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Paychex Inc – ‘10-Q’ for 2/29/20 – ‘EX-101.PRE’

On:  Friday, 3/27/20, at 4:25pm ET   ·   For:  2/29/20   ·   Accession #:  723531-20-17   ·   File #:  0-11330

Previous ‘10-Q’:  ‘10-Q’ on 12/20/19 for 11/30/19   ·   Next:  ‘10-Q’ on 10/9/20 for 8/31/20   ·   Latest:  ‘10-Q’ on 4/2/24 for 2/29/24

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/27/20  Paychex Inc                       10-Q        2/29/20   91:19M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.60M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     37K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     37K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     31K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     31K 
49: R1          Document and Entity Information                     HTML     79K 
78: R2          Consolidated Statements of Income and               HTML     87K 
                Comprehensive Income                                             
68: R3          Consolidated Balance Sheets                         HTML    150K 
20: R4          Consolidated Balance Sheets (Parenthetical)         HTML     36K 
48: R5          Consolidated Statements of Stockholders' Equity     HTML     76K 
77: R6          Consolidated Statements of Stockholders' Equity     HTML     29K 
                (Parenthetical)                                                  
67: R7          Consolidated Statements of Cash Flows               HTML    122K 
19: R8          Description of Business, Basis of Presentation,     HTML     97K 
                and Significant Accounting Policies                              
50: R9          Service Revenue                                     HTML    342K 
32: R10         Basic and Diluted Earnings Per Share                HTML    141K 
24: R11         Business Combinations                               HTML    114K 
52: R12         Other (Expense)/Income, Net                         HTML     85K 
82: R13         Funds Held for Clients and Corporate Investments    HTML    530K 
33: R14         Fair Value Measurements                             HTML    450K 
25: R15         Leases                                              HTML    152K 
53: R16         Property and Equipment, Net of Accumulated          HTML     86K 
                Depreciation                                                     
83: R17         Goodwill and Intangible Assets, Net of Accumulated  HTML    107K 
                Amortization                                                     
34: R18         Accumulated Other Comprehensive Income/(Loss)       HTML    123K 
23: R19         Short-term Financing                                HTML    286K 
70: R20         Long-Term Financing                                 HTML     83K 
79: R21         Commitments and Contingencies                       HTML     37K 
46: R22         Income Taxes                                        HTML     33K 
17: R23         Description of Business, Basis of Presentation,     HTML    114K 
                and Significant Accounting Policies (Policy)                     
71: R24         Service Revenue (Tables)                            HTML    314K 
80: R25         Basic and Diluted Earnings Per Share (Tables)       HTML    133K 
47: R26         Business Combinations (Tables)                      HTML    102K 
18: R27         Other (Expense)/Income, Net (Tables)                HTML     83K 
69: R28         Funds Held for Clients and Corporate Investments    HTML    519K 
                (Tables)                                                         
81: R29         Fair Value Measurements (Tables)                    HTML    433K 
86: R30         Leases (Tables)                                     HTML    147K 
56: R31         Property and Equipment, Net of Accumulated          HTML     83K 
                Depreciation (Tables)                                            
22: R32         Goodwill and Intangible Assets, Net of Accumulated  HTML    104K 
                Amortization (Tables)                                            
31: R33         Accumulated Other Comprehensive Income/(Loss)       HTML    119K 
                (Tables)                                                         
85: R34         Short-term Financing (Tables)                       HTML    263K 
55: R35         Long-Term Financing (Tables)                        HTML     81K 
21: R36         Description of Business, Basis of Presentation,     HTML     83K 
                and Significant Accounting Policies (Narrative)                  
                (Details)                                                        
30: R37         Service Revenue (Narrative) (Details)               HTML     50K 
84: R38         Service Revenue (Narrative) (Performance            HTML     38K 
                Obligation) (Details)                                            
57: R39         Service Revenue (Summary of Disaggregates Revenue   HTML     35K 
                by Services) (Details)                                           
74: R40         Service Revenue (Summary of Changes in Deferred     HTML     34K 
                Revenue Related to Material Right Performance                    
                Obligations) (Details)                                           
63: R41         Service Revenue (Summary of Changes in Deferred     HTML     40K 
                Costs to Obtain and Fulfill Contracts) (Details)                 
16: R42         Basic and Diluted Earnings Per Share (Narrative)    HTML     51K 
                (Details)                                                        
45: R43         Basic and Diluted Earnings Per Share (Basic and     HTML     55K 
                Diluted Earnings Per Share) (Details)                            
73: R44         Business Combinations (Narrative) (Details)         HTML     58K 
62: R45         Business Combinations (Acquisition Date Fair        HTML     80K 
                Values To Acquired Net Assets) (Details)                         
15: R46         Business Combinations (Summary Of Pro Forma         HTML     31K 
                Information) (Details)                                           
44: R47         Other (Expense)/Income, Net (Schedule of Interest   HTML     37K 
                (Expense)/Income, Net) (Details)                                 
72: R48         Funds Held for Clients and Corporate Investments    HTML     48K 
                (Narrative) (Details)                                            
64: R49         Funds Held for Clients and Corporate Investments    HTML     82K 
                (Funds Held for Clients and Corporate Investments)               
                (Details)                                                        
59: R50         Funds Held for Clients and Corporate Investments    HTML     37K 
                (Classification of Investments on Consolidated                   
                Balance Sheets) (Details)                                        
87: R51         Funds Held for Clients and Corporate Investments    HTML     57K 
                (Securities in Unrealized Loss Position) (Details)               
38: R52         Funds Held for Clients and Corporate Investments    HTML     33K 
                (Realized Gains and Losses from Sale of                          
                Available-for-sale Securities) (Details)                         
28: R53         Funds Held for Clients and Corporate Investments    HTML     53K 
                (Amortized Cost and Fair Value of                                
                Available-for-Sale Securities by Contractual                     
                Maturity) (Details)                                              
60: R54         Fair Value Measurements (Narrative) (Details)       HTML     31K 
88: R55         Fair Value Measurements (Financial Assets and       HTML     79K 
                Liabilities Measured at Fair Value on Recurring                  
                Basis) (Details)                                                 
39: R56         Fair Value Measurements (Financial Liabilities      HTML     53K 
                Measured at Fair Value on Non-Recurring Basis)                   
                (Details)                                                        
29: R57         Leases (Narrative) (Details)                        HTML     42K 
58: R58         Leases (Supplemental Balance Sheet Information      HTML     39K 
                Related to Leases) (Details)                                     
89: R59         Leases (Components of Lease Expense) (Details)      HTML     34K 
40: R60         Leases (Supplemental Cash Flow Information Related  HTML     33K 
                to Leases) (Details)                                             
12: R61         Leases (Future Lease Payments) (Details)            HTML     53K 
65: R62         Property and Equipment, Net of Accumulated          HTML     30K 
                Depreciation (Narrative) (Details)                               
75: R63         Property and Equipment, Net of Accumulated          HTML     54K 
                Depreciation (Components of Property and                         
                Equipment, at Cost) (Details)                                    
41: R64         Goodwill and Intangible Assets, Net of Accumulated  HTML     32K 
                Amortization (Narrative) (Details)                               
13: R65         Goodwill and Intangible Assets, Net of Accumulated  HTML     38K 
                Amortization (Change in Goodwill) (Details)                      
66: R66         Goodwill and Intangible Assets, Net of Accumulated  HTML     38K 
                Amortization (Components of Intangible Assets, at                
                Cost) (Details)                                                  
76: R67         Goodwill and Intangible Assets, Net of Accumulated  HTML     39K 
                Amortization (Estimated Amortization Expense)                    
                (Details)                                                        
43: R68         Accumulated Other Comprehensive Income/(Loss)       HTML     49K 
                (Changes in Accumulated Other Comprehensive                      
                Income/(Loss)) (Details)                                         
11: R69         Short-term Financing (Narrative) (Details)          HTML    124K 
27: R70         Short-term Financing (Description of Credit         HTML     47K 
                Facilities) (Details)                                            
37: R71         Short-term Financing (Credit Facility Amount        HTML     50K 
                Borrowed) (Details)                                              
91: R72         Long-Term Financing (Narrative) (Details)           HTML     41K 
61: R73         Long-Term Financing (Schedule Of Long-Term Debt)    HTML     43K 
                (Details)                                                        
26: R74         Long-Term Financing (Information Related To Senior  HTML     47K 
                Notes) (Details)                                                 
35: R75         Commitments and Contingencies (Narrative)           HTML     28K 
                (Details)                                                        
90: R76         Income Taxes (Narrative) (Details)                  HTML     30K 
51: XML         IDEA XML File -- Filing Summary                      XML    177K 
36: XML         XBRL Instance -- payx-20200229x10q_htm               XML   5.90M 
42: EXCEL       IDEA Workbook of Financial Reports                  XLSX     98K 
 7: EX-101.CAL  XBRL Calculations -- payx-20200229_cal               XML    267K 
 8: EX-101.DEF  XBRL Definitions -- payx-20200229_def                XML    602K 
 9: EX-101.LAB  XBRL Labels -- payx-20200229_lab                     XML   1.46M 
10: EX-101.PRE  XBRL Presentations -- payx-20200229_pre              XML   1.06M 
 6: EX-101.SCH  XBRL Schema -- payx-20200229                         XSD    201K 
14: JSON        XBRL Instance as JSON Data -- MetaLinks              357±   561K 
54: ZIP         XBRL Zipped Folder -- 0000723531-20-000017-xbrl      Zip    287K

‘EX-101.PRE’   —   XBRL Presentations — payx-20200229_pre

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
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<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#StatementConsolidatedBalanceSheets" roleURI="http://www.paychex.com/role/StatementConsolidatedBalanceSheets"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#StatementConsolidatedBalanceSheetsParenthetical" roleURI="http://www.paychex.com/role/StatementConsolidatedBalanceSheetsParenthetical"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#StatementConsolidatedStatementsOfStockholdersEquity" roleURI="http://www.paychex.com/role/StatementConsolidatedStatementsOfStockholdersEquity"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#StatementConsolidatedStatementsOfStockholdersEquityParenthetical" roleURI="http://www.paychex.com/role/StatementConsolidatedStatementsOfStockholdersEquityParenthetical"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#StatementConsolidatedStatementsOfCashFlows" roleURI="http://www.paychex.com/role/StatementConsolidatedStatementsOfCashFlows"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureDescriptionOfBusinessBasisOfPresentationAndSignificantAccountingPolicies" roleURI="http://www.paychex.com/role/DisclosureDescriptionOfBusinessBasisOfPresentationAndSignificantAccountingPolicies"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureServiceRevenue" roleURI="http://www.paychex.com/role/DisclosureServiceRevenue"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureBasicAndDilutedEarningsPerShare" roleURI="http://www.paychex.com/role/DisclosureBasicAndDilutedEarningsPerShare"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureBusinessCombinations" roleURI="http://www.paychex.com/role/DisclosureBusinessCombinations"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureOtherExpenseIncomeNet" roleURI="http://www.paychex.com/role/DisclosureOtherExpenseIncomeNet"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFundsHeldForClientsAndCorporateInvestments" roleURI="http://www.paychex.com/role/DisclosureFundsHeldForClientsAndCorporateInvestments"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFairValueMeasurements" roleURI="http://www.paychex.com/role/DisclosureFairValueMeasurements"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureLeases" roleURI="http://www.paychex.com/role/DisclosureLeases"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosurePropertyAndEquipmentNetOfAccumulatedDepreciation" roleURI="http://www.paychex.com/role/DisclosurePropertyAndEquipmentNetOfAccumulatedDepreciation"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureGoodwillAndIntangibleAssetsNetOfAccumulatedAmortization" roleURI="http://www.paychex.com/role/DisclosureGoodwillAndIntangibleAssetsNetOfAccumulatedAmortization"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureAccumulatedOtherComprehensiveIncomeLoss" roleURI="http://www.paychex.com/role/DisclosureAccumulatedOtherComprehensiveIncomeLoss"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureShortTermFinancing" roleURI="http://www.paychex.com/role/DisclosureShortTermFinancing"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureLongTermFinancing" roleURI="http://www.paychex.com/role/DisclosureLongTermFinancing"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureCommitmentsAndContingencies" roleURI="http://www.paychex.com/role/DisclosureCommitmentsAndContingencies"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureIncomeTaxes" roleURI="http://www.paychex.com/role/DisclosureIncomeTaxes"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureDescriptionOfBusinessBasisOfPresentationAndSignificantAccountingPoliciesPolicy" roleURI="http://www.paychex.com/role/DisclosureDescriptionOfBusinessBasisOfPresentationAndSignificantAccountingPoliciesPolicy"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureServiceRevenueTables" roleURI="http://www.paychex.com/role/DisclosureServiceRevenueTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureBasicAndDilutedEarningsPerShareTables" roleURI="http://www.paychex.com/role/DisclosureBasicAndDilutedEarningsPerShareTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureBusinessCombinationsTables" roleURI="http://www.paychex.com/role/DisclosureBusinessCombinationsTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureOtherExpenseIncomeNetTables" roleURI="http://www.paychex.com/role/DisclosureOtherExpenseIncomeNetTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFundsHeldForClientsAndCorporateInvestmentsTables" roleURI="http://www.paychex.com/role/DisclosureFundsHeldForClientsAndCorporateInvestmentsTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFairValueMeasurementsTables" roleURI="http://www.paychex.com/role/DisclosureFairValueMeasurementsTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureLeasesTables" roleURI="http://www.paychex.com/role/DisclosureLeasesTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosurePropertyAndEquipmentNetOfAccumulatedDepreciationTables" roleURI="http://www.paychex.com/role/DisclosurePropertyAndEquipmentNetOfAccumulatedDepreciationTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureGoodwillAndIntangibleAssetsNetOfAccumulatedAmortizationTables" roleURI="http://www.paychex.com/role/DisclosureGoodwillAndIntangibleAssetsNetOfAccumulatedAmortizationTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureAccumulatedOtherComprehensiveIncomeLossTables" roleURI="http://www.paychex.com/role/DisclosureAccumulatedOtherComprehensiveIncomeLossTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureShortTermFinancingTables" roleURI="http://www.paychex.com/role/DisclosureShortTermFinancingTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureLongTermFinancingTables" roleURI="http://www.paychex.com/role/DisclosureLongTermFinancingTables"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureDescriptionOfBusinessBasisOfPresentationAndSignificantAccountingPoliciesNarrativeDetails" roleURI="http://www.paychex.com/role/DisclosureDescriptionOfBusinessBasisOfPresentationAndSignificantAccountingPoliciesNarrativeDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureServiceRevenueNarrativeDetails" roleURI="http://www.paychex.com/role/DisclosureServiceRevenueNarrativeDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureServiceRevenueNarrativePerformanceObligationDetails" roleURI="http://www.paychex.com/role/DisclosureServiceRevenueNarrativePerformanceObligationDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureServiceRevenueSummaryOfDisaggregatesRevenueByServicesDetails" roleURI="http://www.paychex.com/role/DisclosureServiceRevenueSummaryOfDisaggregatesRevenueByServicesDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureServiceRevenueSummaryOfChangesInDeferredRevenueRelatedToMaterialRightPerformanceObligationsDetails" roleURI="http://www.paychex.com/role/DisclosureServiceRevenueSummaryOfChangesInDeferredRevenueRelatedToMaterialRightPerformanceObligationsDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureServiceRevenueSummaryOfChangesInDeferredCostsToObtainAndFulfillContractsDetails" roleURI="http://www.paychex.com/role/DisclosureServiceRevenueSummaryOfChangesInDeferredCostsToObtainAndFulfillContractsDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureBasicAndDilutedEarningsPerShareNarrativeDetails" roleURI="http://www.paychex.com/role/DisclosureBasicAndDilutedEarningsPerShareNarrativeDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureBasicAndDilutedEarningsPerShareBasicAndDilutedEarningsPerShareDetails" roleURI="http://www.paychex.com/role/DisclosureBasicAndDilutedEarningsPerShareBasicAndDilutedEarningsPerShareDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureBusinessCombinationsNarrativeDetails" roleURI="http://www.paychex.com/role/DisclosureBusinessCombinationsNarrativeDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureBusinessCombinationsAcquisitionDateFairValuesToAcquiredNetAssetsDetails" roleURI="http://www.paychex.com/role/DisclosureBusinessCombinationsAcquisitionDateFairValuesToAcquiredNetAssetsDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureBusinessCombinationsSummaryOfProFormaInformationDetails" roleURI="http://www.paychex.com/role/DisclosureBusinessCombinationsSummaryOfProFormaInformationDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureOtherExpenseIncomeNetScheduleOfInterestExpenseIncomeNetDetails" roleURI="http://www.paychex.com/role/DisclosureOtherExpenseIncomeNetScheduleOfInterestExpenseIncomeNetDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFundsHeldForClientsAndCorporateInvestmentsNarrativeDetails" roleURI="http://www.paychex.com/role/DisclosureFundsHeldForClientsAndCorporateInvestmentsNarrativeDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFundsHeldForClientsAndCorporateInvestmentsFundsHeldForClientsAndCorporateInvestmentsDetails" roleURI="http://www.paychex.com/role/DisclosureFundsHeldForClientsAndCorporateInvestmentsFundsHeldForClientsAndCorporateInvestmentsDetails"> </roleRef>
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<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFundsHeldForClientsAndCorporateInvestmentsRealizedGainsAndLossesFromSaleOfAvailableForSaleSecuritiesDetails" roleURI="http://www.paychex.com/role/DisclosureFundsHeldForClientsAndCorporateInvestmentsRealizedGainsAndLossesFromSaleOfAvailableForSaleSecuritiesDetails"> </roleRef>
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<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFairValueMeasurementsNarrativeDetails" roleURI="http://www.paychex.com/role/DisclosureFairValueMeasurementsNarrativeDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisDetails" roleURI="http://www.paychex.com/role/DisclosureFairValueMeasurementsFinancialAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureFairValueMeasurementsFinancialLiabilitiesMeasuredAtFairValueOnNonRecurringBasisDetails" roleURI="http://www.paychex.com/role/DisclosureFairValueMeasurementsFinancialLiabilitiesMeasuredAtFairValueOnNonRecurringBasisDetails"> </roleRef>
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<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureLeasesComponentsOfLeaseExpenseDetails" roleURI="http://www.paychex.com/role/DisclosureLeasesComponentsOfLeaseExpenseDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureLeasesSupplementalCashFlowInformationRelatedToLeasesDetails" roleURI="http://www.paychex.com/role/DisclosureLeasesSupplementalCashFlowInformationRelatedToLeasesDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosureLeasesFutureLeasePaymentsDetails" roleURI="http://www.paychex.com/role/DisclosureLeasesFutureLeasePaymentsDetails"> </roleRef>
<roleRef xlink:type="simple" xlink:href="payx-20200229.xsd#DisclosurePropertyAndEquipmentNetOfAccumulatedDepreciationNarrativeDetails" roleURI="http://www.paychex.com/role/DisclosurePropertyAndEquipmentNetOfAccumulatedDepreciationNarrativeDetails"> </roleRef>
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