million contributed
- Self-insured PEO workers’ compensation deductibles creating claims-cost exposure
AI summary of the PAYX 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Fiscal Q1 2026 results covered the three months ended August 31, 2026
- Press release issued September 23, 2026, with financial details in Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q1 FY2027 revenue rose 6% to $1.63B, while GAAP EPS increased 14% to $1.21
- PEO and Insurance Solutions revenue grew 12% to $367.6M, prompting guidance increase to 7%-8% growth
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Kara Wilson will leave Paychex’s board after declining re-election at the 2026 annual meeting
- Board size will decrease from 11 to 10 directors following the meeting
Item 2.02: Results of Operations and Financial Condition
- Paychex reported fiscal 2026 fourth-quarter and full-year results for periods ended May 31, 2026
- Press release issued June 24, 2026, with detailed financial results attached as Exhibit 99.1
Item EX-99.1: Item EX-99.1
- Q4 revenue $1.6B, up 12%; adjusted EPS $1.32, up 11%, supported by Paycor integration and higher client balances
- Fiscal 2026 revenue $6.5B, up 17%; adjusted EPS $5.51, up 11%, with adjusted operating margin reaching 43.2%
AI summaries of PAYX 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PAYX
Don't miss the next PAYX filing
- Alerts as it files. A push when PAYX files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut PAYX, by share count.
- Ask anything. An AI agent that reads every PAYX filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| BERGSTROM RYAN NORMAN | F | Oct 1, 2026 | 1,393 | $100.84 |
| ANTE ADAM BROOKS | F | Oct 1, 2026 | 1,762 | $100.84 |
| GOLISANO B THOMAS | G | Sep 28, 2026 | 562,635 | $99.91 |
| GOLISANO B THOMAS | G | Sep 1, 2026 | 334 | $127.04 |
| Simmons Christopher C | F | Aug 14, 2026 | 130 | $122.02 |
| DOODY JOSEPH | J | Jul 20, 2026 | 164 | - |
| Schrader Robert L. | Sell | Jul 20, 2026 | 2,600 | $115.09 |
| DOODY JOSEPH | J | Jul 20, 2026 | 164 | - |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $5.4B | $6.3B |
| Operating Income | $2.2B | $2.2B | $2.5B |
| Net Income | $1.7B | $1.7B | $1.8B |
| Op. Margin | - | 40.8% | 39.8% |
| Net Margin | - | 30.6% | 27.9% |
| Balance Sheet | |||
| Total Assets | - | $16.6B | $16.2B |
| Equity | - | $4.1B | $3.7B |
| ROE | - | 40.1% | 47.1% |
| Per Share | |||
| EPS | - | $4.58 | $4.89 |
| Cash Flow | |||
| Operating CF | $1.9B | $1.9B | $2.6B |
| CapEx | $161.4M | $191.8M | $234.9M |
Source: XBRL data in Paychex (PAYX)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PAYX share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 49 | $13.35B |
| Q1 2026 | 45 | $12.35B |
| Q4 2025 | 46 | $15.38B |
| Q3 2025 | 50 | $16.88B |
| Q2 2025 | 45 | $18.77B |
| Q1 2025 | 48 | $15.59B |
| Q4 2024 | 45 | $11.76B |
| Q3 2024 | 34 | $6.79B |
- Morgan Stanley+1.24M (+23%)
- Millennium Management+1.19M (+105%)
- AQR Capital Management+1.13M (+124%)
- Goldman Sachs Group+660.2K (+17%)
- FMR LLC (Fidelity)+596.1K (+56%)
- Ameriprise Financial−1.62M (-81%)
- Renaissance Technologies LLC−947.7K (-81%)
- BlackRock−661.3K (-2%)
- Wells Fargo & Co−387.0K (-9%)
- Franklin Resources−382.2K (-50%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 362 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PAYX filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 30, 2026 | - | - | - |
| 10-Q | Sep 24, 2026 | Aug 31, 2026 | Analysis | |
| 8-K | Sep 23, 2026 | - | Analysis | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Jul 21, 2026 | - | - | - |
| 4 | Jul 21, 2026 | - | - | - |
| 8-K | Jul 21, 2026 | - | Analysis | - |
| 4 | Jul 21, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 10-K | Jul 17, 2026 | May 31, 2026 | Analysis | |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 17, 2026 | - | - | - |
| 4 | Jul 15, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 30, 2026 | - | - | - |
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PAYX SEC filings: frequently asked questions
Are PAYX insiders buying or selling?
In the last 90 days, Paychex (PAYX) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $3.4 million by 3 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PAYX stock?
As of June 30, 2026, the largest Paychex (PAYX) holders among the 13F filers tracked by SignalX were BlackRock ($2.7 billion), Vanguard Capital Management LLC ($2.1 billion), Vanguard Portfolio Management LLC ($1.5 billion), State Street Corp ($1.4 billion), Invesco Ltd ($1.3 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PAYX's revenue in fiscal year 2026?
For the fiscal year ended May 31, 2026 (FY2026), Paychex (PAYX) reported revenue of $6.3 billion (up 16.5% from FY2025) and net income of $1.8 billion. Diluted EPS was $4.89. The figures come from the XBRL data in the 10-K.
What are the main risks in PAYX's latest 10-K?
In the 10-K filed July 17, 2026, Paychex (PAYX) flagged: Regulatory risk from SECURE Act 2.0 and OFAC sanctions, with potential civil/criminal penalties for non-compliance affecting payroll and benefits services. Macroeconomic risk due to banking environment instability risking client bankruptcies and funding shortfalls, with 82-83% payroll client retention rate. (AI summary of the Risk Factors section.)
What did PAYX report in its latest 8-K?
Paychex (PAYX) filed an 8-K on September 23, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Fiscal Q1 2026 results covered the three months ended August 31, 2026.
What are the latest PAYX SEC filings?
Paychex (PAYX) filed its latest 10-K annual report on July 17, 2026, a 10-Q quarterly report on September 24, 2026, an 8-K current report on September 23, 2026 and a Form 4 insider filing on October 2, 2026.
What is PAYX's SEC CIK number?
Paychex (PAYX)'s SEC Central Index Key (CIK) is 723531. EDGAR lists every PAYX filing under that number.
Ask anything about PAYX
The research agent reads PAYX's filings, financials, insider trades and 13F holders, then answers with sources.