Paychex/$PAYX
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Paychex
Paychex is a cloud-based human capital management provider offering payroll, compliance, talent management, benefits administration, and retirement services. The firm also provides HR outsourcing services, including professional employer organization, or PEO, offerings, enabling clients to reduce HR overhead. Paychex primarily targets small and midsize businesses, although its acquisition of Paycor in 2025 signals the firm's aspirations to expand into the midmarket segment, serving firms with more than 100 employees. As of fiscal 2026, Paychex has approximately 840,000 clients and manages payroll for one in 11 workers in the United States.
- Ticker
- $PAYX
- Sector
- Business services
- Primary listing
- NASDAQ
- Employees
- 17,600
- Headquarters
- Rochester, United States
- Website
- www.paychex.com
Paychex Metrics
BasicAdvanced
$39B
21.69
$5.04
0.81
$4.54
4.35%
Price and volume
Market cap
$39B
Beta
0.81
52-week high
$127.98
52-week low
$85.45
Average daily volume
3.5M
Dividend rate
$4.54
Financial strength
Current ratio
1.277
Quick ratio
0.516
Long term debt to equity
1.247
Total debt to equity
1.247
Dividend payout ratio (TTM)
89.96%
Interest coverage (TTM)
9.89%
Profitability
EBITDA (TTM)
3,078
Gross margin (TTM)
74.39%
Net profit margin (TTM)
27.35%
Operating margin (TTM)
39.91%
Effective tax rate (TTM)
24.07%
Revenue per employee (TTM)
$380,000
Management effectiveness
Return on assets (TTM)
10.19%
Return on equity (TTM)
47.06%
Valuation
Price to earnings (TTM)
21.694
Price to revenue (TTM)
5.927
Price to book
10.51
Price to tangible book (TTM)
-15.86
Price to free cash flow (TTM)
19.406
Free cash flow yield (TTM)
5.15%
Free cash flow per share (TTM)
5.636
Dividend yield (TTM)
4.15%
Forward dividend yield
4.35%
Growth
Revenue change (TTM)
13.97%
Earnings per share change (TTM)
13.04%
3-year revenue growth (CAGR)
9.08%
10-year revenue growth (CAGR)
8.16%
3-year earnings per share growth (CAGR)
4.56%
10-year earnings per share growth (CAGR)
9.10%
3-year dividend per share growth (CAGR)
10.55%
10-year dividend per share growth (CAGR)
10.19%
What the Analysts think about Paychex
Analyst ratings (Buy, Hold, Sell) for Paychex stock.
Analyst projections of the future price of Paychex stock.
Bulls say / Bears say
Fiscal Q1 revenue rose 6% and adjusted EPS rose 10%; the adjusted operating margin also expanded to 42% from 40.7%. That shows earnings are still growing faster than sales, helped by lower acquisition costs and operating discipline. (Paychex)
PEO and Insurance revenue grew 12% in fiscal Q1, and Paychex raised its full-year growth outlook for the segment to 7%–8%. Stronger worksite-employee growth and insurance volumes are helping this part of the business outperform its broader management-services operation. (Paychex)
The Paycor acquisition is extending Paychex into larger employers, with management reporting more than $100 million in cost synergies and over 50 basis points of revenue growth contribution in fiscal 2026. Cross-selling services such as retirement and PEO into Paycor’s client base offers another route to growth. (Investing.com)
Growth has cooled: fiscal Q1 revenue rose 6%, compared with 12% in fiscal Q4, while Management Solutions—the larger segment—grew only 4%. Investors may need to wait for that core business to regain momentum to support the full-year outlook. (Paychex, The Wall Street Journal)
Paychex had $4.6 billion of long-term borrowings at the end of August, including $4.2 billion of bonds issued to finance Paycor, and recorded $65.1 million of interest expense in the quarter. The debt adds a meaningful fixed cost and could limit flexibility if growth or cash generation weakens. (SEC)
PEO growth brings exposure to insurance claims: direct insurance costs rose 10% in fiscal Q1, and Paychex identifies health and workers’ compensation claims as risks. If those costs rise faster than client fees, this growing segment could put pressure on profitability. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 20 Oct 2026.
Paychex Financial Performance
Revenues and expenses
Paychex Earnings Performance
Company profitability
Upcoming events
Paychex News
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Funds containing Paychex
AllUSDEURGBP
Fund name | Fund size | $PAYX weighting |
|---|---|---|
Invesco S&P 500 High Dividend Low Volatility£HDLG | $456M | 2.09% |
Invesco S&P 500 High Dividend Low Volatility$HDLV | $456M | 2.09% |
iShares S&P 500 Industrials Sector€2B7C | $787M | 0.65% |
iShares S&P 500 Industrials Sector£IISU | $787M | 0.65% |
iShares MSCI USA Quality Dividend ESG£HDIQ | $784M | 0.52% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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