Paychex, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Description of Business, Basis of Presentation, and Significant Accounting Policies (Tables)

Description of Business, Basis of Presentation, and Significant Accounting Policies (Tables)

3 Months Ended

Aug. 31, 2025

Schedule of Accounts Receivable, Net of Allowance for Credit Losses

Accounts receivable balances are shown on the Consolidated Balance Sheets net of the allowance for credit losses as follows:


	August 31,		May 31,
In millions	2025		2025
Trade receivables	$	222.1	$	205.4
Purchased receivables		1,161.6		1,151.1
Total accounts receivable, gross		1,383.7		1,356.5
Less: Allowance for credit losses		24.4		26.0
Accounts receivable, net of allowance for credit losses	$	1,359.3	$	1,330.5

Schedule of Allowance for Credit Losses Activity Related to Accounts Receivables

Allowance for credit losses activity related to accounts receivables are as follows:


	Three months ended August 31,
In millions	2025			2024
Balance, beginning of period	$	26.0		$	21.3
Provision for credit losses		7.7			7.5
Write-offs and recoveries		(9.3	)		(2.8	)
Balance, end of period	$	24.4		$	26.0

No single client had a material impact on total accounts receivable as of August 31, 2025 and May 31, 2025 or service revenue and results of operations for the three months ended August 31, 2025 and August 31, 2024.