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PAYX

Paychex, Inc.

PAYX

NASDAQ·Industrials·Staffing & Employment Services·Mkt cap $36.8B

$106.02

▲ +3.22%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$85.45 - $148.11

P/E

21.68

Fwd P/E

17.77

Beta

0.83

Div Yield

4.31%

Avg Vol

3.5M

Shares Out

358.3M

Mkt Cap

$36.8B

Price action

Price chart

Down 29.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Comprehensive integrated service platform
  • Direct sales force with industry expertise
  • Scalable cloud-based technology solutions
  • Extensive small to medium-business market focus
▼

Bear Case

1 risk

  • Average volatility.

Growth

Stable outlook

Small business digital transformation

Value

Attractively priced below HR & Payroll Services peer average

Momentum

Strong

+12.0% over 3m

Quality

Excellent

Excellent business quality

Dividend

Solid

4.31% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Sep 29, 2026

“
Q2 26 RECAP

JUN 24, 2026

Reported EPS of $1.32 vs $1.31 consensus (+0.8% surprise). Revenue of $1.6B vs $1.6B expected (+0.3%). Beat on both top and bottom lines.

EPS beat +0.8%
Rev beat +0.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+0.8%

Next: Sep 29, 2026

Revenue trend · last 8Q

—

—

+5%

+10%

+17%

+18%

+20%

+12%

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

Q3 26

Q4 26

$1.3B

$1.3B

$1.5B

$1.4B

$1.5B

$1.6B

$1.8B

$1.6B

Margins · last 8Q

Gross

74.0%

Operating

37.7%

Profit

26.2%

View full earnings history →

Wall Street consensus

8 analysts · 13% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

13%

Hold

5

63%

Sell

2

25%

Median Price Target

—

Latest: UBS · Jun 25, 2026

View full analyst page →

vs Industry

How PAYX stacks vs Staffing & Employment Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.