On this page of Benford's Law Stocks.com we present our study of PAYCHEX INC — ticker symbol PAYX. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 12/23/2020 to 9/30/2025 for PAYCHEX INC under CIK number 0000723531. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for PAYX, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for PAYCHEX INC based on the past PAYX filings our system processed in the past.
Benford Chart for PAYX 10Q Filed 9/30/2025
28.5
12.7
16.5
13.2
8.0
7.8
4.9
3.8
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, PAYX stockholder letter ]
Total numbers found: 638
Recent share count: 359,608,905 (3's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
638
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 6 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for PAYX = 89
89

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was below the typical coverage universe range.
 • The 3's percentage was higher than the 2's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 3, we canceled the penalty multiplier.
 • We deducted points upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 4's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 4's percentage was above the company's typical historical range.
 • We deducted point upon observing the 6's percentage was above the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
PAYX's Score Vs. Typical Stock
Benford's Law Stocks Indicator
PAYX
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
Other Stocks Ranking Near PAYX
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PHAT
SAMG
Check our work! We provide our PAYCHEX INC Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the PAYX filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 182 numbers that start with the digit 1. Here they are:
1,163.3
1,492.4
1,281.0
1,540.0
1,318.5
113.7
129.7
1.07
1.19
1.06
1.18
1,628.6
1,359.3
1,330.5
1,886.8
1,947.3
134.0
128.5
16,663.0
16,564.1
120.6
129.8
151.7
183.9
18.5
18.6
124.9
119.0
12,692.4
12,436.1
1,921.8
1,901.1
16,663.0
16,564.1
1,901.1
15.2
1.08
1.1
154.8
160.1
1,921.8
14.2
10.8
1,729.5
120.7
145.1
100.0
104.0
16.5
16.5
19.7
1,761.7
109.3
16.5
11.0
18.9
124.9
1.7
1,029.7
1,013.0
15.0
12.6
1,302.7
110.0
160.1
104.0
1,099.7
1,897.0
1,634.6
1,848.1
1,459.6
1,634.6
1,848.1
1,161.6
1,151.1
1,383.7
1,356.5
1,359.3
1,330.5
1.8
1.0
1.0
1.0
16.5
175.5
165.8
12.1
14.5
19.6
1.07
1.19
1.8
1.8
1.06
1.18
1.9
168.8
1.0
1,288.2
1,776.5
1.9
136.3
1,288.9
1,837.3
1,492.3
1,486.0
18.7
19.9
1
165.6
1.6
1
167.1
1,922.6
1,937.6
1.0
1,111.8
12.5
1,106.5
1,057.8
1,057.8
158.3
159.2
1,640.3
10.7
1,644.0
1,017.3
16.7
14.4
16.7
1
1
1
11.8
12.5
174.6
1,559.6
1,734.2
16.4
19.2
1
152.0
16.0
16.7
1,651.4
1,951.5
1,569.2
1,575.7
167.1
167.1
1,937.6
1,937.6
1,106.5
1,106.5
159.2
159.2
1,644.0
1,644.0
1,485.6
1,529.2
1,484.8
1,505.1
1,483.3
1,533.3
1,482.7
1,504.9
1,182.1
1,221.8
1,181.6
1,201.9
11.8
1.9
177.2
165.0
1,540.0
1,318.5
138.6
130.3
196.5
151.2
113.7
129.7
We found 81 numbers that start with the digit 2. Here they are:
23.8
20.0
28.7
27.9
2,180.3
2,089.3
2,070.2
2,277.0
25.0
2,277.0
24.3
24.3
24.3
26.8
26.8
2,070.2
25.0
2,213.0
24.4
20.2
22.2
2.5
2,165.4
21.4
2.1
2.8
26.8
29.5
26.3
2,547.3
2
25.1
2.5
2,734.3
222.1
205.4
24.4
26.0
26.0
21.3
2.8
24.4
26.0
2.8
26.8
23.7
23.0
21.1
2
25.1
26.5
29.3
27.6
2,593.4
23.8
20.0
20.0
29.8
2.3
2.3
21.0
2.8
2.8
207.2
263.7
2.5
2.8
236.7
2.2
2,104.8
2,078.7
284.9
284.9
293.2
28.8
27.2
2.0
22.9
23.3
23.8
20.0
We found 105 numbers that start with the digit 3. Here they are:
359,894,143
329.1
319.3
37.5
380.0
391.8
383.8
360.1
360.1
361.9
361.9
34.5
34.0
38.9
379.4
378.3
399.9
399.8
317.6
312.2
359.9
360.5
3.6
3.6
3,970.6
360.5
3.6
38.5
383.8
383.8
389.0
389.0
359.9
3.6
3,970.6
360.1
3.6
3,801.0
352.8
352.8
3.0
3.0
3.0
359.9
3.6
3,850.4
383.8
39.0
36.4
3,731.9
35.6
389.1
353.4
333.6
36.0
32.9
383.8
360.1
360.1
383.8
360.1
360.1
361.9
361.9
3,329.6
342.4
345.6
33.2
34.3
3.5
37.3
33.3
3,809.1
3,755.5
33.1
34.5
34.5
30.7
33.2
3.3
319.9
3.0
300.1
360.9
37.3
37.3
37.3
37.3
3,755.5
3,755.5
34.5
34.5
34.5
34.5
399.9
399.3
399.8
398.3
399.3
399.3
395.5
34.5
3.87
39.0
383.8
4's 5's 6's
We found 84 numbers that start with the digit 4. Here they are:
47.6
413.8
497.5
427.4
412.5
492.2
47.9
4,112.6
4,103.2
4,927.4
4,813.3
4,523.6
4,514.1
489.0
482.4
4,948.4
4,867.0
444.7
4,550.3
4,548.4
4,128.0
4,128.0
4.4
4.4
4.4
46.8
47.6
427.4
427.4
4.0
400.0
427.4
4
47.0
45.1
47.6
485.0
48.9
48.9
45.3
427.4
427.4
4.1
4.06
4.2
4.9
4,085.7
4,085.7
4,997.8
4,976.8
44.3
4,900.0
4,847.8
4,927.4
4,813.3
4,847.8
45
4.9
44.9
47.5
48.5
42.1
44.3
4,997.8
4,976.8
4,976.8
4,976.8
4.7
4.7
4
4
42.8
42.8
42.8
400.5
4,950.2
4,948.2
4.9
4.03
4.9
451.3
48.2
497.5
427.4
We found 51 numbers that start with the digit 5. Here they are:
584.3
541.9
546.7
557.1
50.4
525.4
511.5
552.0
518.0
52.9
55.5
53.7
53.7
5.3
5
58.9
58.5
51.6
546.1
55.9
515.4
50.4
54.9
5
52.8
51.8
5.8
5.1
5.0
50.8
5
5,807.3
51.3
5,789.3
5
5,789.3
53.6
505
50
56.5
5.0
506.4
579.6
50.8
531.8
50.8
5,084.1
5,005.7
5.8
530.0
557.1
We found 50 numbers that start with the digit 6. Here they are:
68.2
64.8
609.4
616.6
64.2
63.8
68.8
69.4
641.1
6,956.3
600.0
61.8
61.8
61.8
6
60.4
66.0
6.1
65.6
68.5
6.3
6,881.6
609.0
609.4
605.1
602.9
6.3
6.7
6
61.1
69.7
68.0
68.9
600
6.9
683.8
65.0
68.0
677.9
672.2
645.9
650.2
67.7
67.7
67.7
615.5
615.5
663.4
620.6
68.2
7's 8's 9's
We found 31 numbers that start with the digit 7. Here they are:
771.8
779.7
735.8
7,128.7
7.7
7.5
7
718.4
775.2
7.7
7.5
7,356.1
74.9
7.6
73.4
76.6
7.6
76.2
7
775.2
775.2
7.2
7.0
7
73.2
7.0
7
7.5
7.5
74.8
771.8
We found 24 numbers that start with the digit 8. Here they are:
809.0
861.9
8,916.5
8.4
8
8
80.3
8.4
81.4
809.0
87.0
84.1
824.6
824.6
861.9
843.2
888.1
83.2
880.1
8
8
824.6
824.6
84.8
We found 30 numbers that start with the digit 9. Here they are:
961.7
998.1
9.6
9.2
9,040.0
98
9.3
92.4
9.1
90.0
90.0
99.0
9.1
973.2
941.0
9
973.5
993.2
978.8
9
928.6
941.0
941.0
973.5
973.5
978.8
978.8
9.2
998.1
9.6
While the above PAYX 10Q Filed 9/30/2025 is interesting in isolation, we have found that it is also useful to take a look at older PAYCHEX INC filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 9/30/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical PAYX 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 9/30/2025
28.5
12.7
16.5
13.2
8.0
7.8
4.9
3.8
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ✓  [ original filing ]
Total numbers found: 638

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 12/19/2024
29.3
12.2
21.8
6.4
5.7
6.4
6.8
6.9
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 51
XBRL? ✓  [ original filing ]
Total numbers found: 724

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 4/2/2024
31.8
11.5
20.6
9.1
5.0
6.0
6.1
3.8
6.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 60
XBRL? ✓  [ original filing ]
Total numbers found: 705

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10K Filed 7/14/2023
31.8
16.3
14.2
10.3
7.4
6.0
4.5
4.5
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 1,038

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 9/29/2022
29.7
13.4
18.8
10.4
9.0
7.3
4.7
2.4
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL? ✓  [ original filing ]
Total numbers found: 536

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 12/22/2021
24.2
14.6
20.3
10.9
6.7
8.8
6.2
2.7
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL? ✓  [ original filing ]
Total numbers found: 691

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 4/7/2021
25.7
15.6
20.2
9.2
5.4
9.9
4.5
4.7
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL? ✓  [ original filing ]
Total numbers found: 684

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10K Filed 7/11/2025
32.9
15.2
15.0
12.5
6.3
6.3
4.5
3.7
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 1,176

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 10/1/2024
29.0
11.0
24.4
9.4
5.1
6.8
5.1
4.2
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL? ✓  [ original filing ]
Total numbers found: 545

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 12/21/2023
30.6
12.3
20.7
6.5
6.5
5.7
7.4
5.4
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL? ✓  [ original filing ]
Total numbers found: 707

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 3/30/2023
31.9
13.0
19.6
9.1
8.4
5.3
5.6
3.6
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 700

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10K Filed 7/15/2022
29.3
17.8
14.5
9.8
7.5
6.0
4.9
5.2
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL? ✓  [ original filing ]
Total numbers found: 1,032

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 10/1/2021
24.1
18.3
20.0
9.1
6.6
6.8
7.4
3.7
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 67
XBRL? ✓  [ original filing ]
Total numbers found: 515

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 12/23/2020
27.0
15.6
17.2
10.8
9.3
9.0
6.1
1.6
3.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL? ✓  [ original filing ]
Total numbers found: 667

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 3/26/2025
30.6
11.0
20.2
10.3
5.2
5.7
6.8
5.2
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL? ✓  [ original filing ]
Total numbers found: 748

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10K Filed 7/11/2024
32.8
15.1
15.9
10.9
6.5
5.5
5.3
4.1
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 1,043

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 9/28/2023
28.2
13.1
19.0
9.5
7.6
6.2
6.2
5.4
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 536

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 12/22/2022
28.2
14.3
18.8
9.4
6.7
8.6
5.1
3.4
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 80
XBRL? ✓  [ original filing ]
Total numbers found: 701

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10Q Filed 3/31/2022
28.1
13.5
20.7
9.4
7.3
6.7
6.1
4.7
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 702

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
10K Filed 7/16/2021
25.3
17.9
16.9
9.4
7.8
7.2
6.0
5.4
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 1,008

■ = Typical PAYX range from 12/23/2020 to 9/30/2025
FIZZ 10Q Filed 12/11/2025:
66
CAL 10Q Filed 12/11/2025:
94
MIND 10Q Filed 12/11/2025:
88
CMTL 10Q Filed 12/11/2025:
67
LULU 10Q Filed 12/11/2025:
61
ORCL 10Q Filed 12/11/2025:
88
BCTX 10Q Filed 12/11/2025:
96
VRA 10Q Filed 12/11/2025:
83
BKE 10Q Filed 12/11/2025:
58
NGVC 10K Filed 12/11/2025:
91
MITK 10K Filed 12/11/2025:
69
GCO 10Q Filed 12/11/2025:
84
OXM 10Q Filed 12/11/2025:
85
BBW 10Q Filed 12/11/2025:
93
MAYS 10Q Filed 12/11/2025:
68
LOVE 10Q Filed 12/11/2025:
83
VGES 10Q Filed 12/11/2025:
41
NTRB 10Q Filed 12/10/2025:
70
USAU 10Q Filed 12/10/2025:
86
HPQ 10K Filed 12/10/2025:
95
VNCE 10Q Filed 12/10/2025:
87
PSTG 10Q Filed 12/10/2025:
82
CURV 10Q Filed 12/10/2025:
85
JILL 10Q Filed 12/10/2025:
89
URBN 10Q Filed 12/10/2025:
71
PL 10Q Filed 12/10/2025:
84
M 10Q Filed 12/10/2025:
92
SAIL 10Q Filed 12/10/2025:
89
SKIL 10Q Filed 12/10/2025:
87
MTN 10Q Filed 12/10/2025:
57
EMCGU 10Q Filed 12/10/2025:
51
IDT 10Q Filed 12/10/2025:
69
CTRN 10Q Filed 12/10/2025:
73
DLHC 10K Filed 12/10/2025:
85
ASYS 10K Filed 12/10/2025:
80
ALOT 10Q Filed 12/10/2025:
95
DAKT 10Q Filed 12/10/2025:
94
CHWY 10Q Filed 12/10/2025:
80
REVG 10K Filed 12/10/2025:
99
UEC 10Q Filed 12/9/2025:
61
 

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