Paychex Inc

PAYX
Failed

Company 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
5% Threshold
26.6%
Liabilities Compliance
2.03% passed
33% Threshold
2.0%
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