Paychex, Inc. (PAYX)

Technology
Software - Application
United States
Yahoo Finance  •  Trading View  •  Company site
Price
$127.52
▼ -1.07 (-0.83%)
Market Cap
$45,893,701,632
Shares: 360,200,000
P/E
34.32
P/B: 13.78
ROE
40.15%
Current Ratio: 1.28
Fundamentals Score
68 (NEUTRAL)

Company Overview

Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for payroll, employee benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services. The company 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; HR support to non-payroll clients through HR Partner Plus solution; 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, employer compliance, HR and employee benefits administration, risk management outsourcing, and both virtual and on-site availability of a professionally trained HR representative, and other solutions to businesses. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

Headquarters: 911 Panorama Trail South, Rochester, NY, 14625-2396, United States  |  Employees: 19000  |  Website: paychex.com
Key Contacts
IR / Phone: 585 385 6666
Exchange: NMS
Industry: Software - Application
Quick Financial Snapshot
Revenue$5,571,700,000
Net Income$1,657,300,000
Free Cash Flow$1,759,300,000
Book Value / Share$11.46

Balance Sheet & Liquidity

Total Liabilities$12,436,100,000
Total Equity$4,128,000,000
Debt / Equity1.22
Current Ratio1.28
Interest Coverage20.95
Working Capital$1,960,200,000

Valuation Metrics

Core multiples and valuation signals — useful to compare vs peers.

P/E (TTM)34.32
Industry P/EN/A
Forward P/E24.11
P/B13.78
Price / Sales10.21
P / FCF32.33
EV / EBITDA24.20
Graham Number$34.44
DCF (placeholder)
Notes: red items typically indicate expensive multiples relative to fundamentals. Use the "Compare with industry" tool for context.

EPS (Annual)

Financial Performance

Revenue vs Net Income

Free Cash Flow (annual)

Profitability & Efficiency

Gross Margin 72.35%
Operating Margin 39.62%
Net Margin 29.74%
ROIC 16.77%
Asset Turnover 0.34

Automated Fundamental Signals (Score: 68)

Passed
  • EPS shows upward trend
  • EPS CAGR 10.82%
  • Price CAGR 9.20%
  • ROIC 16.8%
  • Gross Margin 72.4%
  • Debt/Equity ratio
  • Operating Margin 39.6%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
Failed
  • P/FCF 32.33
  • P/B Ratio 13.78
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)

Price Chart (Candlestick)

Technical Analysis (Score: 60)

RSI (14)45.12
SMA 50133.08
SMA 200144.21
MACD-1.89
Signal NEUTRAL
RSI 45.1, SMA trend bearish, momentum -10.4%.

Governance & Management

Governance scores: Audit: 1 | Board: 8 | Compensation: 6 | Shareholder Rights: 2
Executive Team
NameTitle
Mr. John B. Gibson Jr. President, CEO & Director (1967)
Mr. Robert Lewis Schrader Senior VP & CFO (1973)
Mr. Adam Brooks Ante Senior Vice President of Paycor (1981)
Ms. Elizabeth Roaldsen Senior Vice President of Operations & Customer Experience (1972)
Ms. Prabha Sipi Bhandari Senior VP, Chief Legal Officer, Chief Ethics Officer & Secretary (1971)
Mr. Jason Rose Senior Vice President of Digital Sales & Marketing (1976)
Mr. Mason Argiropoulos Chief Human Resources Officer (1978)
Mr. Thomas J. Hammond Managing Director of Integration & Transformation (—)
Governance data last updated: 10/1/2025

Latest News

No news available for this company.

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