Paychex Inc (PAYX)

Price$93.09

Favorite Metrics

Price vs S&P 500 (26W)-33.83%

Price vs S&P 500 (4W)-8.58%

Market Capitalization$33.07B

P/E Ratio (Annual)19.96x

Indicated Dividend Yield (Annual)4.64%

All Metrics

P/CF (Annual)17.40x

Book Value / Share (Quarterly)$11.20

P/TBV (Annual)26.04x

Indicated Dividend (Annual)$4.32

Revenue Growth (3Y)6.51%

Cash Flow / Share (Quarterly)$5.75

Payout Ratio (TTM)94.97%

Price vs S&P 500 (YTD)-20.95%

Gross Margin (TTM)91.37%

Net Profit Margin (TTM)25.84%

EPS (TTM)$4.54

10-Day Avg Trading Volume3.44M

EPS Excl Extra (TTM)$4.54

Revenue Growth (5Y)6.64%

EPS (Annual)$4.58

Dividend / Share (Annual)$4.02

ROI (Annual)18.22%

Gross Margin (Annual)88.53%

Net Profit Margin (5Y Avg)30.02%

Cash / Share (Quarterly)$4.97

P/E Basic Excl Extra (TTM)20.21x

Revenue Growth QoQ (YoY)19.87%

EPS Growth (5Y)8.52%

P/E Normalized (Annual)19.96x

ROA (Last FY)10.01%

Revenue Growth TTM (YoY)16.44%

EBITD / Share (TTM)$7.55

ROE (5Y Avg)42.31%

Operating Margin (TTM)36.36%

Cash Flow / Share (Annual)$4.66

P/B Ratio8.24x

P/B Ratio (Quarterly)8.41x

Net Income / Employee (Annual)$0

EV / Revenue (TTM)5.73x

Net Interest Coverage (TTM)55.47x

ROA (TTM)9.73%

EPS Growth QoQ (YoY)8.65%

EV / EBITDA (TTM)13.32x

EPS Incl Extra (Annual)$4.58

Current Ratio (Annual)1.28x

Quick Ratio (Quarterly)1.21x

3-Month Avg Trading Volume3.96M

52-Week Price Return-35.76%

EV / Free Cash Flow (Annual)21.61x

P/E Incl Extra (TTM)20.21x

Revenue / Employee (TTM)$0

Tangible BV / Share (Quarterly)$6.32

P/S Ratio (Annual)5.94x

Asset Turnover (Annual)0.34x

52-Week High$161.24

Operating Margin (5Y Avg)39.34%

EPS Excl Extra (Annual)$4.58

CapEx CAGR (5Y)10.13%

Tangible BV CAGR (5Y)-2.31%

26-Week Price Return-26.94%

Quick Ratio (Annual)1.22x

13-Week Price Return-15.76%

Total Debt / Equity (Annual)1.20x

Current Ratio (Quarterly)1.26x

Enterprise Value$36,285.43

Revenue / Share Growth (5Y)6.58%

Asset Turnover (TTM)0.38x

Book Value / Share Growth (5Y)8.11%

Revenue / Employee (Annual)$0

Pretax Margin (Annual)39.05%

Cash / Share (Annual)$4.61

3-Month Return Std Dev31.24%

Gross Margin (5Y Avg)90.76%

Net Income / Employee (TTM)$0

EBITDA CAGR (5Y)6.39%

EBITDA Interim CAGR (5Y)11.79%

ROE (Last FY)40.15%

Net Interest Coverage (Annual)14.12x

EPS Basic Excl Extra (Annual)$4.58

P/FCF (TTM)16.06x

Receivables Turnover (TTM)3.27x

EV / Free Cash Flow (TTM)17.62x

Total Debt / Equity (Quarterly)1.23x

EPS Incl Extra (TTM)$4.54

Receivables Turnover (Annual)3.14x

ROI (TTM)18.26%

Dividend Growth Rate (5Y)10.17%

P/S Ratio (TTM)5.22x

Pretax Margin (5Y Avg)39.38%

Revenue / Share (Annual)$15.39

Tangible BV / Share (Annual)$6.05

Forward P/E16.94x

Free OCF CAGR (5Y)5.19%

Price vs S&P 500 (52W)-70.39%

P/E Ratio (TTM)20.21x

EPS Growth TTM (YoY)-5.65%

Year-to-Date Return-17.02%

5-Day Price Return4.77%

EPS Normalized (Annual)$4.58

ROA (5Y Avg)13.48%

Net Profit Margin (Annual)29.74%

Month-to-Date Return1.05%

Cash Flow / Share (TTM)$4.89

EBITD / Share (Annual)$6.26

EPS Growth (3Y)6.07%

Operating Margin (Annual)39.01%

LT Debt / Equity (Annual)1.10x

P/CF (TTM)14.26x

ROI (5Y Avg)31.21%

P/E Excl Extra (TTM)20.21x

LT Debt / Equity (Quarterly)1.13x

EPS Basic Excl Extra (TTM)$4.54

P/TBV (Quarterly)14.91x

Payout Ratio (Annual)87.40%

P/B Ratio (Annual)13.75x

Dividend / Share (TTM)$4.33

Pretax Margin (TTM)33.88%

Book Value / Share (Annual)$11.45

Price vs S&P 500 (13W)-18.14%

Net Margin Growth (5Y)1.82%

Dividend Yield (TTM)4.70%

Beta0.85x

P/FCF (Annual)19.70x

Revenue / Share (TTM)$17.62

ROE (TTM)40.94%

52-Week Low$85.45

Analyst Recommendations

Jan 2026

Feb 2026

Mar 2026

Apr 2026

2.70

2.68

Industry Peers — Engineering & Management Services(1)

Symbol	P/E Ratio (Annual)	ROE (TTM)	Revenue Growth (5Y)	Indicated Dividend Yield (Annual)	Price
PAYXPaychex Inc	19.96x	40.94%	6.64%	4.64%	$93.09
FORRForrester Research Inc	—	-80.76%	-2.44%	—	$6.10

About

Paychex is a cloud-based human capital management platform providing payroll, talent management, tax, and benefits administration solutions to mid-market businesses. The company operates a diversified revenue model: approximately half from software offerings, over 40% from its administrative service organization (ASO) and professional employer organization (PEO) outsourcing services, and the remainder from retirement and insurance products. It serves 800,000 clients and 2.5 million worksite employees.