$PAYX
PAYCHEX INC Stock $payx

$payx Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-K Financial Statement

#000095017024082958 Filed on July 11, 2024

Income Statement

Concept	2024 Q2	2024
Revenue	$1.295B	$5.278B
YoY Change	5.33%	5.42%
Cost Of Revenue		$1.479B
YoY Change		1.81%
Gross Profit		$3.799B
YoY Change		6.89%
Gross Profit Margin		71.97%
Selling, General & Admin	$440.9M	$1.625B
YoY Change	-4.05%	-8.85%
% of Gross Profit		42.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$45.60M	$176.5M
YoY Change	3.4%	-0.06%
% of Gross Profit		4.65%
Operating Expenses	$813.3M	$3.104B
YoY Change	4.77%	4.38%
Operating Profit		$2.174B
YoY Change		6.94%
Interest Expense	$9.500M	$37.30M
YoY Change	-2000.0%	1334.62%
% of Operating Profit		1.72%
Other Income/Expense, Net	$10.00M	$43.90M
YoY Change	-7.41%	251.2%
Pretax Income	$491.8M	$2.218B
YoY Change	6.08%	8.29%
Income Tax	$111.9M	$527.6M
% Of Pretax Income	22.75%	23.79%
Net Earnings	$379.9M	$1.690B
YoY Change	8.42%	8.55%
Net Earnings / Revenue	29.33%	32.03%
Basic Earnings Per Share		$4.69
Diluted Earnings Per Share	$1.05	$4.67
COMMON SHARES
Basic Shares Outstanding	360.1M	360.3M
Diluted Shares Outstanding		362.1M

Balance Sheet

Concept	2024 Q2	2024
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.503B	$1.503B
YoY Change	-5.8%	-5.8%
Cash & Equivalents	$1.469B	$1.469B
Short-Term Investments	$33.90M	$33.90M
Other Short-Term Assets	$4.123B	$4.123B
YoY Change	-8.5%	-8.5%
Inventory
Prepaid Expenses
Receivables	$1.602B	$1.602B
Other Receivables	$23.30M	$23.30M
Total Short-Term Assets	$7.252B	$7.252B
YoY Change	-3.67%	-3.67%
LONG-TERM ASSETS
Property, Plant & Equipment	$458.6M	$458.6M
YoY Change	0.17%	0.17%
Goodwill	$1.883B
YoY Change	2.66%
Intangibles	$194.5M
YoY Change	3.79%
Long-Term Investments	$3.700M	$3.700M
YoY Change	-2.63%	-2.63%
Other Assets	$592.1M	$592.1M
YoY Change	10.61%	10.61%
Total Long-Term Assets	$3.132B	$3.132B
YoY Change	3.75%	3.75%
TOTAL ASSETS
Total Short-Term Assets	$7.252B	$7.252B
Total Long-Term Assets	$3.132B	$3.132B
Total Assets	$10.38B	$10.38B
YoY Change	-1.55%	-1.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$104.3M	$104.3M
YoY Change	23.14%	23.14%
Accrued Expenses	$797.4M	$797.4M
YoY Change	-18.11%	-19.79%
Deferred Revenue	$50.20M
YoY Change	6.13%
Short-Term Debt	$18.70M	$18.70M
YoY Change	83.33%	83.33%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.309B	$5.309B
YoY Change	-8.55%	-8.55%
LONG-TERM LIABILITIES
Long-Term Debt	$798.6M	$798.6M
YoY Change	0.05%	0.05%
Other Long-Term Liabilities	$388.4M	$388.4M
YoY Change	15.08%	15.08%
Total Long-Term Liabilities	$1.187B	$1.187B
YoY Change	4.52%	4.52%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.309B	$5.309B
Total Long-Term Liabilities	$1.187B	$1.187B
Total Liabilities	$6.582B	$6.582B
YoY Change	-6.68%	-6.68%
SHAREHOLDERS EQUITY
Retained Earnings	$2.213B
YoY Change	9.39%
Common Stock	$1.733B
YoY Change	6.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.801B	$3.801B
YoY Change
Total Liabilities & Shareholders Equity	$10.38B	$10.38B
YoY Change	-1.55%	-1.55%

Cashflow Statement

Concept	2024 Q2	2024
OPERATING ACTIVITIES
Net Income	$379.9M	$1.690B
YoY Change	8.42%	8.55%
Depreciation, Depletion And Amortization	$45.60M	$176.5M
YoY Change	3.4%	-0.06%
Cash From Operating Activities	$221.7M	$1.898B
YoY Change	-45.83%	11.67%
INVESTING ACTIVITIES
Capital Expenditures	$45.60M	$191.5M
YoY Change	1.79%	24.84%
Acquisitions		$208.3M
YoY Change		7614.81%
Other Investing Activities	-$97.50M	-$69.40M
YoY Change	-1.61%	-118.66%
Cash From Investing Activities	-$143.1M	-$260.9M
YoY Change	-0.56%	-219.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00	-$169.2M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-2.715B	-1.875B
YoY Change	450.72%	163.52%
NET CHANGE
Cash From Operating Activities	221.7M	1.898B
Cash From Investing Activities	-143.1M	-260.9M
Cash From Financing Activities	-2.715B	-1.875B
Net Change In Cash	-2.636B	-237.9M
YoY Change	1058.64%	-119.72%
FREE CASH FLOW
Cash From Operating Activities	$221.7M	$1.898B
Capital Expenditures	$45.60M	$191.5M
Free Cash Flow	$176.1M	$1.706B
YoY Change	-51.69%	10.36%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2024	dei	Amendment Flag AmendmentFlag	false
CY2024	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--05-31
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CY2024	dei	Document Period End Date DocumentPeriodEndDate	2024-05-31
CY2024	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024	dei	Document Transition Report DocumentTransitionReport	false
CY2024	dei	Entity File Number EntityFileNumber	0-11330
CY2024	dei	Entity Registrant Name EntityRegistrantName	Paychex, Inc.
CY2024	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
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CY2022	us-gaap	Interest Expense InterestExpense	36600000
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CY2024	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	16-1124166
CY2024	dei	Entity Address Address Line1 EntityAddressAddressLine1	911 Panorama Trail South
CY2024	dei	Entity Address City Or Town EntityAddressCityOrTown	Rochester
CY2024	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
CY2024	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	14625-2396
CY2024	dei	City Area Code CityAreaCode	585
CY2024	dei	Local Phone Number LocalPhoneNumber	385-6666
CY2024	dei	Security12b Title Security12bTitle	Common Stock, $0.01 par value
CY2024	dei	Trading Symbol TradingSymbol	PAYX
CY2024	dei	Security Exchange Name SecurityExchangeName	NASDAQ
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CY2024	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
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CY2024	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
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CY2023Q2	us-gaap	Available For Sale Securities Debt Securities Noncurrent AvailableForSaleSecuritiesDebtSecuritiesNoncurrent	3800000
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CY2023Q2	us-gaap	Liabilities Liabilities	7053200000
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CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	600000000
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CY2022	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	2.77
CY2022	us-gaap	Dividends Common Stock DividendsCommonStock	1000100000
CY2022	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	145200000
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	52800000
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CY2024	us-gaap	Debt Securities Available For Sale Unrealized Gain Loss DebtSecuritiesAvailableForSaleUnrealizedGainLoss	-162500000
CY2023	us-gaap	Debt Securities Available For Sale Unrealized Gain Loss DebtSecuritiesAvailableForSaleUnrealizedGainLoss	-175300000
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CY2023Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Number Of Positions DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions	967
CY2022	payx	Stock Issued During Period Value Share Based Compensation1 StockIssuedDuringPeriodValueShareBasedCompensation1	22600000
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	3085200000
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CY2023	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	-12200000
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CY2023	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	-2500000
CY2023	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	-7400000
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CY2023	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	62600000
CY2023	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	3200000
CY2023	payx	Stock Issued During Period Value Share Based Compensation1 StockIssuedDuringPeriodValueShareBasedCompensation1	-10400000
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	3493200000
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CY2024	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	2600000
CY2024	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	7600000
CY2024	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	-700000
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CY2024	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	3.65
CY2024	us-gaap	Dividends Common Stock DividendsCommonStock	1315400000
CY2024	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	169200000
CY2024	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	61100000
CY2024	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	5200000
CY2024	payx	Stock Issued During Period Value Share Based Compensation1 StockIssuedDuringPeriodValueShareBasedCompensation1	26100000
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	3801000000
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CY2022	us-gaap	Profit Loss ProfitLoss	1392800000
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CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	176600000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	191800000
CY2024	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	7000000
CY2023	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-18200000
CY2022	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-28900000
CY2024	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	231700000
CY2023	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	219100000
CY2022	us-gaap	Capitalized Contract Cost Amortization CapitalizedContractCostAmortization	202100000
CY2024	us-gaap	Share Based Compensation ShareBasedCompensation	61100000
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	62600000
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	52800000
CY2024	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-29800000
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-44000000
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2300000
CY2024	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	19800000
CY2023	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	17700000
CY2024Q2	payx	Available For Sale Securities In Unrealized Loss Positions Percentage AvailableForSaleSecuritiesInUnrealizedLossPositionsPercentage	0.95
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CY2024Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	23000000
CY2024Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	1068900000
CY2024Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	141200000
CY2024Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	2102700000
CY2024Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	164200000
CY2024Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	3171600000
CY2023Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	15200000
CY2023Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	992500000
CY2023Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	164200000
CY2023Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	1752900000
CY2023Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	179400000
CY2023Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	2745400000
CY2024Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	164200000
CY2023	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	100000
CY2022	us-gaap	Debt Securities Available For Sale Realized Gain DebtSecuritiesAvailableForSaleRealizedGain	200000
CY2024	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	2600000
CY2023	us-gaap	Debt Securities Available For Sale Realized Loss DebtSecuritiesAvailableForSaleRealizedLoss	9900000
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CY2023	us-gaap	Debt Securities Available For Sale Realized Gain Loss DebtSecuritiesAvailableForSaleRealizedGainLoss	-9800000
CY2022	us-gaap	Debt Securities Available For Sale Realized Gain Loss DebtSecuritiesAvailableForSaleRealizedGainLoss	200000
CY2024Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	211000000
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CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	10500000
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CY2023	us-gaap	Debt Securities Available For Sale Realized Gain Loss DebtSecuritiesAvailableForSaleRealizedGainLoss	-9800000
CY2022	us-gaap	Debt Securities Available For Sale Realized Gain Loss DebtSecuritiesAvailableForSaleRealizedGainLoss	200000
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CY2023	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-1300000
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CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	135700000
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	154100000
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CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	17800000
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	7700000
CY2024	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-127000000
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CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	113100000
CY2024	us-gaap	Increase Decrease In Deferred Charges IncreaseDecreaseInDeferredCharges	244900000
CY2023	us-gaap	Increase Decrease In Deferred Charges IncreaseDecreaseInDeferredCharges	269400000
CY2022	us-gaap	Increase Decrease In Deferred Charges IncreaseDecreaseInDeferredCharges	267100000
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CY2022	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-25900000
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CY2023	payx	Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet	4300000
CY2022	payx	Increase Decrease In Operating Lease Right Of Use Assets And Liabilities Net IncreaseDecreaseInOperatingLeaseRightOfUseAssetsAndLiabilitiesNet	3900000
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CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1706200000
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CY2023	us-gaap	Payments To Acquire Available For Sale Securities Debt PaymentsToAcquireAvailableForSaleSecuritiesDebt	14585300000
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CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	143000000
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CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	145200000
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CY2023	payx	Equity Activity Related To Stock Based Awards EquityActivityRelatedToStockBasedAwards	-10400000
CY2022	payx	Equity Activity Related To Stock Based Awards EquityActivityRelatedToStockBasedAwards	22600000
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CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-711400000
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-979300000
CY2024	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-237900000
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1206500000
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-894700000
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2134900000
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	928400000
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1823100000
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1897000000
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2134900000
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	928400000
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1468900000
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1222000000
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	370000000
CY2024Q2	us-gaap	Restricted Cash RestrictedCash	47800000
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	49800000
CY2022Q2	us-gaap	Restricted Cash RestrictedCash	75800000
CY2024Q2	payx	Restricted Cash And Restricted Cash Equivalents Included In Funds Held For Clients RestrictedCashAndRestrictedCashEquivalentsIncludedInFundsHeldForClients	380300000
CY2023Q2	payx	Restricted Cash And Restricted Cash Equivalents Included In Funds Held For Clients RestrictedCashAndRestrictedCashEquivalentsIncludedInFundsHeldForClients	863100000
CY2022Q2	payx	Restricted Cash And Restricted Cash Equivalents Included In Funds Held For Clients RestrictedCashAndRestrictedCashEquivalentsIncludedInFundsHeldForClients	482600000
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1897000000
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2134900000
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	928400000
CY2024	us-gaap	Nature Of Operations NatureOfOperations	<p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Description of business:</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> Paychex, Inc. and its wholly owned subsidiaries (collectively, the “Company” or “Paychex”) is an industry-leading human capital management (“HCM”) company delivering a full suite of technology and advisory services in human resources (“HR”), employee benefit solutions, insurance and payroll for small- to medium-sized businesses and their employees in the United States (“U.S.”) and parts of Europe. The Company also has operations in India.</span></p><p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Paychex, a Delaware corporation formed i</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">n 1979, reports as </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">one</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> segment. Substantially all of the Company’s revenue is generated within the U.S. Approximately </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">1</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of the Company’s total revenue was generated within Europe for each of the fiscal years ended </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">May 31, 2024 (“fiscal 2024”), May 31, 2023 (“fiscal 2023”), and May 31, 2022 (“fiscal 2022</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">”). Long-lived assets in Europe were approximately </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">6</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total long-lived assets of the Company as of </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">May 31, 2024 and 2023</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">. Long-lived assets in India were less than </span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">1</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">% of total long-lived assets of the Company as of </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">May 31, 2024 and 2023.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company's offers a full range of integrated HCM solutions covering the employee life cycle for businesses and their employees. Clients may choose from a breadth of solutions that also allow integration with some of the most popular HR, accounting, point-of-sale, and productivity applications on the market today. Paychex’s offerings often leverage the information gathered in its base payroll processing service, allowing the Company to provide comprehensive outsourcing services covering the HCM spectrum.</span></p><p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Paychex supports its small business clients by utilizing its proprietary, robust, software as a service (“SaaS”) Paychex Flex</span><span style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.7pt;font-family:Times New Roman;min-width:fit-content;">®</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> platform and the Company’s SurePayroll</span><span style="color:#000000;white-space:pre-wrap;vertical-align:super;font-size:6.7pt;font-family:Times New Roman;min-width:fit-content;">®</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> SaaS-based solutions. Both solutions allow users to process payroll when they want, how they want, and on any type of device (desktop, tablet, and mobile phone). Paychex’s medium-sized clients generally have more complex payroll and employee benefit needs and can opt for an integrated suite of HCM solutions, which allows them to choose the services and software that will meet the needs of their businesses.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Total revenue is comprised of service revenue and interest on funds held for clients. Service revenue is comprised primarily of the fees earned on the portfolio of HCM services, which include payroll processing, complementary HR management and administration services, professional employer organization (“PEO”) solutions, and insurance agency commissions. Refer to Note B of this Item 8 for further discussion of the Company’s service revenue.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p>
CY2024	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1
CY2024	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Reclassifications:</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported consolidated earnings.</span></p>
CY2023	payx	Revision Decreased Net Cash Provided By Investing Activities RevisionDecreasedNetCashProvidedByInvestingActivities	6800000
CY2023	payx	Revision Increased Net Cash Provided By Operating Activities RevisionIncreasedNetCashProvidedByOperatingActivities	6800000
CY2022	payx	Revision Decreased Net Cash Provided By Investing Activities RevisionDecreasedNetCashProvidedByInvestingActivities	84200000
CY2022	payx	Revision Increased Net Cash Provided By Operating Activities RevisionIncreasedNetCashProvidedByOperatingActivities	84200000
CY2024Q2	payx	Available For Sale Securities Debt Maturities After Year One Through Year Three Amortized Cost Basis AvailableForSaleSecuritiesDebtMaturitiesAfterYearOneThroughYearThreeAmortizedCostBasis	1439400000
CY2024Q2	payx	Available For Sale Securities Debt Maturities After Year One Through Year Three Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterYearOneThroughYearThreeFairValue	1365200000
CY2024Q2	payx	Available For Sale Securities Debt Maturities After Year Three Through Year Five Amortized Cost Basis AvailableForSaleSecuritiesDebtMaturitiesAfterYearThreeThroughYearFiveAmortizedCostBasis	1452800000
CY2024Q2	payx	Available For Sale Securities Debt Maturities After Year Three Through Year Five Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterYearThreeThroughYearFiveFairValue	1377200000
CY2024Q2	payx	Available For Sale Securities Debt Maturities After Five Years Amortized Cost Basis AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsAmortizedCostBasis	388900000
CY2024Q2	payx	Available For Sale Securities Debt Maturities After Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveYearsFairValue	380100000
CY2024Q2	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	3492100000
CY2024Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	3329600000
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	21300000
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	20500000
CY2024Q2	payx	Advance Collections Current AdvanceCollectionsCurrent	700000
CY2023Q2	payx	Advance Collections Current AdvanceCollectionsCurrent	12500000
CY2024	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentrations:</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> Substantially all the Company’s deposited cash is maintained at large well-capitalized (as defined by their regulators) financial institutions. These deposits may exceed the amount of any insurance provided. All the Company’s deliverable securities are held in custody with certain of the aforementioned financial institutions, for which that institution bears the risk of custodial loss. Non-deliverable securities are primarily time deposits and money market funds.</span></p>
CY2024Q2	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	417800000
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2024	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2024	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0
CY2023	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0
CY2022	us-gaap	Impairment Of Intangible Assets Indefinitelived Excluding Goodwill ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill	0
CY2023	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0
CY2022	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0
CY2024	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0
CY2024Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	3329600000
CY2024Q2	us-gaap	Other Assets Fair Value Disclosure OtherAssetsFairValueDisclosure	33900000
CY2024Q2	us-gaap	Other Liabilities Fair Value Disclosure OtherLiabilitiesFairValueDisclosure	33900000
CY2024	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	0
CY2023	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	0
CY2022	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	0
CY2023	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0
CY2022	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0
CY2024	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0
CY2024Q2	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	74100000
CY2023Q2	us-gaap	Workers Compensation Liability Current WorkersCompensationLiabilityCurrent	64300000
CY2024Q2	us-gaap	Workers Compensation Liability Noncurrent WorkersCompensationLiabilityNoncurrent	144500000
CY2023Q2	us-gaap	Workers Compensation Liability Noncurrent WorkersCompensationLiabilityNoncurrent	131500000
CY2023	payx	Maximum Individual Claims Liability Health Insurance MaximumIndividualClaimsLiabilityHealthInsurance	500000
CY2024	payx	Maximum Individual Claims Liability Health Insurance MaximumIndividualClaimsLiabilityHealthInsurance	500000
CY2024Q2	payx	Peo Health Insurance Dental And Vision Plan Costs Current Liabilities PeoHealthInsuranceDentalAndVisionPlanCostsCurrentLiabilities	50600000
CY2023Q2	payx	Peo Health Insurance Dental And Vision Plan Costs Current Liabilities PeoHealthInsuranceDentalAndVisionPlanCostsCurrentLiabilities	47000000
CY2023	us-gaap	Operating Lease Impairment Loss OperatingLeaseImpairmentLoss	0
CY2022	us-gaap	Operating Lease Impairment Loss OperatingLeaseImpairmentLoss	0
CY2024	us-gaap	Operating Lease Impairment Loss OperatingLeaseImpairmentLoss	0
CY2024	us-gaap	Use Of Estimates UseOfEstimates	<p style="text-indent:4.4%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of estimates:</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates, judgments, and assumptions that affect reported amounts of assets, liabilities, revenue, and expenses during the reporting period. Actual amounts and results could differ from these estimates.</span></p>
CY2024	payx	Customer Contract Termination Notice Days CustomerContractTerminationNoticeDays	P30D
CY2023Q2	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	43800000
CY2023Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	3604600000
CY2023Q2	us-gaap	Other Assets Fair Value Disclosure OtherAssetsFairValueDisclosure	28300000
CY2023Q2	us-gaap	Other Liabilities Fair Value Disclosure OtherLiabilitiesFairValueDisclosure	28300000
CY2024	payx	Direct Pass Through Cost Payroll Wages And Taxes Including Federal And State Unemployment Insurance DirectPassThroughCostPayrollWagesAndTaxesIncludingFederalAndStateUnemploymentInsurance	27381500000
CY2023	payx	Direct Pass Through Cost Payroll Wages And Taxes Including Federal And State Unemployment Insurance DirectPassThroughCostPayrollWagesAndTaxesIncludingFederalAndStateUnemploymentInsurance	26025300000
CY2022	payx	Direct Pass Through Cost Payroll Wages And Taxes Including Federal And State Unemployment Insurance DirectPassThroughCostPayrollWagesAndTaxesIncludingFederalAndStateUnemploymentInsurance	24209300000
CY2024	payx	Direct Pass Through Cost State Unemployment Insurance DirectPassThroughCostStateUnemploymentInsurance	151800000
CY2023	payx	Direct Pass Through Cost State Unemployment Insurance DirectPassThroughCostStateUnemploymentInsurance	138200000
CY2022	payx	Direct Pass Through Cost State Unemployment Insurance DirectPassThroughCostStateUnemploymentInsurance	139100000
CY2024	payx	Direct Pass Through Cost Guaranteed Cost Benefit Plans DirectPassThroughCostGuaranteedCostBenefitPlans	660300000
CY2023	payx	Direct Pass Through Cost Guaranteed Cost Benefit Plans DirectPassThroughCostGuaranteedCostBenefitPlans	656300000
CY2022	payx	Direct Pass Through Cost Guaranteed Cost Benefit Plans DirectPassThroughCostGuaranteedCostBenefitPlans	641400000
CY2024	us-gaap	Revenue Performance Obligation Description Of Timing RevenuePerformanceObligationDescriptionOfTiming	the Company defers revenue associated with these performance obligations, which exceed one year, and subsequently recognizes them as future services are provided, over approximately three years to four years.
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	62000000
CY2022Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	48900000
CY2024	payx	Contract With Customer Liability Additions ContractWithCustomerLiabilityAdditions	46700000
CY2023	payx	Contract With Customer Liability Additions ContractWithCustomerLiabilityAdditions	42100000
CY2024	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	33800000
CY2023	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	29000000
CY2024Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	74900000
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	62000000
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	32500000
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	42400000
CY2024	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0
CY2023	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0
CY2022	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0
CY2024	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1690400000
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1557300000
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1392800000
CY2024	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	360300000
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	360400000
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	360600000
CY2024	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.69
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.32
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.86
CY2024	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1690400000
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1557300000
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1392800000
CY2024	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	360300000
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	360400000
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	360600000
CY2024	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1800000
CY2023	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1900000
CY2022	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2500000
CY2024	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	362100000
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	362300000
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	363100000
CY2024	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.67
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.3
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.84
CY2024	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	600000
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	700000
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	200000
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	46900000
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	61500000
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	19200000
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	20300000
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	49000000
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	57300000
CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y3M18D
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y8M12D
CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0323
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0221
CY2024	us-gaap	Operating Lease Cost OperatingLeaseCost	28700000
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	20800000
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	27200000
CY2024	us-gaap	Variable Lease Cost VariableLeaseCost	5800000
CY2023	us-gaap	Variable Lease Cost VariableLeaseCost	6200000
CY2022	us-gaap	Variable Lease Cost VariableLeaseCost	6900000
CY2024	us-gaap	Short Term Lease Cost ShortTermLeaseCost	0
CY2023	us-gaap	Short Term Lease Cost ShortTermLeaseCost	0
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	9700000
CY2024	us-gaap	Operating Lease Payments OperatingLeasePayments	20900000
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	21700000
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	32400000
CY2024	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	25800000
CY2023	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	17600000
CY2022	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	22700000
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$PAYX
PAYCHEX INC Stock $payx

2024 Q2 Form 10-K Financial Statement

#000095017024082958 Filed on July 11, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PAYX PAYCHEX INC Stock $payx

2024 Q2 Form 10-K Financial Statement

#000095017024082958 Filed on July 11, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PAYX
PAYCHEX INC Stock $payx