Paychex Inc (PAYX)

Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for human resources, payroll processing, employee benefits, and insurance services for small to medium-sized businesses in the United States, Europe, Canada, India, and Israel. It offers technology and advisory solutions; and payroll tax administration services. The company also provides retirement solutions, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services; HCM solutions from recruiting and hiring to retirement; and talent management and talent acquisition services. In addition, it offers payroll solutions, including calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients' payroll obligations. Further, the company provides workforce management solutions; benefits administration solutions; digital marketplace for earned wages, financial wellness solutions, and voluntary lifestyle benefits; administrative services organization HR outsourcing solutions; solutions to payroll and non-payroll customers; retirement and funding solutions; and 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. Additionally, it offers payroll, HR, employee benefits administration, retirement, insurance, risk management outsourcing, and access to professionally trained HR representatives, virtually and on-site. It markets and sells its solutions primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.

Symbol
PAYX
Exchange
Nasdaq
Sector
Technology
Industry
Software - Application
Market cap
$35.22B
52 week range
85.45 - 129.24

Valuation

Share price
$98.94 (close of 2026-10-02)
P/E (TTM)
19.63x
Price to book
9.51x
Price to free cash flow
17.47x
Enterprise value
$39.24B
Book value per share
$10.41

Price performance

PeriodChange
1 day-1.88%
5 days-2.40%
1 month-20.21%
3 months-6.97%
6 months+7.90%
Year to date-11.80%
1 year-19.83%
3 years-13.04%
5 years-14.08%
10 years+70.97%
All time+47014.29%

Members of Congress who disclosed PAYX trades

April McClain Delaney · Julie Johnson · Shelley Moore Capito · Josh Gottheimer · Lisa McClain · Marjorie Taylor Greene · Alan Armstrong · Gilbert Ray Cisneros · Rick Allen · Rick Larsen · Robert Bresnahan · Sheri Biggs

And 1 others

Super investors holding PAYX

Ken Griffin (Citadel) · Christopher Bloomstran (Semper Augustus Investments Grroup LLC)

Profitability and growth

Return on equity
47.12%
Return on invested capital
27.01%
Return on assets
10.88%
Return on capital employed
26.90%
Gross margin
73.43%
Net margin
27.93%
EBITDA margin
46.87%
Revenue growth
16.47%
Net income growth
6.20%
Free cash flow growth
35.85%

Cash flow and balance sheet

Free cash flow yield (TTM)
5.73%
Current ratio
1.28x
Net debt to EBITDA
1.31x

Latest reported year

Period end
2026-05-31
Fiscal year
2026
Revenue
$6.30B
Cost of revenue
$1.67B
Gross profit
$4.63B
EBITDA
$2.95B
Net income
$1.76B
Earnings per share
$4.90
Shares outstanding
358.90M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-05-31$6.30B$4.63B$1.76B$4.90
2025-05-31$5.41B$3.87B$1.66B$4.60
2024-05-31$5.13B$3.65B$1.69B$4.69
2023-05-31$4.91B$3.45B$1.56B$4.32
2022-05-31$4.55B$3.20B$1.39B$3.86
2021-05-31$4.00B$2.73B-$3.05
2020-05-31$3.95B$2.67B-$3.06
2019-05-31$3.69B$2.51B-$2.88
2018-05-31$3.31B$2.30B-$2.77
2017-05-31$3.10B$2.23B-$2.30

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-05-3173.43%27.93%47.12%27.01%
2025-05-3171.53%30.63%40.15%22.46%
2024-05-3171.17%32.94%44.47%51.48%
2023-05-3170.39%31.73%44.58%49.16%
2022-05-3170.22%30.58%45.14%38.88%
2021-05-3168.20%0.00%0.00%39.04%
2020-05-3167.60%0.00%0.00%39.88%
2019-05-3168.10%0.00%0.00%37.66%
2018-05-3169.28%0.00%0.00%49.31%
2017-05-3172.00%0.00%0.00%40.20%

Cash and debt by year

Period endCashDebt
2026-05-31$1.09B$4.56B
2025-05-31$1.63B$4.55B
2024-05-31$1.47B$798.60M
2023-05-31$1.22B$798.20M
2022-05-31$370.00M$797.70M
2021-05-31$995.20M$797.30M
2020-05-31$905.20M$796.80M
2019-05-31$673.60M$796.40M
2018-05-31$358.20M-
2017-05-31$184.60M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-05-31$2.32B$96.10M
2025-05-31$1.71B$111.80M
2024-05-31$1.74B$61.10M
2023-05-31$1.56B$62.60M
2022-05-31$1.46B$52.80M
2021-05-31$1.14B$52.50M
2020-05-31$1.31B$47.40M
2019-05-31$1.15B$46.20M
2018-05-31$1.12B$44.60M
2017-05-31$866.10M$35.40M

Dividend history

Most recent payment
2026-07-28
Paid in the last twelve months
$4.54
Payment dateDividend per share
2026-07-28$1.19
2026-05-13$1.19
2026-01-28$1.08
2025-11-07$1.08
2025-07-21$1.08
2025-05-12$1.08
2025-02-07$0.98
2024-11-07$0.98

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-09-23Aug/2026$1.33
2026-06-24May/2026$1.31
2026-03-25Feb/2026$1.68
2025-12-19Nov/2025$1.24
2025-09-30Aug/2025$1.21
2025-06-25May/2025$1.18
2025-03-26Feb/2025$1.48
2024-12-19Nov/2024$1.12

Filings and sources

Company website
paychex.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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