PAYX, risk-factor evolution
Item 1A (Risk Factors) year-over-year changes. Pre-computed at ingest time: paragraph adds/removes plus term-frequency cosine similarity between consecutive years.
📞 Earnings calls for PAYX on Subtext ↗Section length over time
- Carried over
- Newly added
Item 1A word count by fiscal year, split into text carried over from the prior year vs. newly added (from year-over-year diffs).
Year-over-year transitions
| Years | Similarity | Added | Removed | Section length | |
|---|---|---|---|---|---|
| 2016 → 2017 | 0.99 | +2822 | -2164 | 2822 words | Diff → |
| 2017 → 2018 | 1.00 | +3077 | -2822 | 3077 words | Diff → |
| 2018 → 2019 | 0.99 | +4005 | -3077 | 4005 words | Diff → |
| 2019 → 2020 | 1.00 | +4670 | -4005 | 4670 words | Diff → |
| 2020 → 2021 | 1.00 | +4801 | -4670 | 4801 words | Diff → |
| 2021 → 2022 | 1.00 | +2486 | -2330 | 4957 words | Diff → |
| 2022 → 2023 | 1.00 | +3055 | -3197 | 4815 words | Diff → |
| 2023 → 2024 | 1.00 | +3273 | -3039 | 5049 words | Diff → |
| 2024 → 2025 | 1.00 | +3399 | -2722 | 5726 words | Diff → |