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Paychex, Inc. (PAYX)

121.71 -3.37 (-2.69%)
At close: September 4 at 4:00:00 PM EDT
121.75 +0.04 (+0.03%)
After hours: September 4 at 7:30:03 PM EDT
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Paychex (PAYX) has shown a 30% riseover the past six months, driven by successful integration of Paycor and advancements in its AI platform, WISE. The company reported $1.61 billionin revenue for Q2, with significant growth expected in fiscal 2027.

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  • Previous Close 125.08
  • Open 123.47
  • Bid 115.92 x 100
  • Ask 128.85 x 100
  • Day's Range 121.65 - 123.58
  • 52 Week Range 85.45 - 136.05
  • Volume 1,841,302
  • Avg. Volume 3,099,184
  • Market Cap (intraday) 43.326B
  • Beta (5Y Monthly) --
  • PE Ratio (TTM) 25.57
  • EPS (TTM) 4.76
  • Earnings Date Sep 29, 2026
  • Forward Dividend & Yield 4.76 (3.81%)
  • Ex-Dividend Date Jul 28, 2026
  • 1y Target Est 114.93

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

August 31

Fiscal Year Ends

Technology

Sector

Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

PAYX
12.19%
S&P 500 (^GSPC)
12.75%

1-Year Return

PAYX
7.46%
S&P 500 (^GSPC)
18.71%

3-Year Return

PAYX
10.12%
S&P 500 (^GSPC)
70.93%

5-Year Return

PAYX
25.12%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY26
Revenue 1.61B
Earnings 420.6M
Profit Margin 26.20%

Q1

FY26

Q2

FY26

Q3

FY26

Q4

FY26

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

Analyst Insights

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Top Analyst

Wells Fargo
47/100
Latest Rating
Underweight

Analyst Price Targets

95.00 Low
114.93 Average
121.71 Current
150.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 8/13/2026
Analyst Jefferies
Rating Action Maintains
Rating Hold
Price Action Raises
Price Target 105 -> 120

Statistics

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Valuation Measures

Annual
As of 9/2/2026
  • Market Cap

    44.10B

  • Enterprise Value

    47.59B

  • Trailing P/E

    25.36

  • Forward P/E

    20.75

  • PEG Ratio (5yr expected)

    2.18

  • Price/Sales (ttm)

    6.86

  • Price/Book (mrq)

    11.81

  • Enterprise Value/Revenue

    7.31

  • Enterprise Value/EBITDA

    15.74

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    26.63%

  • Return on Assets (ttm)

    --

  • Return on Equity (ttm)

    --

  • Revenue (ttm)

    3.97B

  • Net Income Avi to Common (ttm)

    --

  • Diluted EPS (ttm)

    4.76

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    1.14B

  • Total Debt/Equity (mrq)

    123.97%

  • Levered Free Cash Flow (ttm)

    --

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Company Insights

Fair Value

121.71 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports

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  • Paychex Earnings: Paycor-Led Large Deal Momentum Drives Growth Despite Challenging Macro

    Paychex is a cloud-based human capital management provider offering payroll, compliance, talent management, benefits administration, and retirement services. The firm also provides HR outsourcing services, including professional employer organization, or PEO, offerings, enabling clients to reduce HR overhead. Paychex primarily targets small and midsize businesses, although its acquisition of Paycor in 2025 signals the firm's aspirations to expand into the midmarket segment, serving firms with more than 100 employees. As of fiscal 2026, Paychex has approximately 800,000 clients and manages payroll for one in 11 workers in the United States.

    Rating
    Price Target
  • Daily – Vickers Top Buyers & Sellers for 07/22/2026

    The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

  • Paychex Earnings: Paycor-Led Large Deal Momentum Drives Growth Despite Challenging Macro

    Paychex is a cloud-based human capital management provider offering payroll, compliance, talent management, benefits administration, and retirement services. The firm also provides HR outsourcing services, including professional employer organization, or PEO, offerings, enabling clients to reduce HR overhead. Paychex primarily targets small and midsize businesses, although its acquisition of Paycor in 2025 signals the firm's aspirations to expand into the midmarket segment, serving firms with more than 100 employees. As of fiscal 2026, Paychex has approximately 800,000 clients and manages payroll for one in 11 workers in the United States.

    Rating
    Price Target
  • Deep value opportunity

    Paychex Inc. is a provider of payroll, human resource, retirement, and insurance services to small- and medium-size firms. Paychex's operations are primarily domestic; however, the company does have some offices in Europe. The company has approximately 19,000 employees. The shares are a component of the S&P 500 Index.

    Rating
    Price Target

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