| Indicators | Browse All

Paychex, Inc. (PAYX)

Technology | Software - Application | Rochester, United States | NasdaqGS
127.04 USD +0.56 (0.443%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 127.04
Short-term:★★★⯪☆Long-term:★★★⯪☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 2:48 a.m. EDT

Paychex presents a compelling growth story with 43% earnings expansion and a nearly decade-long streak of dividend increases, yet the financial structure warrants caution. The payout ratio sits at 90%, leaving minimal cushion for earnings volatility, while the debt-to-equity ratio exceeds 120%, creating a fragile balance sheet for a technology firm. Although the stock trades above key moving averages and options flow hints at speculative upside, the analyst consensus targets the price lower, reflecting skepticism about the valuation relative to the high leverage. For investors seeking income, the yield is attractive but the sustainability is tied tightly to continued earnings acceleration. The long-term trajectory remains positive with no structural decline, but the high cost of capital and analyst skepticism prevent a full conviction buy at current levels.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.146857
MSTL0.173801
AutoARIMA0.174697
AutoETS0.175020

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 53%
H-stat 4.33
Ljung-Box p 0.000
Jarque-Bera p 0.136
Excess Kurtosis -0.30
Attribute Value
Sector Technology
Ex Dividend Date 2026-07-27
Last Dividend Date 2026-07-27
Debt to Equity Ratio 123.967
Revenue per Share 10.88
Market Cap 45,185,949,696
Trailing P/E 25.82
Forward P/E 19.89
Profit Margins 26.63%
Website https://www.paychex.com

As of Aug. 22, 2026, 2:48 a.m. EDT: Speculators are positioning for upside continuation with notable volume spikes on out-of-the-money calls (145 strike in December 2026, 140 strike in January and March 2027/2028), suggesting a bullish bet on further appreciation. Conversely, put buyers are establishing defensive hedges with significant open interest on in-the-money strikes (75, 80, 95), indicating a floor is expected but downside protection is less aggressive than the call speculation.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.00% 4.34% 3.42% 3.10%
Dividend History
Date Dividend Yield %
2026-07-28 1.190000 1.001094
2026-05-13 1.190000 1.323399
2026-01-28 1.080000 1.054173
2025-11-07 1.080000 0.964630
2025-07-21 1.080000 0.757045
2025-05-12 1.080000 0.711978
2025-02-07 0.980000 0.667848
2024-11-07 0.980000 0.668668
2024-08-08 0.980000 0.787971
2024-05-09 0.980000 0.807914
2024-02-12 0.890000 0.728911
2023-11-13 0.890000 0.777428
2023-08-09 0.890000 0.717568
2023-05-10 0.890000 0.819370
2023-02-08 0.790000 0.687375
2022-11-08 0.790000 0.674925
2022-08-10 0.790000 0.594700
2022-05-11 0.790000 0.668246
2022-01-28 0.660000 0.572271
2021-10-29 0.660000 0.535367
2021-07-30 0.660000 0.579863
2021-05-11 0.660000 0.666465
2021-01-29 0.620000 0.710032
2020-10-30 0.620000 0.753799
2020-07-31 0.620000 0.862069
2020-05-14 0.620000 0.982100
2020-01-31 0.620000 0.722864
2019-10-31 0.620000 0.741272
2019-07-31 0.620000 0.746538
2019-05-14 0.620000 0.736429
2019-01-31 0.560000 0.790960
2018-10-31 0.560000 0.855092
2018-07-31 0.560000 0.811359
2018-05-08 0.560000 0.909239
2018-01-31 0.500000 0.732601
2017-10-31 0.500000 0.783822
2017-07-28 0.500000 0.865651
2017-05-08 0.460000 0.792284
2017-01-30 0.460000 0.756455
2016-10-28 0.460000 0.835604
2016-07-28 0.460000 0.777027
2016-05-05 0.420000 0.820473
2016-01-28 0.420000 0.904588
2015-10-29 0.420000 0.811437
2015-07-30 0.420000 0.908501
2015-05-07 0.380000 0.778689
2015-01-29 0.380000 0.819319
2014-10-30 0.380000 0.823402
2014-07-30 0.380000 0.916104
2014-05-08 0.350000 0.858474
2014-01-30 0.350000 0.827815
2013-10-30 0.350000 0.827423
2013-07-30 0.350000 0.900206
2012-12-18 0.660000 1.990350
2012-10-31 0.330000 1.017890
2012-07-30 0.320000 0.973236
2012-05-04 0.320000 1.069519
2012-01-30 0.320000 1.013621
2011-10-28 0.320000 1.089918
2011-07-28 0.310000 1.094246
2011-04-28 0.310000 0.939679
2011-01-28 0.310000 0.978227
2010-10-28 0.310000 1.119134
2010-07-29 0.310000 1.186830
2010-04-29 0.310000 1.003561
2010-01-28 0.310000 1.073779
2009-10-29 0.310000 1.081270
2009-07-30 0.310000 1.176024
2009-04-29 0.310000 1.129738
2009-01-28 0.310000 1.226266
2008-10-29 0.310000 1.171580
2008-07-30 0.310000 0.944546
2008-04-29 0.300000 0.832178
2008-01-30 0.300000 0.910194
2007-10-30 0.300000 0.734574
2007-07-30 0.300000 0.715478
2007-04-27 0.210000 0.559403
2007-01-30 0.210000 0.528967
2006-10-30 0.210000 0.527506
2006-07-28 0.160000 0.464306
2006-04-27 0.160000 0.391102
2006-01-30 0.160000 0.432316
2005-10-28 0.160000 0.416125
2005-07-28 0.130000 0.370582
2005-04-28 0.130000 0.427350
2005-01-28 0.130000 0.431464
2004-10-28 0.130000 0.393939
2004-07-29 0.120000 0.400267
2004-04-29 0.120000 0.325556
2004-01-29 0.120000 0.321543
2003-10-30 0.120000 0.314465
2003-07-30 0.110000 0.353130
2003-04-29 0.110000 0.355757
2003-01-30 0.110000 0.444265
2002-10-30 0.110000 0.390348
2002-07-30 0.110000 0.422914
2002-04-29 0.110000 0.303951
2002-01-30 0.110000 0.306492
2001-10-30 0.110000 0.339297
2001-07-30 0.090000 0.233281
2001-04-27 0.090000 0.264395
2001-01-30 0.090000 0.198895
2000-10-30 0.090000 0.154506
2000-07-28 0.060000 0.138728
2000-04-27 0.060000 0.169412
2000-01-28 0.060000 0.214286
1999-10-28 0.060000 0.225000
1999-07-29 0.040000 0.217195
1999-04-29 0.040000 0.171838
1999-01-28 0.040000 0.188976
1998-10-29 0.040000 0.179551
1998-07-30 0.026667 0.136172
1998-04-29 0.026667 0.164762
1998-01-29 0.026667 0.186531
1997-10-23 0.026667 0.231887
1997-07-29 0.017778 0.150945
1997-04-29 0.017778 0.203969
1997-01-28 0.017778 0.190984
1996-10-24 0.017778 0.155509
1996-07-30 0.011852 0.129731
1996-04-23 0.011852 0.138198
1996-01-30 0.011852 0.172664
1995-10-25 0.011852 0.199448
1995-07-31 0.007901 0.161069
1995-04-21 0.007901 0.195646
1995-01-26 0.007901 0.227841
1994-10-24 0.007901 0.239993
1994-07-27 0.005267 0.181801
1994-04-25 0.005267 0.172646
1994-01-26 0.005267 0.152852
1993-10-22 0.005267 0.177761
1993-07-20 0.003512 0.146803
1993-04-23 0.003512 0.150015
1993-01-22 0.003512 0.167848
1992-10-19 0.003512 0.175200
1992-07-21 0.002341 0.166659
1992-04-16 0.002341 0.156856
1992-01-29 0.002341 0.161066
1991-10-21 0.002341 0.203381
1991-07-22 0.001951 0.229894
1991-04-22 0.001951 0.229894
1991-01-25 0.001951 0.266677
1990-10-22 0.001951 0.353997
1990-07-23 0.001561 0.262339
1990-04-23 0.001561 0.237077
1990-01-30 0.001561 0.213369
1989-10-23 0.001561 0.172072
1989-07-24 0.001171 0.123759
1989-04-24 0.001171 0.144633
1989-01-24 0.001171 0.151957
1988-11-04 0.001171 0.166730
Additional Data
dividendRate 4.76
dividendYield 3.76
exDividendDate 2026-07-28
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 1.19
lastDividendDate 2026-07-28
dividendDate 2026-08-28

Info Dump

Attribute Value
52 Week Change -0.06972641
Address1 911 Panorama Trail South
All Time High 161.24
All Time Low 0.134397
Ask 134.08
Ask Size 1
Audit Risk 1
Average Analyst Rating 3.2 - Hold
Average Daily Volume10 Day 2,120,950
Average Daily Volume3 Month 3,149,125
Average Volume 3,149,125
Average Volume10Days 2,120,950
Bid 119.51
Bid Size 1
Board Risk 6
Book Value 10.504
City Rochester
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 127.04
Current Ratio 1.152
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 127.91
Day Low 126.2
Debt To Equity 123.967
Display Name Paychex
Dividend Date 1,787,875,200
Dividend Rate 4.76
Dividend Yield 3.76
Earnings Call Timestamp End 1,782,307,800
Earnings Call Timestamp Start 1,782,307,800
Earnings Growth 0.434
Earnings Quarterly Growth 0.415
Earnings Timestamp 1,782,304,200
Earnings Timestamp End 1,790,685,000
Earnings Timestamp Start 1,790,685,000
Ebitda 1,608,000,000
Ebitda Margins 0.40523997
Enterprise To Ebitda 30.269
Enterprise To Revenue 12.266
Enterprise Value 48,672,550,912
Eps Current Year 5.97898
Eps Forward 6.38578
Eps Trailing Twelve Months 4.92
Esg Populated 0
Ex Dividend Date 1,785,196,800
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 113.0126
Fifty Day Average Change 14.027397
Fifty Day Average Change Percent 0.12412241
Fifty Two Week Change Percent -6.972641
Fifty Two Week High 139.06
Fifty Two Week High Change -12.019997
Fifty Two Week High Change Percent -0.086437486
Fifty Two Week Low 85.45
Fifty Two Week Low Change 41.590004
Fifty Two Week Low Change Percent 0.48671743
Fifty Two Week Range 85.45 - 139.06
Financial Currency USD
First Trade Date Milliseconds 430,752,600,000
Five Year Avg Dividend Yield 2.83
Forward Eps 6.38578
Forward P E 19.894203
Full Exchange Name NasdaqGS
Full Time Employees 17,600
Fullday Change 0.559998
Fullday Change Percent 0.442756
Fullday Price 127.04
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.67197996
Gross Profits 2,666,400,000
Has Pre Post Market Data 1
Held Percent Insiders 0.103590004
Held Percent Institutions 0.85693
Implied Shares Outstanding 355,682,860
Industry Software - Application
Industry Disp Software - Application
Industry Key software-application
Ir Website http://investor.paychex.com/
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,785,196,800
Last Dividend Value 1.19
Last Fiscal Year End 1,567,209,600
Last Split Date 959,040,000
Last Split Factor 3:2
Long Business Summary Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for human resources, payroll processing, employee benefits, and insurance services for small to medium-sized businesses in the United States, Europe, Canada, India, and Israel. It offers technology and advisory solutions; and payroll tax administration services. The company also provides retirement solutions, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services; HCM solutions from recruiting and hiring to retirement; and talent management and talent acquisition services. In addition, it offers payroll solutions, including calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients' payroll obligations. Further, the company provides workforce management solutions; benefits administration solutions; digital marketplace for earned wages, financial wellness solutions, and voluntary lifestyle benefits; administrative services organization HR outsourcing solutions; solutions to payroll and non-payroll customers; retirement and funding solutions; and insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. Additionally, it offers payroll, HR, employee benefits administration, retirement, insurance, risk management outsourcing, and access to professionally trained HR representatives, virtually and on-site. It markets and sells its solutions primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.
Long Name Paychex, Inc.
Market us_market
Market Cap 45,185,949,696
Market State CLOSED
Max Age 86,400
Message Board Id finmb_295368
Most Recent Quarter 1,780,185,600
Next Fiscal Year End 1,598,832,000
Non Diluted Market Cap 44,986,768,132
Number Of Analyst Opinions 14
Open 126.91
Operating Cashflow 1,179,200,000
Operating Margins 0.38325
Overall Risk 3
Payout Ratio 0.90589994
Peg Ratio 2.19
Phone 585 385 6666
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 127.04
Post Market Time 1,787,959,805
Previous Close 126.48
Price Eps Current Year 21.247772
Price Hint 2
Price To Book 12.09444
Price To Sales Trailing12 Months 11.3875885
Profit Margins 0.26633
Quick Ratio 0.303
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.22222
Region US
Regular Market Change 0.559998
Regular Market Change Percent 0.442756
Regular Market Day High 127.91
Regular Market Day Low 126.2
Regular Market Day Range 126.2 - 127.91
Regular Market Open 126.91
Regular Market Previous Close 126.48
Regular Market Price 127.04
Regular Market Time 1,787,947,200
Regular Market Volume 1,546,116
Revenue Growth 0.125
Revenue Per Share 10.88
Sand P52 Week Change 0.20504117
Sector Technology
Sector Disp Technology
Sector Key technology
Share Holder Rights Risk 2
Shares Outstanding 355,682,860
Shares Percent Shares Out 0.0541
Shares Short 19,240,317
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 19,234,786
Short Name Paychex, Inc.
Short Percent Of Float 0.060599998
Short Ratio 6.37
Source Interval 15
State NY
Symbol PAYX
Target High Price 150.0
Target Low Price 95.0
Target Mean Price 111.35714
Target Median Price 109.5
Total Cash 1,143,699,968
Total Cash Per Share 3.216
Total Debt 4,630,300,160
Total Revenue 3,968,000,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 4.92
Trailing P E 25.821138
Trailing Peg Ratio 2.2189
Triggerable 1
Two Hundred Day Average 103.61685
Two Hundred Day Average Change 23.42315
Two Hundred Day Average Change Percent 0.2260554
Type Disp Equity
Volume 1,546,116
Website https://www.paychex.com
Zip 14,625-2396