Paychex's fundamental outlook is characterized by a normalization of revenue growth, which decelerated to 5.9% in 2027Q1, while core gross margins remain robust at approximately 74%.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has normalized to 5.9% in 2027Q1 from a peak of 19.9%, while operating margin remains volatile at 38.0% due to fluctuations in stock-based compensation and SG&A.
Paychex benefits from strong recurring revenues, which provide stability and predictable cash flows.
The company maintains high margins, reflecting efficient operations and profitability.
A recent 10.2% dividend increase underscores Paychex's financial strength and commitment to shareholder returns.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Sep 23, 2026 | $1.34+1.5% vs $1.32 | $1.6B+0.2% vs $1.6B |
Q3 2026 Jun 24, 2026 | $1.32+0.8% vs $1.31 | $1.6B+0.3% vs $1.6B |
Q2 2026 Mar 25, 2026 | $1.71+2.4% vs $1.67 | $1.8B+1.5% vs $1.8B |
Q4 2025 Dec 19, 2025 | $1.26+2.4% vs $1.23 | $1.6B+0.3% vs $1.6B |
International Assets Investment Management LLC increased its position in shares of Paychex, Inc. (NASDAQ: PAYX) by 308.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the business services provider's stock after purchasing an additional 15,102 shares
Bank Julius Baer and Co. Ltd Zurich grew its stake in shares of Paychex, Inc. (NASDAQ: PAYX) by 83.4% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,806 shares of the business services provider's stock after purchasing an additional 20,376
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ROCHESTER, N.Y., Nov. 03, 2026 (GLOBE NEWSWIRE) -- According to the Paychex Small Business Employment Watch, job growth among U.S. small businesses with fewer than 50 employees held steady in October.
Benchmark PAYX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Paychex, Inc. (PAYX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $117.06 | $41.63B | 23.94 | 16.88% | 27.03% | 44.77% | 3.77% | |
| $303.35 | $121.26B | 27.70 | 6.74% | 20.33% | 75.85% | 2.17% | |
| $173.15 | $9.27B | 35.19 | 11.04% | 15.23% | 23.44% | — | |
| $237.32 | $12.95B | 29.37 | 8.95% | 22.78% | 40.43% | 0.64% | |
| $66.63 | $3.06B | 21.09 | -0.85% | 3.56% | 174.18% | 1.63% | |
| $49.82 | $1.9B | -276.78 | 3.51% | 0.04% | 5.5% | 4.75% |
Paychex, Inc. (PAYX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Paychex, Inc. (PAYX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Sep 23, 2026·SEC
Jun 24, 2026·SEC
Mar 25, 2026·SEC
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Paychex, Inc. (PAYX) stock FAQ — growth, dividends, profitability & financials explained
Paychex, Inc. (PAYX) reported $6.60B in revenue over the trailing twelve months. Revenue was $6.51B in fiscal year 2026. That is 786% more than the $734.7M of fiscal year 1997.
Paychex, Inc. (PAYX) grew revenue by 16.9% in fiscal year 2026, compared with the prior fiscal year.
Yes. Paychex, Inc. (PAYX) earned $1.81B in net income over the trailing twelve months (a 27.4% net margin).
Yes. Paychex, Inc. (PAYX) pays a dividend that yields 3.77% at the current price, a moderate yield.
Paychex, Inc. (PAYX) had a return on equity (ROE) of 44.8% in fiscal year 2026. That is well above the market's typical 10-15%.
Paychex, Inc. (PAYX) generated $2.02B in free cash flow over the trailing twelve months.
