SuperworthPaychex PAYX
- Market cap
- $42B
- PE
- 23.4×
- 10y median 28.4×
- Forward PE
- 19.5×
- 10y median 26.5×
- Price to sales
- 6.4×
- EV/EBIT
- 17.6×
- Revenue, 12 months
- $6.6B
- +14% on a year ago
- Net margin
- 27.4%
- Free cash flow yield
- 4.8%
Paychex trades at 23.4× trailing earnings, cheaper than 93% of the last ten years. Revenue was $6.6B over the last twelve months, up 14% on a year earlier with a 27% net margin.
Charts
Financials
| Income statement | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.3B+6% | $1.4B+4% | $1.3B+5% | $1.3B+3% | $1.3B+5% | $1.5B+5% | $1.4B+10% | $1.5B+17% | $1.6B+18% | $1.8B+20% | $1.6B+13% | $1.6B+6% | |
| Cost of revenue | $364.1M+1% | $379.8M+2% | $375.2M+2% | $380M+6% | $379.1M+4% | $387.4M+2% | $393.9M+5% | $413.8M+9% | $412.2M+9% | $431.2M+11% | $417.3M+6% | $430.1M+4% |
| Gross profit | $893.8M+8% | $1.1B+5% | $919.9M+7% | $938.5M+1% | $937.8M+5% | $1.1B+6% | $1B+12% | $1.1B+20% | $1.1B+22% | $1.4B+23% | $1.2B+15% | $1.2B+7% |
| SG&A | $387.6M+8% | $409.7M+3% | $438.1M+8% | $391.8M+1% | $399.7M+3% | $429.8M+5% | $602.3M+38% | $584.3M+49% | $573.5M+44% | $585.7M+36% | $583.5M−3% | $581.2M−1% |
| $506.2M+7% | $649.8M+6% | $481.8M+6% | $546.7M+2% | $538.1M+6% | $691.8M+7% | $431.1M−11% | $541.9M−1% | $571.9M+6% | $792M+15% | $604.7M+40% | $619.2M+14% | |
| Interest expense | $8.5M−8% | $9.9M+10% | $9.5M+1% | $9.6M+2% | $9.5M+12% | $22.6M+128% | $63.7M+571% | $68.2M+610% | $68.5M+621% | $68.1M+201% | $64.7M+2% | $65.1M−5% |
| Pre-tax income | $517.9M+9% | $659.2M+7% | $491.8M+6% | $557.1M+2% | $543.7M+5% | $685.8M+4% | $389.3M−21% | $497.5M−11% | $520.2M−4% | $739M+8% | $554.2M+42% | $565M+14% |
| $125.2M+9% | $160.6M+7% | $111.9M−1% | $129.7M−0% | $130.3M+4% | $166.5M+4% | $92.1M−18% | $113.7M−12% | $124.8M−4% | $178.7M+7% | $133.6M+45% | $135.3M+19% | |
| Net income | $392.7M+9% | $498.6M+7% | $379.9M+8% | $427.4M+2% | $413.4M+5% | $519.3M+4% | $297.2M−22% | $383.8M−10% | $395.4M−4% | $560.3M+8% | $420.6M+42% | $429.7M+12% |
| $1.08+9% | $1.38+7% | $1.05+8% | $1.18+2% | $1.14+6% | $1.43+4% | $0.82−22% | $1.06−10% | $1.10−4% | $1.56+9% | $1.17+43% | $1.21+14% | |
| 362.1M−0% | 361.7M−0% | 361.8M−0% | 361.9M−0% | 361.7M−0% | 362M+0% | 362.3M+0% | 361.9M+0% | 360.4M−0% | 359.5M−1% | 358.2M−1% | 356.6M−2% |
Gross profit: 28 periods, Q1 FY20 to Q1 FY27: not printed by the filing, worked out from its own lines.
Net income: 42 periods, Q4 FY16 to Q1 FY27: not printed by the filing, worked out from its own lines.
EPS, diluted: 8 periods, Q4 FY09 to Q4 FY26: quarter's net income to common over its shares, to the cent.
Diluted shares: 7 periods, Q4 FY09 to Q4 FY26: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q2 FY27 | $1.6B | $1.6B to $1.7B | $1.28 | $1.25 to $1.34 | 12 |
| Q3 FY27 | $1.9B | $1.9B to $1.9B | $1.87 | $1.84 to $1.91 | 12 |
| Q4 FY27 | $1.7B | $1.7B to $1.7B | $1.47 | $1.45 to $1.49 | 9 |
| Q1 FY28 | $1.7B | $1.7B to $1.7B | $1.44 | $1.43 to $1.46 | 9 |
| Q2 FY28 | $1.7B | $1.7B to $1.7B | $1.42 | $1.40 to $1.44 | 8 |
| Q3 FY28 | $2B | $2B to $2B | $1.99 | $1.97 to $2.02 | 6 |
| Q4 FY28 | $1.8B | $1.8B to $1.8B | $1.58 | $1.56 to $1.60 | 6 |
| Q1 FY29 | $1.8B | $1.8B to $1.8B | $1.55 | $1.54 to $1.57 | 6 |
Peers
Companies in Industrials nearest Paychex's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| PAYXPaychex | $42B | 23.4× | 28.4× | 19.5× | 6.4× | +14% | 27.4% |
| HEIHEICO | $41.6B | 49.5× | 59.3× | 42.8× | 8.0× | +21% | 16.4% |
| FIXComfort Systems USA | $40.9B | 28.6× | 22.0× | 22.0× | 3.6× | +46% | 12.8% |
| FERGFerguson | $43.9B | n/m | 22.3× | 18.9× | n/m | n/m | n/m |
| WABWestinghouse Air Brake Technologies | $46B | 36.6× | 30.6× | 24.0× | 3.8× | +13% | 10.6% |
| CARRCarrier Global | $46.4B | 39.1× | 18.8× | 18.6× | 2.1× | −2% | 5.5% |
| ODFLOld Dominion Freight Line | $37.9B | 35.2× | 30.3× | 28.9× | 6.8× | −1% | 19.4% |
| WCNWaste Connections | $47B | 45.0× | 50.6× | 32.1× | 4.8× | +6% | 10.9% |
| LHXL3Harris Technologies | $47.3B | 25.6× | 30.1× | 20.6× | n/m | n/m | n/m |
| ROKRockwell Automation | $47.3B | 39.9× | 30.6× | 29.3× | 5.3× | +11% | 13.4% |
| DALDelta Air Lines | $50.5B | 15.3× | 9.3× | 11.7× | 0.7× | +14% | 4.6% |
| Peer median | $46.2B | 36.6× | 30.2× | 23.0× | 4.3× | +12% | 11.8% |
Investors who own it
Investors we follow who held Paychex at the end of Jun 30, 2026, from their 13F filings.
- Chris BloomstranSemper Augustus2.4% of portfolionew
- Tom GaynerMarkel Group0.1% of portfolio
- Baillie GiffordBaillie Gifford0.0% of portfolioadded
More on Paychex
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #4of 366Industrial stocks with the highest profit margins
- #2of 56Industrial stocks with the highest dividend yields
- #1of 18Staffing and Employment Services stocks with the highest profit margins
- #4of 18Staffing and Employment Services stocks with the fastest revenue growth
- #8of 14Staffing and Employment Services stocks with the highest free cash flow yield
- #6of 10Staffing and Employment Services stocks with the lowest PE ratio
Its groups
About
- Industry
- Staffing & Employment Services
- Sector
- Industrials
Valuation data, not investment advice. Prices as of .