Paychex (PAYX) Q4 2025 10-Q Quarterly Report

Filed: Dec 22, 2025Period ending Nov 30, 2025
Industrials
Services-Engineering, Accounting, Research, ManagementSEC EDGAR

Paychex (PAYX) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Dec 22, 2025 for the fiscal period ending Nov 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Paychex Q4 2025 10-Q Analysis

Management Discussion & Analysis

  • No quarterly revenue or YoY change data provided
  • No profitability or margin figures reported
  • No segment or product line performance details included
  • No changes in cash position, operating cash flow, or capital deployment disclosed
  • No management commentary on outlook, guidance, or headwinds available

Risk Factors

  • New liquidity risk from $172.9M irrevocable standby letters of credit expiring Dec 2025–Feb 2027, mainly for insurance commitments
  • Updated long-term debt profile with $5.0B total senior notes and bonds, fixed rates 4.07%-5.60%, maturities through April 2035
  • Regulatory risk related to maintaining compliance for corporate bond interest and principal payments adhering to senior note terms
  • Market risk from interest rate exposure on $4.2B fixed-rate corporate bonds issued at 5.10%-5.60% impacting interest expense
  • No outstanding amounts on letters of credit as of Nov 30, 2025, indicating minimal short-term liquidity strain from these commitments

Paychex Q4 2025 Quarterly Financials
XBRL

Revenue

$1.5B

+17.4% YoY +0.7% QoQ

Net Income

$395M

-4.4% YoY +3.0% QoQ

Operating Margin

38.0%

-397bp YoY +173bp QoQ

Net Margin

26.3%

-597bp YoY +59bp QoQ

ROE

10.2%

-34bp YoY

Total Assets

$16.5B

+56.5% YoY

EPS (Diluted)

$1.10

-3.5% YoY +3.8% QoQ

Operating Cash Flow

$445M

+50.8% YoY -38.1% QoQ

Source: XBRL data from Paychex Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

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