New Risk • Jul 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (92% net debt to equity). Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €101, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Professional Services industry in Europe. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €163 per share. Ankündigung • Jun 25
Paychex, Inc. Provides Earnings Guidance for the Fiscal Year Ending May 31, 2027 Paychex, Inc. provided earnings guidance for the fiscal year ending May 31, 2027. For the year, Total revenue is anticipated to grow in the range of 5% to 6%. Reported Earnings • Jun 25
Full year 2026 earnings released: EPS: US$4.90 (vs US$4.60 in FY 2025) Full year 2026 results: EPS: US$4.90 (up from US$4.60 in FY 2025). Revenue: US$6.51b (up 17% from FY 2025). Net income: US$1.76b (up 6.2% from FY 2025). Profit margin: 27% (down from 30% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Professional Services industry in Italy. Ankündigung • Jun 10
Paychex, Inc. to Report Q4, 2026 Results on Jun 24, 2026 Paychex, Inc. announced that they will report Q4, 2026 results Pre-Market on Jun 24, 2026 Ankündigung • May 22
Paychex Inc Announces Wise AI Platform for Agentic Digital Workforce Paychex, Inc. announced Workforce Intelligence Strengthened by Expertise (WISE), the AI-powered intelligence solution transforming business operations with embedded context-aware intelligence, expert-enabled guidance, and autonomous execution. WISE moves beyond a single agent to a proactive digital workforce that executes autonomously within customer-defined workflows. WISE is the intelligence layer across Paychex Flex, Paycor, and SurePayroll platforms, spanning AI agents, expert advisory, embedded intelligence, and personal assistants. WISE natively available across Paychex platforms, scaling trusted expertise. WISE utilizes decades of proprietary data, regulatory requirements, and human expertise to power people and performance. WISE represents a fundamental shift in how intelligence is applied in HR—from user-directed tools to an agentic platform that works proactively on behalf of customers. WISE combines intelligence, multi-channel assistants, and autonomous agents. WISE strategically underpins Paychex’s approach to powering people and performance through: Agents: Autonomous digital workers capable of reasoning, orchestrating processes, and executing tasks to move work forward. WISE Agents act within parameters set and controlled by the customer, ensuring employers remain in the driver's seat. In addition to delivering meaningful improvements in customer service responsiveness and speed, agents can intelligently schedule shifts and approve timesheets to help streamline and improve manager productivity and worker efficiency. Intelligence: A context-aware intelligence layer that understands how customers work, what matters most, and when action is needed. Customers utilize WISE Intelligence with HR reporting and predictive analytics that serve actionable insights from real-time data to support workforce planning and decisions. Assistants: Personalized, multi-channel guidance and task support delivered across chat, voice, email, text, and collaboration tools. Customers utilize WISE Assistants for task completion, information retrieval, and regulatory compliance support. Advisory: Complementing experienced advisors with intelligent systems, WISE proactively alerts Paychex HR experts when a critical moment is on the horizon and enables the experienced advisors to guide customers through complex decisions like managing flight risk and drive outcomes that fuel business success. Learn more about how WISE supports Paychex Flex, Paycor, and SurePayroll in automating routine tasks, delivering personalized experiences, and uncovering actionable insights at scale. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Director Mike Hansen was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • May 03
Paychex, Inc. Declares Quarterly Cash Dividend, Payable on May 29, 2026 Paychex, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend on Paychex common stock of $1.19 per share, an increase of $0.11 (or 10%) from the prior quarterly dividend of $1.08 per share, payable on May 29, 2026 to shareholders of record as of May 13, 2026. Reported Earnings • Mar 26
Third quarter 2026 earnings released: EPS: US$1.56 (vs US$1.44 in 3Q 2025) Third quarter 2026 results: EPS: US$1.56 (up from US$1.44 in 3Q 2025). Revenue: US$1.81b (up 20% from 3Q 2025). Net income: US$560.3m (up 7.9% from 3Q 2025). Profit margin: 31% (down from 34% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Board Change • Mar 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Mike Hansen was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 11
Paychex, Inc. to Report Q3, 2026 Results on Mar 25, 2026 Paychex, Inc. announced that they will report Q3, 2026 results Pre-Market on Mar 25, 2026 Ankündigung • Feb 26
Paychex, Inc. Unveils Cutting-Edge AI and Agentic Workforce Management Solutions Paychex, Inc. announced new AI-driven advancements within its Paycor®? and Paychex Flex®? platforms to streamline workforce management and increase efficiency for businesses. Major enhancements to the Paycor Smart Scheduler and new automated time and attendance features across both platforms embody the company's commitment to infusing AI technology in its HCM platforms to democratize access to enterprise-grade AI innovations. According to Nucleus Research, modern workforce management automation can deliver measurable business value, returning an average of $12.24 for every dollar invested due to streamlined scheduling, improved staffing alignment, and reduced errors. Additionally, the research and industry analyst firm reports that automated scheduling can reduce scheduling time by up to 50% and meaningfully improve coverage and labor stability, making intelligent scheduling an essential tool for operational efficiency and workforce retention. Key AI-driven enhancements include: Paycor Smart Scheduler: AI-powered scheduling updates designed for human-in-the-loop scheduling, utilizing automated, rules-constrained intelligence that matches shifts to employees based on skills, certifications, availability, and business rules. The Paycor Smart Scheduler improves manager productivity and worker efficiency by providing transparency and insights on schedule recommendations, helping organizations place the right people in the right shifts at the right time, reducing scheduling errors and enhancing labor optimization. Paycor Agentic Timesheet Approvals: Scores each timecard against defined thresholds, such as missed punch, schedule variance, and geo-restrictions, enabling auto-approval. Only anomalies and exceptions are flagged for human review, helping streamline the timesheet approval process leading up to running payroll. Paycor Auto-Shifts: Creates optimized shift plans based on pre-set guardrails, including hour limits, rest periods, and fair-workweek rules, resulting in faster schedule builds, fewer errors, and better shift access for employees. Paychex Flex AI-Powered Time-Off: Offers historical insights that help to identify peak PTO periods and individual patterns. Intelligent availability introduces AI-assisted recurring availability and min/max hour preferences, simplifying workforce coverage and reducing employee PTO conflicts. (Coming soon) Paychex Flex Time-Off Request Agent: Provides an assistant-guided review process for time-off requests, offering recommendations based on factors including holidays, staffing thresholds, availability, and scheduling conflicts. The outputs highlight potential issues and provide the rationale behind recommendations to help avoid friction during the time-off review process. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Mike Hansen was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 23
Upcoming dividend of US$1.08 per share Eligible shareholders must have bought the stock before 27 January 2026. Payment date: 27 February 2026. Payout ratio and cash payout ratio are on the higher end at 95% and 78% respectively. Trailing yield: 4.0%. Lower than top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (2.8%). Ankündigung • Jan 20
Paychex, Inc. Appoints J. Michael Hansen as Independent Director and Member of Audit Committee Paychex, Inc. announced that the company’s Board of Directors has voted to expand to 11 members from 10 members. The Board has also appointed J. Michael Hansen to fill the new position as an independent director. Mr. Hansen brings deep financial expertise, having served as Executive Vice President & Chief Financial Officer of Cintas Corporation for more than 10 years. Upon his retirement as CFO in May 2025, Mr. Hansen transitioned to a new role as Assistant to the Chief Executive Officer of Cintas. In addition to his prior role as CFO of Cintas, Mr. Hansen held various other significant positions at the company during his 30 year tenure, contributing to his comprehensive understanding of financial operations and strategy. While at Cintas, Mr. Hansen served on the Board of Directors of Paycor HCM, Inc. from 2008 to 2018. Paychex acquired Paycor in April 2025. Prior to his tenure at Cintas, Mr. Hansen served as a senior auditor with Ernst & Young and Rockwell Corporation. Mr. Hansen holds a Bachelor of Science degree in Business Administration, with a concentration in accounting, from Washington University in St. Louis. Mr. Hansen’s appointment to the Paychex Board of Directors is effective immediately. He has been appointed to serve on the Board’s Audit Committee. Ankündigung • Jan 16
Paychex, Inc. Declares Quarterly Cash Dividend, Payable on February 27, 2026 Paychex, Inc. announced that the Board has declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, payable on February 27, 2026, to shareholders of record as of January 28, 2026. Reported Earnings • Dec 21
Second quarter 2026 earnings released: EPS: US$1.10 (vs US$1.15 in 2Q 2025) Second quarter 2026 results: EPS: US$1.10 (down from US$1.15 in 2Q 2025). Revenue: US$1.56b (up 18% from 2Q 2025). Net income: US$395.4m (down 4.4% from 2Q 2025). Profit margin: 25% (down from 31% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Board Change • Dec 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Theresa Payton was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (83% net debt to equity). Dividend is not well covered by earnings (92% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Ankündigung • Dec 09
Paychex, Inc. Unveils Intelligent AI Solutions to Revolutionize Workforce Management Paychex, Inc. announced a suite of AI-driven innovations to transform the HCM experience, evolving from user-directed to AI-powered with expertise infused at every touch point. Through AI-driven solutions that anticipate needs, automate tasks, and deliver precise, actionable insights, Paychex is simplifying complex HR processes, improving business outcomes, and driving greater efficiency for clients -- while fueling the company's growth. Paychex recently deployed agentic AI solutions for payroll automation, created an innovative patent-pending system for extracting AI insights from unstructured data, and launched GenAI platforms for personalized recommendations. These recent advancements build on prior innovations, such as AI Assistants leveraging the company's robust knowledge base that have answered millions of client inquiries via a simple, conversational chat interface. This marks the next phase in Paychex's vision to reinvent the HCM experience across its three purpose-built platforms - Paychex Flex®?, Paycor®?, and SurePayroll - as AI-first, transforming AI from a tool to a teammate and ushering in a new era of AI-enabled workforce management. Key AI-driven innovations include: Agentic AI Service Capabilities: Paychex successfully deployed agentic AI technology to process thousands of client payrolls via voice and email channels, achieving near 100% accuracy. This innovation accelerates resolution times and enables service teams to shift from transactional tasks to higher-value strategic advisory support. AI Data Transformation Patent: Paychex's patent-pending AI-powered knowledge mesh system breaks down silos of unstructured data (such as phone calls and emails) across traditional systems and organizes it into a connected, searchable network that generates actionable workforce management intelligence. This advanced technology enables Paychex to deliver personalized, data-driven insights that enhance decision-making, efficiency, and the overall client experience. GenAI Employment Law Platform: Paychex recently launched a GenAI-powered employment law and compliance platform that empowers Paychex HR experts and clients to efficiently navigate thousands of complex employment laws, create compliant documents, and stay informed about regulatory updates. GenAI Sales & Service Platform: A unified agent navigates various systems to aggregate insights and deliver personalized, relevant support for sales and service teams to enhance client interactions. Sales teams receive instant answers and tailored suggestions on sales scripts, objection handling, and policies through AI-powered chat platform. Meanwhile, service teams are seeing early success with similar capabilities to enhance customer support, such as assessing past client interactions to anticipate their needs with proactive support. Ankündigung • Dec 05
Paychex, Inc. to Report Q2, 2026 Results on Dec 19, 2025 Paychex, Inc. announced that they will report Q2, 2026 results Pre-Market on Dec 19, 2025 Ankündigung • Nov 19
Paychex, Inc. Introduces AI-Driven Participant Event Notifications for Financial Advisors Paychex, Inc. introduced participant Event Notifications, an AI-powered wealth management solution for financial advisors. This pioneering new advisor plan management tool leverages both payroll and plan level data to alert advisors through real-time notifications within the Paychex Flex®? Advisor Console when retirement plan participants reach key data milestones and have work or life events--enabling proactive engagement to assist participants with their financial planning needs, ultimately driving better retirement outcomes and uncovering new investment opportunities. As financial advisors increasingly integrate retirement and wealth management strategies, participant Event Notifications proactively make advisors aware any time there's an opportunity to engage and support the participant. Advisors receive notifications when participants reach certain age or status thresholds, change retirement or employment status, or when a newly eligible employee has yet to enroll. These customizable insights enable advisors to proactively engage participants at pivotal moments, enhancing client relationships, improving retirement outcomes, and expanding advisors' books of business. The company has made several recent advancements and has further enhanced features that have been longtime standards for Paychex 401(k) plans, including: Modernized Paychex Flex Advisor Console: A newly refreshed interface allows financial advisors to see their entire book of business in a single dashboard. Enhanced participant Portal: An updated user experience gives participants an easy-to-read retirement summary along with self-service features that enable them to enroll in, view, and manage their retirement plans in just a few clicks on any device. Integrated Client Web Experience: The redesigned interface is now seamlessly integrated with Paychex Flex to simplify administrative tasks, enhance functionality, and provide greater oversight while improving efficiency. Payroll Integrations®?Part partnership: A new partnership integrates Paychex 401(k") plans with over 100 payroll providers, expanding access to retirement services for businesses that are not currently Paychex payroll clients. Industry-Leading Pooled Employer Plan (PEP): As the largest PEPprovider in the industry by number of adopting employees, the Paychex PEP gives business owners a simpler, cost-effective way to offer comprehensive retirement benefits to employees, while saving them time on administrative tasks and reducing fiduciary responsibilities. Automated Audit Packages: Clients can receive a single report that pulls necessary data from multiple sources, saving them time and easing administrative burden. Best-in-Class Cyber Security and Fraud Detection: Paychex's practices protect the privacy, safety, and security of information shared by clients and employees. This includes security standards, rigorous internal controls, and world-class data centers that are monitored around the clock. Buy Or Sell Opportunity • Nov 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to €95.55. The fair value is estimated to be €120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 5.1%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Board Change • Nov 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Theresa Payton was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Independent Director Theresa Payton was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Oct 14
Dividend of US$1.08 announced Shareholders will receive a dividend of US$1.08. Ex-date: 6th November 2025 Payment date: 26th November 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (84% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 2.2% to bring the payout ratio under control. EPS is expected to grow by 34% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Ankündigung • Oct 09
Paychex, Inc. Declares Quarterly Dividend, Payable on November 26, 2025 The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, payable on November 26, 2025, to shareholders of record as of November 7, 2025. Reported Earnings • Sep 30
First quarter 2026 earnings released: EPS: US$1.07 (vs US$1.19 in 1Q 2025) First quarter 2026 results: EPS: US$1.07 (down from US$1.19 in 1Q 2025). Revenue: US$1.54b (up 17% from 1Q 2025). Net income: US$383.8m (down 10% from 1Q 2025). Profit margin: 25% (down from 32% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Ankündigung • Sep 17
Paychex, Inc. to Report Q1, 2026 Results on Sep 30, 2025 Paychex, Inc. announced that they will report Q1, 2026 results Pre-Market on Sep 30, 2025 Ankündigung • Sep 10
Paychex Introduces New Financial Management Solution Powered by BILL to Simplify Payroll and Payments for SMBs Paychex, Inc. announced a new financial management solution for accounts payable provided by BILL. Launching through Paychex Flex, Bill Pay, Powered by BILL, integrates payroll, HR, and accounts payable and empowers SMBs to manage their people and payments in one seamless experience. According to the 2025 BILL Report, nearly 40% of SMBs that have not yet automated their financial operations, plan to do so within the next six months to cut costs and improve efficiency. The same report found 62% of businesses cannot immediately view their current cash position across all accounts. Bill Pay, Powered by BLL, brings payroll, HR, and payments together into a single platform, giving SMBs the speed, clarity and control they need to make smarter, faster decisions, and simplify the way they run their business. Bill Pay, Powered by BILL, will enable businesses to: Automate bill payments with flexible payment options--offering multiple ways to fund and send payments to save time, money, and resources, all through Paychex Flex; Access BILL's network of more than eight million businesses to easily find and pay vendors; Get real-time insights into payment status. Bill Pay, Powered by BILL, will also strengthen the ability of accountants to support their clients. A 2025 Citizens Bank report revealed that 47% of SMBs continue to rely on expert guidance from CPAs, accountants, and bankers, underscoring the critical role trusted advisors play in guiding strategic decisions alongside technology and digital tools. Ankündigung • Sep 01
Paychex, Inc., Annual General Meeting, Oct 09, 2025 Paychex, Inc., Annual General Meeting, Oct 09, 2025. Ankündigung • Jul 30
Paychex, Inc. (NasdaqGS:PAYX) acquired Sixfifty LLC from Wilson Sonsini Goodrich & Rosati, P.C., Kimball Dean Parker, and other employees of the company for $85 million. Paychex, Inc. (NasdaqGS:PAYX) acquired Sixfifty LLC from Wilson Sonsini Goodrich & Rosati, P.C., Kimball Dean Parker, and other employees of the company for $85 million in May.
Paychex, Inc. (NasdaqGS:PAYX) completed the acquisition of Sixfifty LLC from Wilson Sonsini Goodrich & Rosati, P.C., Kimball Dean Parker, and other employees of the company in May. Ankündigung • Jul 10
Paychex, Inc. Declares Quarterly Cash Dividend, Payable on August 29, 2025 The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, payable on August 29, 2025, to shareholders of record as of July 21, 2025. Ankündigung • Jun 25
Paychex, Inc. Provides Financial Outlook for the Fiscal Year Ending May 31, 2026 Paychex, Inc. provided financial outlook for the fiscal year ending May 31, 2026. For the year, Total revenue is anticipated to grow in the range of 16.5% to 18.5%. Ankündigung • Jun 13
Paychex, Inc. to Report Q4, 2025 Results on Jun 25, 2025 Paychex, Inc. announced that they will report Q4, 2025 results Pre-Market on Jun 25, 2025 Ankündigung • Jun 04
Paychex, Inc. Launches New Experience for Accountants Paychex, Inc. has introduced a new portal designed to provide accountants with quick access to critical client data, reporting, and insights for their business clients that use Paychex Flex®?. Paychex Partner Pro redefines the way accountants can manage a book of business by providing proactive insights in a centralized view to help streamline workflows and strengthen client advisory services (CAS). Accountants previously using Paychex's AccountantHQ (AHQ) can now seamlessly access the broad range of functionality of Paychex Flex through an intuitive dashboard with simplified workflows for a user experience that matches what their clients see. Paychex Partner Pro features include: Client search capabilities with the option to pin five clients to the main dashboard for easy access to key details; Insights to identify clients with missing tax IDs, social security numbers, and/or missed payroll dates to stay ahead of potential issues; Access to a dedicated hub that offers firms advanced and relevant customer specific insights. 
