{
  "url": "https://struct.news/briefs/paychex-grew-profit-but-operating-cash-flow-fell-42",
  "title": "Paychex grew profit, but operating cash flow fell 42%",
  "summary": "Accounts receivable rose 18.9% as Paychex’s three-month revenue increased 5.9%, leaving cash conversion below 1x.",
  "published_at": "2026-09-24T20:10:14.677044+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Paychex, Inc.",
    "ticker": "PAYX",
    "cik": "723531",
    "sector": "Technology",
    "industry": "Software - Application"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-09-24",
    "accession": "0000723531-26-000006",
    "url": "https://www.sec.gov/Archives/edgar/data/723531/000072353126000006/payx-20260831.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/723531/000119312525224997/payx-20250831.htm"
  },
  "reported_figures": [
    {
      "group": "Paychex’s latest operating picture",
      "label": "Revenue",
      "value": 6301100000,
      "display": "$6.3B",
      "unit": "usd",
      "period": "2026-05-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0000723531-26-000006",
        "filing_date": "2026-09-24"
      }
    },
    {
      "group": "Paychex’s latest operating picture",
      "label": "Operating margin",
      "value": 39.84224976591389,
      "display": "+39.8%",
      "unit": "percent",
      "period": "2026-05-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000723531-26-000006",
        "filing_date": "2026-09-24"
      }
    },
    {
      "group": "Paychex’s latest operating picture",
      "label": "Net margin",
      "value": 27.93321800955389,
      "display": "+27.9%",
      "unit": "percent",
      "period": "2026-05-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000723531-26-000006",
        "filing_date": "2026-09-24"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Interest expense decreased as outstanding debt balances fell, supporting the latest period’s expense profile.",
      "importance": "medium",
      "evidence": "Interest expense decreased by $3.1 million to $65.1 million for the first quarter, primarily reflecting lower outstanding debt balances.",
      "source_date": "2026-09-24"
    },
    {
      "type": "pricing",
      "statement": "Management Solutions revenue increased with higher revenue per client from price realization and product penetration.",
      "importance": "medium",
      "evidence": "Higher revenue per client resulting from price realization and product penetration.",
      "source_date": "2026-09-24"
    },
    {
      "type": "demand",
      "statement": "PEO and Insurance Solutions revenue rose with growth in average worksite employees and higher PEO insurance volumes.",
      "importance": "medium",
      "evidence": "Growth in the average number of PEO worksite employees (\"WSEs\"); and o Higher PEO insurance volumes.",
      "source_date": "2026-09-24"
    }
  ],
  "related_tickers": [
    "PAYX"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}