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Paychex, Inc. (PAYX)

109.28 +1.07 (+0.98%)
As of 10:04:56 AM EDT. Market Open.
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What's happening with PAYX?

17m ago
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Paychex’s latest earnings showed modest growth, stronger margins, and a narrow beat, while management maintained its fiscal 2027 outlook. Investors are balancing the company’s recurring revenue and dividend appeal against slower sales growth, acquisition-related debt, and a high payout ratio. PAYX was up 1.62% in the current regular session on October 29, 2026.

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  • Previous Close 108.21
  • Open 109.61
  • Bid 103.18 x 100
  • Ask 115.82 x 100
  • Day's Range 108.97 - 110.06
  • 52 Week Range 85.45 - 127.98
  • Volume 191,855
  • Avg. Volume 2,906,092
  • Market Cap (intraday) 38.9B
  • Beta (5Y Monthly) 0.85
  • PE Ratio (TTM) 21.68
  • EPS (TTM) 5.04
  • Earnings Date (est.) Dec 18, 2026
  • Forward Dividend & Yield 4.76 (4.40%)
  • 1y Target Est 114.57
  • Morningstar Rating Rating available with Stock Picks access

Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for human resources, payroll processing, employee benefits, and insurance services for small to medium-sized businesses in the United States, Europe, Canada, India, and Israel. It offers technology and advisory solutions; and payroll tax administration services. The company also provides retirement solutions, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services; HCM solutions from recruiting and hiring to retirement; and talent management and talent acquisition services. In addition, it offers payroll solutions, including calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients' payroll obligations. Further, the company provides workforce management solutions; benefits administration solutions; digital marketplace for earned wages, financial wellness solutions, and voluntary lifestyle benefits; administrative services organization HR outsourcing solutions; solutions to payroll and non-payroll customers; retirement and funding solutions; and insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. Additionally, it offers payroll, HR, employee benefits administration, retirement, insurance, risk management outsourcing, and access to professionally trained HR representatives, virtually and on-site. It markets and sells its solutions primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.

www.paychex.com

17,600

Full Time Employees

May 31

Fiscal Year Ends

Technology

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/29/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

PAYX
1.75%
S&P 500 (^GSPC)
12.81%

1-Year Return

PAYX
1.83%
S&P 500 (^GSPC)
12.07%

3-Year Return

PAYX
11.57%
S&P 500 (^GSPC)
87.56%

5-Year Return

PAYX
4.01%
S&P 500 (^GSPC)
67.68%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY27
Revenue 1.63B
Earnings 429.7M
Profit Margin 26.35%

Q2

FY26

Q3

FY26

Q4

FY26

Q1

FY27

0
500M
1B
2B
26.0%
27.0%
28.0%
29.0%
30.0%

Analyst Insights

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Analyst Price Targets

96.00 Low
114.57 Average
109.28 Current
150.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 9/28/2026
Analyst Baird
Rating Action Maintains
Rating Neutral
Price Action Lowers
Price Target 125 -> 110

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    27.35%

  • Return on Assets (ttm)

    10.19%

  • Return on Equity (ttm)

    47.06%

  • Revenue (ttm)

    6.6B

  • Net Income Avi to Common (ttm)

    1.81B

  • Diluted EPS (ttm)

    5.04

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    934.2M

  • Total Debt/Equity (mrq)

    124.70%

  • Levered Free Cash Flow (ttm)

    1.89B

Company Insights

Research Reports

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