Paychex (PAYX) Interest Coverage Ratio: History & Chart

Paychex, Inc.(PAYX)

Staffing & Employment Services · Rochester, NY

$118.30-0.21 (-0.18%)

Delayed quote: Sep 15, 2026, 4:00 PM EDT

About Paychex, Inc.

Founded in 1971 and headquartered in Rochester, New York, Paychex, Inc. delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance. Its diverse service portfolio includes: Payroll Management: Encompassing core payroll processing, payroll tax administration, employee payment facilitation, and ensuring compliance with regulations like new-hire reporting and garnishment processing. Human Resources Solutions: Providing support for employer compliance, HR and employee benefits administration, risk management outsourcing, and even the availability of professionally trained on-site HR representatives. Retirement Services: Offering full administration for retirement plans, which covers implementation, ongoing adherence to government regulations, reporting for both participants and employers, online access capabilities, electronic funds transfers, and other administrative tasks. Cloud-based HR Software: A suite of software products designed for efficient HR administration, including tools for benefits management, time and attendance tracking, digital communication, recruitment, and onboarding processes. Additional Business Services: This category features plan administration outsourcing, state unemployment insurance services, and various support functions for SMBs such as payroll funding and outsourcing (including payroll processing, invoicing, and tax preparation), payment processing solutions, financial wellness programs, and a resource center for small business loans. Insurance Offerings: Providing both property and casualty coverage, which includes workers' compensation, business-owner policies, cybersecurity protection, and commercial auto insurance, alongside health and benefits coverage like medical, dental, vision, and life insurance. Paychex primarily distributes its services through its dedicated direct sales team.

Rochester, NY

17,600 employees

www.paychex.com

Industrials / Staffing & Employment Services

Sector: Industrials
Industry: Staffing & Employment Services
CEO: John Gibson Jr.

View full financials

PAYX Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

9.32x

INTEREST COVERAGE RATIO AVG TTM

8.81x

INTEREST COVERAGE RATIO AVG 3Y

36.11x

INTEREST COVERAGE RATIO AVG 5Y

42.09x

INTEREST COVERAGE RATIO AVG 10Y

134.83x

INTEREST COVERAGE RATIO AVG 15Y

219.92x

INTEREST COVERAGE RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+5.82%

CURRENT VS 3Y AVG

-74.19%

CURRENT VS 5Y AVG

-77.86%

CURRENT VS 10Y AVG

-93.09%

CURRENT VS 15Y AVG

-95.76%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · INDUSTRIALS

7.85x

median of 140 covered companies

CURRENT VS SECTOR MEDIAN

+18.73%

vs the sector median at left

NAME	MARKET CAP	INTEREST COVERAGE RATIO	TTM	3Y	5Y
Paychex, Inc. (PAYX)	$42.08B	9.32x	8.81x	36.11x	42.09x
Ferguson plc (FERG)vs ›	$41.72B	17.17x	15.45x	15.04x	17.58x
HEICO Corporation (HEI)vs ›	$41.36B	7.85x	6.72x	24.68x	30.27x
HEICO Corporation (HEI-A)vs ›	$42.84B	7.85x	6.72x	24.68x	30.27x
Waste Connections, Inc. (WCN)vs ›	$40.19B	5.19x	4.43x	4.95x	4.64x
Thomson Reuters Corporation (TRI)vs ›	$44.79B	10.87x	11.70x	11.02x	10.15x
Ferrovial SE (FER)vs ›	$39.34B	2.21x	2.01x	1.60x	1.37x
Carrier Global Corporation (CARR)vs ›	$45.78B	5.53x	4.58x	5.55x	6.80x
Rockwell Automation, Inc. (ROK)vs ›	$46.40B	9.12x	8.74x	10.37x	10.03x
L3Harris Technologies, Inc. (LHX)vs ›	$46.49B	3.60x	3.29x	3.30x	4.95x

NAME

MARKET CAP

INTEREST COVERAGE RATIO

TTM

Paychex, Inc. (PAYX)

$42.08B

9.32x

8.81x

36.11x

42.09x

Ferguson plc (FERG)vs ›

$41.72B

17.17x

15.45x

15.04x

17.58x

HEICO Corporation (HEI)vs ›

$41.36B

7.85x

6.72x

24.68x

30.27x

HEICO Corporation (HEI-A)vs ›

$42.84B

7.85x

6.72x

24.68x

30.27x

Waste Connections, Inc. (WCN)vs ›

$40.19B

5.19x

4.43x

4.95x

4.64x

Thomson Reuters Corporation (TRI)vs ›

$44.79B

10.87x

11.70x

11.02x

10.15x

Ferrovial SE (FER)vs ›

$39.34B

2.21x

2.01x

1.60x

1.37x

Carrier Global Corporation (CARR)vs ›

$45.78B

5.53x

4.58x

5.55x

6.80x

Rockwell Automation, Inc. (ROK)vs ›

$46.40B

9.12x

8.74x

10.37x

10.03x

L3Harris Technologies, Inc. (LHX)vs ›

$46.49B

3.60x

3.29x

3.30x

4.95x

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Paychex, Inc. (PAYX)?

The interest coverage ratio for PAYX stock is 9.32x.

Is Paychex, Inc.'s interest coverage ratio high or low?

The interest coverage ratio of 9.32x is 78% below its 5-year average of 42.09x, near the low end of its 5-year range (6.77x–67.99x).

What is the TTM average interest coverage ratio for Paychex, Inc. (PAYX)?

The TTM average interest coverage ratio for PAYX stock is 8.81x.

What is the 3Y average interest coverage ratio for Paychex, Inc. (PAYX)?

The 3Y average interest coverage ratio for PAYX stock is 36.11x.

What is the 5Y average interest coverage ratio for Paychex, Inc. (PAYX)?

The 5Y average interest coverage ratio for PAYX stock is 42.09x.

What is the 10Y average interest coverage ratio for Paychex, Inc. (PAYX)?

The 10Y average interest coverage ratio for PAYX stock is 134.83x.

What is the 15Y average interest coverage ratio for Paychex, Inc. (PAYX)?

The 15Y average interest coverage ratio for PAYX stock is 219.92x.

DATE	INTEREST COVERAGE RATIO
2026-05-31	9.35x
2026-02-28	11.63x
2025-11-30	8.35x
2025-08-31	7.95x
2025-05-31	6.77x
2025-02-28	30.61x
2024-11-30	56.64x
2024-08-31	56.95x
2024-05-31	50.72x
2024-02-29	65.64x
2023-11-30	59.55x
2023-08-31	57.05x
2023-05-31	48.22x
2023-02-28	67.99x
2022-11-30	51.34x
2022-08-31	54.46x
2022-05-31	43.30x
2022-02-28	62.53x
2021-11-30	47.34x
2021-08-31	48.14x
2021-05-31	39.31x
2021-02-28	53.25x
2020-11-30	39.37x
2020-08-31	31.56x
2020-05-31	32.92x
2020-02-29	50.55x
2019-11-30	33.83x
2019-08-31	33.89x
2019-05-31	34.18x
2019-02-28	64.07x
2018-11-30	384.00x
2018-08-31	355.89x
2018-05-31	454.00x
2018-02-28	265.91x
2017-11-30	255.54x
2017-08-31	431.25x
2017-05-31	498.17x
2017-02-28	511.00x
2016-11-30	518.50x
2016-08-31	461.43x
2016-05-31	690.75x
2016-02-29	1400.00x
2015-11-30	980.67x
2015-08-31	1480.50x
2015-02-28	2643.00x
2014-11-30	900.67x
2014-08-31	891.67x
2014-05-31	2283.00x
2014-02-28	1253.50x
2013-11-30	621.50x
2013-08-31	637.75x
2012-08-31	2380.00x

DATE

INTEREST COVERAGE RATIO

2026-05-31

9.35x

2026-02-28

11.63x

2025-11-30

8.35x

2025-08-31

7.95x

2025-05-31

6.77x

2025-02-28

30.61x

2024-11-30

56.64x

2024-08-31

56.95x

2024-05-31

50.72x

2024-02-29

65.64x

2023-11-30

59.55x

2023-08-31

57.05x

2023-05-31

48.22x

2023-02-28

67.99x

2022-11-30

51.34x

2022-08-31

54.46x

2022-05-31

43.30x

2022-02-28

62.53x

2021-11-30

47.34x

2021-08-31

48.14x

2021-05-31

39.31x

2021-02-28

53.25x

2020-11-30

39.37x

2020-08-31

31.56x

2020-05-31

32.92x

2020-02-29

50.55x

2019-11-30

33.83x

2019-08-31

33.89x

2019-05-31

34.18x

2019-02-28

64.07x

2018-11-30

384.00x

2018-08-31

355.89x

2018-05-31

454.00x

2018-02-28

265.91x

2017-11-30

255.54x

2017-08-31

431.25x

2017-05-31

498.17x

2017-02-28

511.00x

2016-11-30

518.50x

2016-08-31

461.43x

2016-05-31

690.75x

2016-02-29

1400.00x

2015-11-30

980.67x

2015-08-31

1480.50x

2015-02-28

2643.00x

2014-11-30

900.67x

2014-08-31

891.67x

2014-05-31

2283.00x

2014-02-28

1253.50x

2013-11-30

621.50x

2013-08-31

637.75x

2012-08-31

2380.00x

Interest Coverage Ratio: 9.32x

PAYX Interest Coverage Ratio

PAYX Average Interest Coverage Ratio Chart

PAYX Current vs Average Interest Coverage Ratio Chart

PAYX Interest Coverage Ratio Metrics

PAYX Competitors' Interest Coverage Ratio

Financial Health Indicators

Interest Coverage Ratio Formula & Definition

Interest Coverage Ratio FAQ

PAYX Interest Coverage Ratio History

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