Paychex (PAYX) Asset Utilization Ratio (2009 - 2026)
Paychex's (PAYX) quarterly Asset Utilization Ratio came in at 0.39 in Q2 2026, down 3.59% year-over-year from 0.4 in Q2 2025, and up 3.86% quarter-over-quarter from 0.37 in Q1 2026.
Analysis
Paychex (PAYX) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Paychex has disclosed Asset Utilization Ratio across 18 years of filings, most recently posting 0.39 for Q2 2026.
- In Q2 2026, Asset Utilization Ratio fell 3.59% year-over-year to 0.39; the TTM figure through May 2026 stood at 0.39 (down 3.59% YoY), while the FY2026 annual figure was 0.4, down 3.8% from the prior year.
- Asset Utilization Ratio came in at 0.39 for Q2 2026 at Paychex, up from 0.37 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.53 in Q4 2022 to a low of 0.35 in Q3 2025.
- Average Asset Utilization Ratio over 5 years is 0.45, with a median of 0.45 recorded in 2022.
- The largest YoY upside for Asset Utilization Ratio was 20.16% in 2025 against a maximum downside of 31.48% in 2025.
- Over 5 years, Asset Utilization Ratio stood at 0.53 in 2022, then fell by 19.08% to 0.43 in 2023, then gained by 20.06% to 0.51 in 2024, then dropped by 28.74% to 0.36 in 2025, then gained by 6.31% to 0.39 in 2026.
- Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.39 in Q2 2026, 0.37 in Q1 2026, and 0.36 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Automatic Data Processing | 110.44 Bn | 106.21 Bn | 2.51 Bn | 0.34 |
| 2 | Paychex | 43.28 Bn | 42.14 Bn | 1.19 Bn | 0.39 |
| 3 | Paycom Software | 10.27 Bn | 10.07 Bn | 412.40 Mn | 0.43 |
| 4 | Paylocity Holding | 8.11 Bn | 7.84 Bn | 300.38 Mn | 0.34 |
| 5 | Kanzhun | 7.88 Bn | 5.57 Bn | 306.38 Mn | 0.33 |
| 6 | Alight | 393.98 Mn | 180.98 Mn | 142.00 Mn | 0.52 |
| 7 | Asure Software | 267.49 Mn | 247.81 Mn | 25.06 Mn | 0.31 |
| 8 | Dhi | 194.97 Mn | 191.20 Mn | 25.04 Mn | 0.65 |
| 9 | CXApp | 5.71 Mn | 5.71 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 0.39 |
| Feb 28, 2026 | 0.37 |
| Nov 30, 2025 | 0.36 |
| Aug 31, 2025 | 0.35 |
| May 31, 2025 | 0.40 |
| Feb 28, 2025 | 0.50 |
| Nov 30, 2024 | 0.51 |
| Aug 31, 2024 | 0.51 |
| May 31, 2024 | 0.45 |
| Feb 29, 2024 | 0.42 |
| Nov 30, 2023 | 0.43 |
| Aug 31, 2023 | 0.45 |
| May 31, 2023 | 0.47 |
| Feb 28, 2023 | 0.50 |
| Nov 30, 2022 | 0.53 |
| Aug 31, 2022 | 0.50 |
| May 31, 2022 | 0.46 |
| Feb 28, 2022 | 0.45 |
| Nov 30, 2021 | 0.45 |
| Aug 31, 2021 | 0.45 |