Paychex, Inc.
PAYX
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-07.
- Paychex operates in the growing software application industry, providing essential services to small and medium-sized businesses, which are increasingly relying on technology for payroll and HR solutions.
- In 2026, Paychex reported a revenue of $6.51 billion, reflecting a 16.8% increase from $5.57 billion in 2025.
- The company achieved a net income of $1.76 billion in 2026, up from $1.66 billion in 2025, indicating strong earnings growth.
- Paychex faces competitive pressures in the software application market, with numerous players vying for market share, which could impact pricing and margins.
- In the most recent quarter, revenue declined by 11% compared to the prior quarter, dropping from $1.8 billion to $1.6 billion.
- The operating margin decreased to 37.7% in the latest quarter, down from 43.8% in the previous quarter, indicating potential operational challenges.
Fundamentals
| Market cap | $37.19B | Enterprise value | $40.87B | Trailing P/E | 20.73 | Forward P/E | 16.35 |
| PEG | 1.89 | Price / book | 9.94 | Beta | 0.85 | Dividend yield | 4.56% |
| Revenue growth | 5.9% | Earnings growth | 13.9% | Gross margin | 74.4% | Operating margin | 38.5% |
| Profit margin | 27.4% | ROE | 47.1% | ROA | 10.2% | Debt / equity | 1.25 |
| Current ratio | 1.28 | Free cash flow | $1.89B | Analyst recommendation | hold | Mean target | $113.93 |
| 52w high | $129.24 | 52w low | $85.45 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $1.6B | $1.5B | $1.4B |
| Op margin | 37.7% | 43.8% | 36.7% | 35.2% | 30.2% |
| Net income | $421M | $560M | $395M | $384M | $297M |
| Gross margin | 74.0% | 76.2% | 73.5% | 73.1% | 72.4% |
| Gross profit | $1.2B | $1.4B | $1.1B | $1.1B | $1.0B |
| Operating income | $605M | $792M | $572M | $542M | $431M |
- Revenue -11% vs prior quarter ($1.6B vs $1.8B).
- Gross margin 74% (was 76.2% prior quarter).
- Operating margin compressed to 37.7%.
Yearly (6y)
| 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Revenue | $6.5B | $5.6B | $5.3B | $5.0B |
| Op margin | 38.6% | 39.6% | 41.2% | 40.6% |
| Net income | $1.8B | $1.7B | $1.7B | $1.6B |
| Gross margin | 74.3% | 72.4% | 72.0% | 71.0% |
| Gross profit | $4.8B | $4.0B | $3.8B | $3.6B |
| Operating income | $2.5B | $2.2B | $2.2B | $2.0B |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · Paychex Honored as a Workforce Management Technology Leader by NelsonHall
2026-10-07 · The Hidden Risks Behind Paychex’s Attractive Dividend
2026-10-05 · The Bull Case For Paychex (PAYX) Could Change Following AI WISE Hire Launch And Buyback Activity
2026-10-03 · ADP Warns of Cooling Labor Market While Its Own Business Feels the Chill
2026-10-02 · Extensive Database & Solid Bookings Benefit IQVIA Amid Low Liquidity
2026-10-02 · Paychex (PAYX) Beat Earnings and Then Paid Shareholders Nearly Every Dollar It Made
2026-10-01 · The Nasdaq Rose 1.9% in September. Intel Exploded 34%
2026-10-01 · Accenture's Q4 Earnings Beat Estimates, Revenues Increase 6% Y/Y
2026-09-30 · FactSet's Q4 Earnings Beat Estimates, Revenues Increase 6.3% Y/Y
2026-09-29 · Does Paychex (PAYX) Deserve A Discount After Its 22% Slide?
2026-09-29 · Paychex Just Fell 14%. How Does Its Dividend Stack Up Against ADP?
2026-09-29 · ACN Set to Report Q4 Earnings: Here's What Investors Should Know
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