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 10.4088
  • Debt/Equity 0.0219
  • CurrentRatio 1.2653
  • ROIC 0.1796

 

  • MktCap 40420398262.0
  • FreeCF/Share 5.72
  • PFCF 19.6454
  • PE 25.31
  • Debt/Assets 0.0051
  • DivYield 0.0376
  • ROE 0.3966

 

  • Rating A-
  • Score 4
  • Recommendation Buy
  • P/E Score 2
  • DCF Score 4
  • P/B Score 1
  • D/E Score 4

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
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

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.

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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.

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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.

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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.

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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.

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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
Paychex, Inc. Reports First Quarter Results
PAYX
Published: September 30, 2025 by: Business Wire
Sentiment: Neutral

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) (the "Company," "Paychex," "we," "our," or "us"), an industry-leading human capital management ("HCM") company, today reported results for the fiscal quarter ended August 31, 2025 (the "first quarter") of the fiscal year ending May 31, 2026 ("fiscal 2026"). Results compared with the same period last year were as follows: For the three months ended August 31, August 31, In millions, except per share am.

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image for news Paychex, Inc. Reports First Quarter Results
Paychex Gears Up to Report Q1 Earnings: What's in the Offing?
PAYX
Published: September 26, 2025 by: Zacks Investment Research
Sentiment: Positive

PAYX prepares for first-quarter fiscal 2026 results with revenues expected to rise 16.6% y/y, fueled by strong segmental growth and contributions from Paycor.

Read More
image for news Paychex Gears Up to Report Q1 Earnings: What's in the Offing?
Paychex: Expect An Uneventful Earnings
PAYX
Published: September 26, 2025 by: Seeking Alpha
Sentiment: Positive

Paychex is rated a hold due to limited near-term growth potential despite recent innovation and a strong cash position. The acquisition of Paycor expands PAYX's tech capabilities and client base, but has significantly increased the company's debt load. PAYX maintains industry-leading profitability and a solid dividend yield, yet faces headwinds from reduced ERTC benefits and integration risks.

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image for news Paychex: Expect An Uneventful Earnings
Seeking Clues to Paychex (PAYX) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
PAYX
Published: September 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Paychex (PAYX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended August 2025.

Read More
image for news Seeking Clues to Paychex (PAYX) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Paychex (PAYX) Reports Next Week: Wall Street Expects Earnings Growth
PAYX
Published: September 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Paychex (PAYX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Paychex (PAYX) Reports Next Week: Wall Street Expects Earnings Growth
Will Paychex (PAYX) Beat Estimates Again in Its Next Earnings Report?
PAYX
Published: September 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Paychex (PAYX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Read More
image for news Will Paychex (PAYX) Beat Estimates Again in Its Next Earnings Report?
Paychex Recognized as One of America's Greatest Companies and Most Admired Workplaces by Newsweek
PAYX
Published: September 12, 2025 by: Business Wire
Sentiment: Neutral

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX), an industry-leading human capital management (HCM) company, has recently been named one of America's Greatest Companies 2025 by Newsweek. Through an in-depth analysis across four key pillars of success, Newsweek and Plant-A Insights Group compiled the list after evaluating and rating each company on performance, dedication to the American workforce, track record of innovation, and commitment to environmental sustainability and corp.

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image for news Paychex Recognized as One of America's Greatest Companies and Most Admired Workplaces by Newsweek
Top 50 High-Quality Dividend Stocks For August 2025
AAPL, ACN, ALLE, AMAT, APH, CTAS, DHI, DKS, DPZ, EOG, FAST, FDS, GGG, GRMN, GWW, HCA, HD, HSY, JKHY, KLAC, LECO, LLY, LRCX, MA, MKTX, MLI, MPWR, MSCI, MSFT, NKE, NTES, NXPI, ODFL, PAYX, POOL, QCOM, RACE, RMD, ROL, ROST, SBUX, SCHD, SPY, TJX, TSCO, TT, TTC, V, WSM, WSO, WST, ZTS
Published: August 06, 2025 by: Seeking Alpha
Sentiment: Positive

My investable universe of 50 high-quality dividend growth stocks aims to identify attractive opportunities based on valuation and future return potential. Currently, 20 stocks offer an estimated future return of at least 10%, with 10 of these also appearing potentially undervalued by my Free Cash Flow model. Top highlighted stocks like MKTX, RACE, RMD, MSCI, and TTC combine strong free cash flow growth, attractive valuations, and double-digit return estimates.

Read More
image for news Top 50 High-Quality Dividend Stocks For August 2025
Paychex (PAYX) Up 3.8% Since Last Earnings Report: Can It Continue?
PAYX
Published: July 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Paychex (PAYX) reported earnings 30 days ago. What's next for the stock?

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image for news Paychex (PAYX) Up 3.8% Since Last Earnings Report: Can It Continue?

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.