PAYX
PaychexPrevious close
112.12
Change
+2.75 / +2.51%
P/E (TTM) ?
22.3
Market Cap
$40.0B
1M
+13.83%
S&P 500 −0.91% over same period
Volume / Avg Volume
3.5M / 2.8M
1.29× average
Latest earnings analysisFY2027 Q1Reported 2026-09-23
Paychex Q1 FY2027: revenue up 6.0%, margin 38.0%, PEO guide raised
Paychex opened FY2027 with 6.0% revenue growth to $1.63 billion, a 38.0% operating margin and 14.0% GAAP EPS growth, and left its full-year revenue and EPS outlook alone while raising its PEO and client-interest outlook. Read the quarter as margin-led: profit grew faster than sales, helped by lower acquisition costs, while cash generation and buybacks stepped back. Verdict: Bullish.
Read the full analysis →Revenue$1.58BYoY +2.60%
EPS (non-GAAP)$1.34
Next-day move−8.77%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2027 Q1 Quarter ended 2026-08 | 2026-09-23 | $1.6B | Read analysis → |
| FY2026 Q4 Quarter ended 2026-05 | 2026-06-24 | $6.3B | Read analysis → |
| FY2026 Q3 Quarter ended 2026-02 | 2026-03-25 | $1.8B | Pending |
| FY2026 Q2 Quarter ended 2025-11 | 2025-12-19 | $1.5B | Pending |
| FY2026 Q1 Quarter ended 2025-08 | 2025-09-30 | $1.5B | Pending |
| FY2025 Q4 Quarter ended 2025-05 | 2025-06-25 | $5.4B | Pending |
| FY2025 Q3 Quarter ended 2025-02 | 2025-03-26 | $1.5B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 16 of its 5-year rangeCheap
5-year range 20.6 – 31.8 · Median 27.0
Last 4 quarters: $451M in buybacks + $1.6B in dividends, 5.18% of market cap combined
P/E (TTM)
22.3
P/B
10.9
P/S
6.1
Dividend Yield
3.00%
Earnings Reaction
Over the last 7 reports, the stock moved ±2.5% on average on the first trading day after, rising 5 times
Most recent −8.77%
Volatility & Correlation
1-year beta -0.08 · Correlation with S&P 500 -0.03Low beta
Annualized volatility 31% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 1 · $0.84MNet selling $0.84M
- 10-14VELLI JOSEPH MDirectorSell$0.84M7,839 shares · Avg price 107.68
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2027 Q1 | 1.58 | +5.9% | 72.8% | 0.43 | 1.21 |
| FY2026 Q4 | 1.55 | +12.4% | 73.1% | 0.42 | 1.17 |
| FY2026 Q3 | 1.75 | +19.5% | 75.4% | 0.56 | 1.56 |
| FY2026 Q2 | 1.50 | +17.4% | 72.6% | 0.40 | 1.10 |
| FY2026 Q1 | 1.49 | +16.5% | 72.3% | 0.38 | 1.06 |
| FY2025 Q4 | 1.38 | +10.0% | 71.5% | 0.30 | 0.83 |
| FY2025 Q3 | 1.47 | +5.1% | 73.6% | 0.52 | 1.43 |
| FY2025 Q2 | 1.28 | +4.4% | 70.4% | 0.41 | 1.14 |
| FY2025 Q1 | 1.28 | +2.2% | 70.3% | 0.43 | 1.18 |
| FY2024 Q4 | 1.26 | +4.3% | 70.1% | 0.00 | 1.05 |
| FY2024 Q3 | 1.40 | +3.7% | 72.8% | — | 1.38 |
| FY2024 Q2 | 1.23 | +4.9% | 70.3% | — | 1.08 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| PAYX | 22.3 | +5.9% | 72.8% | +13.83% | Neutral |
| SPCX | — | +161.4% | 62.4% | −10.70% | Bullish |
| CAT | 26.8 | +24.0% | 37.8% | −23.19% | Bullish |
| GE | 35.1 | +15.9% | — | −3.36% | Bullish |
| RTX | 32.0 | +11.1% | — | +7.62% | Bullish |
| GEV | 22.8 | +26.8% | 24.6% | −9.74% | Bullish |
| UNP | 23.6 | +15.3% | — | +11.71% | Bullish |
| DE | 36.7 | +4.9% | — | +0.59% | Bullish |
| ETN | 38.6 | +21.4% | 33.5% | −13.90% | Bullish |