Paychex, Inc. (PAYX)

US — Industrials Sector
Peers: ROK  DAL  GWW  OTIS  AME  HEI  WCN  FER  ROP  FERG 

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Key Metrics & Ratings

  • symbol PAYX
  • Rev/Share 16.7748
  • Book/Share 10.787
  • PB 9.0062
  • Debt/Equity 1.2981
  • CurrentRatio 1.2653
  • ROIC 0.1723

 

  • MktCap 34873687768.0
  • FreeCF/Share 5.72
  • PFCF 16.9495
  • PE 21.8994
  • Debt/Assets 0.3049
  • DivYield 0.0445
  • ROE 0.3966

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 4
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation PAYX Cantor Fitzgerald -- Underweight -- $98 Jan. 27, 2026
Reiterated PAYX BMO Capital Markets -- Market Perform $140 $121 Dec. 9, 2025
Resumed PAYX Citigroup -- Neutral -- $139 Oct. 23, 2025
Initiation PAYX Wells Fargo -- Underweight -- $128 Oct. 22, 2025
Initiation PAYX Stephens -- Equal Weight -- $135 Oct. 7, 2025
Reiterated PAYX BMO Capital Markets -- Market Perform $143 $140 Oct. 1, 2025
Reiterated PAYX BMO Capital Markets -- Market Perform $160 $143 Sept. 24, 2025
Initiation PAYX BMO Capital Markets -- Market Perform -- $160 July 10, 2025

News

U.S. Small Business Employment Trends Hold Steady to Start 2026
PAYX
Published: February 03, 2026 by: Business Wire
Sentiment: Neutral

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the January Paychex Small Business Employment Watch, job and wage growth trends among U.S. small businesses remained consistent to start 2026. The Small Business Jobs Index — which reflects the payroll data of a subset of Paychex clients with fewer than 50 employees — increased 0.04 percentage points to 99.30 in January. Additionally, hourly earnings growth for workers has remained essentially unchanged since July 2025 at 2.68%. “As we enter 2026,.

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image for news U.S. Small Business Employment Trends Hold Steady to Start 2026
Why the 5 Highest-Yielding Nasdaq 100 Stocks Are 2026 Boomer Safety Nets
CMCSA, KHC, MDLZ, PAYX, PEP
Published: February 03, 2026 by: 24/7 Wall Street
Sentiment: Positive

The highest-yielding stocks in the Nasdaq 100 make particular sense in 2026, as investors may well see a changing economic environment.

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image for news Why the 5 Highest-Yielding Nasdaq 100 Stocks Are 2026 Boomer Safety Nets
Top 10 High-Yield Dividend Stocks For February 2026
ADP, AWK, BX, CNI, CVX, FITB, KDP, MKC, NKE, PAG, PAYX, SAH, SPY, STT, TROW, UPS, VYM, WTRG
Published: February 03, 2026 by: Seeking Alpha
Sentiment: Positive

My top 10 dividend watchlist targets a 12% long-term CAGR with a higher yield than VYM and SPY, focusing on quality and value. January 2026 saw the watchlist gain 1.12%, trailing VYM and SPY but maintaining a strong 14.63% annualized return since inception. Three portfolio variants—original, quality, and value—offer distinct tradeoffs between yield, historical growth, and potential undervaluation.

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image for news Top 10 High-Yield Dividend Stocks For February 2026
Why Paychex Stock Is Primed For A Breakout From Current Levels
PAYX
Published: February 02, 2026 by: Forbes
Sentiment: Positive

We believe Paychex (PAYX) shares may represent a solid value investment at current levels, as the stock trades at a valuation below its historical average despite steady execution across the business. Recent multiple compression appears driven by broader market rotation away from defensive and payroll services names rather than any material deterioration in fundamentals.

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image for news Why Paychex Stock Is Primed For A Breakout From Current Levels
Is Paychex Stock Undervalued?
PAYX
Published: January 29, 2026 by: Forbes
Sentiment: Positive

We believe Paychex (PAYX) stock might be an attractive value buy. It is currently trading at a valuation lower than average, and boasts reasonable revenue growth along with strong margins that accompany its modest valuation.

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image for news Is Paychex Stock Undervalued?
3 Top Picks For 2026 (And The Next Decade)
AWR, GOOG, GOOGL, PAYX
Published: January 23, 2026 by: Seeking Alpha
Sentiment: Positive

As we head into 2026, there is always some buzz around the repositioning of portfolios and looking for the best opportunities. I tend to always be on the hunt for opportunities throughout the year, but the start of a new year does mean additional contributions to my Roth IRA. As I'm sitting on a sizeable cash balance already for the next correction or pullback, I'm putting some of this additional capital to work right away.

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image for news 3 Top Picks For 2026 (And The Next Decade)
SaaS Demand and Client Retention Aid Paychex Amid Heavy Competition
PAYX
Published: January 22, 2026 by: Zacks Investment Research
Sentiment: Neutral

PAYX rides strong cloud and SaaS demand that drive revenues and dividends, but client insolvency, cyber risks and stiff competition cloud outlook.

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image for news SaaS Demand and Client Retention Aid Paychex Amid Heavy Competition
Paychex Announces $1 Billion Stock Repurchase Authorization and Declares Quarterly Dividend
PAYX
Published: January 16, 2026 by: Business Wire
Sentiment: Neutral

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX), an industry-leading human capital management ("HCM") company, today announced that its Board of Directors has authorized the purchase of up to $1 billion of the Company's common stock. The new authorization replaces the prior 2024 authorization to repurchase $400 million of the Company's common stock. In addition, the Board has declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, payable on Februar.

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image for news Paychex Announces $1 Billion Stock Repurchase Authorization and Declares Quarterly Dividend
Reasons Why You Should Retain Paychex Stock in Your Portfolio
PAYX
Published: January 07, 2026 by: Zacks Investment Research
Sentiment: Positive

PAYX's growth is driven by rising SaaS adoption, the Paycor acquisition and AI launches, with FY26 revenues projected to rise 16.5% and earnings gains ahead.

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image for news Reasons Why You Should Retain Paychex Stock in Your Portfolio
Paychex (PAYX) Reports Q2 Earnings: What Key Metrics Have to Say
PAYX
Published: December 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Although the revenue and EPS for Paychex (PAYX) give a sense of how its business performed in the quarter ended November 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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image for news Paychex (PAYX) Reports Q2 Earnings: What Key Metrics Have to Say
Watch Jim Cramer's full interview with Paychex CEO John Gibson
PAYX
Published: December 19, 2025 by: CNBC Television
Sentiment: Neutral

CNBC's Jim Cramer talks with Paychex president and CEO John Gibson about the state of small business, the labor market, its latest earnings report and more.

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image for news Watch Jim Cramer's full interview with Paychex CEO John Gibson
Paychex Q2 Earnings & Revenues Surpass Estimates, Increase Y/Y
PAYX
Published: December 19, 2025 by: Zacks Investment Research
Sentiment: Positive

PAYX beats on 2Q26 earnings and revenues. EPS grows 10.5% y/y and sales rise 18.3%, as management solutions led growth.

Read More
image for news Paychex Q2 Earnings & Revenues Surpass Estimates, Increase Y/Y
Paychex's higher quarterly expenses overshadow annual earnings forecast raise
PAYX
Published: December 19, 2025 by: Reuters
Sentiment: Negative

Payroll services provider Paychex reported higher expenses for the second quarter on Friday, taking the shine off its raise in annual adjusted earnings growth forecast.

Read More
image for news Paychex's higher quarterly expenses overshadow annual earnings forecast raise
Paychex (PAYX) Q2 Earnings and Revenues Beat Estimates
PAYX
Published: December 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Paychex (PAYX) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.14 per share a year ago.

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image for news Paychex (PAYX) Q2 Earnings and Revenues Beat Estimates
Paychex Gears Up to Report Q2 Earnings: What's in Store?
PAYX
Published: December 17, 2025 by: Zacks Investment Research
Sentiment: Positive

PAYX prepares to report 2Q26 results, with revenues expected to jump 18% y/y, driven by Management Solutions growth and added Paycor contributions.

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image for news Paychex Gears Up to Report Q2 Earnings: What's in Store?
Paychex Pays 3.65% and Added $4.2 Billion in Debt but the Dividend Looks Safe
PAYX
Published: December 11, 2025 by: 24/7 Wall Street
Sentiment: Positive

Paychex (Nasdaq: PAYX) pays a quarterly dividend of $1.08 per share, yielding 3.65%.

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image for news Paychex Pays 3.65% and Added $4.2 Billion in Debt but the Dividend Looks Safe
Paychex Unveils Intelligent AI Solutions to Revolutionize Workforce Management
PAYX
Published: December 08, 2025 by: Business Wire
Sentiment: Neutral

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX), an industry-leading human capital management (HCM) company, announced today a suite of AI-driven innovations to transform the HCM experience, evolving from user-directed to AI-powered with expertise infused at every touch point. Through AI-driven solutions that anticipate needs, automate tasks, and deliver precise, actionable insights, Paychex is simplifying complex HR processes, improving business outcomes, and driving greater eff.

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image for news Paychex Unveils Intelligent AI Solutions to Revolutionize Workforce Management
Paychex Schedules Second Quarter Fiscal 2026 Earnings Conference Call on December 19, 2025
PAYX
Published: December 05, 2025 by: Business Wire
Sentiment: Neutral

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX), an industry-leading human capital management ("HCM") company, will release financial results for its fiscal 2026 second quarter ended November 30, 2025 on Friday, December 19, 2025, before the financial markets open. The company will host a conference call at 9:30 a.m. ET on Friday, December 19, 2025 to discuss these results. Participating in this call will be John Gibson, President and Chief Executive Officer, and Bob Schrader, Ch.

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image for news Paychex Schedules Second Quarter Fiscal 2026 Earnings Conference Call on December 19, 2025
Why Paychex (PAYX) is a Top Growth Stock for the Long-Term
PAYX
Published: December 03, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

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image for news Why Paychex (PAYX) is a Top Growth Stock for the Long-Term
Top 10 High-Yield Dividend Stocks For December 2025
ACN, ADP, CMCSA, EOG, MRK, NEE, NKE, PAG, PAYX, SPY, UPS, VYM, WTRG
Published: December 01, 2025 by: Seeking Alpha
Sentiment: Positive

The November 2025 high-yield dividend watchlist delivered a 2.94% gain in last month, outperforming SPY and closely trailing VYM. This watchlist blends quality and value to identify high-yield stocks with attractive valuations, aiming for a 12% long-term CAGR and strong starting yields. Top 10 picks for December include Accenture, EOG Resources, Nike, Paychex, ADP, Penske Automotive, Comcast, Essential Utilities, and Brown Forman.

Read More
image for news Top 10 High-Yield Dividend Stocks For December 2025
Paychex (PAYX) is a Top-Ranked Growth Stock: Should You Buy?
PAYX
Published: November 07, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Read More
image for news Paychex (PAYX) is a Top-Ranked Growth Stock: Should You Buy?
Here's Why Paychex (PAYX) is a Strong Growth Stock
PAYX
Published: October 06, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Read More
image for news Here's Why Paychex (PAYX) is a Strong Growth Stock
Top 10 High-Yield Dividend Stocks For October 2025
ACN, CMCSA, EOG, MRK, MTB, NEE, PAG, PAYX, PEP, PNC, QSR, STT, UPS, VYM, WSO, WTRG
Published: October 01, 2025 by: Seeking Alpha
Sentiment: Positive

The October 2025 high-yield dividend watchlist highlights 10 stocks with an average forward yield of 3.95% and a projected 19.02% return. This month's selection process lowered the yield threshold to 2.5%, expanding the pool to 69 companies and increasing diversification opportunities. The watchlist has delivered a 15.01% CAGR since inception, outperforming its 12% target and offering higher starting yields than SPY and VYM.

Read More
image for news Top 10 High-Yield Dividend Stocks For October 2025
Paychex, Inc. (PAYX) Q1 2026 Earnings Call Transcript
PAYX
Published: September 30, 2025 by: Seeking Alpha
Sentiment: Neutral

Paychex, Inc. (NASDAQ:PAYX ) Q1 2026 Earnings Call September 30, 2025 9:30 AM EDT Company Participants Robert Schrader - Senior VP & CFO John Gibson - President, CEO & Director Conference Call Participants Jared Levine - TD Cowen, Research Division Mark Marcon - Robert W. Baird & Co. Incorporated, Research Division Samad Samana - Jefferies LLC, Research Division Tien-Tsin Huang - JPMorgan Chase & Co, Research Division Andrew Nicholas - William Blair & Company L.L.C.

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image for news Paychex, Inc. (PAYX) Q1 2026 Earnings Call Transcript
Paychex: A Compelling Opportunity For The Long Term
PAYX
Published: September 30, 2025 by: Seeking Alpha
Sentiment: Positive

Paychex, Inc. stock now trades at a ~12% discount to intrinsic value, offering a compelling long-term investment opportunity after recent declines. PAYX's strong revenue growth is driven by the Paycor acquisition, robust margins, and strategic investments in AI and HR technologies. Despite a declining ROIC and an elevated payout ratio, PAYX's consistent dividend growth and 3.5% yield remain attractive for income investors.

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image for news Paychex: A Compelling Opportunity For The Long Term
Minimal Shifts in U.S. Small Business Employment in September
PAYX
Published: September 30, 2025 by: Business Wire
Sentiment: Neutral

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch for September, job growth among U.S. small businesses with fewer than 50 employees remains largely unchanged over the last year. The Small Business Jobs Index, a primary component of the Paychex report that measures the pace of job growth using payroll data from the company's small business customers, has fluctuated just over a half percentage point over the last 12 months. Meanwhile, hourly earnings grow.

Read More
image for news Minimal Shifts in U.S. Small Business Employment in September
Paychex (PAYX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
PAYX
Published: September 30, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Paychex (PAYX) give insight into how the company performed in the quarter ended August 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Read More
image for news Paychex (PAYX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Paychex (PAYX) Tops Q1 Earnings and Revenue Estimates
PAYX
Published: September 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Paychex (PAYX) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.16 per share a year ago.

Read More
image for news Paychex (PAYX) Tops Q1 Earnings and Revenue Estimates
Paychex Q1 Earnings & Revenues Surpass Estimates, Increase Y/Y
PAYX
Published: September 30, 2025 by: Zacks Investment Research
Sentiment: Positive

PAYX posts solid first-quarter fiscal 2026 results, with revenues increasing 16.8% and earnings rising 5.2% year over year.

Read More
image for news Paychex Q1 Earnings & Revenues Surpass Estimates, Increase Y/Y
Paychex's higher first-quarter expenses cloud profit forecast boost
PAYX
Published: September 30, 2025 by: Reuters
Sentiment: Negative

HR software provider Paychex on Tuesday reported higher expenses in the first quarter overshadowing a lift to its annual earnings forecast, and dragging the company's shares down 6.2% in early trading.

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image for news Paychex's higher first-quarter expenses cloud profit forecast boost

About Paychex, Inc. (PAYX)

  • IPO Date 1983-08-26
  • Website https://www.paychex.com
  • Industry Staffing & Employment Services
  • CEO John Gibson Jr.
  • Employees 16500

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides 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. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.