Risk factors

Paychex (PAYX) risk factors

Item 1A of every Paychex Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2026 10-K risk factors
    24 risks1 new1 dropped5 reworded

    AI is newly identified as a material risk, including inaccurate outputs, legal exposure, customer adoption problems, and industry disruption.

    Filed Jul 17, 2026
  • FY2025 10-K risk factors
    24 risks

    Paychex relies heavily on technology integrations, particularly new AI solutions and acquisitions like Paycor.

    Filed Jul 11, 2025