Paychex Inc.: 10-K Risk Factor Changes

2025 vs 2024  ·  SEC EDGAR  ·  2026-06-01
Other years: 2024 vs 2023 · 2023 vs 2022
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

173
New Risks
4
Removed
6
Modified
10
Unchanged
🟢 New in Current Filing

We may not realize the expected financial or business benefits from the Paycor acquisition.

The integration of Paycor into our existing operations may present challenges aligning disparate technology platforms, operational systems, and may divert management’s attention away from day-to-day operational responsibilities to managing the integration. Compatibility issues…

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The integration of Paycor into our existing operations may present challenges aligning disparate technology platforms, operational systems, and may divert management’s attention away from day-to-day operational responsibilities to managing the integration. Compatibility issues may arise between our respective infrastructures, potentially delaying performance enhancements and straining our technical resources. Additionally, financial performance of acquired businesses may not meet pre-acquisition projections potentially affecting our consolidated results of operations, financial position and return on investment. While we have devised comprehensive strategies to address the integration complexities and maintain our strategic focus, the risks associated with unforeseen hurdles could affect our ability to achieve expected synergies and strategic growth targets.

🟢 New in Current Filing Change in our credit ratings could adversely impact our results of operations and lower our profitability. 🔒
🟢 New in Current Filing In the event we receive negative publicity, our reputation and the value of our brand could be harmed, and clients may not use our solutions and support, which may have a material adverse effect on our business. 🔒
🟢 New in Current Filing Risk Management and Strategy 🔒
🟢 New in Current Filing Square feet 🔒
🟢 New in Current Filing Approximate dollar value of shares that may yet be purchased under the program 🔒
🟢 New in Current Filing In millions, except per share amounts 🔒
🟢 New in Current Filing Business Outlook 🔒
🟢 New in Current Filing As of May 31, 🔒
🟢 New in Current Filing In millions, except per share amounts 🔒
🟢 New in Current Filing Total service revenue 🔒
🟢 New in Current Filing Total revenue 🔒
🟢 New in Current Filing Operating income 🔒
🟢 New in Current Filing Income before income taxes 🔒
🟢 New in Current Filing Diluted earnings per share 🔒
🟢 New in Current Filing $ in millions 🔒
🟢 New in Current Filing As of May 31, 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Fiscal Year 🔒
🟢 New in Current Filing $ in millions, except per share amounts 🔒
🟢 New in Current Filing Liquidity and Capital Resources 🔒
🟢 New in Current Filing Credit facilities: 🔒
🟢 New in Current Filing $ in millions 🔒
🟢 New in Current Filing Operating, Investing, and Financing Cash Flow Activities 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Operating Cash Flow Activities 🔒
🟢 New in Current Filing Investing Cash Flow Activities 🔒
🟢 New in Current Filing Financing Cash Flow Activities 🔒
🟢 New in Current Filing Critical Accounting Policies and Estimates 🔒
🟢 New in Current Filing Market Risk Factors 🔒
🟢 New in Current Filing Maturity date: 🔒
🟢 New in Current Filing Description 🔒
🟢 New in Current Filing INTERNAL CONTROL OVER FINANCIAL REPORTING 🔒
🟢 New in Current Filing Report of Independent Registered Public Accounting Firm 🔒
🟢 New in Current Filing Opinions on the Financial Statements and Internal Control over Financial Reporting 🔒
🟢 New in Current Filing Basis for Opinions 🔒
🟢 New in Current Filing Definition and Limitations of Internal Control over Financial Reporting 🔒
🟢 New in Current Filing Critical Audit Matters 🔒
🟢 New in Current Filing Year ended May 31, 🔒
🟢 New in Current Filing Total service revenue 🔒
🟢 New in Current Filing Total revenue 🔒
🟢 New in Current Filing Operating income 🔒
🟢 New in Current Filing Income before income taxes 🔒
🟢 New in Current Filing Weighted-average common shares outstanding, assuming dilution 🔒
🟢 New in Current Filing As of May 31, 🔒
🟢 New in Current Filing Current assets before funds held for clients 🔒
🟢 New in Current Filing Total current assets 🔒
🟢 New in Current Filing Liabilities 🔒
🟢 New in Current Filing Current liabilities before client fund obligations 🔒
🟢 New in Current Filing Total current liabilities 🔒
🟢 New in Current Filing Stockholders’ equity 🔒
🟢 New in Current Filing Total liabilities and stockholders’ equity 🔒
🟢 New in Current Filing Balance as of May 31, 2022 🔒
🟢 New in Current Filing Balance as of May 31, 2023 🔒
🟢 New in Current Filing Balance as of May 31, 2024 🔒
🟢 New in Current Filing Balance as of May 31, 2025 🔒
🟢 New in Current Filing Operating activities 🔒
🟢 New in Current Filing Investing activities 🔒
🟢 New in Current Filing Financing activities 🔒
🟢 New in Current Filing Net change in cash, restricted cash, and equivalents 🔒
🟢 New in Current Filing Reconciliation of cash, restricted cash, and equivalents 🔒
🟢 New in Current Filing Total cash, restricted cash, and equivalents 🔒
🟢 New in Current Filing NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 🔒
🟢 New in Current Filing Note A — Description of Business, Basis of Presentation, and Significant Accounting Policies 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Accounts receivable, net of allowance for credit losses 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Depreciable life 🔒
🟢 New in Current Filing Amortizable life 🔒
🟢 New in Current Filing Note B — Service Revenue 🔒
🟢 New in Current Filing Management Solutions Revenue 🔒
🟢 New in Current Filing PEO and Insurance Solutions Revenue 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Contract Balances 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Assets Recognized from the Costs to Obtain and Fulfill Contracts 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Note C — Basic and Diluted Earnings Per Share 🔒
🟢 New in Current Filing Basic earnings per share: 🔒
🟢 New in Current Filing Diluted earnings per share: 🔒
🟢 New in Current Filing Weighted-average anti-dilutive common share equivalents 🔒
🟢 New in Current Filing Note D — Business Combinations 🔒
🟢 New in Current Filing Paycor HCM, Inc. 🔒
🟢 New in Current Filing Purchase Consideration and Allocation 🔒
🟢 New in Current Filing In millions, except per share amounts 🔒
🟢 New in Current Filing Total cash consideration 🔒
🟢 New in Current Filing Total purchase consideration 🔒
🟢 New in Current Filing Assets Acquired 🔒
🟢 New in Current Filing Liabilities Assumed 🔒
🟢 New in Current Filing Total Liabilities 🔒
🟢 New in Current Filing Estimated fair value 🔒
🟢 New in Current Filing Unaudited Pro Forma Financial Information 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Alterna Capital Solutions LLC 🔒
🟢 New in Current Filing Note E — Other Income, Net 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Other income, net 🔒
🟢 New in Current Filing Note F — Stock-Based Compensation Plans 🔒
🟢 New in Current Filing Outstanding as of May 31, 2024 🔒
🟢 New in Current Filing Exercisable as of May 31, 2025 🔒
🟢 New in Current Filing In millions, except per share amounts 🔒
🟢 New in Current Filing Year ended May 31, 🔒
🟢 New in Current Filing Nonvested as of May 31, 2024 🔒
🟢 New in Current Filing Nonvested as of May 31, 2025 🔒
🟢 New in Current Filing In millions, except per share amounts 🔒
🟢 New in Current Filing Nonvested as of May 31, 2024 🔒
🟢 New in Current Filing Nonvested as of May 31, 2025 🔒
🟢 New in Current Filing In millions, except per share amounts 🔒
🟢 New in Current Filing Year ended May 31, 🔒
🟢 New in Current Filing Note G — Funds Held for Clients and Corporate Investments 🔒
🟢 New in Current Filing Type of issue: 🔒
🟢 New in Current Filing Total funds held for clients and corporate investments 🔒
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🟢 New in Current Filing Total funds held for clients and corporate investments 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Total funds held for clients and corporate investments 🔒
🟢 New in Current Filing Securities in an unrealized loss position for more than twelve months 🔒
🟢 New in Current Filing Type of issue: 🔒
🟢 New in Current Filing Securities in an unrealized loss position for more than twelve months 🔒
🟢 New in Current Filing Type of issue: 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Net realized (losses)/gains 🔒
🟢 New in Current Filing Maturity date: 🔒
🟢 New in Current Filing Note H — Fair Value Measurements 🔒
🟢 New in Current Filing (Fair value) 🔒
🟢 New in Current Filing (Fair value) 🔒
🟢 New in Current Filing Liabilities: 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Total long-term borrowings, net of debt issuance costs 🔒
🟢 New in Current Filing Note I — Leases 🔒
🟢 New in Current Filing $ in millions 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Note J — Property and Equipment, Net of Accumulated Depreciation 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Property and equipment, net of accumulated depreciation 🔒
🟢 New in Current Filing Note K — Goodwill and Intangible Assets, Net of Accumulated Amortization 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Balance, end of fiscal year 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Intangible assets, net of accumulated amortization 🔒
🟢 New in Current Filing Year ending May 31, 🔒
🟢 New in Current Filing Note L — Income Taxes 🔒
🟢 New in Current Filing Deferred tax assets: 🔒
🟢 New in Current Filing Deferred tax liabilities: 🔒
🟢 New in Current Filing Net deferred tax liability 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Total current 🔒
🟢 New in Current Filing Income taxes 🔒
🟢 New in Current Filing Year ended May 31, 🔒
🟢 New in Current Filing Effective income tax rate 🔒
🟢 New in Current Filing Balance as of beginning of fiscal year 🔒
🟢 New in Current Filing Balance as of end of fiscal year 🔒
🟢 New in Current Filing Note M — Short-term Financing 🔒
🟢 New in Current Filing Credit facilities: 🔒
🟢 New in Current Filing Note N — Long-term Financing 🔒
🟢 New in Current Filing interest rate 🔒
🟢 New in Current Filing Long-term debt, net 🔒
🟢 New in Current Filing Note O — Supplemental Cash Flow Information 🔒
🟢 New in Current Filing Note P — Employee Benefit Plans 🔒
🟢 New in Current Filing Note Q — Commitments and Contingencies 🔒
🟢 New in Current Filing In millions 🔒
🟢 New in Current Filing Note R — Segment Reporting 🔒
🟢 New in Current Filing Total revenue 🔒
🟢 New in Current Filing Income before income taxes 🔒
🟢 New in Current Filing of fiscal year 🔒
🟢 New in Current Filing Position and business experience 🔒
🟢 New in Current Filing Position and business experience 🔒
🟢 New in Current Filing Number of securities remaining available for future issuance under equity compensation plans(1) 🔒
🟢 New in Current Filing SIGNATURES 🔒
🟢 New in Current Filing PAYCHEX, INC. 🔒
🔴 No Match in Current Filing We may not be able to keep pace with changes in technology or provide timely enhancements to our solutions and support. 🔒
🔴 No Match in Current Filing We may experience software defects, undetected errors, and development delays, which could damage our relationship with clients, decrease our potential profitability and expose us to liability. 🔒
🔴 No Match in Current Filing We could be subject to reduced revenues, increased costs, liability claims, or harm to our competitive position as a result of cyberattacks, security vulnerabilities or Internet disruptions. 🔒
🔴 No Match in Current Filing In the event we receive negative publicity, our reputation and the value of our brand could be harmed, and clients may not use our solutions and support, which may have a material adverse effect on our business. 🔒
🟡 Modified Our business, services, and financial condition may be adversely impacted by changes in government laws and regulations. 🔒
🟡 Modified Our business, results of operations, and financial condition may be impacted by macroeconomic and/or political factors of the U.S. and global economy and such impact could be materially adverse. 🔒
🟡 Modified Our reputation, results of operations, or financial condition may be adversely impacted if we fail to comply with data privacy and AI laws and regulations. 🔒
🟡 Modified In the event of a catastrophe, our business continuity plan may fail, which could result in the loss of client data and adversely interrupt operations. 🔒
🟡 Modified We made and may continue to make acquisitions that involve numerous risks and uncertainties. 🔒
🟡 Modified Our debt obligations may expose us to risks affecting the operation of our business, and our failure to address these risks could have a material adverse effect on our results of operations and financial condition. 🔒
182 more changes in this filing

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