Paychex
PAYX stock analysis · Industrials · Human Resource & Employment Services
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -25.8% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
76 sector peers · median 31.7×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 21.1× · -29.3% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Requires reported dividends, repurchases and issuance; missing values are not zero.
How this is calculated ↗Accrual quality
Annual basis · read assumptions below
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $91.54 | $99.88 | $108.85 |
| 10.0% | $67.08 | $72.98 | $79.32 |
| 12.0% | $52.92 | $57.42 | $62.25 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2026-05-31 | 6.3B | 1.8B | 2.6B | 234.9M | 16.2B |
| 2025-05-31 | 5.4B | 1.7B | 1.9B | 191.8M | 16.6B |
| 2024-05-31 | 5.1B | 1.7B | 1.9B | 161.4M | 10.4B |
| 2023-05-31 | 4.9B | 1.6B | 1.7B | 143M | 10.5B |
| 2022-05-31 | 4.6B | 1.4B | 1.6B | 133.8M | 9.6B |
| 2021-05-31 | 4B | — | 1.3B | 118.4M | 9.2B |
| 2020-05-31 | 4B | — | 1.4B | 127M | 8.6B |
| 2019-05-31 | 3.7B | — | 1.3B | 123.8M | 8.7B |
| 2018-05-31 | 3.3B | — | 1.3B | 154M | 7.9B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 5.4B | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-07-17 |
| netIncome | 1.7B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-07-17 |
| Parent/common earnings proxy | 1.7B | NetIncomeLossAvailableToCommonStockholdersBasic | 2026-07-17 |
| cfo | 1.9B | NetCashProvidedByUsedInOperatingActivities | 2026-07-17 |
| capex | 191.8M | PaymentsToAcquirePropertyPlantAndEquipment | 2026-07-17 |
| operatingIncome | 2.2B | OperatingIncomeLoss | 2026-07-17 |
| assets | 16.6B | Assets | 2026-07-17 |
| equity | 4.1B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-07-17 |
| Parent book equity proxy | 4.1B | StockholdersEquity | 2026-07-17 |
| debt | 4.9B | LongTermDebt | 2026-07-17 |
| shortDebt | 18.6M | ShortTermBorrowings | 2026-07-17 |
| cash | 1.6B | CashAndCashEquivalentsAtCarryingValue | 2026-07-17 |
| shares | 362M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-07-17 |
| dividends | 1.4B | PaymentsOfDividendsCommonStock | 2026-07-17 |
| buybacks | 104.5M | PaymentsForRepurchaseOfCommonStock | 2026-07-17 |
| issuance | — | Not reported under a supported tag | — |