Paychex (PAYX) Interest Coverage Ratio (2010 - 2026)
Paychex (PAYX) posted Interest Coverage Ratio of 9.35 for Q2 2026, down 19.64% sequentially from 11.63 in Q1 2026, and up 38.1% YoY from 6.77 in Q2 2025.
Paychex (PAYX) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Paychex has reported Interest Coverage Ratio for 17 years, with the latest figure at 9.35 in Q2 2026.
- Quarterly Interest Coverage Ratio rose 38.1% year-over-year to 9.35 in Q2 2026, while the trailing twelve-month figure through May 2026 was 9.32 (down 55.53% YoY) and the FY2026 annual result came in at 9.32, down 4.68% from the prior year.
- Interest Coverage Ratio retreated to 9.35 in Q2 2026 per PAYX's latest filing, from 11.63 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 67.99 in Q1 2023 and troughed at 6.77 in Q2 2025.
- A 5-year average of 42.2 and a median of 52.65 in 2022 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2025 and 2026: Interest Coverage Ratio plunged 86.37% in 2025, then surged 38.1% in 2026.
- Over 5 years, Interest Coverage Ratio stood at 51.34 in 2022, then gained by 16.0% to 59.55 in 2023, then decreased by 4.89% to 56.64 in 2024, then plunged by 85.26% to 8.35 in 2025, then gained by 11.95% to 9.35 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 9.35, 11.63, and 8.35 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -8.75 |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.32 |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 0.80 |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 14.88 |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 0.15 |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -6.14 |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -13.95 |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 15.65 |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.58 |
| 10 | Paychex | 43.39 Bn | 42.27 Bn | 1.14 Bn | 9.35 |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 9.35 |
| Feb 28, 2026 | 11.63 |
| Nov 30, 2025 | 8.35 |
| Aug 31, 2025 | 7.95 |
| May 31, 2025 | 6.77 |
| Feb 28, 2025 | 30.61 |
| Nov 30, 2024 | 56.64 |
| Aug 31, 2024 | 56.95 |
| May 31, 2024 | 49.67 |
| Feb 29, 2024 | 65.64 |
| Nov 30, 2023 | 59.55 |
| Aug 31, 2023 | 57.05 |
| May 31, 2023 | 53.96 |
| Feb 28, 2023 | 67.99 |
| Nov 30, 2022 | 51.34 |
| Aug 31, 2022 | 54.46 |
| May 31, 2022 | 49.25 |
| Feb 28, 2022 | 62.53 |
| Nov 30, 2021 | 47.34 |
| Aug 31, 2021 | 48.14 |