PAYCHEX INC Annual Interest Expense in USD from 2013 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Paychex Inc quarterly/annual Interest Expense history and growth rate from 2013 to 2023.
  • Paychex Inc Interest Expense for the quarter ending February 28, 2025 was $22.6M, a 128% increase year-over-year.
  • Paychex Inc Interest Expense for the twelve months ending February 28, 2025 was $51.2M, a 37.6% increase year-over-year.
  • Paychex Inc annual Interest Expense for 2023 was $37.3M, a 1.64% increase from 2022.
  • Paychex Inc annual Interest Expense for 2022 was $36.7M, a 0.27% increase from 2021.
  • Paychex Inc annual Interest Expense for 2021 was $36.6M, a 2.24% increase from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $37.3M +$600K +1.64% Jun 1, 2023 May 31, 2024 10-K 2024-07-11
2022 $36.7M +$100K +0.27% Jun 1, 2022 May 31, 2023 10-K 2024-07-11
2021 $36.6M +$800K +2.24% Jun 1, 2021 May 31, 2022 10-K 2024-07-11
2020 $35.8M -$3M -7.73% Jun 1, 2020 May 31, 2021 10-K 2023-07-14
2019 $38.8M +$21.2M +120% Jun 1, 2019 May 31, 2020 10-K 2022-07-15
2018 $17.6M +$13.7M +351% Jun 1, 2018 May 31, 2019 10-K 2021-07-16
2017 $3.9M +$1.4M +56% Jun 1, 2017 May 31, 2018 10-K 2020-07-17
2016 $2.5M +$1.4M +127% Jun 1, 2016 May 31, 2017 10-K 2019-07-24
2015 $1.1M +$400K +57.1% Jun 1, 2015 May 31, 2016 10-K 2018-07-20
2014 $700K -$400K -36.4% Jun 1, 2014 May 31, 2015 10-K 2017-07-21
2013 $1.1M Jun 1, 2013 May 31, 2014 10-K 2016-07-22
* An asterisk sign (*) next to the value indicates that the value is likely invalid.