Paychex, Inc. (PAYX)

US — Industrials Sector
Peers: RHI  MAN  UPWK  NSP  KFY  KFRC  KELYA  HSII  BGSF  HSON  TBI 

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Key Metrics & Ratings

  • symbol PAYX
  • Rev/Share 15.4641
  • Book/Share 11.4571
  • PB 11.1904
  • Debt/Equity 1.2166
  • CurrentRatio 1.2818
  • ROIC 0.1677

 

  • MktCap 46182814496.0
  • FreeCF/Share 4.9145
  • PFCF 26.0817
  • PE 27.8731
  • Debt/Assets 0.3032
  • DivYield 0.0321
  • ROE 0.4138

 

  • 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
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, 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.

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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.

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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.

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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.

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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.

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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.

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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?
Insider report: These stocks had the biggest sales by executives in the past week
AVAV, COST, DFH, HEI, JNJ, MS, PAYX
Published: July 21, 2025 by: CNBC
Sentiment: Negative

Some investors follow company insiders on the notion that they would know better than anyone when it's the right time to buy or sell shares. CNBC rounded up some of the biggest sales over the last week.

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image for news Insider report: These stocks had the biggest sales by executives in the past week
Payroll Stocks to Watch as June's Jobs Report Comes in Strong
DAY, MMS, PAYX, PCTY
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Payroll stocks stood out Thursday as June's Jobs Report came in stronger than expected, marking the 11th consecutive month that the U.S. has exceeded expectations for positive job creation.

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image for news Payroll Stocks to Watch as June's Jobs Report Comes in Strong
Top 10 High-Yield Dividend Stocks For July 2025
AVGO, BK, CMCSA, CRH, EOG, GS, INTC, JPM, MRK, NEE, NTRS, PAYX, PEP, PGR, PM, PNC, QSR, SPY, STT, TXN, VYM, WTRG, XEL
Published: July 01, 2025 by: Seeking Alpha
Sentiment: Positive

My July 2025 watchlist focuses on high-yield, attractively valued stocks, aiming for a 12% long-term CAGR and outperforming benchmarks. Since its inception, my watchlist has a CAGR of 15.11%, performing in-line with SPY and VYM, while providing a superior dividend yield. The June 2025 watchlist includes 10 stocks with an average forward dividend yield of 3.54% and an expected return of 13.62%.

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image for news Top 10 High-Yield Dividend Stocks For July 2025
Here's Why Paychex (PAYX) is a Strong Growth Stock
PAYX
Published: June 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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image for news Here's Why Paychex (PAYX) is a Strong Growth Stock
Paychex, Inc. (PAYX) Q4 2025 Earnings Call Transcript
PAYX
Published: June 25, 2025 by: Seeking Alpha
Sentiment: Neutral

Paychex, Inc. (NASDAQ:PAYX ) Q4 2025 Results Conference Call June 25, 2025 9:30 AM ET Company Participants John B. Gibson - President, CEO & Director Robert Lewis Schrader - Chief Financial Officer Conference Call Participants Andrew Owen Nicholas - William Blair & Company L.L.C.

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image for news Paychex, Inc. (PAYX) Q4 2025 Earnings Call Transcript
Paychex Is the Worst Stock in the S&P 500. What's Dragging on Shares.
IVV, PAYX, SPLG, SPXL, SPY, SSO, UPRO, VOO
Published: June 25, 2025 by: Barrons
Sentiment: Negative

The company posted revenue that misses analysts' expectations and provides mixed fiscal-year guidance.

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image for news Paychex Is the Worst Stock in the S&P 500. What's Dragging on Shares.
Top Stock Movers Now: Nvidia, BlackBerry, Paychex, and More
BB, NVDA, PAYX
Published: June 25, 2025 by: Investopedia
Sentiment: Positive

U.S. equities were mostly higher at midday as a ceasefire between Israel and Iran appeared to be holding. The S&P 500 and Nasdaq rose, but the Dow Jones Industrial Average dropped.

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image for news Top Stock Movers Now: Nvidia, BlackBerry, Paychex, and More
Paychex Q4 Earnings & Revenues Surpass Estimates, Increase Y/Y
PAYX
Published: June 25, 2025 by: Zacks Investment Research
Sentiment: Positive

PAYX tops 4Q25 estimates with 10% y/y revenue growth and raises the FY25 outlook, boosted by higher client revenues and acquisitions.

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image for news Paychex Q4 Earnings & Revenues Surpass Estimates, Increase Y/Y
Compared to Estimates, Paychex (PAYX) Q4 Earnings: A Look at Key Metrics
PAYX
Published: June 25, 2025 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Paychex (PAYX) give insight into how the company performed in the quarter ended May 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 Compared to Estimates, Paychex (PAYX) Q4 Earnings: A Look at Key Metrics
Paychex Stock Leads S&P 500 Decliners as Firm Posts Lower-Than-Expected Sales
PAYX
Published: June 25, 2025 by: Investopedia
Sentiment: Negative

Paychex (PAYX) was the worst-performing stock in the S&P 500 Wednesday after the payroll and human resources services provider missed sales estimates as most of its gains came from its acquisition of human capital management software maker Paycor.

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image for news Paychex Stock Leads S&P 500 Decliners as Firm Posts Lower-Than-Expected Sales
Paychex (PAYX) Beats Q4 Earnings and Revenue Estimates
PAYX
Published: June 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Paychex (PAYX) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.12 per share a year ago.

Read More
image for news Paychex (PAYX) Beats Q4 Earnings and Revenue Estimates
Paychex to Report Q4 Earnings: Here's What to Expect From the Stock
PAYX
Published: June 23, 2025 by: Zacks Investment Research
Sentiment: Positive

PAYX is set to post fourth-quarter fiscal 2025 results, with revenues rising 9.3% y/y and earnings growing 6.3% on segment gains and margin strength.

Read More
image for news Paychex to Report Q4 Earnings: Here's What to Expect From the Stock
Paychex Earnings Preview: Paycor Adds Fuel, But Valuation Stays High
PAYX
Published: June 20, 2025 by: Seeking Alpha
Sentiment: Negative

Paychex, Inc. remains a steady business, but the Paycor acquisition introduces new risks and high expectations that may not be fully justified. The company's valuation is stretched, leaving little room for error, especially with increased debt from the Paycor deal. While revenue growth will look strong with Paycor included, true organic growth and integration success remain uncertain.

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image for news Paychex Earnings Preview: Paycor Adds Fuel, But Valuation Stays High
Insights Into Paychex (PAYX) Q4: Wall Street Projections for Key Metrics
PAYX
Published: June 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top -and-bottom-line estimates for Paychex (PAYX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended May 2025.

Read More
image for news Insights Into Paychex (PAYX) Q4: Wall Street Projections for Key Metrics

About Paychex, Inc. (PAYX)

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