Paychex, Inc. (PAYX) Stock: Price, Forecast & Analyst Target
Paychex, Inc. (PAYX) — MoonshotScore 89/100 (Exceptional band), calculated Oct 4, 2026. Price $98.94 (-1.88%), as of the Oct 2, 2026 trading session; market cap $35.2B. Expected results Dec 18, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 37.68× (market value Oct 2, 2026; cash Aug 31, 2026) · expected results Dec 18, 2026
Paychex, Inc. · PAYX · NASDAQ · Industrials · Staffing & Employment Services
Research dated 2026-09-12: Paychex sells payroll processing, human resources administration, benefits, retirement, insurance and outsourced employer services, mainly to small and medium-sized businesses. It is not principally a staffing agency: its revenue comes from administering recurring workforce obligations and related services rather than placing workers. The key test is whether client and worksite retention can sustain growth without weakening the strong profitability that distinguishes the model.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · Paychex (PAYX)
ExceptionalWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
Elite quality and durable growth, though the balance sheet is only decent. Business Quality: Elite; Financial Safety: Okay; Valuation: Full; Growth Durability: Compounding; Momentum: Quiet.
- quarterly revenue $1.61B (Q4 FY2026, quarter ended May 2026)
- EPS beat 4 of 8
- Altman Z 3.04 · Piotroski F 7
Helping: business quality, durable growth
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 93 | Exceptional | |
| 90 | Exceptional | |
| 90 | Exceptional | |
| 90 | Exceptional | |
| 90 | Exceptional | |
| 90 | Exceptional |
The score was 89 in the stored Oct 3, 2026 snapshot and remains 89 in the current publication computed Oct 4, 2026 (0).
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $98.94 | |
| Change on the day | -1.88% | |
| 52-week range | $85.45 – $129.24 | |
| Market capitalisation | $35.2B | |
| Price / earnings (trailing) | 19.59 | |
| Shares traded on the day | 2.31M | |
| Beta (volatility vs the S&P 500) | 0.81 | |
| Dividends per share (last 12 months) | $4.54 | |
| Dividend yield (last 12 months) | 4.59% |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings call · management outlook
- · Earnings results · above the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
For fiscal '27, we now expect PEO and Insurance Solutions revenue growth to be in the range of 7% to 8%.
Robert Schrader · Statement from
Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Paychex (PAYX): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
6 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 29, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 10, 2026, the Munger lens read the price at that time as overvalued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the PAYX film — every key number, told as a short cinematic story
~2 min · open the film
What is Paychex (PAYX), and what does it report?
Short answer · as of
Employers use Paychex to calculate payroll, remit taxes, pay employees, track time, administer benefits and retirement plans, manage compliance and outsource broader human resources responsibilities.
Research dated 2026-09-12.
Employers use Paychex to calculate payroll, remit taxes, pay employees, track time, administer benefits and retirement plans, manage compliance and outsource broader human resources responsibilities. Demand therefore reflects the employers served, the workers and worksites administered, the services adopted and the company’s ability to retain those relationships.
Management Solutions supplies the larger reported revenue stream, while PEO and Insurance Solutions adds outsourced employment administration and insurance exposure. Revenue captures the breadth of services delivered; gross profit and operating profit show how much of that service volume becomes economic value after delivery and overhead costs.
What do the latest results show for Paychex (PAYX)?
Short answer · as of
The most recent reported quarter, Q4 FY2026, carried revenue of $1.61B.
Research dated 2026-09-12.
The latest annual period produced a marked acceleration in revenue growth, while net income advanced after the prior period’s pullback. In the latest quarter, revenue, gross profit, operating profit and net income all exceeded the comparable period, with operating profit and net income expanding faster than revenue. Operating cash generation improved as well, and the latest release edged above consensus for revenue and earnings.
Management attributed record worksite employee retention across its administrative-services and PEO offerings to investment in technology and its go-to-market approach. That is management’s explanation; the reported results confirm stronger growth and profitability, while subsequent retention and segment performance will show whether the improvement persists.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $1.63B Aug 31, 2026
- Latest quarter · SG&A
- $581.20M Aug 31, 2026
- Latest quarter · FMP standardized operating result
- $619.20M Aug 31, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Aug 31, 2026 | $1.63B | Not available | $581.20M | $619.20M |
| May 31, 2026 | $1.61B | Not available | $583.50M | $604.70M |
| Feb 28, 2026 | $1.81B | Not available | $585.70M | $792.00M |
| Nov 30, 2025 | $1.56B | Not available | $573.50M | $571.90M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $1.63B Sep 23, 2026
- Latest report · revenue estimate
- $1.63B Sep 23, 2026
- Latest report · revenue vs estimate
- In line Sep 23, 2026
- Latest report · EPS vs estimate
- Above estimate Sep 23, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Sep 23, 2026 | $1.63B | $1.63B | $1.3400 | $1.3200 |
| Jun 24, 2026 | $1.61B | $1.60B | $1.3200 | $1.3100 |
| Mar 25, 2026 | $1.81B | $1.78B | $1.7100 | $1.6700 |
| Dec 19, 2025 | $1.56B | $1.55B | $1.2600 | $1.2300 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q4 FY2026 | $1.61B | $421M | $1.17 (diluted) |
| Q3 FY2026 | $1.81B | $560M | $1.55 (diluted) |
| Q2 FY2026 | $1.56B | $395M | $1.10 (diluted) |
| Aug 2025 | $1.54B | $384M | $1.06 (diluted) |
What are the financial strengths and risks for Paychex (PAYX)?
Short answer
Cash and short-term investments were $934.20M at the Aug 31, 2026 balance-sheet date. Operating cash flow was $413.50M for the quarter ended Aug 31, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-12.
Paychex combines high gross and operating margins with substantial operating cash generation and relatively modest capital spending. That creates a capital-light financial profile in which accounting profit has been accompanied by cash inflow rather than depending on heavy reinvestment.
The balance sheet is less conservative than the cash generation might suggest. Debt materially exceeds cash and short-term investments, and the cash balance declined across the reported window, including a sharp drop from the preceding quarter. Short-term liquidity ratios remain above parity, but the cushion must be judged alongside leverage rather than in isolation.
The operating vulnerability sits with the employer base: weaker retention, fewer worksite employees or reduced adoption of payroll, PEO, insurance and ancillary services would pressure the recurring administration engine. The quality and distress screens are respectable rather than uniformly exceptional, reinforcing the need to watch leverage and cash conversion together.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $413.50M Aug 31, 2026
- Previous quarter · operating cash flow
- $580.90M May 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Aug 31, 2026 | $413.50M | −$56.10M |
| May 31, 2026 | $580.90M | −$65.90M |
| Feb 28, 2026 | $812.50M | −$51.00M |
| Nov 30, 2025 | $444.90M | −$62.10M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Paychex (PAYX)?
Short answer · as of
The next earnings report is expected on Dec 18, 2026.
Research dated 2026-09-12.
The scheduled earnings release should be read through segment growth, operating margin and cash conversion. Management Solutions needs to remain the core growth engine, while PEO and Insurance Solutions should provide evidence that the reported worksite retention is translating into durable revenue rather than merely stabilizing customer counts.
Cash and short-term investments deserve particular attention after their recent decline. Continued operating cash strength with contained capital spending would support the model’s financial resilience; further cash contraction alongside debt remaining well above liquid holdings would make leverage more consequential.
Consensus forecasts extend revenue and earnings growth across the visible horizon, while recent analyst stances remain divided. Results that preserve margins and cash generation would support those expectations; slowing revenue with weaker retention or cash conversion would challenge them.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
For fiscal '27, we now expect PEO and Insurance Solutions revenue growth to be in the range of 7% to 8%.
Robert Schrader ·
How does Paychex compare with its peers?
Short answer
Paychex's score ranks 4th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-12.
Paychex differs from a conventional staffing business because it usually administers the employer’s workforce rather than recruiting that workforce for placement. Its direct sales organization sells a connected suite spanning payroll, tax administration, human resources software, benefits, retirement, insurance and outsourced employment functions.
Compared with a payroll-only provider, Paychex has more ways to deepen an employer relationship and a larger service component through PEO and insurance. That breadth supports recurring administration revenue and strong margins, but it also makes worksite retention and employer activity more important than software subscriptions alone would imply.
| Company | Price | Market value | Score |
|---|---|---|---|
| $14.83 Oct 2, 2026 | $6.79B | 97 5-pillar Oct 4, 2026 | |
| $1280.30 Oct 2, 2026 | $60.5B | 92 5-pillar Oct 4, 2026 | |
| $8.05 Oct 2, 2026 | $994M | 91 5-pillar Oct 4, 2026 | |
| Paychex (PAYX) — this page | $98.94 | $35.2B | 89 |
| $63.24 Oct 2, 2026 | $2.90B | 84 5-pillar Oct 4, 2026 | |
| $251.93 Oct 2, 2026 | $57.7B | 80 5-pillar Oct 4, 2026 | |
| $454.35 Oct 2, 2026 | $50.6B | 79 5-pillar Oct 4, 2026 | |
| $71.92 Oct 2, 2026 | $3.66B | 79 5-pillar Oct 4, 2026 | |
| $52.86 Oct 2, 2026 | $947M | 74 5-pillar Oct 4, 2026 | |
| $30.51 Oct 2, 2026 | $749M | 69 5-pillar Oct 4, 2026 | |
| $257.68 Oct 2, 2026 | $103B | 66 5-pillar Oct 4, 2026 | |
| $54.16 Oct 2, 2026 | $2.52B | 66 5-pillar Oct 4, 2026 | |
| $36.12 Oct 2, 2026 | $3.69B | 65 5-pillar Oct 4, 2026 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $107.00 – $115.00
- Consensus target
- $111.00
- Median target
- $111.00
Consensus record · Captured .
Measured against a quoted price of $98.94 (as of Oct 2, 2026).
Insider activity
Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Oct 1, 2026
- Transactions
- 50
- Identified insiders
- 14
- Purchases
- 0
- Sales
- 5
- Other transactions
- 45
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 85.8% Period end Jun 30, 2026
- Previous quarter · ownership
- 80.8% Prior to period end Jun 30, 2026
- Reporting holders
- 1,576 Period end Jun 30, 2026
- Previous quarter · holders
- 1,559 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Capital International Investors | 28,840,445 |
| Blackrock, INC. | 27,753,178 |
| Vanguard Capital Management LLC | 21,040,690 |
| Vanguard Portfolio Management LLC | 15,277,715 |
| State Street Corp | 14,411,341 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Paychex (PAYX)?
PAYX Industrials Stock FAQ
Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.
Is Paychex actually a staffing company?
Paychex primarily administers payroll, human resources, benefits, retirement, insurance and outsourced employer functions. Its industry classification groups it with employment services, but worker placement is not the defining revenue mechanism described by the business.
Does Paychex depend on PEO and insurance for most of its revenue?
Management Solutions remains the larger reported revenue stream. PEO and Insurance Solutions broadens the relationship into outsourced employment administration and coverage, but it is not the dominant segment by reported revenue.
Why does worksite employee retention matter to Paychex?
Retained worksite relationships preserve the population served through outsourced human resources and PEO offerings. Management highlighted record retention in those businesses and linked it to technology and go-to-market investment, making subsequent segment growth the practical confirmation point.
Is Paychex converting its profitability into cash?
Operating cash flow has remained positive and recently strengthened, while capital spending has stayed modest relative to that inflow. The separate decline in cash and short-term investments means cash generation should still be assessed alongside leverage and other uses of liquidity.
What is the PAYX stock price today?
The last price recorded on this page for Paychex, Inc. (PAYX) is $98.94, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the PAYX price target?
The analyst consensus price target for Paychex, Inc. (PAYX) is $111.00 (range $107.00 to $115.00, median $111.00), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Does PAYX pay a dividend?
Yes. Paychex, Inc. (PAYX) shows a trailing 12-month dividend yield of 4.59%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (81 figures)
The 81 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Robert Schrader (Sep 23, 2026): For fiscal '27, we now expect PEO and Insurance Solutions revenue growth to be in the range of 7% to 8%. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | Rochester, NY | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "911 Panorama Trail South, Rochester, NY, 14625-2396, US". |
FMP — 69 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Dec 18, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $98.94 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T20:54:57.942Z. | |
px.change | Change on the day | -1.88% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $35.2B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:00.000Z. Captured from FMP at 2026-10-04T20:54:56.593Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | −$1.90 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q4 FY2026 | $1.61B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.pe | Price / earnings (trailing) | 19.59 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 2.31M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 0.81 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | John Gibson Jr. | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 17,600 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2022 through FY2026: FY2022 revenue $4.61B, net result $1.39B; FY2023 revenue $5.01B, net result $1.56B; FY2024 revenue $5.28B, net result $1.69B; FY2025 revenue $5.57B, net result $1.66B; FY2026 revenue $6.51B, net result $1.76B | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Management Solutions $4.87B · Peo And Insurance Solutions $1.43B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 74.4% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-08-31.revenue_k | Revenue — period end 2026-08-31 | $1.63B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-08-31.sga_k | SG&A — period end 2026-08-31 | $581.20M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-08-31.operating_result_k | FMP standardized operating result — period end 2026-08-31 | $619.20M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-05-31.revenue_k | Revenue — period end 2026-05-31 | $1.61B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-05-31.sga_k | SG&A — period end 2026-05-31 | $583.50M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-05-31.operating_result_k | FMP standardized operating result — period end 2026-05-31 | $604.70M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-02-28.revenue_k | Revenue — period end 2026-02-28 | $1.81B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-02-28.sga_k | SG&A — period end 2026-02-28 | $585.70M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-02-28.operating_result_k | FMP standardized operating result — period end 2026-02-28 | $792.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-11-30.revenue_k | Revenue — period end 2025-11-30 | $1.56B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-11-30.sga_k | SG&A — period end 2025-11-30 | $573.50M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-11-30.operating_result_k | FMP standardized operating result — period end 2025-11-30 | $571.90M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-09-23.revenue_actual | Revenue · reported — report date 2026-09-23 | $1.63B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-23.revenue_estimated | Revenue · estimate — report date 2026-09-23 | $1.63B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-23.eps_actual | EPS · reported — report date 2026-09-23 | $1.3400 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-23.eps_estimated | EPS · estimate — report date 2026-09-23 | $1.3200 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-24.revenue_actual | Revenue · reported — report date 2026-06-24 | $1.61B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-24.revenue_estimated | Revenue · estimate — report date 2026-06-24 | $1.60B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-24.eps_actual | EPS · reported — report date 2026-06-24 | $1.3200 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-24.eps_estimated | EPS · estimate — report date 2026-06-24 | $1.3100 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-25.revenue_actual | Revenue · reported — report date 2026-03-25 | $1.81B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-25.revenue_estimated | Revenue · estimate — report date 2026-03-25 | $1.78B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-25.eps_actual | EPS · reported — report date 2026-03-25 | $1.7100 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-25.eps_estimated | EPS · estimate — report date 2026-03-25 | $1.6700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-19.revenue_actual | Revenue · reported — report date 2025-12-19 | $1.56B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-19.revenue_estimated | Revenue · estimate — report date 2025-12-19 | $1.55B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-19.eps_actual | EPS · reported — report date 2025-12-19 | $1.2600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-19.eps_estimated | EPS · estimate — report date 2025-12-19 | $1.2300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q4 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $934.20M | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $413.50M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-08-31. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $0.00 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $4.62B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 9.50× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-08-31.operating_cash_flow_m | Operating cash flow — period end 2026-08-31 | $413.50M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-05-31.operating_cash_flow_m | Operating cash flow — period end 2026-05-31 | $580.90M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-08-31.capex_m | Capital expenditure (reported) — period end 2026-08-31 | −$56.10M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-05-31.capex_m | Capital expenditure (reported) — period end 2026-05-31 | −$65.90M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-02-28.operating_cash_flow_m | Operating cash flow — period end 2026-02-28 | $812.50M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-02-28.capex_m | Capital expenditure (reported) — period end 2026-02-28 | −$51.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-11-30.operating_cash_flow_m | Operating cash flow — period end 2025-11-30 | $444.90M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-11-30.capex_m | Capital expenditure (reported) — period end 2025-11-30 | −$62.10M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $107.00 – $115.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $111.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $111.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 50 transactions · 0 purchases, 5 sales, 45 other transactions · 14 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Oct 1, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.ownership_pct | Institutional ownership | 85.8% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 80.8% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 1,576 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 1,559 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Capital International Investors — shares in provider snapshot | 28,840,445 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Blackrock, INC. — shares in provider snapshot | 27,753,178 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Vanguard Capital Management LLC — shares in provider snapshot | 21,040,690 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Vanguard Portfolio Management LLC — shares in provider snapshot | 15,277,715 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | State Street Corp — shares in provider snapshot | 14,411,341 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 3 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 4 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-10-04 | |
fin.scores | Distress and quality screens | Altman Z 3.04 · Piotroski F 7 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-04 | |
px.range52 | 52-week range | $85.45 – $129.24 | UNRECORDED | Stored company-profile observation — Captured 2026-10-04 |
COMPUTED — 5 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 37.68× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $934.20M at Aug 31, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-08-31. The inputs do not establish a single common source date for this ratio. |
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $4.54 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-04, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 4.59% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. | |
earn.history.depth.2026-09-23.revenue_actual.comparison | Latest report · revenue vs estimate | In line | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($1.63B) with the recorded estimate ($1.63B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-09-23.eps_actual.comparison | Latest report · EPS vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($1.3400) with the recorded estimate ($1.3200) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 89 of 100 · Exceptional · pillars 97 / 59 / 50 / 83 / 54 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 89 (stored snapshot Oct 3, 2026) → 89 (current publication computed Oct 4, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots |
Fact-family notes
- Quarterly statement note. Source series as of 2026-08-31. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-08-31.revenue_k,fin.q_table.depth.2026-08-31.sga_k,fin.q_table.depth.2026-08-31.operating_result_k,fin.q_table.depth.2026-05-31.revenue_k,fin.q_table.depth.2026-05-31.sga_k,fin.q_table.depth.2026-05-31.operating_result_k,fin.q_table.depth.2026-02-28.revenue_k,fin.q_table.depth.2026-02-28.sga_k,fin.q_table.depth.2026-02-28.operating_result_k,fin.q_table.depth.2025-11-30.revenue_k,fin.q_table.depth.2025-11-30.sga_k,fin.q_table.depth.2025-11-30.operating_result_k. - Earnings-history note. Source series as of 2026-09-23. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-09-23.revenue_actual,earn.history.depth.2026-09-23.revenue_estimated,earn.history.depth.2026-09-23.revenue_actual.comparison,earn.history.depth.2026-09-23.eps_actual.comparison,earn.history.depth.2026-09-23.eps_actual,earn.history.depth.2026-09-23.eps_estimated,earn.history.depth.2026-06-24.revenue_actual,earn.history.depth.2026-06-24.revenue_estimated,earn.history.depth.2026-06-24.eps_actual,earn.history.depth.2026-06-24.eps_estimated,earn.history.depth.2026-03-25.revenue_actual,earn.history.depth.2026-03-25.revenue_estimated,earn.history.depth.2026-03-25.eps_actual,earn.history.depth.2026-03-25.eps_estimated,earn.history.depth.2025-12-19.revenue_actual,earn.history.depth.2025-12-19.revenue_estimated,earn.history.depth.2025-12-19.eps_actual,earn.history.depth.2025-12-19.eps_estimated. - Cash-flow note. Source series as of 2026-08-31. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-08-31.operating_cash_flow_m,fin.opcf.depth.2026-05-31.operating_cash_flow_m,fin.opcf.depth.2026-08-31.capex_m,fin.opcf.depth.2026-05-31.capex_m,fin.opcf.depth.2026-02-28.operating_cash_flow_m,fin.opcf.depth.2026-02-28.capex_m,fin.opcf.depth.2025-11-30.operating_cash_flow_m,fin.opcf.depth.2025-11-30.capex_m.
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Sources used for research written 2026-09-12
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Sector / industry (provider taxonomy) | Industrials / Staffing & Employment Services The company's SEC filings classify it under SIC 8700 — Services-Engineering, Accounting, Research, Management. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Business description | Founded in 1971 and headquartered in Rochester, New York, Paychex, Inc. delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance. Its diverse service portfolio includes: Payroll Management: Encompassing core payroll processing, payroll tax administration, employee payment facilitation, and ensuring compliance with regulations like new-hire reporting and garnishment processing. Human Resources Solutions: Providing support for employer compliance, HR and employee benefits administration, risk management outsourcing, and even the availability of professionally trained on-site HR representatives. Retirement Services: Offering full administration for retirement plans, which covers implementation, ongoing adherence to government regulations, reporting for both participants and employers, online access capabilities, electronic funds transfers, and other administrative tasks. Cloud-based HR Software: A suite of software products designed for efficient HR administration, including tools for benefits management, time and attendance tracking, digital communication, recruitment, and onboarding processes. Additional Business Services: This category features plan administration outsourcing, state unemployment insurance services, and various support functions for SMBs such as payroll funding and outsourcing (including payroll processing, invoicing, and tax preparation), payment processing solutions, financial wellness programs, and a resource center for small business loans. Insurance Offerings: Providing both property and casualty coverage, which includes workers' compensation, business-owner policies, cybersecurity protection, and commercial auto insurance, alongside health and benefits coverage like medical, dental, vision, and life insurance. Paychex primarily distributes its services through its dedicated direct sales team. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | Management Solutions: $4.87B; Peo And Insurance Solutions: $1.43B | 2026-05-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2026-05-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Trailing twelve-month ratio set | Quick ratio: 1.26; Current ratio: 1.26; Debt to equity: 1.24; Net margin: 27%; Gross margin: 74.3%; Operating margin: 38.6%; Return on assets: 10.9%; Return on equity: 45.1% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Management outlook — dated call excerpts | Captured record · 1 entry
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-06-24 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-05-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-05-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-06-24 | FMP | Financial Modeling Prep (FMP) earnings |
| Cash, investments and debt | Total debt: $4.63B; Liquidity basis: cash and short-term investments; Total liabilities: $12.44B; Cash and short-term investments: $1.18B; Cash and investments: $1.18B; Long-term investments: $0; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-05-31 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-05-31 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Cash decline over the reported window | To: 2026-05-31; From: 2024-08-31; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $1.18B; Decline: $320.70M; Opening balance: $1.50B; Average change per period: $45.80M Change in cash, cash equivalents and short-term investments between the 2024-08-31 and 2026-05-31 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length. | 2026-05-31 | COMPUTED | Computed from reported balances |
| Cash against market value | As of: 2026-05-31; Cash basis: cash and short-term investments; Net cash: -$3.45B; Total debt: $4.63B; Cash and investments: $1.18B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-05-31 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Distress and quality screens | Altman Z-score: 3.2; Piotroski F-score: 6 Altman Z below 1.8 is the conventional distress zone. For a company holding large cash against negative retained earnings the score mostly reflects the retained-earnings term. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) financial scores |
| Next earnings report | Date: 2026-09-23; EPS estimate: $1.32 per share; Revenue estimate: $1.63B The date is our provider's estimate until the company confirms it. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-12 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| Analyst actions, most recent per firm | Captured record · 10 entries
One row per firm — the firm's most recent action in our feed. Other data vendors may carry firms ours does not. | 2026-09-11 | FMP | Financial Modeling Prep (FMP) analyst grades |
Data provided for informational purposes only.