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91.70 USD
P/E
20.24
EPS
4.53
Yield
4.71%
Safety Score
49
P/B
8.18
ROE
40.26
Beta
0.89
Target Price
102.80 USD
Paychex, Inc. logo

Paychex, Inc.

🧾 Earnings Recap – Q3 2026

Paychex, Inc. delivered robust financial results for Q3 FY2026, with revenues increasing 20% and adjusted operating income rising 22% year-over-year, fueled by strong demand for HR and compliance solutions and ongoing AI integration.

  • Revenue growth driven by strong performance in retirement, ASO, and PEO services, highlighting a durable business model.
  • Continued momentum in client base, with over 800,000 clients relying on Paychex for comprehensive HR support amid a challenging labor market.
  • Successful integration of Paycor exceeds synergy targets; momentum builds with increased bookings and broker referrals.
  • Expansion of AI capabilities leads to enhanced client service and decision-making support, with over 500 AI-powered features implemented.
  • Introduction of Paychex Perks strengthens SMB benefits offerings, establishing a new competitive edge in attracting and retaining talent.
📅
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Key Metrics
Earnings dateJuly 1, 2026
P/E20.24
EPS4.53
Book Value11.20
Price to Book8.18
Debt/Equity124.91
% Insiders10.377%
Growth
Revenue Growth0.20%
Earnings Growth0.09%
Estimates
Forward P/E15.53
Forward EPS5.90
Target Mean Price102.80
Dividend
Dividend Yield4.71%
Annual dividends4.32 USD
Ex-Div. DateJan. 28, 2026
Payout94.97%
5y avg Yield2.66%

DCF Valuation

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DCF Result

Fair Value (DCF)
Current Price
Upside
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Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Paychex, Inc. Logo Paychex, Inc. Analysis (PAYX)

United States Industrials Official Website Stock

Is Paychex, Inc. a good investment? Paychex, Inc. (PAYX) is currently trading at 91.70 USD. Market analysts have a consensus price target of 102.80 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 20.24. This valuation is generally in line with the broader market.

Earnings Schedule: Paychex, Inc. is expected to release its next earnings report on July 1, 2026. The market consensus estimate for Forward EPS is 5.90.

For income investors, Paychex, Inc. pays a dividend yield of 4.71%. With a payout ratio of 95%, the dividend appears to be under pressure.

Investor FAQ

Does Paychex, Inc. pay a dividend?

Yes, it pays an annual dividend of 4.32 USD (4.71% yield).

What asset class is Paychex, Inc.?

Paychex, Inc. is classified as a Stock. You can compare it against 5 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be July 1, 2026. The company currently has a trailing EPS of 4.53.

Company Profile

Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for payroll, employee benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services. The company 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; HR support to non-payroll clients through HR Partner Plus solution; 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, employer compliance, HR and employee benefits administration, risk management outsourcing, and both virtual and on-site availability of a professionally trained HR representative, and other solutions to businesses. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

Exchange Ticker
NMS (United States) PAYX
GER (Germany) PCX.DE
VIE (Austria) PAYX.VI
SAO (Brazil) P1AY34.SA
FRA (Germany) PCX.F
Dividend Yield

4.71% (5y avg: 2.66%)

Annual Dividends

4.32 USD

Next ex. div date

Jan. 28, 2026

Payout Ratio

94.97%

Historical Dividends
Year Total Dividends
2027 1.18 USD
2026 4.72 USD
2025 4.22 USD
2024 3.83 USD
2023 3.46 USD
2022 3.03 USD
2021 2.60 USD
2020 2.48 USD
2019 2.42 USD
2018 2.18 USD
2017 1.92 USD
2016 1.76 USD
2015 1.60 USD
2014 1.46 USD
2013 0.70 USD
2012 1.95 USD
2011 1.25 USD
2010 1.24 USD
2009 1.24 USD
2008 1.22 USD
2007 1.02 USD
2006 0.69 USD
2005 0.55 USD
2004 0.49 USD
2003 0.45 USD
2002 0.44 USD
2001 0.38 USD
2000 0.33 USD
1999 0.33 USD
1998 0.33 USD
1997 0.33 USD
1996 0.33 USD
1995 0.33 USD
1994 0.27 USD
1993 0.24 USD
1992 0.22 USD
1991 0.21 USD
1990 0.17 USD
1989 0.13 USD
1988 0.03 USD

Yearly aggregated dividends

Dividends

Paychex, Inc.
Feb 27, 2026 Paid
Dividend
1.08 USD
Paychex, Inc.
Nov 26, 2025 Paid
Dividend
1.08 USD
Paychex, Inc.
Aug 29, 2025 Paid
Dividend
1.08 USD
Paychex, Inc.
May 29, 2025 Paid
Dividend
1.08 USD

Historical Split Corporate Actions

Split Date Split Ratio to 1
May 23, 2000 1.500000
May 24, 1999 1.500000
May 26, 1998 1.500000
May 30, 1997 1.500000
May 24, 1996 1.500000
May 26, 1995 1.500000
Aug. 27, 1993 1.500000
May 21, 1992 1.500000
Nov. 16, 1987 1.500000
June 13, 1986 1.500000
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