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| Date | Value |
|---|---|
| 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 |