US · USD
PAYX
Paychex Inc
- Day's range
- $98.50 – $101.00
- Day's volume
- $228.5M
- 52-week range
- $83.61 – $127.34
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See how PAYX weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountPAYX in numbers
- Market cap
- $35.2B
- P/E
- 19.50
- P/B
- 9.50
- Dividend yield (12m)
- 4.59%
- Net debt/EBITDA
- 1.20
The 12-month dividend yield of PAYX is 4.59%, above its 5-year average of 2.78%.
PAYX price history
PAYX risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -8.40% | -10.86% | -3.58% |
| Volatility (annualized) | 35.76% | 24.17% | 25.50% |
| Largest drawdown | -22.65% | -40.04% | -40.04% |
| Positive months | 7/12 | 20/36 | 31/60 |
How much did investing in PAYX return?
$1,000.00 invested on 11/01/2021 would be worth $964.17 today.
- Value today in PAYX
- $964.17
- Return over the period
- -3.58%
- Return per year
- -0.74%
- In the S&P 500
- $1,690.98
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
PAYX fundamentals
Valuation
- P/E19.50
- P/B9.50
- EV/EBITDA12.82
- EV/EBIT15.01
- EV/Revenue6.08
- P/EBIT13.61
- P/S5.51
- P/OCF15.64
- P/FCF17.46
- Earnings yield6.66%
- PEG ratio—
- Earnings per share$5.07
- Book value per share$10.41
Debt
- Net debt$3.6B
- Net debt/EBITDA1.20
- Net debt/Equity0.98
- Debt/Equity1.23
- Current ratio1.28
- Quick ratio—
- Cash ratio0.15
Efficiency
- Gross margin73.54%
- EBITDA margin47.44%
- Operating margin40.50%
- Net margin28.26%
- Asset turnover0.41
Profitability
- ROE48.74%
- ROA11.53%
- ROIC26.81%
- Payout89.49%
Growth
- Revenue CAGR (5 years)9.02%
- Earnings CAGR (5 years)—
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is PAYX's fair price?
Two classic value formulas, with today's numbers. The current price is $98.94.
- Graham's fair price
- $34.47
- 65.16% below the price
√(22.50 × $5.07 × $10.41)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $57.13
- 42.25% below the price
$3.43 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
PAYX's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| P/E | 20.00 | 24.39 | 29,879,879.23 | 27.58 | 29.86 | — | — | — |
| P/B | 9.42 | 9.79 | 13.29 | 12.29 | 13.48 | 16.66 | 12.02 | 11.67 |
| EV/EBITDA | 13.08 | 18.09 | 21.19 | 19.08 | 20.26 | 29.58 | 19.94 | 19.74 |
| Dividend yield | 3.50% | 3.76% | 2.73% | 2.90% | 2.62% | 1.90% | 2.66% | 2.85% |
| Earnings per share | $4.95 | $4.60 | $0.00 | $4.32 | $3.87 | — | — | — |
| Book value per share | $10.50 | $11.46 | $10.55 | $9.69 | $8.57 | $8.19 | $7.75 | $7.29 |
| ROE | 47.12% | 40.14% | 0.00% | 44.57% | 45.15% | — | — | — |
| ROIC | 26.68% | 22.63% | 53.18% | 57.12% | 52.65% | 41.08% | 42.10% | 38.36% |
| Gross margin | 73.43% | 71.53% | 71.17% | 70.39% | 70.22% | 68.20% | 67.60% | 68.10% |
| EBITDA margin | 46.87% | 44.68% | 45.80% | 45.03% | 44.62% | 41.34% | 42.25% | 42.06% |
| Net margin | 27.93% | 30.63% | 0.00% | 31.73% | 30.59% | — | — | — |
| Net debt/EBITDA | 1.16 | 1.37 | -0.29 | -0.36 | -0.21 | -0.14 | -0.08 | 0.05 |
PAYX's financial statements
| Line | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Net revenue | $6.3B | $5.4B | $5.1B | $4.9B | $4.6B | $4B |
| Cost of revenue | -$1.7B | -$1.5B | -$1.5B | -$1.5B | -$1.4B | -$1.3B |
| Gross profit | $4.6B | $3.9B | $3.7B | $3.5B | $3.2B | $2.7B |
| EBITDA | $3B | $2.4B | $2.4B | $2.2B | $2B | $1.7B |
| EBIT | $2.5B | $2.2B | $2.2B | $2B | $1.8B | $1.5B |
| Financial result | $69.9M | $73.6M | $81.2M | $51.8M | — | — |
| Income before tax | $2.3B | $2.2B | $2.2B | $2B | $1.8B | $1.4B |
| Income tax | -$550.8M | -$518.6M | -$527.6M | -$490.9M | -$431.8M | -$336.7M |
| Net income | $1.8B | $1.7B | $1.7K | $1.6B | $1.4B | — |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does PAYX pay dividends?
Dividend yield per year
- 2.82%2017
- 3.35%2018
- 2.85%2019
- 2.66%2020
- 1.90%2021
- 2.62%2022
- 2.90%2023
- 2.73%2024
- 3.76%2025
- 3.50%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 07/27/2026 | 08/28/2026 | $1.19 |
| Dividend | 05/12/2026 | 05/29/2026 | $1.19 |
| Dividend | 01/27/2026 | 02/27/2026 | $1.08 |
| Dividend | 11/06/2025 | 11/26/2025 | $1.08 |
| Dividend | 07/18/2025 | 08/29/2025 | $1.08 |
| Dividend | 05/09/2025 | 05/29/2025 | $1.08 |
| Dividend | 02/06/2025 | 02/27/2025 | $0.98 |
| Dividend | 11/06/2024 | 11/27/2024 | $0.98 |
| Dividend | 08/07/2024 | 08/29/2024 | $0.98 |
| Dividend | 05/08/2024 | 05/30/2024 | $0.98 |
| Dividend | 02/09/2024 | 02/27/2024 | $0.89 |
| Dividend | 11/10/2023 | 11/28/2023 | $0.89 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/08/2023 | 08/24/2023 | $0.89 |
| Dividend | 05/09/2023 | 05/25/2023 | $0.89 |
| Dividend | 02/07/2023 | 02/23/2023 | $0.79 |
| Dividend | 11/07/2022 | 11/23/2022 | $0.79 |
| Dividend | 08/09/2022 | 08/25/2022 | $0.79 |
| Dividend | 05/10/2022 | 05/26/2022 | $0.79 |
| Dividend | 01/27/2022 | 02/24/2022 | $0.66 |
| Dividend | 10/28/2021 | 11/29/2021 | $0.66 |
| Dividend | 07/29/2021 | 08/26/2021 | $0.66 |
| Dividend | 05/10/2021 | 05/27/2021 | $0.66 |
| Dividend | 01/28/2021 | 02/25/2021 | $0.62 |
| Dividend | 10/29/2020 | 11/24/2020 | $0.62 |
| Dividend | 07/30/2020 | 08/27/2020 | $0.62 |
| Dividend | 05/13/2020 | 05/28/2020 | $0.62 |
| Dividend | 01/30/2020 | 02/20/2020 | $0.62 |
| Dividend | 10/30/2019 | 11/21/2019 | $0.62 |
| Dividend | 07/30/2019 | 08/22/2019 | $0.62 |
| Dividend | 05/13/2019 | 05/30/2019 | $0.62 |
| Dividend | 01/30/2019 | 02/15/2019 | $0.56 |
| Dividend | 10/30/2018 | 11/15/2018 | $0.56 |
| Dividend | 07/30/2018 | 08/23/2018 | $0.56 |
| Dividend | 05/07/2018 | 05/24/2018 | $0.56 |
| Dividend | 01/30/2018 | 02/15/2018 | $0.50 |
| Dividend | 10/30/2017 | 11/15/2017 | $0.50 |
| Dividend | 07/27/2017 | 08/24/2017 | $0.50 |
| Dividend | 05/05/2017 | 05/25/2017 | $0.46 |
| Dividend | 01/27/2017 | 02/15/2017 | $0.46 |
| Dividend | 10/27/2016 | 11/22/2016 | $0.46 |
About Paychex
- Sector
- Services
Questions about PAYX
How much is PAYX today?
PAYX is at $98.94 (-1.88% on the day), last traded on 10/02/2026.
How much did PAYX pay in dividends in 2025?
PAYX paid $4.22 per share in 2025, a dividend yield of 3.76%.
What are the P/E and P/B of PAYX?
PAYX trades at a P/E of 19.50 and a P/B of 9.50.
How much did PAYX return in 12 months?
PAYX returned -8.40% in 12 months, with annualized volatility of 35.76% and a largest drawdown of -22.65%.