Short answer
Paychex (PAYX) filed its Q4 2025 10-Q quarterly report on Dec 22, 2025 for the quarter ended Nov 30, 2025. Quarterly revenue was $1.5B (up 17.4% year over year) with net income of $395M.
Q4 2025 key financials · XBRL
- Revenue
- $1.5B
- +17.4% YoY · +0.7% QoQ
- Net income
- $395M
- −4.4% YoY · +3.0% QoQ
- Operating margin
- 38.0%
- EPS (diluted)
- $1.10
- −3.5% YoY · +3.8% QoQ
Source: XBRL data from the Paychex (PAYX) Q4 2025 10-Q on SEC EDGAR. USD.
Paychex Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No profitability or margin figures reported
- 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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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