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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
-2.4% YoYReported for FY 2026
Liabilities
+0.0% YoYReported for FY 2026
Equity
-9.5% YoYReported for FY 2026
Equity mix
-1.8 ppEquity share of the capital base
Table view
Balance sheet, reported dollar amounts — FY 2026
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jul 21, 2026. The filing-backed figures above are the current source of truth.
Over the five-year period, Paychex’s balance sheet expanded meaningfully, though with some volatility at the top line. Total assets increased from $9.6 billion in 2022 to $16.6 billion in 2025, before edging down slightly to $16.2 billion in 2026. Liabilities followed a similar pattern, rising from $6.6 billion in 2022 to about $12.4 billion in both 2025 and 2026. Stockholders’ equity also increased overall, from $3.1 billion in 2022 to $4.1 billion in 2025, then softened to $3.7 billion in 2026. The rise in assets and liabilities suggests business growth and a larger operating footprint, while the moderate equity increase indicates retained earnings and capital accumulation were partly offset by the faster growth in obligations. A notable feature is the sharp step-up between 2024 and 2025, when assets jumped from $10.4 billion to $16.6 billion and liabilities from $6.6 billion to $12.4 billion. That kind of increase is often associated with higher client-funds balances or other pass-through payroll-related liabilities, which is typical in the payroll and HCM industry and does not necessarily imply leverage risk in the same way it might for a non-financial industrial company. Overall, Paychex appears to have maintained a solid equity base and a sizeable balance sheet, with the 2026 dip in assets and equity suggesting some normalization after the prior year’s surge rather than a major deterioration in financial position.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.