Regardless of the sequential decrease in Current Liabilities, during the first quarter 2026, Quick Ratio deteriorated to 0.15 below Paychex Inc 's average Quick Ratio.

Within Professional Services industry 86 other companies have achieved higher Quick Ratio than Paychex Inc in first quarter 2026. While Quick Ratio total ranking has improved so far during the Q1 2026 to 3368, from total ranking in the fourth quarter 2026 at 4067.

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PAYX Quick Ratio	(Aug 31 2026) Q1	(May 31 2026) Q4	(Feb 28 2026) Q3	(Nov 30 2025) Q2	(Aug 31 2025) Q1
Y / Y Current Liabilities Change	-11.06 %	-3.26 %	35.85 %	31.03 %	2323.9 %
Y / Y Cash & cash equivalent Change	15.48 %	-30.95 %	11.43 %	10.87 %	-45.99 %
Quick Ratio MRQ	0.15	0.17	0.22	0.23	0.11
PAYX's Total Ranking	# 3368	# 4067	# 4431	# 3938	# 3821
Seq. Current Liabilities Change	-5.78 %	-14.59 %	13.27 %	-2.42 %	2.48 %
Seq. Cash & cash equivalent Change	-16.92 %	-35.47 %	6.99 %	101.31 %	-50.33 %

Quick Ratio first quarter 2026 Company Ranking
Within:	No.
Professional Services Industry	# 87
Services Sector	# 396
Overall Market	# 3573

Quick Ratio Statistics
High	Average	Low
11.76	0.35	0.05
(Feb 29 2016)		(Feb 28 2022)

Financial Statements
Paychex Inc 's Current Liabilities	$ 6,340 Millions	Visit PAYX's Balance sheet
Paychex Inc 's Cash & cash equivalent	$ 934 Millions	Visit PAYX's Balance sheet
Source of PAYX's Sales		Visit PAYX's Sales by Geography

Cumulative Paychex Inc 's Quick Ratio

PAYX's Quick Ratio for the trailling 12 Months

PAYX Quick Ratio	(Aug 31 2026) 12 Months	(May 31 2026) 12 Months	(Feb 28 2026) 12 Months	(Nov 30 2025) 12 Months	(Aug 31 2025) 12 Months
Y / Y Current Liabilities TTM Growth	10.76 %	56.29 %	73.05 %	41.92 %	29.8 %
Y / Y Cash & cash equivalent TTM Growth	-0.74 %	-13.88 %	-3.18 %	-8.15 %	-7.01 %
Quick Ratio TTM	0.19	0.18	0.2	0.21	0.22
Total Ranking TTM	# 2840	# 3251	# 2471	# 2344	# 2333
Seq. Current Liabilities TTM Growth	-2.75 %	-0.79 %	7.75 %	6.54 %	37.23 %
Seq. Cash & cash equivalent TTM Growth	2.36 %	-8.68 %	3.17 %	2.92 %	-11.19 %

Quick ratio ranking by company, industry and sector >> Back to PAYX Financial Strength Comparisons >> Go to Compare PAYX Quick Ratio to its Competitors

On the trailing twelve months basis PAYX Cash & cash equivalent increased by 15.48 % in Q1 2026 year on year, while Current Liabilities decreased to $6,340 millions, this led to increase in in Paychex Inc 's Quick Ratio to 0.19, above PAYX average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Professional Services industry 122 other companies have achieved higher Quick Ratio than Paychex Inc . While Quick Ratio overall ranking has improved so far to 0, from total ranking during the twelve months ending fourth quarter 2026 at 4119.

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How much Cash & cash equivalents PAYX�s has?
What are PAYX�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Professional Services Industry	# 123
Services Sector	# 538
Within the Market	# 3368

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.27	0.1	0.02
(Feb 28 2025)		(Nov. 30, 2007)

Companies with similar Quick Ratio in the quarter ending Aug 31 2026, within Professional Services Industry	Quick Ratio	Aug 31 2026 MRQ Cash & cash equivalent	Aug 31 2026 MRQ Current Liabilities
Paychex Inc	0.15	$ 934.200 Millions	$ 6,340.000 Millions

Date modified: 2026-09-25T05:01:51+00:00

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