Paychex Inc
PAYXCompany Overview
Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resources, insurance and retirement for small and medium-sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.
Country
US
Market Cap
$42.62B
Last Fiscal Year
2024
Final Shariah Status
Failed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
26.57%
failed
Liabilities Compliance
2.03%
passed
Final Shariah Status
Failed
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | Paychex Inc |
| Ticker | PAYX |
| Main Business | Staffing & Employment Services |
| Type | Common Stock |
| Industry | Staffing & Employment Services |
| Country | US |
| Market Cap | $42.62 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Management Solutions | $3,870.0 | $0.0 | - |
| Professional employer organization (PEO) and Insurance Solutions | $1,270.0 | $1,270.0 | Insurance |
| Interest on funds held for clients | $146.3 | $146.3 | - |
| Other income | $43.9 | $0.0 | - |
| $0.0 | $0.0 | - | |
| Total | $5,330.2 | $1,416.3 | 26.57% (failed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| current debt and capital lease obligation | $18,700,000.0 | 0.04% |
| long term debt and capital lease obligation | $847,600,000.0 | 1.99% |
| Total Interest-Bearing Debt | $866,300,000.0 | 2.03% |
| Market Capitalization | $42,615,759,000.0 | 100.00% |
| Compliance Status | Threshold: 33% | passed |