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 12/20/2019 to 10/1/2024 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.
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
XBRL?   [ original filing, PAYX stockholder letter ]
Total numbers found: 545
Recent share count: 359,741,705 (3's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
545
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 5 numbers to move any given column by a full percentage point.
72

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 2's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 2's percentage was below the company's typical historical 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 3's percentage was above the company's typical historical range.
 • We deducted points upon observing the 5's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 5's percentage was below the company's typical historical range.
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
Benford's Law Stocks Indicator
PAYX
Normal-to-low score compared to other filers, falling within the bottom of the middle 50%.
NMRK
OCFC
PECO
PRGS
NVTS
OTEX
PCH
PLXS
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 158 numbers that start with the digit 1. Here they are:
1,281.0
1,253.3
1,318.5
1,286.0
10.4
12.8
129.7
129.9
1.19
1.16
1.18
1.16
1,459.6
1,468.9
1,126.2
1,059.6
187.7
194.5
1,884.9
1,882.7
117.2
115.0
10,489.1
10,383.1
104.3
120.8
135.0
18.9
18.7
1,500.3
1,440.4
108.6
102.6
1,761.7
1,729.5
145.1
10,489.1
10,383.1
1,729.5
120.7
145.1
100.0
104.0
16.5
16.5
19.7
1,761.7
1,626.4
130.3
159.9
16.0
16.0
1,666.4
154.2
183.1
1.4
16.5
16.0
11.0
1.0
104.4
1.7
1,029.7
1,923.5
1,013.0
12.6
110.0
13.2
1,383.5
104.0
1,069.4
1,749.2
1,897.0
1,848.1
1,459.6
1,645.9
1,848.1
162.5
141.3
1.7
1.0
1.0
1.0
16.5
16.0
18.6
165.8
162.5
12.9
1.19
1.16
1.8
1.18
1.16
128.9
15.7
146.1
18.9
19.9
1
10.4
12.8
132.5
133.1
1,422.0
11.5
12.4
1,421.1
1,059.5
17.6
1.2
135.7
1
1.1
134.7
1,400.3
1.3
1,368.8
1,060.1
1
1.7
164.2
1.6
165.8
162.5
1
14.4
12.3
12.4
1
116.1
1,889.9
1.1
120.4
1,268.6
102.5
1,068.9
141.2
164.2
1,703.7
1,644.6
1,232.2
1,210.7
16.9
16.9
16.9
133.1
133.1
1,421.1
1,421.1
134.7
134.7
1,368.8
1,368.8
11.8
10.8
165.4
168.5
We found 60 numbers that start with the digit 2. Here they are:
297.8
23.2
22.9
23.3
243.0
236.8
2,165.4
2,213.0
2,213.0
24.4
20.2
22.2
2.5
2,165.4
21.4
2,023.1
29.6
23.9
23.9
23.9
24.0
20.0
2,100.9
28.9
2.8
26.3
2,200.7
208.0
25.1
2.5
2,134.9
2,188.4
25.0
21.3
23.0
25.3
26.4
21.7
2.0
21.5
23.9
21.6
2
2.4
25.0
27.4
23.8
23.9
2,006.0
24.4
268.2
23.0
2,102.7
263.7
259.7
27.2
2.0
2.9
23.3
23.7
We found 133 numbers that start with the digit 3. Here they are:
359,898,021
319.3
37.5
32.7
380.0
360.2
391.8
389.5
396.0
360.1
360.8
361.9
362.8
38.4
33.9
342.4
321.9
3,598.2
3,545.3
3,763.2
3,706.2
3.7
3,843.6
3,868.7
359.9
360.1
3.6
3.6
3,850.4
3,801.0
360.1
3.6
3,801.0
352.8
352.8
3.0
3.0
3.0
359.9
3.6
3,850.4
360.5
3.6
3,493.2
321.4
321.4
361.2
3.6
3,587.8
39.0
3.2
36.4
38.1
37.2
35.6
38.7
3.8
353.4
321.9
3,884.1
333.6
3,884.1
37.2
360.1
360.8
360.1
360.8
361.9
362.8
333.6
333.6
3
3,511.7
3,431.3
33.9
36.7
3,879.2
3,801.6
380.3
380.3
32.8
3,492.1
3,329.6
32.3
3.2
33.9
3,904.7
3,743.8
3,763.2
3,706.2
38.4
33.9
3.7
3,801.6
3,743.8
3
3
39.9
32.8
37.2
3,171.6
312.1
316.3
3,511.7
3,431.3
374.9
374.9
391.8
374.9
3,431.3
3,431.3
36.7
36.7
36.7
36.7
386.4
386.4
31.4
31.4
31.4
386.4
3,329.6
3,329.6
33.9
33.9
33.9
33.9
397.0
391.8
398.6
386.0
30.4
3.9
4's 5's 6's
We found 51 numbers that start with the digit 4. Here they are:
427.4
419.2
492.2
47.8
47.5
417.4
411.7
49.5
46.9
471.0
477.1
478.7
469.8
49.4
49.0
427.4
427.4
4.0
419.2
419.2
4.0
400.0
400.0
427.4
419.2
41.2
4.3
4
45.1
4.0
485.0
48.9
49.8
45.3
427.4
419.2
427.4
419.2
46.7
4.4
4.0
43.4
4.9
424.7
439.1
4.3
4.5
4
43.0
43.4
417.8
We found 28 numbers that start with the digit 5. Here they are:
546.7
536.3
557.1
549.1
54.9
553.8
542.4
50.3
50.2
5,343.9
5,309.1
58.9
58.5
57.2
51.6
546.1
54.9
5
597.5
55.7
51.8
50.6
59.4
57.1
530.1
570.0
547.2
5.50
We found 37 numbers that start with the digit 6. Here they are:
64.8
677.2
662.4
6,638.7
6,582.1
600.0
61.8
61.8
61.8
6
65.6
62.2
6.6
6
693.0
6.5
6,881.6
6,414.6
62.0
67.0
609.4
602.9
602.6
6.3
6.5
6.7
6.6
6
6
61.4
675
67
61.4
620.8
647.8
6.2
6.14
7's 8's 9's
We found 28 numbers that start with the digit 7. Here they are:
771.8
749.7
7,361.4
7,251.5
73.5
798.7
798.6
7.6
7
7
7
7
7.5
72.4
7
74.9
7.6
7.9
73.4
73.4
76.6
75.3
76.2
75.2
7
77.4
7
78.9
We found 23 numbers that start with the digit 8. Here they are:
80.9
86.0
80.3
8
80.3
89
8.4
8
897.7
878.2
86.9
896.0
852.7
80.4
8.4
8.0
864.7
86.9
815.4
878.2
878.2
852.7
852.7
We found 27 numbers that start with the digit 9. Here they are:
961.7
955.5
95.1
98
988.7
939.6
9.1
95.1
9.6
9.4
9
998.9
98.0
99.2
973.4
957
95
910.1
969.5
93.5
98.0
967.2
98.0
998.9
998.9
973.4
973.4
While the above PAYX 10Q Filed 10/1/2024 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 10/1/2024 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.

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 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
22.9
18.0
19.4
11.2
6.6
7.5
4.5
5.8
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 921

= Typical PAYX range from 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
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: 79
XBRL?   [ original filing ]
Total numbers found: 701

= Typical PAYX range from 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
21.4
22.8
17.0
8.9
7.5
10.3
5.1
3.2
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 48
XBRL?   [ original filing ]
Total numbers found: 495

= Typical PAYX range from 12/20/2019 to 10/1/2024
25.9
16.6
16.0
12.6
9.0
7.7
5.1
4.1
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 936

= Typical PAYX range from 12/20/2019 to 10/1/2024
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: 58
XBRL?   [ original filing ]
Total numbers found: 705

= Typical PAYX range from 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
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: 69
XBRL?   [ original filing ]
Total numbers found: 691

= Typical PAYX range from 12/20/2019 to 10/1/2024
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 12/20/2019 to 10/1/2024
23.8
17.1
18.4
10.5
8.0
7.6
4.8
5.6
4.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL?   [ original filing ]
Total numbers found: 1,223

= Typical PAYX range from 12/20/2019 to 10/1/2024
 

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