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113.55 USD
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P/E
23.22
EPS
4.89
Yield
3.95%
Safety Score
49
P/B
10.81
ROE
40.26
Beta
0.89
Target Price
108.50 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.
📅
1M 6M YTD 1Y 2Y 5Y Max
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Key Metrics
Earnings dateSept. 29, 2026
P/E23.22
EPS4.89
Book Value10.50
Price to Book10.81
Debt/Equity123.97
% Insiders10.360%
Growth
Revenue Growth0.13%
Earnings Growth0.43%
Estimates
Forward P/E17.78
Forward EPS6.39
Target Mean Price108.50
Dividend
Dividend Yield3.95%
Annual dividends4.43 USD
Ex-Div. DateJuly 28, 2026
Payout90.31%
5y avg Yield2.66%

DCF Valuation

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Currency: USD
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DCF Result
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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 113.55 USD. Market analysts have a consensus price target of 108.50 USD. This suggests the asset is currently trading above analyst expectations.

In terms of valuation, the stock trades at a P/E ratio of 23.22. This valuation is generally in line with the broader market.

Earnings Schedule: Paychex, Inc. is expected to release its next earnings report on Sept. 29, 2026. The market consensus estimate for Forward EPS is 6.39.

For income investors, Paychex, Inc. pays a dividend yield of 3.95%. With a payout ratio of 90%, the dividend appears to be under pressure.

Investor FAQ

Does Paychex, Inc. pay a dividend?

Yes, it pays an annual dividend of 4.43 USD (3.95% 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 Sept. 29, 2026. The company currently has a trailing EPS of 4.89.

Company Profile

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.

Exchange Ticker
FRA (Germany) PCX.F
NMS (United States) PAYX
GER (Germany) PCX.DE
VIE (Austria) PAYX.VI
SAO (Brazil) P1AY34.SA
Trades
Dividend Yield
3.95%
5y avg 2.66%
Annual Dividends
4.43USD
Next Ex. Div Date
July 28, 2026
Payout Ratio
90.31%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
▸2027
2.52 USD
May 17, 2027 (estimated) 1.3355
Feb. 15, 2027 (estimated) 1.1848
▸2026
4.67 USD
Nov. 16, 2026 (estimated) 1.2121
Aug. 28, 2026 1.1900
May 29, 2026 1.1900
Feb. 27, 2026 1.0800
▸2025
4.22 USD
Nov. 26, 2025 1.0800
Aug. 29, 2025 1.0800
May 29, 2025 1.0800
Feb. 27, 2025 0.9800
▸2024
3.83 USD
Nov. 27, 2024 0.9800
Aug. 29, 2024 0.9800
May 30, 2024 0.9800
Feb. 27, 2024 0.8900
▸2023
3.46 USD
Nov. 28, 2023 0.8900
Aug. 24, 2023 0.8900
May 25, 2023 0.8900
Feb. 23, 2023 0.7900
▸2022
3.03 USD
Nov. 23, 2022 0.7900
Aug. 25, 2022 0.7900
May 26, 2022 0.7900
Feb. 24, 2022 0.6600
▸2021
2.60 USD
Nov. 29, 2021 0.6600
Aug. 26, 2021 0.6600
May 27, 2021 0.6600
Feb. 25, 2021 0.6200
▸2020
2.48 USD
Nov. 24, 2020 0.6200
Aug. 27, 2020 0.6200
May 28, 2020 0.6200
Feb. 20, 2020 0.6200
▸2019
2.42 USD
Nov. 21, 2019 0.6200
Aug. 22, 2019 0.6200
May 30, 2019 0.6200
Feb. 15, 2019 0.5600
▸2018
2.18 USD
Nov. 15, 2018 0.5600
Aug. 23, 2018 0.5600
May 24, 2018 0.5600
Feb. 15, 2018 0.5000
▸2017
1.92 USD
Nov. 15, 2017 0.5000
Aug. 24, 2017 0.5000
May 25, 2017 0.4600
Feb. 15, 2017 0.4600
▸2016
1.76 USD
Nov. 22, 2016 0.4600
Aug. 25, 2016 0.4600
May 23, 2016 0.4200
Feb. 16, 2016 0.4200
▸2015
1.60 USD
Nov. 19, 2015 0.4200
Aug. 20, 2015 0.4200
May 21, 2015 0.3800
Feb. 17, 2015 0.3800
▸2014
1.46 USD
Nov. 20, 2014 0.3800
Aug. 15, 2014 0.3800
May 23, 2014 0.3500
Feb. 17, 2014 0.3500
▸2013
0.70 USD
Nov. 15, 2013 0.3500
Aug. 15, 2013 0.3500
▸2012
1.95 USD
Dec. 28, 2012 0.6600
Nov. 15, 2012 0.3300
Aug. 15, 2012 0.3200
May 15, 2012 0.3200
Feb. 15, 2012 0.3200
▸2011
1.25 USD
Nov. 15, 2011 0.3200
Aug. 15, 2011 0.3100
May 16, 2011 0.3100
Feb. 15, 2011 0.3100
▸2010
1.24 USD
Nov. 15, 2010 0.3100
Aug. 16, 2010 0.3100
May 17, 2010 0.3100
Feb. 16, 2010 0.3100
▸2009
1.24 USD
Nov. 16, 2009 0.3100
Aug. 17, 2009 0.3100
May 15, 2009 0.3100
Feb. 16, 2009 0.3100
▸2008
1.22 USD
Nov. 15, 2008 0.3100
Aug. 15, 2008 0.3100
May 15, 2008 0.3000
Feb. 15, 2008 0.3000
▸2007
1.02 USD
Nov. 15, 2007 0.3000
Aug. 15, 2007 0.3000
May 15, 2007 0.2100
Feb. 15, 2007 0.2100
▸2006
0.69 USD
Nov. 15, 2006 0.2100
Aug. 15, 2006 0.1600
May 15, 2006 0.1600
Feb. 15, 2006 0.1600
▸2005
0.55 USD
Nov. 15, 2005 0.1600
Aug. 15, 2005 0.1300
May 16, 2005 0.1300
Feb. 15, 2005 0.1300
▸2004
0.49 USD
Nov. 15, 2004 0.1300
Aug. 16, 2004 0.1200
May 17, 2004 0.1200
Feb. 16, 2004 0.1200
▸2003
0.45 USD
Nov. 17, 2003 0.1200
Aug. 15, 2003 0.1100
May 15, 2003 0.1100
Feb. 17, 2003 0.1100
▸2002
0.44 USD
Nov. 15, 2002 0.1100
Aug. 15, 2002 0.1100
May 15, 2002 0.1100
Feb. 15, 2002 0.1100
▸2001
0.38 USD
Nov. 15, 2001 0.1100
Aug. 15, 2001 0.0900
May 15, 2001 0.0900
Feb. 15, 2001 0.0900
▸2000
0.27 USD
Nov. 15, 2000 0.0900
Aug. 15, 2000 0.0600
May 15, 2000 0.0600
Feb. 15, 2000 0.0600
▸1999
0.18 USD
Nov. 15, 1999 0.0600
Aug. 16, 1999 0.0400
May 17, 1999 0.0400
Feb. 15, 1999 0.0400
▸1998
0.12 USD
Nov. 16, 1998 0.0400
Aug. 17, 1998 0.0267
May 15, 1998 0.0267
Feb. 16, 1998 0.0267
▸1997
0.08 USD
Nov. 24, 1997 0.0267
Aug. 21, 1997 0.0178
May 22, 1997 0.0178
Feb. 20, 1997 0.0178
▸1996
0.05 USD
Nov. 25, 1996 0.0178
Aug. 22, 1996 0.0119
May 16, 1996 0.0119
Feb. 22, 1996 0.0119
▸1995
0.04 USD
Nov. 22, 1995 0.0119
Aug. 24, 1995 0.0079
May 18, 1995 0.0079
Feb. 23, 1995 0.0079
▸1994
0.02 USD
Nov. 22, 1994 0.0079
Aug. 24, 1994 0.0053
May 25, 1994 0.0053
Feb. 23, 1994 0.0053
▸1993
0.02 USD
Nov. 22, 1993 0.0053
Aug. 19, 1993 0.0035
May 25, 1993 0.0035
Feb. 23, 1993 0.0035
▸1992
0.01 USD
Nov. 18, 1992 0.0035
Aug. 20, 1992 0.0023
May 20, 1992 0.0023
Feb. 24, 1992 0.0023
▸1991
0.01 USD
Nov. 20, 1991 0.0023
Aug. 20, 1991 0.0020
May 21, 1991 0.0020
Feb. 21, 1991 0.0020
▸1990
0.01 USD
Nov. 20, 1990 0.0020
Aug. 20, 1990 0.0016
May 21, 1990 0.0016
Feb. 26, 1990 0.0016
▸1989
0.01 USD
Nov. 20, 1989 0.0016
Aug. 21, 1989 0.0012
May 19, 1989 0.0012
Feb. 20, 1989 0.0012
▸1988
0.00 USD
Nov. 30, 1988 0.0012
Upcoming Dividends
Name Payment Date Status Amount
Paychex, Inc. Aug 28, 2026 Upcoming 1.19 USD
Paychex, Inc. May 29, 2026 1.19 USD
Paychex, Inc. Feb 27, 2026 1.08 USD
Paychex, Inc. Nov 26, 2025 1.08 USD
Stock Splits
Split Date Split Ratio to 1
May 21, 1992 1.500000
Aug. 27, 1993 1.500000
May 26, 1995 1.500000
May 24, 1996 1.500000
May 30, 1997 1.500000
May 26, 1998 1.500000
May 24, 1999 1.500000
May 23, 2000 1.500000
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