DalsnaFinance Account

Paychex $PAYX

Industrials · Human Resource & Employment Services · NASDAQ

S&P 500 Nasdaq-100 Russell 1000 New York

Create a scorecard

$112.91

+2.16 (+1.95%)

As of Oct 20, 2026, 2:23 PM EDT

Price history

Loading chart…

Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Sep 24, 2026, the first target we tracked for PAYX.

Key facts

52-week range (closes): $85.57 – $128.59 Lowest close Apr 10, 2026, highest Oct 14, 2025; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: May Fiscal 2026 ended May 31, 2026, from SEC filings
In the S&P 500 since: Oct 1, 1998 · All S&P 500 changes
In the Nasdaq-100 since: before 2007 · All Nasdaq-100 changes
Analyst coverage: 2 open price targets from 2 firms: Stifel, TD Cowen Approved targets tracked here; see the analyst section below

Paychex (PAYX) is trading up at $112.91 (+1.95%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Industrials sector.

Analyst price targets on PAYX

Current price targets from 2 firms average $109, ranging from $105 to $112 — 4% below the current $113. Each is tracked to its date and scored the same way a member's call is.

TD Cowen $101 → $105 by Sep 2027 Hold Sep 25, 2026 via Investing.com · TD Cowen's track record
Stifel $102 → $112 by Sep 2027 Hold Sep 24, 2026 via Investing.com · Stifel's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Paychex revenue & net income history (FY2017–FY2026)

RevenueNet incomeNet margin (right axis, %)

Paychex annual financial statements
	FY2017May 2017	FY2018May 2018	FY2019May 2019	FY2020May 2020	FY2021May 2021	FY2022May 2022	FY2023May 2023	FY2024May 2024	FY2025May 2025	FY2026May 2026
Income statement
Revenue	$3.15B	$3.38B	$3.77B	$4.04B	$4.06B	$4.61B	$5.01B	$5.28B	$5.57B	$6.51B
Growth (year over year)	+6.8%	+7.1%	+11.7%	+7.1%	+0.4%	+13.7%	+8.6%	+5.4%	+5.6%	+16.9%
Gross profit	—	$2.36B	$2.59B	$2.76B	$2.79B	$3.26B	$3.55B	$3.80B	$4.03B	$4.84B
Gross margin	—	69.9%	68.8%	68.3%	68.7%	70.6%	71.0%	72.0%	72.4%	74.3%
Operating income	$1.25B	$1.29B	$1.37B	$1.46B	$1.46B	$1.84B	$2.03B	$2.17B	$2.21B	$2.51B
Operating margin	39.8%	38.2%	36.3%	36.1%	36.0%	39.9%	40.6%	41.2%	39.6%	38.6%
Net income	$826.3M	$994.1M	$1.03B	$1.10B	$1.10B	$1.39B	$1.56B	$1.69B	$1.66B	$1.76B
Net margin	26.2%	29.4%	27.4%	27.2%	27.1%	30.2%	31.1%	32.0%	29.7%	27.0%
EPS (diluted)	$2.28	$2.75	$2.86	$3.04	$3.03	$3.84	$4.30	$4.67	$4.58	$4.89
Balance sheet
Cash and equivalents	$184.6M	$358.2M	$673.6M	$905.2M	$995.2M	$370.0M	$1.22B	$1.47B	$1.63B	$1.09B
Total assets	$6.83B	$7.92B	$8.68B	$8.55B	$9.23B	$9.64B	$10.5B	$10.4B	$16.6B	$16.2B
Total liabilities	$4.88B	$5.56B	$6.06B	$5.77B	$6.28B	$6.55B	$7.05B	$6.58B	$12.4B	$12.4B
Long-term debt	—	—	$796.4M	$796.8M	$797.3M	$797.7M	$798.2M	$798.6M	$4.55B	$4.56B
Shareholders' equity	$2.23B	$2.36B	$2.62B	$2.78B	$2.95B	$3.09B	$3.49B	$3.80B	$4.13B	$3.74B
Cash flow
Operating cash flow	$960.4M	$1.28B	$1.27B	$1.44B	$1.26B	$1.59B	$1.71B	$1.90B	$1.90B	$2.56B
Capital expenditure	$94.3M	$154.0M	$123.8M	$127.0M	$118.4M	$133.8M	$143.0M	$161.4M	$191.8M	$234.9M
Free cash flow	$866.1M	$1.12B	$1.15B	$1.31B	$1.14B	$1.46B	$1.56B	$1.74B	$1.71B	$2.32B
Dividends paid	$662.3M	$739.7M	$826.8M	$889.4M	$908.7M	$999.6M	$1.18B	$1.32B	$1.45B	$1.59B
Share buybacks	$166.2M	$143.1M	$56.9M	$171.9M	$155.7M	$145.2M	$0	$169.2M	$104.5M	$611.0M

RevenueNet incomeNet margin (right axis, %)

Paychex quarterly financial statements
	Q2 FY25Nov 2024	Q3 FY25Feb 2025	Q4 FY25^†May 2025	Q1 FY26Aug 2025	Q2 FY26Nov 2025	Q3 FY26Feb 2026	Q4 FY26^†May 2026	Q1 FY27Aug 2026
Income statement
Revenue	$1.32B	$1.51B	$1.43B	$1.54B	$1.56B	$1.81B	$1.61B	$1.63B
Growth (year over year)	+4.7%	+4.8%	+10.2%	+16.8%	+18.3%	+19.9%	+12.5%	+5.9%
Gross profit	$937.8M	$1.12B	$1.03B	$1.13B	$1.15B	$1.38B	$1.19B	$1.20B
Gross margin	71.2%	74.3%	72.4%	73.1%	73.5%	76.2%	74.0%	73.6%
Operating income	$538.1M	$691.8M	$431.1M	$541.9M	$571.9M	$792.0M	$604.7M	$619.2M
Operating margin	40.9%	45.8%	30.2%	35.2%	36.7%	43.8%	37.7%	38.0%
Net income	$413.4M	$519.3M	$297.2M	$383.8M	$395.4M	$560.3M	$420.6M	$429.7M
Net margin	31.4%	34.4%	20.8%	24.9%	25.4%	31.0%	26.2%	26.4%
EPS (diluted)	$1.14	$1.43	$0.83	$1.06	$1.10	$1.56	$1.17	$1.21
Balance sheet
Cash and equivalents	$1.20B	$1.56B	$1.63B	$809.0M	$1.49B	$1.74B	$1.09B	$600.9M
Total assets	$10.6B	$11.2B	$16.6B	$16.7B	$16.5B	$17.5B	$16.2B	$15.7B
Total liabilities	$6.63B	$7.11B	$12.4B	$12.7B	$12.6B	$13.5B	$12.4B	$12.0B
Long-term debt	$798.9M	$799.0M	$4.55B	$4.55B	$4.55B	$4.55B	$4.56B	$4.56B
Shareholders' equity	$3.93B	$4.12B	$4.13B	$3.97B	$3.88B	$4.01B	$3.74B	$3.71B
Cash flow
Operating cash flow	$295.0M	$716.0M	$343.8M	$718.4M	$444.9M	$812.5M	$580.9M	$413.5M
Capital expenditure	$47.0M	$48.7M	$60.5M	$55.9M	$62.1M	$51.0M	$65.9M	$56.1M
Free cash flow	$248.0M	$667.3M	$283.3M	$662.5M	$382.8M	$761.5M	$515.0M	$357.4M
Dividends paid	$352.8M	$353.0M	$389.3M	$389.1M	$387.9M	$388.0M	$424.6M	$424.1M
Share buybacks	$500.0K	$0	$0	$160.1M	$126.5M	$75.0M	$249.4M	$0

From Paychex's 10-K and 10-Q filings with the SEC; its fiscal year ends in May. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Paychex vs the Industrials sector and the S&P 500

Paychex's latest reported figures next to the median of the other 81 S&P 500 Industrials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Paychex compared with the median Industrials company and the median S&P 500 company
Measure	Paychex	Industrials (81 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+16.9%	+4.5%	+7.0%
Net margin, latest fiscal year	27.0%	11.2%	12.9%
Dividend per share, latest fiscal year	$4.43	$2.49	$2.40
Share price change, 1 year	−12.5%	+7.0%	+5.9%

Paychex: fiscal year ended May 2026, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Paychex included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 79/496, net margin 79/496, dividend per share 63/349, 1-year price change 79/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 63 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Paychex

Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses. Founded in 1971 and headquartered in Rochester, New York, the company has more than 100 offices serving approximately 800,000 payroll clients in the U.S. and Europe. Paychex is ranked 681st on the Fortune 500 list of largest corporations by revenue.

Source: Wikipedia — Paychex