Paychex, Inc.: stock overview

PAYXNASDAQIndustrials · Services-Engineering, Accounting, Research, Management

Price

$115.68

November 13, 2026Market cap $41.1B

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  • The full history: 17 fiscal years, from FY2010
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

Paychex had revenue of $6.6B over the last 12 months and net income of $1.8B, a net margin of 27.4%. Revenue grew by 9.9% a year on average over the last 5 years. At $115.68 the shares trade at a P/E of 22.8, against a median of 25.7 over the last 5 fiscal years. It has net debt of $3.6B. It pays a dividend yielding 4.02%.

From its SEC filings (latest fiscal year to May 31, 2026) and the price of November 13, 2026.

Its SEC filings
Market cap
$41.1B
356M shares
P/E
22.8
Today22.8
Median25.7
Revenue, 12 months
$6.6B
+9.9% a year over 5 years
Net margin
27.4%
FY2025: 27.0%, above 99% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2024–FY2026 fiscal years

+11.1% a year over 2 years

  • FY2026May 31, 202610-K
    Revenue$6.5B
  • FY2025May 31, 202510-K
    Revenue$5.6B
  • FY2024May 31, 202410-K
    Revenue$5.3B

Fiscal years in figures

PAYX's revenue, profit, cash flow and dividend with each year-end price, from FY2010 to FY2023, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $43.3B
$41.1B
Enterprise value 
$44.8B
P/E 3-year median: 25.7
22.8
EV / EBIT 
17.3
EV / Revenue 
6.8
P/B 3-year median: 11.4
11.1
FCF yield 3-year median: 4.0%
4.9%
Earnings yield 3-year median: 3.9%
4.4%

Profitability

Gross margin 
74.4%
Operating margin 
39.2%
Net margin 3-year median: 29.7%
27.4%
ROIC 
22.5%
ROIC, 5-year average 
31.0%
ROE 
46.8%

Growth

Revenue, yearly change 
+16.9%
EPS, yearly change 
+6.8%
FCF, yearly change 
+35.9%
Revenue, average a year 
+9.9%
EPS, average a year 
+10.1%

The yearly change compares FY2026 with FY2025.

Balance sheet

Cash 
$934M
Total debt 
$4.6B
Of which operating leases 
$63M
Net debt 
$3.6B
Net debt / EBITDA 
1.2x
Interest cover 
9.7x
Current ratio 
1.28

Balance sheet of August 31, 2026.

Returns to shareholders

Dividend yield 3-year median: 3.0%
4.02%
Buybacks 
1.48%
Total returned 
5.50%
Shares, yearly change 
-1.3%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 87).

Operating margin

38.6%

Above 97% of the 43 companies in its industry, and 96% of all.

Net margin

27.0%

Above 99% of the 42 companies in its industry, and 88% of all.

ROE

45.4%

Above 88% of the 39 companies in its industry, and 96% of all.

ROA

10.7%

Above 84% of the 41 companies in its industry, and 88% of all.

Revenue growth

16.9%

Above 76% of the 40 companies in its industry, and 76% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
PAYCHEX INC
CIK
723531
Exchange
NASDAQ
Industry (SIC)
8700 · Services-Engineering, Accounting, Research, Management
Fiscal year ends
May 31
Latest annual report
May 31, 2026
Reporting currency
USD
Shares
356M

Other companies: Industrials

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The full analysis

What do Paychex's filings show?

These are Paychex's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about PAYX

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What is PAYX's market cap?

Paychex, Inc.'s market cap is $41.1B, at a price of $115.68 on November 13, 2026 and 356M shares.

What is PAYX's P/E?

PAYX's P/E is 22.8, on earnings per share of $5.05 over the last 12 months. The median over the last 5 fiscal years was 25.7.

How much revenue does PAYX have?

Paychex had revenue of $6.6B over the last 12 months. Over the last 5 years it changed by +9.9% a year on average.

Does PAYX pay a dividend?

Yes. Paychex paid $4.65 per share over the last 12 months, a yield of 4.02% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Paychex, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.