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.
- FY2026 10-K risk factors
24 risks, 1 new, 1 dropped, 5 reworded since the prior year. 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