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    P

    Paychex Inc (PAYX)

    Official site

    TECHNOLOGY • SOFTWARE - APPLICATION • NASDAQ

    $108.37
    +2.12 (+2.00%)

    Market Cap: $38.58B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    93%(37/40)
    Avg Surprise
    +3.11%
    Streak
    5 Q

    Upcoming Estimates

    Period ending Nov 30, 2026
    EPS Consensus$1.28
    Range$1.24 - $1.31
    18 analysts
    EPS RevisionsNo revisions (7d)
    0
    16
    30d
    EPS Estimate DriftChange to current
    90d ago$1.36-6.4%
    60d ago$1.36-6.4%
    30d ago$1.36-6.1%
    7d ago$1.36-6.0%
    Current$1.28
    Revenue Consensus
    $1.6B
    Range$1.6B - $1.6B
    16 analysts
    Period ending Feb 28, 2027
    EPS Consensus$1.87
    Range$1.85 - $1.92
    18 analysts
    EPS Revisions
    14
    0
    7d
    13
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$1.83+2.1%
    60d ago$1.84+1.9%
    30d ago$1.84+1.8%
    7d ago$1.84+1.7%
    Current$1.87
    Revenue Consensus
    $1.9B
    Range$1.9B - $1.9B
    16 analysts
    PeriodReportedEst.SurpriseB/MYoY
    May 27EST
    		-$1.49---
    Feb 27EST
    		-$1.87---
    Nov 26EST
    		-$1.28---
    Aug 26
    Reported Sep 23
    		$1.34$1.33+0.75%Beat+9.8%
    May 26
    Reported Jun 24
    		$1.32$1.31+0.76%Beat+10.9%
    Feb 26
    Reported Mar 25
    		$1.71$1.67+2.40%Beat+14.8%
    Nov 25
    Reported Dec 19
    		$1.26$1.23+2.44%Beat+10.5%
    Aug 25
    Reported Sep 30
    		$1.22$1.20+1.67%Beat+5.2%
    May 25
    Reported Jun 25
    		$1.19$1.20-0.83%Miss+6.2%
    Feb 25
    Reported Mar 26
    		$1.49$1.48+0.68%Beat+8.0%
    Nov 24
    Reported Dec 19
    		$1.14$1.12+1.79%Beat+5.6%
    Aug 24
    Reported Sep 30
    		$1.16$1.14+1.75%Beat+1.8%
    May 24
    Reported Jun 25
    		$1.12$1.10+1.82%Beat+15.5%
    Feb 24
    Reported Apr 1
    		$1.38$1.37+0.73%Beat+7.0%
    Nov 23
    Reported Dec 21
    		$1.08$1.07+0.93%Beat+9.1%
    Aug 23
    Reported Sep 27
    		$1.14$1.12+1.79%Beat+10.7%
    May 23
    Reported Jun 29
    		$0.97$0.97+0.00%Beat+19.8%
    Feb 23
    Reported Mar 29
    		$1.29$1.24+4.03%Beat+12.2%
    Nov 22
    Reported Dec 22
    		$0.99$0.96+3.13%Beat+8.8%
    Aug 22
    Reported Sep 28
    		$1.03$0.97+6.19%Beat+15.7%
    May 22
    Reported Jun 29
    		$0.81$0.79+2.53%Beat+12.5%
    Feb 22
    Reported Mar 30
    		$1.15$1.05+9.52%Beat+19.8%
    Nov 21
    Reported Dec 22
    		$0.91$0.80+13.75%Beat+24.7%
    Aug 21
    Reported Sep 30
    		$0.89$0.80+11.25%Beat+41.3%
    May 21
    Reported Jun 25
    		$0.72$0.67+7.46%Beat+18.0%
    Feb 21
    Reported Apr 6
    		$0.96$0.92+4.35%Beat-1.0%
    Nov 20
    Reported Dec 23
    		$0.73$0.66+10.61%Beat+4.3%
    Aug 20
    Reported Oct 6
    		$0.63$0.55+14.55%Beat-11.3%
    May 20
    Reported Jul 7
    		$0.61$0.60+1.67%Beat-3.2%
    Feb 20
    Reported Mar 25
    		$0.97$0.94+3.19%Beat+9.0%
    Nov 19
    Reported Dec 18
    		$0.70$0.68+2.94%Beat+7.7%
    Aug 19
    Reported Oct 2
    		$0.71$0.69+2.90%Beat+6.0%
    May 19
    Reported Jun 26
    		$0.63$0.64-1.56%Miss+3.3%
    Feb 19
    Reported Mar 27
    		$0.89$0.88+1.14%Beat+41.3%
    Nov 18
    Reported Dec 19
    		$0.65$0.63+3.17%Beat+10.2%
    Aug 18
    Reported Oct 2
    		$0.67$0.66+1.52%Beat+8.1%
    May 18
    Reported Jun 27
    		$0.61$0.62-1.61%Miss+13.0%
    Feb 18
    Reported Mar 26
    		$0.63$0.63+0.00%Beat+14.5%
    Nov 17
    Reported Dec 21
    		$0.59$0.59+0.00%Beat+5.4%
    Aug 17
    Reported Oct 3
    		$0.62$0.60+3.33%Beat-
    May 17
    Reported Jun 28
    		$0.54$0.53+1.89%Beat-
    Feb 17
    Reported Mar 29
    		$0.55$0.54+1.85%Beat-
    Nov 16
    Reported Dec 21
    		$0.56$0.56+0.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield4.39%
    Forward Annual Dividend$4.76
    Payout Ratio71.74%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+11.68%
    5Y CAGR+11.22%
    PAYX dividend history and ex-dividend datesRun PAYX in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio19.25EV/EBITDA12.75x
    Price/FCF19.45xFCF Yield5.14%
    Profitability
    Profit Margin27.40%Operating Margin38.50%
    ROE47.10%ROIC24.30%
    Financial Health
    Debt/Equity1.23xInterest Coverage9.93x
    Current Ratio1.28xQuick Ratio1.28x
    Trading Statistics
    Beta0.85Avg Volume3.52M
    52-Week High$127.9852-Week Low$83.50

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$102.98
    SMA 20$104.83
    SMA 50$114.86
    SMA 200$102.21
    EMA 10$104.61
    EMA 20$106.16
    EMA 50$109.84
    EMA 200$109.08

    MACD

    Line: -2.72Signal: -3.90Hist: 1.18

    ADX

    ADX: 26.6+DI: 29.6-DI: 24.7

    Aroon & PSAR

    Aroon Up16.0
    Aroon Down56.0
    PSAR$99.79

    Bollinger Bands

    Upper Band$116.99
    Lower Band$92.67
    %B Position2320%(Upper)
    Band Width0.65

    RSI (14-Day)

    Neutral
    51.9

    Momentum Oscillators

    Stoch %K79.6
    Stoch %D59.2
    Williams %R-0.3
    ROC (10d)10.0%
    Momentum9.87
    CCI (20d)39.3
    MFI (14d)55.6

    Volatility Measures

    ATR (14d)$2.54(2.3%)
    StdDev (20d)6.08
    Hist Vol39.1%(Moderate)

    Volume Flow

    VWAP$107.67
    OBV-57.1M
    AD Line-1.6B
    CMF (20d)0.060

    Volume Metrics

    Avg Vol (20d)3.6M
    Vol Ratio0.8x
    VWMA (20d)$105.69

    Pivot Points

    R3$108.65
    R2$107.61
    R1$106.93
    Pivot Point$105.89
    S1$105.21
    S2$104.17
    S3$103.49

    Advanced Oscillators

    TSI-24.53
    Ultimate Osc64.8
    KST-133.67

    Financial Data

    QuarterAug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024Aug 2024May 2024Feb 2024Nov 2023
    Total Revenue$1.63B$1.61B$1.81B$1.56B$1.54B$1.43B$1.51B$1.32B$1.32B$1.30B$1.44B$1.26B
    Cost of Revenue$430.10M$417.30M$431.20M$412.20M$413.80M$393.90M$387.40M$379.10M$380.00M$375.20M$379.80M$364.10M
    Gross Profit$1.20B$1.19B$1.38B$1.15B$1.13B$1.03B$1.12B$937.80M$938.50M$919.90M$1.06B$893.80M
    Operating Expenses$581.20M$583.50M$585.70M$573.50M$584.30M$602.30M$429.80M$399.70M$391.80M$438.10M$409.70M$387.60M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$581.20M$583.50M$585.70M$573.50M$584.30M$602.30M$429.80M$399.70M$391.80M$438.10M$409.70M$387.60M
    Operating Income$619.20M$604.70M$792.00M$571.90M$541.90M$431.10M$691.80M$538.10M$546.70M$481.80M$649.80M$506.20M
    Interest Income$0$0$0$0$0$0$0$0$0$0$9.40M$11.70M
    Interest Expense$65.10M$64.70M$68.10M$68.50M$68.20M$41.80M$22.60M$9.50M$9.60M$0$0$0
    Income Before Tax$565.00M$554.20M$739.00M$520.20M$497.50M$389.30M$685.80M$543.70M$557.10M$491.80M$659.20M$517.90M
    Income Tax Expense$135.30M$133.60M$178.70M$124.80M$113.70M$92.10M$166.50M$130.30M$129.70M$111.90M$160.60M$125.20M
    Net Income$429.70M$420.60M$560.30M$395.40M$383.80M$297.20M$519.30M$413.40M$427.40M$379.90M$498.60M$392.70M
    EBITDA$803.70M$794.80M$979.30M$757.20M$733.30M$616.90M$821.50M$650.90M$661.40M$583.40M$751.10M$607.50M
    EBIT$630.10M$618.90M$807.10M$588.70M$565.70M$453.00M$708.40M$553.20M$566.70M$481.80M$649.80M$506.20M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Analyst consensus sets USD 127.59 target for Paychex stock

    Analysts have set an average 12-month target of USD 127.59 for Paychex (PAYX) stock, significantly above its current Nasdaq price. Paychex recently reported strong fiscal first-quarter revenues of USD 1.63 billion...

    ad-hoc-news.de•10/15/26•Somewhat-Bullish

    Paychex Inc. stock underperforms Thursday when compared to competitors despite daily gains

    Shares of Paychex Inc. (PAYX) rose 2.22% on Thursday, closing at $110.78. Despite this daily gain, the stock underperformed compared to the broader market...

    MarketWatch•10/15/26•Neutral

    Paychex (PAYX) Unveils First Agentic HR Compliance Specialist

    Paychex, through its subsidiary SixFifty, has launched an AI-powered HR compliance specialist designed to automate complex employment law compliance tasks for small and mid-sized businesses across various jurisdictions....

    Yahoo Finance•10/15/26•Bullish

    Paychex Declares Quarterly Dividend

    Paychex, Inc. (Nasdaq: PAYX) has declared a regular quarterly cash dividend of $1.19 per share, payable on November 25, 2026, to shareholders of record as of October 26, 2026. The company, a leading provider of HR...

    StreetInsider•10/15/26•Somewhat-Bullish

    CBIZ results expected October 22 with USD 727.08 million for CBIZ stock

    CBIZ (CBZ) is set to release its third-quarter results on October 22, 2026, with revenue estimated at USD 727.08 million. This follows a second quarter where revenue reached USD 682.21 million...

    ad-hoc-news.de•10/15/26•Somewhat-Bullish

    PAYX Valuation and Fair Value

    P/E
    19.2x
    Forward P/E
    17.5x
    EV/EBITDA
    12.7x
    P/FCF
    19.5x
    PEG
    1.9x
    P/B
    10.4x
    See GNG's fair value

    PAYX Profitability: Margins, ROIC and FCF

    Gross margin
    74.4%
    Operating margin
    38.5%
    Net margin
    27.4%
    ROIC
    24.3%
    ROE
    47.1%
    FCF margin
    30.0%
    FCF yield
    5.1%

    PAYX Competitors

    CompanyTicker
    Microchip Technology IncMCHP
    Credo Technology Group Holding LtdCRDO
    Okta IncOKTA
    Flex LtdFLEX
    Celestica Inc.CLS
    Roper Technologies IncROP
    Twilio IncTWLO
    Ubiquiti Networks IncUI

    Sector: Technology

    PAYX Analyst Ratings

    Consensus
    Hold
    Analysts
    19
    Strong Buy
    0
    Buy
    2
    Hold
    15
    Sell
    2
    Strong Sell
    0

    PAYX Bull Case vs Bear Case

    Bull case

    • PAYX earns a 24.3% return on invested capital.
    • PAYX converts 30.0% of revenue into free cash flow.
    • PAYX has a 27.4% net profit margin.

    PAYX Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    1.2%
    EPS estimate (fiscal period ending Nov 30, 2026)
    $1.28
    Estimate revisions (30 days, fiscal period ending Nov 30, 2026)
    0 up, 16 down

    PAYX Dividend

    Forward yield
    4.4%
    Payout ratio
    71.7%
    3Y DPS growth
    11.7%
    5Y DPS growth
    11.2%
    Pay months
    Feb, May, Aug, Nov
    PAYX dividend history

    Frequently Asked Questions About PAYX

    What is PAYX's current dividend yield?

    Paychex Inc (PAYX) has a forward dividend yield of 4.39%.

    Does PAYX pay dividends?

    Yes, Paychex Inc pays dividends with a forward dividend yield of 4.39%.

    What is PAYX's P/E ratio?

    Paychex Inc has a price-to-earnings (P/E) ratio of 19.25.

    What is PAYX's market cap?

    Paychex Inc (PAYX) has a market capitalization of $38.58B with a current stock price of $108.37.

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