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NASDAQ · Industrials

Paychex Inc (PAYX)

Paychex Inc brought in $6.6B of revenue over the twelve months to August 31, 2026, up 14.0% from a year earlier. Net income was $1.8B, a net margin of 27.4%. Operating cash flow minus capital spending left $2.3B of free cash flow in fiscal 2026. At August 31, 2026 it held $600.9M in cash against $4.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on September 24, 2026.

Price
$101.37
-0.22% on the day · September 25, 2026
52-week range $85.45 to $130.32
Market cap
$36.1B
Revenue (last 12 months)
$6.6B
+14.0% year on year
Net margin
27.4%
P/E
20.7
on FY2026 diluted EPS

What Paychex Inc does

Paychex provides human resources, payroll, and benefits administration services to small and medium-sized businesses. Its offerings include automated payroll processing, employee benefits management, retirement plan administration, and regulatory compliance consulting. Its shares trade on NASDAQ under the ticker PAYX.

Revenue and profit by year

Revenue
FY19: $3.8B $3.8B FY19FY20: $4B $4B FY20FY21: $4.1B $4.1B FY21FY22: $4.6B $4.6B FY22FY23: $5B $5B FY23FY24: $5.3B $5.3B FY24FY25: $5.6B $5.6B FY25FY26: $6.5B $6.5B FY26
Net income
FY19: $1B $1B FY19FY20: $1.1B $1.1B FY20FY21: $1.1B $1.1B FY21FY22: $1.4B $1.4B FY22FY23: $1.6B $1.6B FY23FY24: $1.7B $1.7B FY24FY25: $1.7B $1.7B FY25FY26: $1.8B $1.8B FY26

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2026$6.5B$2.5B$1.8B$4.89$2.3B
2025$5.6B$2.2B$1.7B$4.58$1.7B
2024$5.3B$2.2B$1.7B$4.67$1.7B
2023$5B$2B$1.6B$4.30$1.6B
2022$4.6B$1.8B$1.4B$3.84$1.5B
2021$4.1B$1.5B$1.1B$3.03$1.1B
Next report expected around December 18, 2026.

Estimated from its filing rhythm: 52 weeks after its report of December 19, 2025. Not a date the company has announced. See the report calendar

Where PAYX ranks in Industrials

Revenue$6.5B
#102 of 451 in Industrials · Top 22%
Revenue growth+16.9%
#88 of 441 in Industrials · Top 20%
Net margin27.0%
#12 of 441 in Industrials · Top 2%
Free cash flow margin35.7%
#2 of 417 in Industrials · Top 1%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Industrials

Dividends

Paychex Inc declared $4.43 per share in fiscal 2026. At the current price that is a yield of 4.37%. It paid out $1.6B in cash dividends, 90% of its net income.

Fiscal yearPer sharePaid outOf profit
2026$4.43$1.6B90%
2025$4.02$1.4B87%
2024$3.65$1.3B78%
2023$3.26$1.2B75%
2022$2.77$999.6M72%
2021$2.52$908.7M83%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Paychex Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 24, 2026
    Quarterly report 10-Q · period to August 31, 2026
  2. September 23, 2026
  3. September 4, 2026
  4. September 4, 2026
  5. September 4, 2026
  6. July 21, 2026
  7. July 17, 2026
    Annual report 10-K · period to May 31, 2026
  8. June 24, 2026
  9. June 12, 2026
  10. April 30, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 2, 2026. Insider transactions on SEC

What is PAYX worth? A DCF from its reported cash flow

Insider trades

What the people running Paychex Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
September 1, 2026 Golisano B Thomas10% owner Gave as a giftindirect 334 $127.04 $42.4K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

All filings on SEC EDGAR

Questions about PAYX

What does Paychex Inc do?

Paychex provides human resources, payroll, and benefits administration services to small and medium-sized businesses. Its offerings include automated payroll processing, employee benefits management, retirement plan administration, and regulatory compliance consulting. Its shares trade on NASDAQ under the ticker PAYX.

Is Paychex Inc profitable?

Yes. Over the twelve months to August 31, 2026 it reported net income of $1.8B on revenue of $6.6B, a net margin of 27.4%.

How much revenue does Paychex Inc make?

Over the twelve months to August 31, 2026 Paychex Inc reported revenue of $6.6B. That is 14.0% more than a year earlier.

When did Paychex Inc last report?

Its most recent periodic report is the quarterly report (10-Q) filed on September 24, 2026. It covers the period to August 31, 2026.

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Where the numbers come from

Financial figures are the values Paychex Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.