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Paychex, Inc.

Data quality: 100%
PAYX
NASDAQ Industrials Staffing & Employment Services
$93.36
▲ $2.75 (3.04%)
Mkt Cap: 33.51B
Day Range
$89.01 $95.49
52-Week Range
$86.89 $161.24
Volume
7,822,483
50D / 200D Avg
$98.93 / $122.43
Prev Close
$90.61

Quick Summary

Price History

Financial Trends

Peer Comparison

vs Industrials sector median (895 peers)

Metric Stock Sector Median
P/E 20.2 14.4
P/B 8.1 1.9
ROE % 41.8 11.4
Net Margin % 29.7 6.5
Rev Growth 5Y % 8.3 8.3
D/E 1.2 0.6

Analyst Price Target

Hold
$117.00 +25.3%
Low: $98.00 High: $135.00
Forward P/E
17.00
Forward EPS
$5.49
EPS Growth (est.)
+0.0%
Est. Revenue
6.50B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2028 $6.29
$5.75 – $6.53
7.24B 8
FY2027 $5.91
$5.84 – $6.03
6.86B 12
FY2026 $5.49
$5.45 – $5.51
6.50B 12

Earnings Surprises

Last 8 quarters
Quarter Est. EPS Actual EPS Surprise
2026-03-25 $1.67 $1.71 +2.4%
2025-12-19 $1.23 $1.26 +2.4%
2025-09-30 $1.20 $1.22 +1.7%
2025-06-25 $1.19 $1.19 0.0%
2025-03-26 $1.48 $1.49 +0.7%
2024-12-19 $1.13 $1.14 +0.9%
2024-10-01 $1.14 $1.16 +1.8%
2024-06-26 $1.10 $1.12 +1.8%

Dividend History

7 yr streak

Yield

0.03%

Payout Ratio

0.87%

Growth (3Y)

11.68%

Growth (5Y)

11.22%

Ex-Date Payment Date Amount Yield
Jan 28, 2026 Feb 27, 2026 $1.08 4.22%
Nov 07, 2025 Nov 26, 2025 $1.08 3.77%
Jul 21, 2025 Aug 29, 2025 $1.08 2.89%
May 12, 2025 May 29, 2025 $1.08 2.65%
Feb 07, 2025 Feb 27, 2025 $0.98 2.67%
Nov 07, 2024 Nov 27, 2024 $0.98 2.61%
Aug 08, 2024 Aug 29, 2024 $0.98 3.01%
May 09, 2024 May 30, 2024 $0.98 3.01%
Feb 12, 2024 Feb 27, 2024 $0.89 2.92%
Nov 13, 2023 Nov 28, 2023 $0.89 3.02%
Aug 09, 2023 Aug 24, 2023 $0.89 2.71%
May 10, 2023 May 25, 2023 $0.89 3.00%
Feb 08, 2023 Feb 23, 2023 $0.79 2.75%
Nov 08, 2022 Nov 23, 2022 $0.79 2.59%
Aug 10, 2022 Aug 25, 2022 $0.79 2.18%
May 11, 2022 May 26, 2022 $0.79 2.34%
Jan 28, 2022 Feb 24, 2022 $0.66 2.29%
Oct 29, 2021 Nov 29, 2021 $0.66 2.11%
Jul 30, 2021 Aug 26, 2021 $0.66 2.25%
May 11, 2021 May 27, 2021 $0.66 2.54%

Key Takeaways

Revenue grew 8.26% annually over 5 years — modest growth
ROE of 41.80% indicates high profitability
Net margin of 29.74% shows strong profitability
Generating 1.76B in free cash flow
Cash machine — converts 106.15% of earnings into free cash flow
Capital efficient — spends only 3.44% of revenue on capex

Growth

Revenue Growth (5Y)
8.26%
Revenue (1Y)5.56%
Earnings (1Y)-1.96%
FCF Growth (3Y)6.32%

Quality

Return on Equity
41.80%
ROIC18.10%
Net Margin29.74%
Op. Margin39.62%

Safety

Debt / Equity
1.22
Current Ratio1.28
Interest Coverage20.95

Valuation

P/E Ratio
20.22
Forward P/E17.00
P/B Ratio8.12
EV/EBITDA16.72
Dividend Yield0.03%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 5.56% Revenue Growth (3Y) 5.49%
Earnings Growth (1Y) -1.96% Earnings Growth (3Y) 3.16%
Revenue Growth (5Y) 8.26% Earnings Growth (5Y) 10.85%
Profitability
Revenue (TTM) 5.57B Net Income (TTM) 1.66B
ROE 41.80% ROA 10.01%
Gross Margin 72.35% Operating Margin 39.62%
Net Margin 29.74% Free Cash Flow (TTM) 1.76B
ROIC 18.10% FCF Growth (3Y) 6.32%
Safety
Debt / Equity 1.22 Current Ratio 1.28
Interest Coverage 20.95
Dividends
Dividend Yield 0.03% Payout Ratio 0.87%
Dividend Growth (3Y) 11.68% Dividend Growth (5Y) 11.22%
Consecutive Div Years 7 yrs
Valuation
P/E Ratio 20.22 Forward P/E 17.00
P/B Ratio 8.12 P/S Ratio 6.01
PEG Ratio -17.88 Forward PEG N/A
EV/EBITDA 16.72 Fwd EV/EBITDA 11.51
Forward P/S 5.16 Fwd Earnings Yield 5.88%
FCF Yield 5.25%
Market Cap 33.51B Enterprise Value 36.91B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 5.57B 5.28B 5.01B 4.61B 4.06B
Net Income 1.66B 1.69B 1.56B 1.39B 1.10B
EPS (Diluted) 4.58 4.67 4.30 3.84 3.03
Gross Profit 4.03B 3.80B 3.55B 3.26B 2.79B
Operating Income 2.21B 2.17B 2.03B 1.84B 1.46B

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 16.56B 10.38B 10.55B 9.64B 9.23B
Total Liabilities 12.44B 6.58B 7.05B 6.55B 6.28B
Shareholders' Equity 4.13B 3.80B 3.49B 3.09B 2.95B
Total Debt 5.02B 866.30M 865.70M 881.20M 897.10M
Cash & Equivalents 1.63B 1.47B 1.22B 370.00M 995.20M
Current Assets 8.92B 7.25B 7.53B 6.58B 6.17B
Current Liabilities 6.96B 5.31B 5.81B 5.27B 4.94B

Strategy Scores

This stock passed the criteria for 2 strategies

Score = fit strength (0–100)
Rank = position among all matches
#921 of 1049
25
#112 of 220
40

Recent Activity

Entered Cash Flow Compounder
Mar 24, 2026
Entered Capital Light Compounder
Mar 24, 2026