Paychex Inc (PAYX) stock

PAYXNasdaqServices-Engineering, Accounting, Research, ManagementFiscal year ends May 31

Financials through Q1 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Sep 24, 2026Score 19/306% below fair value

$115.68+0.50 (+0.43%)

Close on Nov 13, 2026Market cap $41.18BP/E 23.0Yield 3.83%

Paychex statistics

112 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Dec 18, 2026 (estimated, before the open)
Last ex-dividend date: Oct 26, 2026
Fundamentals through: Aug 31, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $41.18B; $316.59M
Enterprise Value: $44.80B; $335.31M
PE Ratio: 22.95; 27.46
PS Ratio: 6.24; 1.56
PB Ratio: 11.11; 2.66
P/FCF Ratio: 20.42; 19.11
P/OCF Ratio: 18.29; 15.75

Enterprise valuationIndustry

EV / Sales: 6.79; 1.58
EV / EBITDA: 14.78; 15.76
EV / EBIT: 17.31; 19.73
EV / FCF: 22.22; 22.45

Share statisticsIndustry

Shares Outstanding: 356M; 28M
Shares Change (YoY): -0.91%; 1.02%
Shares Change (QoQ): 0.11%; 0.00%
Float: 320M; 27M
Shares Held by Insiders: 10.2%; 4.27%
Shares Held by Institutions: 83.3%; 67.7%

Short sellingIndustry

Short Interest: 20M; –
Short Interest Change: -4.60%; -4.60%
Short % of Float: 6.21%; 5.23%
Short % of Shares Outstanding: 5.58%; 3.31%
Days to Cover: 6.56; 4.22

Stock price statisticsIndustry

52-Week High: $127.98; –
52-Week Low: $85.45; –
20-Day Moving Average: $114.55; –
50-Day Moving Average: $110.96; –
200-Day Moving Average: $103.91; –
Average True Range (14): $3.16; –
Price Change (1 Week): -1.18%; 1.02%
Price Change (1 Month): 4.42%; -2.18%
Price Change (3 Months): -2.41%; -6.06%
Price Change (6 Months): 26.4%; 0.51%
Price Change (YTD): 3.12%; -1.13%
Price Change (1 Year): 4.14%; -4.03%
Price Change (3 Years): -0.50%; -18.4%
Price Change (5 Years): -7.16%; -37.5%
Price Change (10 Years): 105.5%; 86.3%
Average Volume (10 Days): 3M; –
Average Volume (20 Days): 3M; –
Average Volume (90 Days): 3M; –
Relative Volume: 0.44; 0.69
Relative Strength Index (14): 55.1; 45.8
Volatility (1 Year): 30.9%; 62.9%
Beta (5 Years): 0.75; 0.83

MarginsIndustry

Gross Margin: 74.4%; 41.3%
Operating Margin: 39.2%; 1.24%
Pretax Margin: 36.0%; 2.70%
Profit Margin: 27.4%; 0.84%
EBITDA Margin: 45.9%; 3.79%
FCF Margin: 30.5%; 5.92%

Returns on capitalIndustry

Return on Equity (ROE): 47.1%; 1.76%
Return on Assets (ROA): 11.2%; -2.60%
Return on Invested Capital (ROIC): 26.9%; 5.25%
Return on Capital Employed (ROCE): 27.8%; 3.71%

Financial positionIndustry

Current Ratio: 1.28; 1.36
Quick Ratio: 0.15; 0.75
Debt / Equity: 1.23; 0.45
Debt / EBITDA: 1.50; 2.28
Debt / FCF: 2.26; 4.31
Net Debt / EBITDA: 1.20; 1.90
Interest Coverage: 9.71; -0.21

GrowthIndustry

Revenue Growth (YoY): 14.0%; 5.34%
Net Income Growth (YoY): 11.9%; -2.26%
EPS Growth (YoY): 13.3%; 10.6%
FCF Growth (YoY): 8.36%; -6.06%
Revenue Growth (3Y CAGR): 9.15%; 5.14%
Revenue Growth (5Y CAGR): 9.93%; 7.65%
EPS Growth (3Y CAGR): 4.38%; 4.38%
EPS Growth (5Y CAGR): 10.0%; 9.57%

EfficiencyIndustry

Asset Turnover: 0.41; 0.82
Revenue Per Employee: $375.14K; $215.67K
Profits Per Employee: $102.61K; -$534
Employee Count: 17,600; 99
WACC: 8.43%; 8.43%

Income statement (TTM)Industry

Revenue: $6.60B; $23.08M
Gross Profit: $4.91B; $19.35M
Operating Income: $2.59B; -$48.83K
Pretax Income: $2.38B; -$31.25K
Net Income: $1.81B; -$62.45K
EBITDA: $3.03B; -$25.17K
EPS (Diluted): $5.04; $0.00

Balance sheetIndustry

Cash & Short-Term Investments: $934.20M; $5.19M
Total Debt: $4.56B; $138.33M
Net Cash (Debt): -$3.62B; $15.49K
Net Cash Per Share: -$10.18; $0.00
Equity (Book Value): $3.71B; $10.55M
Book Value Per Share: $10.41; $0.73
Tangible Book Value: -$2.45B; $13.82K
Working Capital: $1.75B; $4.37M

Cash flow (TTM)Industry

Operating Cash Flow: $2.25B; $41.37K
Capital Expenditures: -$235.10M; -$6.55M
Free Cash Flow: $2.02B; $6.94M
FCF Per Share: $5.67; $0.47

Dividends and yieldsIndustry

Earnings Yield: 4.39%; 0.84%
FCF Yield: 4.90%; 2.69%
Dividend Yield: 3.83%; 1.56%
Buyback Yield: 1.09%; 2.36%
Shareholder Yield: 4.92%; 2.63%
Dividend Per Share: $4.43; $0.52
Dividend Growth (YoY): 10.2%; 7.42%
Years of Dividend Growth: 15; 1
Payout Ratio: 90.0%; 44.1%
FCF Payout Ratio: 80.6%; 35.6%

Taxes and interestIndustry

Interest Expense: $266.40M; $476.57K
Income Tax: $572.40M; $1.16M
Effective Tax Rate: 24.1%; 24.1%

Scores and fair valueIndustry

Graham Number: $34.36; $19.24
Graham Upside: -70.3%; -53.8%
Altman Z-Score: 3.33; 2.96
Piotroski F-Score: 5; 5
Lynch Fair Value: $50.63; –
Lynch Upside: -56.2%; -26.5%

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	PAYX	S&P 500	Difference	PAYX per year	S&P 500 per year
1 month	+10.0%	-3.0%	+13.0 pts
3 months	-6.8%	-2.8%	−4.0 pts
Year to date	+7.7%	+11.5%	−3.8 pts
1 year	+8.1%	+13.5%	−5.4 pts
3 years	+12.2%	+77.7%	−65.5 pts	+3.9%	+21.1%
5 years	+8.9%	+72.6%	−63.7 pts	+1.7%	+11.5%
10 years	+179.0%	+308.2%	−129.2 pts	+10.8%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

20M PAYX shares were sold short on Oct 30, 2026, down 4.6% from the previous report, or 6.21% of the shares available to trade. At recent volumes it would take 6.6 days to buy them back. Over the last 20 sessions, 61.9% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	19,866,791	-4.6%	3,028,082	6.6
Oct 15, 2026	20,823,747	+10.6%	2,665,598	7.8
Sep 30, 2026	18,828,544	-5.0%	4,406,044	4.3
Sep 15, 2026	19,816,479	-3.0%	2,460,080	8.1
Aug 31, 2026	20,420,231	+6.1%	2,114,342	9.7
Aug 14, 2026	19,240,317	-4.5%	2,337,687	8.2
Jul 31, 2026	20,143,488	+4.7%	3,597,321	5.6
Jul 15, 2026	19,234,786	-5.6%	2,887,390	6.7
Jun 30, 2026	20,374,922	-1.2%	4,575,170	4.5
Jun 15, 2026	20,615,390	+3.0%	2,946,009	7.0
May 29, 2026	20,011,633	-2.3%	3,003,319	6.7
May 15, 2026	20,483,868	+7.0%	3,213,395	6.4