Paychex (PAYX) Operating Leases (2019 - 2026)

Paychex's (PAYX) quarterly Operating Leases came in at $59.3 million in Q1 2026, up 25.9% year-on-year from $47.1 million in Q1 2025, and down 10.96% quarter-over-quarter from $66.6 million in Q4 2025.

Paychex (PAYX) Operating Leases (2019 - 2026) Analysis & Trends

Paychex has disclosed Operating Leases across 8 years of filings, most recently posting $59.3 million for Q1 2026.

  • Operating Leases for Q1 2026 came in at $59.3 million, up 25.9% year-over-year; the trailing twelve-month figure through Feb 2026 was $59.3 million (up 25.9% YoY), and the FY2025 annual result was $55.5 million, up 13.27% from the prior year.
  • Operating Leases came in at $59.3 million for Q1 2026 at Paychex, down from $66.6 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $79.3 million in Q1 2022 to a low of $45.7 million in Q4 2024.
  • The 5-year median for Operating Leases is $55.5 million (2025), against an average of $58.7 million.
  • Across the five-year window, Operating Leases retreated 23.4% in 2023 and jumped 45.73% in 2025, its largest moves.
  • Paychex's Operating Leases stood at $66.8 million in 2022, then fell by 19.91% to $53.5 million in 2023, then retreated by 14.58% to $45.7 million in 2024, then surged by 45.73% to $66.6 million in 2025, then slipped by 10.96% to $59.3 million in 2026.
  • The last three Operating Leases figures came in at $59.3 million (Q1 2026), $66.6 million (Q4 2025), and $52.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn
10 Paychex 36.04 Bn 34.25 Bn 1.38 Bn

Historic Data

Download Data
DateValue
Feb 28, 2026 59.30 Mn
Nov 30, 2025 66.60 Mn
Aug 31, 2025 52.90 Mn
May 31, 2025 55.50 Mn
Feb 28, 2025 47.10 Mn
Nov 30, 2024 45.70 Mn
Aug 31, 2024 49.40 Mn
May 31, 2024 49.00 Mn
Feb 29, 2024 51.50 Mn
Nov 30, 2023 53.50 Mn
Aug 31, 2023 55.10 Mn
May 31, 2023 57.30 Mn
Feb 28, 2023 62.90 Mn
Nov 30, 2022 66.80 Mn
Aug 31, 2022 71.00 Mn
May 31, 2022 74.80 Mn
Feb 28, 2022 79.30 Mn
Nov 30, 2021 86.70 Mn
Aug 31, 2021 92.60 Mn
May 31, 2021 92.40 Mn