Paychex (PAYX) Operating Leases (2019 - 2026)
Paychex's (PAYX) quarterly Operating Leases came in at $52.2 million in Q2 2026, down 5.95% year-over-year from $55.5 million in Q2 2025, and down 11.97% quarter-over-quarter from $59.3 million in Q1 2026.
Analysis
Paychex (PAYX) Operating Leases (2019 - 2026) Analysis & Trends
Paychex has disclosed Operating Leases across 8 years of filings, most recently posting $52.2 million for Q2 2026.
- In Q2 2026, Operating Leases fell 5.95% year-over-year to $52.2 million; the TTM figure through May 2026 stood at $52.2 million (down 5.95% YoY), while the FY2026 annual figure was $52.2 million, down 5.95% from the prior year.
- Operating Leases came in at $52.2 million for Q2 2026 at Paychex, down from $59.3 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.
- Average Operating Leases over 5 years is $58.3 million, with a median of $55.3 million recorded in 2023.
- Year-over-year, Operating Leases decreased 23.4% in 2023 and surged 45.73% in 2025.
- Over 5 years, 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 dropped by 21.62% to $52.2 million in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $52.2 million in Q2 2026, $59.3 million in Q1 2026, and $66.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Automatic Data Processing | 110.44 Bn | 106.21 Bn | 2.51 Bn |
| 2 | Paychex | 43.28 Bn | 42.14 Bn | 1.19 Bn |
| 3 | Paycom Software | 10.27 Bn | 10.07 Bn | 412.40 Mn |
| 4 | Paylocity Holding | 8.11 Bn | 7.84 Bn | 300.38 Mn |
| 5 | Kanzhun | 7.88 Bn | 5.57 Bn | 306.38 Mn |
| 6 | Alight | 393.98 Mn | 180.98 Mn | 142.00 Mn |
| 7 | Asure Software | 267.49 Mn | 247.81 Mn | 25.06 Mn |
| 8 | Dhi | 194.97 Mn | 191.20 Mn | 25.04 Mn |
| 9 | CXApp | 5.71 Mn | 5.71 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 52.20 Mn |
| 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 |