PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 52,708 Value ($000) $5,913 Avg Close $116.54 Range $108.00 - $128.00

Q3 2025

Shares 52,068 Value ($000) $6,600 Avg Close $137.17 Range $117.88 - $146.69

Q2 2025

Shares 52,962 Value ($000) $7,704 Avg Close $147.52 Range $131.76 - $158.49

Q1 2025

Shares 55,399 Value ($000) $8,547 Avg Close $143.17 Range $130.91 - $154.56

Q4 2024

Shares 52,224 Value ($000) $7,323 Avg Close $137.31 Range $127.32 - $146.13

Q3 2024

Shares 54,481 Value ($000) $7,669 Avg Close $121.91 Range $110.27 - $132.34

Q2 2024

Shares 52,345 Value ($000) $6,206 Avg Close $116.34 Range $108.73 - $122.07

Q1 2024

Shares 51,561 Value ($000) $6 Avg Close $114.65 Range $109.88 - $118.72

Q4 2023

Shares 55,967 Value ($000) $7 Avg Close $111.08 Range $99.22 - $122.00

Q3 2023

Shares 51,699 Value ($000) $6 Avg Close $112.19 Range $102.46 - $120.23

Q2 2023

Shares 48,132 Value ($000) $5 Avg Close $101.03 Range $96.32 - $106.39

Q1 2023

Shares 41,211 Value ($000) $5 Avg Close $104.30 Range $97.60 - $110.45

Q4 2022

Shares 36,148 Value ($000) $4 Avg Close $106.57 Range $95.82 - $116.78

Q3 2022

Shares 36,333 Value ($000) $4,077 Avg Close $112.11 Range $100.21 - $126.48

Q2 2022

Shares 34,220 Value ($000) $3,897 Avg Close $112.87 Range $99.58 - $127.09

Q1 2022

Shares 17,707 Value ($000) $2,416 Avg Close $109.73 Range $98.39 - $125.97

Q4 2021

Shares 16,898 Value ($000) $2,307 Avg Close $109.87 Range $98.59 - $123.71

Q3 2021

Shares 18,962 Value ($000) $2,132 Avg Close $99.29 Range $94.17 - $104.68

Q2 2021

Shares 16,394 Value ($000) $1,759 Avg Close $88.28 Range $81.10 - $95.27

Q1 2021

Shares 11,799 Value ($000) $1,157 Avg Close $80.38 Range $74.08 - $88.33

Q4 2020

Shares 10,937 Value ($000) $1,019 Avg Close $76.93 Range $67.23 - $86.80

Q3 2020

Shares 11,416 Value ($000) $911 Avg Close $64.54 Range $59.78 - $69.40

Q2 2020

Shares 8,852 Value ($000) $671 Avg Close $58.96 Range $49.78 - $68.91

Q1 2020

Shares 10,886 Value ($000) $685 Avg Close $67.41 Range $40.50 - $76.59

Q4 2019

Shares 12,673 Value ($000) $1,078 Avg Close $70.68 Range $66.71 - $73.78

Q3 2019

Shares 10,929 Value ($000) $904 Avg Close $69.13 Range $65.71 - $71.95

Q2 2019

Shares 7,331 Value ($000) $603 Avg Close $69.57 Range $65.71 - $73.20

Q1 2019

Shares 24,268 Value ($000) $1,581 Avg Close $60.45 Range $51.63 - $66.34

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	52,708	$5,913	$116.54	$108.00 - $128.00
Q3 2025	52,068	$6,600	$137.17	$117.88 - $146.69
Q2 2025	52,962	$7,704	$147.52	$131.76 - $158.49
Q1 2025	55,399	$8,547	$143.17	$130.91 - $154.56
Q4 2024	52,224	$7,323	$137.31	$127.32 - $146.13
Q3 2024	54,481	$7,669	$121.91	$110.27 - $132.34
Q2 2024	52,345	$6,206	$116.34	$108.73 - $122.07
Q1 2024	51,561	$6	$114.65	$109.88 - $118.72
Q4 2023	55,967	$7	$111.08	$99.22 - $122.00
Q3 2023	51,699	$6	$112.19	$102.46 - $120.23
Q2 2023	48,132	$5	$101.03	$96.32 - $106.39
Q1 2023	41,211	$5	$104.30	$97.60 - $110.45
Q4 2022	36,148	$4	$106.57	$95.82 - $116.78
Q3 2022	36,333	$4,077	$112.11	$100.21 - $126.48
Q2 2022	34,220	$3,897	$112.87	$99.58 - $127.09
Q1 2022	17,707	$2,416	$109.73	$98.39 - $125.97
Q4 2021	16,898	$2,307	$109.87	$98.59 - $123.71
Q3 2021	18,962	$2,132	$99.29	$94.17 - $104.68
Q2 2021	16,394	$1,759	$88.28	$81.10 - $95.27
Q1 2021	11,799	$1,157	$80.38	$74.08 - $88.33
Q4 2020	10,937	$1,019	$76.93	$67.23 - $86.80
Q3 2020	11,416	$911	$64.54	$59.78 - $69.40
Q2 2020	8,852	$671	$58.96	$49.78 - $68.91
Q1 2020	10,886	$685	$67.41	$40.50 - $76.59
Q4 2019	12,673	$1,078	$70.68	$66.71 - $73.78
Q3 2019	10,929	$904	$69.13	$65.71 - $71.95
Q2 2019	7,331	$603	$69.57	$65.71 - $73.20
Q1 2019	24,268	$1,581	$60.45	$51.63 - $66.34