PAYX Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q3

FY2026Q4

FY2027Q1

1.78B

+18%

1.671

+12.15%

1.63B

+13.86%

1.336

+12.23%

1.63B

+6.15%

1.330

+9.03%

Estimates Revision

The market is revising Downward the revenue expectations for Paychex, Inc. (PAYX) for FY2026, with the revenue forecasts being adjusted by -0.45% over the past three months. During the same period, the stock price has changed by -9.38%.

Revenue Estimates for FY2026

Revise Downward

-0.45%

In Past 3 Month

EPS Estimates for FY2026

Revise Upward

+0.22%

In Past 3 Month

Stock Price

Go Down

-9.38%

In Past 3 Month

13 Analyst Rating

Wall Street analysts forecast PAYX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAYX is 135.00 USD with a low forecast of 126.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

10 Hold

3 Sell

Hold

Current: 0.000

Low

126.00

Averages

135.00

High

150.00

Current: 0.000

Low

126.00

Averages

135.00

High

150.00

Citi

Bryan Keane

Neutral

downgrade

$139 -> $120

2025-12-22

Reason

Citi

Bryan Keane

Price Target

$139 -> $120

2025-12-22

downgrade

Neutral

Reason

Citi analyst Bryan Keane lowered the firm's price target on Paychex to $120 from $139 and keeps a Neutral rating on the shares. The firm cites the company's guidance reduction for the target cut. Paychex now sees hitting the lower end of its annual revenue growth guidance range, but the company is doing well managing the factors within its control, the analyst tells investors in a research note.

Morgan Stanley

Equal Weight

downgrade

$133 -> $123

2025-12-22

Reason

Morgan Stanley

Price Target

$133 -> $123

2025-12-22

downgrade

Equal Weight

Reason

Morgan Stanley lowered the firm's price target on Paychex to $123 from $133 and keeps an Equal Weight rating on the shares. The company now expects to track towards the low-end of its reiterated revenue growth ranges across Management Solutions, PEO, and total revenue, notes the analyst, who is lowering top-line estimates but raising EPS estimates on higher cost synergies.

JPMorgan

Tien-tsin Huang

Underweight

downgrade

$140 -> $125

2025-12-21

Reason

JPMorgan

Tien-tsin Huang

Price Target

$140 -> $125

2025-12-21

downgrade

Underweight

Reason

JPMorgan analyst Tien-tsin Huang lowered the firm's price target on Paychex to $125 from $140 and keeps an Underweight rating on the shares following the fiscal Q2 report. The company is executing where it has control, but lacks near-term catalysts amid macro softness, the analyst tells investors in a research note.

Wells Fargo

Underweight

maintain

$116

2025-12-19

Reason

Wells Fargo

Price Target

$116

2025-12-19

maintain

Underweight

Reason

Wells Fargo tells investors in a research note that the firm isn't surprised to see shares of Paychex trading lower following the mixed Q2 print, citing "sub-par" underlying Paycor growth as well as reduced guidance for fiscal 2026 for MS, PEO, and Paycor. Potential structural concerns related to AI may remain an overhang on shares in the near-term, and given rising unemployment and lower rates, now is not an attractive time to own the stock, says the firm, which has an Underweight rating and $116 price target.

Jefferies

Hold

downgrade

$118 -> $110

2025-12-19

Reason

Jefferies

Price Target

$118 -> $110

2025-12-19

downgrade

Hold

Reason

Jefferies lowered the firm's price target on Paychex to $110 from $118 and keeps a Hold rating on the shares. Q2 results met expectations and management's commentary was "mixed," the analyst tells investors. Management now expects FY26 revenue growth closer to the low end of the guidance range, while the EPS growth outlook was raised, adds the analyst, who does not see the results "pushing shares higher."

Stifel

David Grossman

Hold

downgrade

$137 -> $126

2025-12-17

Reason

Stifel

David Grossman

Price Target

$137 -> $126

2025-12-17

downgrade

Hold

Reason

Stifel analyst David Grossman lowered the firm's price target on Paychex to $126 from $137 and keeps a Hold rating on the shares ahead of fiscal Q2 EPS due on December 19. The firm expects a largely in-line quarter and guidance, adding that it estimates 5%-plus second half growth is needed to achieve the low-end of the company's FY26 organic revenue guidance.

Valuation Metrics

The current forward P/E ratio for Paychex Inc (PAYX.O) is 19.10, compared to its 5-year average forward P/E of 27.51. For a more detailed relative valuation and DCF analysis to assess Paychex Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

27.51

Current PE

19.10

Overvalued PE

30.97

Undervalued PE

24.05

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

18.75

Current EV/EBITDA

13.26

Overvalued EV/EBITDA

20.89

Undervalued EV/EBITDA

16.62

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

8.39

Current PS

5.83

Overvalued PS

9.26

Undervalued PS

7.52

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders areSelling! The selling amount has increased 205.59% over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress areBuying! The buying amount has increased306.25%over the last month.

Sold

Bought

Insider

Insiders areSelling! The selling amount has increased 205.59% over the last month.

Sold

Bought

PAYX News & Events

Events Timeline

No data

News

7.5

01-08NASDAQ.COM

Paychex Partners with PayPal to Offer Early Paycheck Access

8.0

01-05NASDAQ.COM

PAYX Options Analysis: $105 Put Contract Shows Significant Appeal

8.5

2025-12-22CNBC

Janus Henderson to be Acquired by General Catalyst and Trian for $7.4 Billion

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Frequently Asked Questions

What is Paychex Inc (PAYX) stock price today?

The current price of PAYX is 113.77 USD — it has decreased -0.42 % in the last trading day.

What is Paychex Inc (PAYX)'s business?

Paychex, Inc. is a human capital management (HCM) company. The Company is engaged in delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. It is a provider of integrated HCM solutions for human resources (HR), payroll, benefits, and insurance for small- to medium-sized businesses in the United States (U.S.) and parts of Europe. It supports its small-business clients by utilizing its proprietary, software as a service (SaaS) Paychex Flex platform and the Company’s SurePayroll SaaS-based solutions. Its HR solutions include HR packages, HR consulting, employee onboarding, hiring services, and artificial intelligence -assisted recruiting. Its payroll services include payroll packages, small business payroll, midsize to enterprise payroll, switch payroll companies, and payroll tax services. Its employee benefits services include Group health insurance, retirement services, and benefits administration services.

What is the price predicton of PAYX Stock?

What is Paychex Inc (PAYX)'s revenue for the last quarter?

Paychex Inc revenue for the last quarter amounts to 1.56B USD, increased 18.28 % YoY.

What is Paychex Inc (PAYX)'s earnings per share (EPS) for the last quarter?

Paychex Inc. EPS for the last quarter amounts to 1.10 USD, decreased -3.51 % YoY.

What changes have occurred in the market's expectations for Paychex Inc (PAYX)'s fundamentals?

How many employees does Paychex Inc (PAYX). have?

Paychex Inc (PAYX) has 19000 emplpoyees as of January 10 2026.

What is Paychex Inc (PAYX) market cap?

Today PAYX has the market capitalization of 40.84B USD.