Paychex, Inc. (PAYX) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-08-31..
- Stock-based compensation / revenue · 12 months: Value 1.39%; Formula and calculation Share-based compensation / revenue. Period ending 2026-08-31..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-08-31; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-08-31. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 1.39% | Share-based compensation / revenue. Period ending 2026-08-31. $88.60M ÷ $6.39B × 100 ≈ 1.39% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 6.39B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 88.60M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 2.59B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-08-31 | (m) | $6.39B | $88.60M | $2.59B | (m) | (m) | 1.39% | (m) | (m) |
| 2026-05-31 | (m) | $6.30B | $96.10M | $2.51B | (m) | (m) | 1.53% | (m) | (m) |
| 2026-02-28 | (m) | $6.13B | $136.70M | $2.34B | (m) | (m) | 2.23% | (m) | (m) |
| 2025-11-30 | (m) | $5.84B | $131.20M | $2.24B | (m) | (m) | 2.25% | (m) | (m) |
| 2025-08-31 | (m) | $5.62B | $122.10M | $2.20B | (m) | (m) | 2.17% | (m) | (m) |
| 2025-05-31 | (m) | $5.41B | $111.80M | $2.21B | (m) | (m) | 2.07% | (m) | (m) |
| 2025-02-28 | (m) | $5.28B | $66.50M | $2.26B | $51.20M | (m) | 1.26% | 44.11× | Reported |
| 2024-11-30 | (m) | $5.21B | $63.30M | $2.22B | $38.50M | (m) | 1.21% | 57.57× | Reported |
| 2024-08-31 | (m) | $5.16B | $61.60M | $2.18B | $37.50M | (m) | 1.19% | 58.25× | Reported |
| 2024-05-31 | (m) | $5.13B | $61.10M | $2.17B | $37.30M | (m) | 1.19% | 58.29× | Reported |
| 2024-02-29 | (m) | $5.08B | $61.70M | $2.15B | $37.20M | (m) | 1.21% | 57.68× | Reported |
| 2023-11-30 | (m) | $5.03B | $63.60M | $2.11B | $36.30M | (m) | 1.26% | 58.06× | Reported |
| 2023-08-31 | (m) | $4.97B | $64.20M | $2.07B | $37.00M | (m) | 1.29% | 56.05× | Reported |
| 2023-05-31 | (m) | $4.91B | $62.60M | $2.03B | $36.70M | (m) | 1.28% | 55.40× | Reported |
| 2023-02-28 | (m) | $4.83B | $59.60M | $1.97B | $36.40M | (m) | 1.23% | 54.23× | Reported |
| 2022-11-30 | (m) | $4.75B | $56.10M | $1.92B | $36.40M | (m) | 1.18% | 52.88× | Reported |
| 2022-08-31 | (m) | $4.67B | $54.80M | $1.89B | $36.50M | (m) | 1.17% | 51.85× | Reported |
| 2022-05-31 | (m) | $4.55B | $52.80M | $1.84B | $36.60M | (m) | 1.16% | 50.27× | Reported |
| 2022-02-28 | (m) | $4.44B | $53.60M | $1.80B | $36.50M | (m) | 1.21% | 49.31× | Reported |
| 2021-11-30 | (m) | $4.27B | $53.40M | $1.71B | $36.30M | (m) | 1.25% | 46.99× | Reported |
| 2021-08-31 | (m) | $4.15B | $51.60M | $1.62B | $36.00M | (m) | 1.24% | 44.99× | Reported |
| 2021-05-31 | (m) | $4.00B | $52.50M | $1.46B | $35.80M | (m) | 1.31% | 40.80× | Reported |
| 2021-02-28 | (m) | $3.87B | $49.00M | $1.41B | $35.90M | (m) | 1.27% | 39.18× | Reported |
| 2020-11-30 | (m) | $3.90B | $49.10M | $1.41B | $36.40M | (m) | 1.26% | 38.68× | Reported |
| 2020-08-31 | (m) | $3.90B | $50.20M | $1.40B | $37.50M | (m) | 1.29% | 37.21× | Reported |
| 2020-05-31 | (m) | $3.95B | $47.40M | $1.46B | $38.80M | (m) | 1.20% | 37.64× | Reported |
| 2020-02-29 | (m) | $4.02B | $49.10M | $1.48B | $38.90M | (m) | 1.22% | 37.93× | Reported |
| 2019-11-30 | (m) | $3.95B | $47.20M | $1.43B | $36.30M | (m) | 1.20% | 39.52× | Reported |
| 2019-08-31 | (m) | $3.82B | $45.80M | $1.40B | $27.00M | (m) | 1.20% | 51.86× | Reported |
| 2019-05-31 | (m) | $3.69B | $46.20M | $1.37B | $17.60M | (m) | 1.25% | 77.91× | Reported |
| 2019-02-28 | (m) | $3.63B | $48.80M | $1.35B | $9.10M | (m) | 1.34% | 148.89× | Reported |
| 2018-11-30 | (m) | $3.50B | $48.30M | $1.29B | $3.50M | (m) | 1.38% | 369.89× | Reported |
| 2018-08-31 | (m) | $3.45B | $46.80M | $1.29B | $4.00M | (m) | 1.36% | 322.63× | Reported |
| 2018-05-31 | (m) | $3.38B | $44.60M | $1.29B | $3.90M | (m) | 1.32% | 330.13× | Reported |
| 2018-02-28 | (m) | $3.31B | $38.30M | $1.27B | $3.80M | (m) | 1.16% | 333.84× | Reported |
| 2017-11-30 | (m) | $3.24B | $36.90M | $1.28B | $3.30M | (m) | 1.14% | 388.70× | Reported |
| 2017-08-31 | (m) | $3.18B | $35.00M | $1.26B | $2.60M | (m) | 1.10% | 485.23× | Reported |
| 2017-05-31 | (m) | $3.15B | $35.40M | $1.24B | $2.50M | (m) | 1.12% | 495.84× | Reported |
| 2017-02-28 | (m) | $3.11B | $35.00M | $1.22B | $2.30M | (m) | 1.13% | 529.13× | Reported |
| 2016-11-30 | (m) | $3.06B | $34.70M | $1.19B | $1.90M | (m) | 1.13% | 626.53× | Reported |
| 2016-08-31 | (m) | $3.01B | $34.90M | $1.17B | $1.60M | (m) | 1.16% | 733.44× | Reported |
| 2016-05-31 | (m) | $2.95B | $34.60M | $1.15B | $1.10M | (m) | 1.17% | 1042.36× | Reported |
| 2016-02-29 | (m) | $2.89B | $33.50M | $1.12B | (m) | (m) | 1.16% | (m) | (m) |
| 2015-11-30 | (m) | $2.84B | $33.50M | $1.11B | (m) | (m) | 1.18% | (m) | (m) |
| 2015-08-31 | (m) | $2.80B | $32.70M | $1.08B | (m) | (m) | 1.17% | (m) | (m) |
| 2015-05-31 | (m) | $2.74B | $31.40M | $1.05B | (m) | (m) | 1.15% | (m) | (m) |
| 2015-02-28 | (m) | $2.69B | $28.60M | $1.03B | (m) | (m) | 1.06% | (m) | (m) |
| 2014-11-30 | (m) | $2.63B | $27.10M | $1.02B | (m) | (m) | 1.03% | (m) | (m) |
| 2014-08-31 | (m) | $2.57B | $26.30M | $995.10M | (m) | (m) | 1.02% | (m) | (m) |
| 2014-05-31 | (m) | $2.52B | $26.30M | $982.70M | (m) | (m) | 1.04% | (m) | (m) |
| 2014-02-28 | (m) | $2.44B | $27.60M | $966.20M | (m) | (m) | 1.13% | (m) | (m) |
| 2013-11-30 | (m) | $2.40B | $25.90M | $940.50M | (m) | (m) | 1.08% | (m) | (m) |
| 2013-08-31 | (m) | $2.36B | $23.90M | $921.90M | (m) | (m) | 1.01% | (m) | (m) |
| 2013-05-31 | (m) | $2.33B | $22.80M | $904.80M | (m) | (m) | 0.98% | (m) | (m) |
| 2013-02-28 | (m) | $2.29B | $22.20M | $888.90M | (m) | (m) | 0.97% | (m) | (m) |
| 2012-11-30 | (m) | $2.27B | $22.50M | $874.30M | (m) | (m) | 0.99% | (m) | (m) |
| 2012-08-31 | (m) | $2.24B | $22.70M | $862.20M | (m) | (m) | 1.01% | (m) | (m) |
| 2012-05-31 | (m) | $2.23B | $22.90M | $853.90M | (m) | (m) | 1.03% | (m) | (m) |
| 2012-02-29 | (m) | $2.20B | $23.60M | $840.80M | (m) | (m) | 1.07% | (m) | (m) |
| 2011-11-30 | (m) | $2.16B | $23.20M | $829.30M | (m) | (m) | 1.07% | (m) | (m) |
| 2011-08-31 | (m) | $2.13B | $24.30M | $815.30M | (m) | (m) | 1.14% | (m) | (m) |
| 2011-05-31 | (m) | $2.08B | $24.80M | $786.40M | (m) | (m) | 1.19% | (m) | (m) |
| 2011-02-28 | (m) | $2.06B | $25.28M | $777.20M | (m) | (m) | 1.23% | (m) | (m) |
| 2010-11-30 | (m) | $2.03B | $25.78M | $746.60M | (m) | (m) | 1.27% | (m) | (m) |
| 2010-08-31 | (m) | $2.02B | $25.98M | $735.70M | (m) | (m) | 1.29% | (m) | (m) |
| 2010-05-31 | (m) | $2.00B | $25.58M | $724.79M | (m) | (m) | 1.28% | (m) | (m) |
| 2010-02-28 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-11-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-08-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-05-31 | (m) | $2.08B | $25.71M | $805.20M | (m) | (m) | 1.23% | (m) | (m) |
| 2009-02-28 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-11-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-08-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-05-31 | (m) | $2.07B | $25.43M | $828.27M | (m) | (m) | 1.23% | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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