Paychex Inc. (PAYX)
Technology · NASDAQ · US
Price as at 30 Sept 2026, 22:56 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Paychex Inc. trades at $98.50, which is 91% below the $188.26 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 68 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 22.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
PAYX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $3.46 | 3 |
| 2025 | $4.22 | 4 |
| 2024 | $3.83 | 4 |
| 2023 | $3.46 | 4 |
| 2022 | $3.03 | 4 |
| 2021 | $2.60 | 4 |
| 2020 | $2.48 | 4 |
| 2019 | $2.42 | 4 |
| 2018 | $2.18 | 4 |
| 2017 | $1.92 | 4 |
| 2016 | $1.76 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
PAYX earnings and analyst estimates
Recommendation mix, 18 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Paychex Inc.
Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for human resources, payroll processing, employee benefits, and insurance services for small to medium-sized businesses in the United States, Europe, Canada, India, and Israel. It offers technology and advisory solutions; and payroll tax administration services. The company also 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; administrative services organization HR outsourcing solutions; solutions to payroll and non-payroll customers; retirement and funding solutions; 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, HR, employee benefits administration, retirement, insurance, risk management outsourcing, and access to professionally trained HR representatives, virtually and on-site. It markets and sells its solutions primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
PAYX passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Israel Englander, MILLENNIUM MANAGEMENT LLC$229.07M · 0.1% of book
- Select Equity Group, Select Equity Group, L.P.$228.15M · 1.1% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$200.63M · 0.1% of book
- Marshall Wace, MARSHALL WACE, LLP$95.47M · 0.1% of book
- Joel Greenblatt, Gotham Asset Management, LLC$74.45M · 0.2% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in PAYX
We hold 26 disclosed trades in PAYX by members of Congress and executive-branch officials. The latest 5:
- April McClain Delaney · HouseSell · $100,001 - $250,000 · traded 25 Aug 2026 · disclosed 9 Sept 2026
- Donald J Trump · Executive branchBuy · $50,001 - $100,000 · traded 22 Jun 2026 · disclosed 22 Aug 2026
- Donald J Trump · Executive branchBuy · $250,001 - $500,000 · traded 18 Jun 2026 · disclosed 22 Aug 2026
- Michael T. McCaul · HouseSell · $100,001 - $250,000 · traded 1 Jun 2026 · disclosed 8 Jul 2026
- Donald J Trump · Executive branchBuy · $1,001 - $15,000 · traded 15 May 2026 · disclosed 1 Jul 2026
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
PAYX peers
The largest companies in the same industry, then in the same sector.
- NVDA NVIDIA Corporation
- AAPL Apple Inc.
- MSFT Microsoft Corporation
- 2330.TW TSMC
- AVGO Broadcom Inc.
- 005930.KS Samsung Electronics
- MU Micron Technology, Inc.
- 000660.KS SK Hynix
Every technology company we cover is on the Technology hub.
Common questions
Is Paychex Inc. (PAYX) undervalued?
Against our fair value estimate of $188.26, PAYX at $98.50 is 91% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own PAYX?
14 of the institutions we track reported a position in PAYX in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is PAYX's P/E ratio?
PAYX trades at 22.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Paychex Inc. (PAYX) pay a dividend?
Yes. Paychex Inc. yields 4.48% at the current share price. It has paid $4.54 per share over the trailing twelve months. It has paid a dividend in each of the last 38 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its PAYX data?
Fundamentals for PAYX come from company filings and exchange data, as listed on NASDAQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 30 Sept 2026, 22:56 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for PAYX, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.