P

    Paychex Inc (PAYX)

    Official site

    TECHNOLOGY • SOFTWARE - APPLICATION • NASDAQ

    $127.34
    +0.30 (+0.24%)

    Market Cap: $45.19B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    92%(36/39)
    Avg Surprise
    +3.17%
    Streak
    4 Q

    Upcoming Estimates

    Aug 31, 2026
    EPS Consensus$1.32
    Range$1.30 - $1.35
    16 analysts
    EPS RevisionsNo revisions (7d)
    0
    2
    30d
    EPS Estimate Drift
    90d ago$1.31-1.1%
    60d ago$1.33+0.3%
    30d ago$1.32+0.1%
    7d ago$1.32-0.1%
    Current$1.32
    Revenue Consensus
    $1.6B
    Range$1.6B - $1.6B
    14 analysts
    Nov 30, 2026
    EPS Consensus$1.36
    Range$1.34 - $1.40
    16 analysts
    EPS RevisionsNo revisions (7d)
    0
    2
    30d
    EPS Estimate Drift
    90d ago$1.35-1.0%
    60d ago$1.36+0.3%
    30d ago$1.36+0.2%
    7d ago$1.36+0.2%
    Current$1.36
    Revenue Consensus
    $1.6B
    Range$1.6B - $1.6B
    14 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Nov 26EST
    		-$1.36---
    Aug 26EST
    		-$1.32---
    May 26
    		$1.32$1.31+0.76%Beat+10.9%
    Feb 26
    		$1.71$1.67+2.40%Beat+14.8%
    Nov 25
    		$1.26$1.23+2.44%Beat+10.5%
    Aug 25
    		$1.22$1.20+1.67%Beat+5.2%
    May 25
    		$1.19$1.20-0.83%Miss+6.2%
    Feb 25
    		$1.49$1.48+0.68%Beat+8.0%
    Nov 24
    		$1.14$1.12+1.79%Beat+5.6%
    Aug 24
    		$1.16$1.14+1.75%Beat+1.8%
    May 24
    		$1.12$1.10+1.82%Beat+15.5%
    Feb 24
    		$1.38$1.37+0.73%Beat+7.0%
    Nov 23
    		$1.08$1.07+0.93%Beat+9.1%
    Aug 23
    		$1.14$1.12+1.79%Beat+10.7%
    May 23
    		$0.97$0.97+0.00%Beat+19.8%
    Feb 23
    		$1.29$1.24+4.03%Beat+12.2%
    Nov 22
    		$0.99$0.96+3.13%Beat+8.8%
    Aug 22
    		$1.03$0.97+6.19%Beat+15.7%
    May 22
    		$0.81$0.79+2.53%Beat+12.5%
    Feb 22
    		$1.15$1.05+9.52%Beat+19.8%
    Nov 21
    		$0.91$0.80+13.75%Beat+24.7%
    Aug 21
    		$0.89$0.80+11.25%Beat+41.3%
    May 21
    		$0.72$0.67+7.46%Beat+18.0%
    Feb 21
    		$0.96$0.92+4.35%Beat-1.0%
    Nov 20
    		$0.73$0.66+10.61%Beat+4.3%
    Aug 20
    		$0.63$0.55+14.55%Beat-11.3%
    May 20
    		$0.61$0.60+1.67%Beat-3.2%
    Feb 20
    		$0.97$0.94+3.19%Beat+9.0%
    Nov 19
    		$0.70$0.68+2.94%Beat+7.7%
    Aug 19
    		$0.71$0.69+2.90%Beat+6.0%
    May 19
    		$0.63$0.64-1.56%Miss+3.3%
    Feb 19
    		$0.89$0.88+1.14%Beat+41.3%
    Nov 18
    		$0.65$0.63+3.17%Beat+10.2%
    Aug 18
    		$0.67$0.66+1.52%Beat+8.1%
    May 18
    		$0.61$0.62-1.61%Miss+13.0%
    Feb 18
    		$0.63$0.63+0.00%Beat+14.5%
    Nov 17
    		$0.59$0.59+0.00%Beat+5.4%
    Aug 17
    		$0.62$0.60+3.33%Beat-
    May 17
    		$0.54$0.53+1.89%Beat-
    Feb 17
    		$0.55$0.54+1.85%Beat-
    Nov 16
    		$0.56$0.56+0.00%Beat-

    Dividends

    Dividend Metrics

    Yield3.57%
    Annual/Share$4.54
    Payout Ratio63.61%
    Frequency4
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+11.68%
    5Y CAGR+11.22%
    View PAYX's full dividend history

    Key Metrics

    Valuation
    P/E Ratio23.11EV/EBITDA16.03x
    Price/FCF20.01xFCF Yield5.00%
    Profitability
    Profit Margin26.60%Operating Margin38.30%
    ROE40.30%ROIC23.43%
    Financial Health
    Debt/Equity1.23xInterest Coverage9.52x
    Current Ratio1.26xQuick Ratio1.26x
    Trading Statistics
    Beta0.89Avg Volume2.25M
    52-Week High$133.1952-Week Low$83.50

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$124.66
    SMA 20$122.62
    SMA 50$113.66
    SMA 200$102.38
    EMA 10$124.95
    EMA 20$122.42
    EMA 50$115.27
    EMA 200$108.97

    MACD

    Line: 3.59Signal: 3.62Hist: -0.03

    ADX

    ADX: 34.4+DI: 30.2-DI: 14.1

    Aroon & PSAR

    Aroon Up96.0
    Aroon Down12.0
    PSAR$123.15

    Bollinger Bands

    Upper Band$128.62
    Lower Band$116.63
    %B Position978%(Upper)
    Band Width0.89

    RSI (14-Day)

    Neutral
    67.3

    Momentum Oscillators

    Stoch %K92.0
    Stoch %D86.2
    Williams %R-6.1
    ROC (10d)7.4%
    Momentum8.80
    CCI (20d)118.5
    MFI (14d)60.2

    Volatility Measures

    ATR (14d)$3.13(2.5%)
    StdDev (20d)3.00
    Hist Vol24.7%(Moderate)

    Volume Flow

    VWAP$126.92
    OBV-30.6M
    AD Line-1.7B
    CMF (20d)0.227

    Volume Metrics

    Avg Vol (20d)2.2M
    Vol Ratio1.1x
    VWMA (20d)$122.33

    Pivot Points

    R3$129.63
    R2$128.77
    R1$127.91
    Pivot Point$127.05
    S1$126.19
    S2$125.33
    S3$124.47

    Advanced Oscillators

    TSI29.58
    Ultimate Osc63.2
    KST103.02

    Financial Data

    QuarterMay 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024Aug 2024May 2024Feb 2024Nov 2023Aug 2023
    Total Revenue$1.61B$1.81B$1.56B$1.54B$1.43B$1.51B$1.32B$1.32B$1.30B$1.44B$1.26B$1.29B
    Cost of Revenue$417.30M$431.20M$412.20M$413.80M$393.90M$387.40M$379.10M$380.00M$375.20M$379.80M$364.10M$360.20M
    Gross Profit$1.19B$1.38B$1.15B$1.13B$1.03B$1.12B$937.80M$938.50M$919.90M$1.06B$893.80M$925.80M
    Operating Expenses$583.50M$585.70M$573.50M$584.30M$602.30M$429.80M$399.70M$391.80M$438.10M$409.70M$387.60M$389.50M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$585.70M$573.50M$584.30M$602.30M$429.80M$399.70M$391.80M$438.10M$409.70M$387.60M$389.50M
    Operating Income$604.70M$792.00M$571.90M$541.90M$431.10M$691.80M$538.10M$546.70M$481.80M$649.80M$506.20M$536.30M
    Interest Income$0$0$0$0$0$0$0$0$0$9.40M$11.70M$12.80M
    Interest Expense$64.70M$68.10M$68.50M$68.20M$41.80M$22.60M$9.50M$9.60M$0$0$0$0
    Income Before Tax$554.20M$739.00M$520.20M$497.50M$389.30M$685.80M$543.70M$557.10M$491.80M$659.20M$517.90M$549.10M
    Income Tax Expense$133.60M$178.70M$124.80M$113.70M$92.10M$166.50M$130.30M$129.70M$111.90M$160.60M$125.20M$129.90M
    Net Income$420.60M$560.30M$395.40M$383.80M$297.20M$519.30M$413.40M$427.40M$379.90M$498.60M$392.70M$419.20M
    EBITDA$717.90M$979.30M$757.20M$733.30M$616.90M$821.50M$650.90M$661.40M$583.40M$751.10M$607.50M$633.30M
    EBIT$604.70M$807.10M$588.70M$565.70M$453.00M$708.40M$553.20M$566.70M$481.80M$649.80M$506.20M$536.30M
    * Some calculated fields are derived from available data when not provided by source

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    Also mentions:
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    News

    Will ManpowerGroup’s New Tech-Savvy Director Reshape MAN’s Long-Term HR Platform Strategy?

    ManpowerGroup (MAN) has appointed John B. Gibson, Jr., President and CEO of Paychex, to its Board of Directors, effective September 1, 2026. This move is expected to bolster ManpowerGroup's focus on digital, AI-enabled staffing and higher-value HR solutions, leveraging Gibson's extensive experience in human capital management and technology-enabled HR platforms. While Gibson's expertise aligns with the company's long-term digital strategy and could strengthen its investment narrative, the article notes that it alone may not immediately address near-term profitability challenges or the risk of disruption from tech-first competitors.

    Sahm•8/25/26•
    Neutral

    Paychex stock trades above $126 as fresh earnings and guidance test valuation

    Paychex stock is trading above $126, driven by strong double-digit revenue growth, new FY 2027 EPS guidance, and a nearly 3.8% dividend yield. This valuation is being tested against a consensus fair value closer to $109, highlighting a debate between the company's consistent performance and traditional valuation models. The company's expansion of product offerings, such as Paycor Perks, further supports its competitive position and recurring-revenue model.

    Ad-hoc-news.de•8/25/26•
    Somewhat-Bullish

    Paychex Inc. stock outperforms competitors on strong trading day

    Shares of Paychex Inc. (PAYX) rose 1.23% to $126.01 on Monday, marking its fifth consecutive day of gains. This performance outperformed the broader market, as the Dow Jones Industrial Average (DJIA) saw a slight increase while the S&P 500 Index (SPX) experienced a decline on the same trading day.

    MarketWatch•8/24/26•
    Bullish

    Paychex stock holds above $124 as fresh earnings and dividend support FY 2027 outlook

    Paychex stock is trading around $124.47 per share, supported by strong June-quarter results, new FY 2027 EPS guidance of $5.900-$6.010, and a 3.8% dividend yield. The company reported EPS of $1.32 and revenue of $1.61 billion, exceeding analyst expectations, with robust profitability metrics. Paychex's business model, focused on payroll and HR services for SMBs, sustains a high dividend payout while delivering double-digit revenue growth and strong returns on equity.

    Ad-hoc-news.de•8/24/26•
    Bullish

    Will ManpowerGroup’s New Tech-Savvy Director Reshape MAN’s Long-Term HR Platform Strategy?

    ManpowerGroup has appointed John B. Gibson, Jr., President and CEO of Paychex, to its Board of Directors, effective September 1, 2026. Gibson's extensive experience in HR technology and scaling digital platforms is expected to influence ManpowerGroup's strategy, particularly its focus on AI-enabled staffing and higher-value HR solutions. This move aims to strengthen ManpowerGroup's digital transformation and governance, though risks related to slower execution compared to digital-first competitors remain.

    Simply Wall Street•8/24/26•
    Neutral

    Frequently Asked Questions About PAYX

    What is PAYX's current dividend yield?
    Paychex Inc (PAYX) has a current dividend yield of 3.57%.
    Does PAYX pay dividends?
    Yes, Paychex Inc pays dividends with a current yield of 3.57%.
    What is PAYX's P/E ratio?
    Paychex Inc has a price-to-earnings (P/E) ratio of 23.11.
    What is PAYX's market cap?
    Paychex Inc (PAYX) has a market capitalization of $45.19B with a current stock price of $127.34.

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