PAYX · NMS S&P 500

Paychex, Inc.

Technology · Software - Application

$116.20 +$1.44 (+1.25%) today

Closing price on Nov 10, 2026 · Source: Yahoo Finance

Consensus of 19 analysts

Hold

Median price target $111.50 −4.0%

Open: $114.08
Day range: 113.10 – $116.57
52-week range: 85.45 – $127.98
Volume: 3,140,224
Market cap: $41,365M
P/E (TTM): 23.1x
EPS (TTM): $5.04
EPS est. FY 2027: $5.96
P/E est. FY 2027: 19.5x
Dividend yield: 3.9%
Beta: 0.80
Payout: 90%

Paychex financials

Q3 2026 results, quarter ended Aug 31, 2026

Metric	Q3 2026	1-year change
Total revenue	$1,631M	+5.9%
Net income	$430M	+12.0%
Earnings per share	$1.21	+14.2%
Net margin	26.4%	+1.4 pp
Free cash flow	$357M	−46.1%
Debt / equity	1.25	−1.4%

Revenue and net income ($M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	$1,540M	$384M
Q4 2025	$1,558M	$395M
Q1 2026	$1,809M	$560M
Q2 2026	$1,606M	$421M
Q3 2026	$1,631M	$430M

Paychex earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 18	$1.2771.24 – 1.31	+1.3%$1.260
Next quarterQ1 2027 · Analysts: 18	$1.8711.85 – 1.92	+9.4%$1.710
Current yearFY 2027 · Analysts: 19	$5.9615.93 – 6.00	+8.2%$5.510
Next yearFY 2028 · Analysts: 19	$6.3896.00 – 6.50	+7.2%$5.961

Forward P/E: 19.5x (FY 2027) and 18.2x (FY 2028) at the current price.

Actual and estimated EPS ($)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	$1.060	—
Q4 2025	$1.260	$1.231
Q1 2026	$1.710	$1.672
Q2 2026	$1.320	$1.308
Q3 2026	$1.340	$1.319
Q4 2026	—	$1.277
Q1 2027	—	$1.871

Year	Actual EPS	Estimated EPS
FY 2023	$4.300	—
FY 2024	$4.670	—
FY 2025	$4.580	—
FY 2026	$4.890	—
FY 2027	—	$5.961
FY 2028	—	$6.389

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	$1.871	+9.4%
Q4 2026Estimated	$1.277	+1.3%
Q3 2026	$1.340est. $1.319 · surprise +1.6%	+26.4%
Q2 2026	$1.320est. $1.308 · surprise +0.9%	n/a
Q1 2026	$1.710est. $1.672 · surprise +2.3%	n/a
Q4 2025	$1.260est. $1.231 · surprise +2.4%	n/a
Q3 2025	$1.060	n/a

Year	EPS	Annual change
FY 2028Estimated	$6.389	+7.2%
FY 2027Estimated	$5.961	+21.9%
FY 2026	$4.890	+6.8%
FY 2025	$4.580	−1.9%
FY 2024	$4.670	+8.6%
FY 2023	$4.300	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Paychex dividend

Yield and payments

Dividend yield (TTM)	3.9%
Forward yield (next 12m)	4.1%
Dividend per share (TTM)	$4.54
Forward dividend (next 12m)	$4.76
Payout (TTM)	90%
Last dividend	$1.19Oct 26, 2026
Next ex-dividend date	n/a

Dividend per share by year ($)

PaidEstimated

Year	Dividend per share
2019	$2.42
2020	$2.48
2021	$2.60
2022	$3.03
2023	$3.46
2024	$3.83
2025	$4.22
est. 12m	$4.76

Paychex forecasts

19 analyst ratings

Buy11% Hold79% Sell11%

Consensus: Hold · 2 buy, 15 hold, 2 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	$150.00	+29.1%
Median	$111.50	−4.0%
Low	$96.00	−17.4%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	$111.69
Dec 31, 2025	$112.18
Jan 30, 2026	$103.13
Feb 27, 2026	$93.65
Mar 31, 2026	$92.12
Apr 30, 2026	$92.63
May 29, 2026	$96.98
Jun 30, 2026	$98.33
Jul 31, 2026	$116.84
Aug 31, 2026	$127.34
Sep 30, 2026	$98.50
Oct 30, 2026	$112.12
Nov 10, 2026	$116.20

Paychex peers

Ticker	Company	Market cap ($M)	P/E	Price ($)	1-day change	52-week range
PAYX	Paychex	41,365	23.1x	116.20	+1.25%	85.45127.98
CRM	Salesforce	175,694	19.5x	213.48	−0.68%	146.32269.11
UBER	Uber	143,035	41.2x	70.05	−1.57%	64.0495.18
ADP	Automatic Data Processing	120,575	27.1x	305.44	+1.12%	188.16310.98
NOW	ServiceNow	103,387	71.7x	99.61	−3.07%	81.24175.00
ADBE	Adobe	92,124	13.2x	236.70	−0.26%	190.12362.71