Paychex, Inc.

NasdaqGS:PAYX 주식 리포트

시가총액: US$33.2b

Paychex 향후 성장

Future 기준 점검 2/6

Paychex (는) 각각 연간 10.8% 및 5.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 10.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 44.9% 로 예상됩니다.

핵심 정보

10.8%

이익 성장률

10.86%

EPS 성장률

Professional Services 이익 성장14.8%
매출 성장률5.4%
향후 자기자본이익률44.86%
애널리스트 커버리지

Good

마지막 업데이트22 Apr 2026

최근 향후 성장 업데이트

Recent updates

PAYX: AI And Tapcheck Partnership Will Support Post Paycor Integration Concerns

The analyst price target for Paychex has been trimmed by about $0.27, reflecting a wave of recent target cuts from multiple firms as analysts factor in choppy macro conditions and the ongoing integration of Paycor into their models. Analyst Commentary Recent research on Paychex shows a clear reset in expectations, with several firms cutting their price targets and one new initiation at a neutral stance.

PAYX: AI Tools And Buybacks Will Support Post Paycor Integration Concerns

Analysts have nudged their blended price target on Paychex slightly lower to $101.20 from $102.80 as they factor in a higher discount rate, modestly different revenue growth and profit margin assumptions, and a slightly reduced future P/E multiple, following a series of recent target cuts and cautious research notes. Analyst Commentary Recent research has leaned cautious on Paychex, with several firms trimming price targets and a few initiating more conservative ratings as they reassess growth, profitability and the integration of Paycor.

Paychex: Staying Neutral Because Of Near-Term Growth Concerns

Apr 09

AI Rollout And PEO Demand Will Support Steady Outlook Despite Integration Risks

Catalysts About Paychex Paychex provides HR, payroll, benefits and PEO solutions to businesses of various sizes, with a large small business client base. What are the underlying business or industry changes driving this perspective?

PAYX: AI Upgrades And Buybacks Will Offset Paycor Integration Concerns

Paychex's analyst price target has been reset lower to about $103 from roughly $117, as analysts factor in softer revenue growth assumptions, a slightly higher discount rate, and a lower future P/E multiple, partly offset by expectations for stable profitability and ongoing integration of Paycor. Analyst Commentary Recent Street research on Paychex has centered on recalibrated price targets, with several firms adjusting their models to reflect more tempered revenue expectations, a higher discount rate, and lower assumed future P/E multiples.

AI Adoption And HCM Data Scale Will Reshape This Payroll Leader’s Long-Term Potential

Catalysts About Paychex Paychex provides payroll, HR, benefits and HCM technology solutions to small and midsize businesses across its Paychex Flex, SurePayroll and Paycor platforms. What are the underlying business or industry changes driving this perspective?

PAYX: AI Automation And Buybacks Will Offset Defensive Competitive Concerns Over Time

Analysts have reduced their Paychex price target by about $2 to reflect slightly lower fair value estimates, higher required returns, and modestly softer assumptions for revenue growth, profit margins, and future P/E following recent bearish initiations and cautious commentary. Analyst Commentary Recent Street research has leaned cautious on Paychex, with new coverage framing recent moves, including the Paycor stake, as largely defensive rather than a clear growth accelerator.

PAYX: AI And Buybacks Will Counter Defensive Competitive Pressures Over Time

Analysts have trimmed their Paychex price target slightly to about $119 per share, reflecting modest adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions following new bearish coverage that characterizes recent competitive moves as largely defensive. Analyst Commentary Recent research frames the latest competitive response, including the Paycor related move, as more defensive than opportunistic.

PAYX: AI And Buybacks Will Support Resilient Future Cash Flow Profile

Analysts have trimmed their average Paychex price target slightly to about $119.53 from roughly $120.20, reflecting a modestly lower assumed future P/E and fresh bearish initiation commentary that characterizes the recent Paycor acquisition as a largely defensive move. Analyst Commentary Recent commentary focuses heavily on the Paycor acquisition and how it feeds into expectations for Paychex valuation and execution.

PAYX: AI And Platform Partnerships Will Support Resilient Cash Flow Profile

Analysts have trimmed their Paychex fair value estimate from about US$122 to roughly US$120, reflecting slightly softer revenue growth assumptions, a modestly lower future P/E and a mild uptick in the discount rate after recent bearish initiations on the stock. Analyst Commentary Recent research has focused on the implications of Paychex's move toward Paycor and how that fits with the current fair value reassessment.

PAYX: Broader Suite And AI Will Confront Cyclical Labor And Rate Risks

Analysts have made a modest upward adjustment to their price target on Paychex, pointing to the broader solution suite following the Paycor acquisition, while also flagging cyclical risks tied to potential revenue softness if unemployment rises and interest rates move lower. Analyst Commentary Bullish Takeaways Bullish analysts point to the Paycor acquisition as a way for Paychex to offer a broader and more comprehensive suite of solutions, which they see as supportive of the current valuation range.

Should You Investigate Paychex, Inc. (NASDAQ:PAYX) At US$111?

Jan 07
Should You Investigate Paychex, Inc. (NASDAQ:PAYX) At US$111?

PAYX: AI And Suite Expansion Will Navigate Cyclical Labor Uncertainty Ahead

Analysts have modestly reduced their Paychex fair value estimate by about $6 to roughly $122 per share, reflecting tempered expectations for revenue growth and future valuation multiples, despite resilient margins and a broader solution suite. Analyst Commentary Street research on Paychex reflects a generally balanced stance, with most firms maintaining neutral or modestly cautious ratings while making incremental target price adjustments.

PAYX: Acquisition Synergy Will Support Suite Expansion Amid Cyclical Labor Market Uncertainty

Analysts modestly reduced their fair value estimate for Paychex to approximately $128 from about $134 per share, citing slightly softer assumptions for long term revenue growth, profit margins, and valuation multiples amid heightened macroeconomic and labor market uncertainty. Analyst Commentary Street research on Paychex reflects a generally cautious, wait and see stance, with most firms maintaining neutral or Hold type ratings while trimming price targets.

PAYX: Acquisition Synergy Will Boost Solution Suite And Support Margin Resilience

The analyst price target for Paychex has edged down slightly, with the fair value estimate decreasing by $0.57 to $134.14. Analysts cite ongoing macroeconomic concerns and mixed signals from recent earnings results as key factors behind the adjustment.

PAYX: Acquisition Will Drive Broader Solution Suite And Support Margins Going Forward

The analyst price target for Paychex has shifted slightly lower, down by $0.52 to $134.71. Analysts see a stable but cautious outlook due to ongoing macroeconomic concerns and modest revenue growth expectations.

Analyst Commentary Highlights Balanced Views on Paychex Amid Subtle Valuation and Growth Adjustments

The analyst price target for Paychex edged up slightly to $135.23 from $135.15, as analysts balanced lower organic growth expectations and macroeconomic uncertainty with the company's resilient margins and cash flow profile. Analyst Commentary Analyst opinions on Paychex reflect a range of perspectives, balancing the company’s strong margins and free cash flow with concerns about cyclical pressures and growth variability.

Paycor Acquisition And AI Tools Will Redefine HCM Solutions

The analyst price target for Paychex has been lowered from approximately $145.08 to $135.15. Analysts cite ongoing revenue growth headwinds, a premium valuation, and a balanced risk/reward outlook in a challenging operating environment.

Paycor Acquisition And AI Tools Will Redefine HCM Solutions

Paychex’s consensus price target was revised slightly lower to $145.08 as analysts cite slower organic revenue growth, lack of FY26 guidance clarity, and a subdued sector outlook amid macroeconomic headwinds, suggesting shares may remain range-bound. Analyst Commentary Slower organic revenue growth in Management Solutions, partly attributed to integration distractions, is weighing on near-term performance and expectations.

Paycor Acquisition And AI Tools Will Redefine HCM Solutions

Paychex’s analyst price target remained unchanged at $147.33 as mixed sentiment—driven by weaker-than-expected Q4 results, softer revenue growth, integration concerns surrounding the Paycor deal, and uncertainty over FY26 projections—was offset by a stable client base and resilient underlying demand. Analyst Commentary Bearish analysts highlight weaker-than-expected Q4 and softer organic revenue growth, with Paychex’s fiscal 2026 guidance falling below investor expectations.

Investor Optimism Abounds Paychex, Inc. (NASDAQ:PAYX) But Growth Is Lacking

Sep 02
Investor Optimism Abounds Paychex, Inc. (NASDAQ:PAYX) But Growth Is Lacking

The Returns On Capital At Paychex (NASDAQ:PAYX) Don't Inspire Confidence

Aug 04
The Returns On Capital At Paychex (NASDAQ:PAYX) Don't Inspire Confidence

Calculating The Intrinsic Value Of Paychex, Inc. (NASDAQ:PAYX)

Jul 11
Calculating The Intrinsic Value Of Paychex, Inc. (NASDAQ:PAYX)

Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Jun 18
Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Paychex's (NASDAQ:PAYX) Upcoming Dividend Will Be Larger Than Last Year's

May 07
Paychex's (NASDAQ:PAYX) Upcoming Dividend Will Be Larger Than Last Year's

Paychex: Accelerating Growth With Paycor

Mar 24

Paychex Inc: The Paycor Acquisition Could Be A Game Changer

Jan 25

Paychex Writes A Fat Check For Paycor HCM

Jan 08

Paychex: Payrolling In Profits, But Valuation Could Use A Check

Dec 20

Paychex Q1: Did Not Put Me Over The Fence

Oct 02

Paychex: Steady But Unspectacular Returns Likely

Sep 12

이익 및 매출 성장 예측

NasdaqGS:PAYX - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
5/31/20287,2422,2032,5792,70612
5/31/20276,8671,9982,3412,63518
5/31/20266,5101,7732,2902,52918
2/28/20266,3341,6372,0902,320N/A
11/30/20256,0341,5961,9962,223N/A
8/31/20255,7931,6141,8612,073N/A
5/31/20255,5721,6571,7091,901N/A
2/28/20255,4401,7401,6061,779N/A
11/30/20245,3701,7191,5701,735N/A
8/31/20245,3111,6991,5931,751N/A
5/31/20245,2781,6901,7361,898N/A
2/29/20245,2131,6611,9272,093N/A
11/30/20235,1551,6301,8341,991N/A
8/31/20235,0871,5971,8842,035N/A
5/31/20235,0071,5571,5631,706N/A
2/28/20234,9221,5031,4951,626N/A
11/30/20224,8171,4671,5351,670N/A
8/31/20224,7351,4381,3501,484N/A
5/31/20224,6121,3931,4561,590N/A
2/28/20224,4971,3591,4311,558N/A
11/30/20214,3321,2791,2601,385N/A
8/31/20214,2081,2201,3071,431N/A
5/31/20214,0571,0981,1421,260N/A
2/28/20213,9431,0551,1371,259N/A
11/30/20203,9741,0591,1851,307N/A
8/31/20203,9811,0461,2401,361N/A
5/31/20204,0411,0981,3141,441N/A
2/29/20204,1061,1081,1741,301N/A
11/30/20194,0341,078N/A1,339N/A
8/31/20193,9021,055N/A1,293N/A
5/31/20193,7731,034N/A1,272N/A
2/28/20193,6381,022N/A1,310N/A
11/30/20183,5041,064N/A1,254N/A
8/31/20183,4481,027N/A1,207N/A
5/31/20183,378994N/A1,276N/A
2/28/20183,331972N/A1,180N/A
11/30/20173,190807N/A1,066N/A
8/31/20173,159810N/A1,009N/A
5/31/20173,153826N/A960N/A
2/28/20173,107800N/A996N/A
11/30/20163,063778N/A1,012N/A
8/31/20163,014765N/A1,035N/A
5/31/20162,952757N/A1,018N/A
2/29/20162,890740N/A994N/A
11/30/20152,842729N/A910N/A
8/31/20152,796713N/A910N/A
5/31/20152,740675N/A895N/A

애널리스트 향후 성장 전망

수입 대 저축률: PAYX 의 연간 예상 수익 증가율(10.8%)이 saving rate(3.4%)보다 높습니다.

수익 vs 시장: PAYX 의 연간 수익(10.8%)이 US 시장(15.8%)보다 느리게 성장할 것으로 예상됩니다.

고성장 수익: PAYX 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.

수익 대 시장: PAYX 의 수익(연간 5.4%)이 US 시장(연간 11.1%)보다 느리게 성장할 것으로 예상됩니다.

고성장 매출: PAYX 의 수익(연간 5.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: PAYX의 자본 수익률은 3년 후 44.9%로 매우 높을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/01 09:33
종가2026/05/01 00:00
수익2026/02/28
연간 수익2025/05/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
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주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

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산업 및 섹터 지표

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분석가 소스

Paychex, Inc.는 35명의 분석가가 다루고 있습니다. 이 중 18명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
null nullArgus Research Company
Mark MarconBaird
Lisa Dejong EllisBernstein