Paychex, Inc.

NasdaqGS:PAYX Voorraadrapport

Marktkapitalisatie: US$33.7b

Paychex Toekomstige groei

Future criteriumcontroles 2/6

Paychex zal naar verwachting groeien in winst en omzet met respectievelijk 10.8% en 5.4% per jaar. De winst per aandeel zal naar verwachting groeien met 10.9% per jaar. Het rendement op het eigen vermogen zal over 3 jaar naar verwachting 44.9% zijn.

Belangrijke informatie

10.8%

Groei van de winst

10.95%

Groei van de winst per aandeel

Professional Services winstgroei15.5%
Inkomstengroei5.4%
Toekomstig rendement op eigen vermogen44.86%
Dekking van analisten

Good

Laatst bijgewerkt01 May 2026

Recente toekomstige groei-updates

Recent updates

Analyse-update • Apr 27

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.
Analyse-update • Apr 10

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.
Seeking Alpha • Apr 09

Paychex: Staying Neutral Because Of Near-Term Growth Concerns

Summary Paychex (PAYX) is rated Hold as core growth remains subdued despite promising Paycor integration and outsourcing momentum. Integration of Paycor is progressing well, with cross-selling and larger ASO/PEO wins supporting potential revenue synergies and a structurally improved growth profile. Outsourcing and PEO segments are showing solid growth and retention, but these remain a small portion of overall revenues. Valuation is at a premium to peers due to high margins, but further re-rating is unlikely without clear evidence of accelerating organic growth. Read the full article on Seeking Alpha
Nieuwe analyse • Mar 28

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?
Analyse-update • Mar 27

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.
Nieuwe analyse • Mar 13

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?
Analyse-update • Mar 12

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.
Analyse-update • Feb 26

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.
Analyse-update • Feb 11

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.
Analyse-update • Jan 27

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.
Analyse-update • Jan 11

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.
Analyse-artikel • Jan 07

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

Let's talk about the popular Paychex, Inc. ( NASDAQ:PAYX ). The company's shares received a lot of attention from a...
Analyse-update • Dec 25

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.
Analyse-update • Dec 11

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.
Analyse-update • Nov 27

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.
Analyse-update • Nov 05

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.
Analyse-update • Oct 22

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.
Analyse-update • Oct 08

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.
Analyse-update • Sep 23

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.
Analyse-update • Sep 04

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.
Analyse-artikel • Sep 02

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

With a price-to-earnings (or "P/E") ratio of 30.3x Paychex, Inc. ( NASDAQ:PAYX ) may be sending very bearish signals at...
Analyse-artikel • Aug 04

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

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analyse-artikel • Jul 11

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

Key Insights The projected fair value for Paychex is US$145 based on 2 Stage Free Cash Flow to Equity Current share...
Analyse-artikel • Jun 18

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

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Seeking Alpha • Mar 24

Paychex: Accelerating Growth With Paycor

Summary Paychex shares trade at a premium, supported by organic growth and the Paycor acquisition, despite economic cyclicality concerns. Paychex's technology-driven growth in human capital management targets a $90 billion market, with strong client retention and consistent revenue growth. The Paycor acquisition adds 50,000 larger clients, with huge synergy potential amidst lackluster margins reported. At 27 times earnings, Paychex must deliver on integration and synergies. I'm waiting for more impact clues before reconsidering my neutral stance. Read the full article on Seeking Alpha
Seeking Alpha • Jan 25

Paychex Inc: The Paycor Acquisition Could Be A Game Changer

Summary I recommend a buy rating for Paychex Inc. (PAYX) due to its transformative acquisition of PYCR, expanding its TAM and cross-selling opportunities. The acquisition increases PAYX's TAM by ~$10 billion, targeting mid-market clients and leveraging AI-powered HR tools for significant productivity gains. Financial synergies include $80 million in cost savings and substantial cross-selling opportunities, potentially accelerating revenue growth to high single digits or low teens. Despite the $4.1 billion price tag, the valuation is reasonable, and successful integration could narrow PAYX's valuation discount relative to peers, offering upside potential. Read the full article on Seeking Alpha
Seeking Alpha • Jan 08

Paychex Writes A Fat Check For Paycor HCM

Summary Paychex's acquisition of Paycor HCM for $22.50 per share led to a 3% drop in Paycor's stock, reflecting market disappointment. Despite the drop, Paychex's management expects $80 million in annual run-rate synergies and additional revenue synergies from the deal. PAYX shares have underperformed the S&P 500, but the company's fundamentals are strong, though its stock remains expensive. I maintain a 'hold' rating for Paychex and recommend a 'sell' for PYCR due to limited additional upside. Read the full article on Seeking Alpha
Seeking Alpha • Dec 20

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

Summary Paychex's Q2 2025 results exceeded expectations, driven by strong growth in PEO and Insurance Solutions, and a focus on AI-driven solutions and HR analytics. Despite a solid outlook for FY 2025, risks include a moderating job market and increasing competition in the HR and payroll services industry. The company's valuation is high, trading at a premium to historical and peer group multiples, making it difficult to justify paying current prices for the stock. Given the strong fundamentals but expensive valuation, I rate Paychex a 'hold'. Investors may want to avoid the stock for now. Read the full article on Seeking Alpha
Seeking Alpha • Oct 02

Paychex Q1: Did Not Put Me Over The Fence

Summary Paychex's Q1 earnings showed slight revenue and EPS growth, but not enough to change my hold rating due to the lack of significant catalysts. The expiration of the ERTC program impacted revenue growth and margins, but the company remains financially strong with substantial cash reserves. New offerings like Paychex Flex Engage and AI-driven recruiting co-pilot show innovation, but are hard to quantify in terms of sales impact. I am waiting for further margin improvements and revenue catalysts before considering an investment; maintaining a hold rating on PAYX stock for now. Read the full article on Seeking Alpha

Winst- en omzetgroeiprognoses

NasdaqGS:PAYX - Toekomstschattingen van analisten en financiële gegevens uit het verleden (USD Millions )
DatumInkomstenInkomstenVrije kasstroomGeldmiddelen uit operationele activiteitenGem. Aantal analisten
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

Toekomstige groeivoorspellingen analisten

Verdiensten versus spaarpercentage: De verwachte winstgroei PAYX ( 10.8% per jaar) ligt boven de spaarquote ( 3.5% ).

Winst versus markt: De winst van PAYX ( 10.8% per jaar) zal naar verwachting langzamer groeien dan de markt US ( 16.7% per jaar).

Hoge groeiwinsten: De winst van PAYX zal naar verwachting groeien, maar niet aanzienlijk.

Omzet versus markt: De omzet van PAYX ( 5.4% per jaar) zal naar verwachting langzamer groeien dan de markt US ( 11.6% per jaar).

Hoge groei-inkomsten: De omzet van PAYX ( 5.4% per jaar) zal naar verwachting langzamer groeien dan 20% per jaar.

Groeiprognoses winst per aandeel

Toekomstig rendement op eigen vermogen

Toekomstige ROE: Het rendement op eigen vermogen PAYX zal naar verwachting over 3 jaar zeer hoog zijn ( 44.9 %).

Ontdek groeibedrijven

7D

1Y

7D

1Y

7D

1Y

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2026/05/11 16:14
Aandelenkoers aan het einde van de dag2026/05/08 00:00
Inkomsten2026/02/28
Jaarlijkse inkomsten2025/05/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

Paychex, Inc. wordt gevolgd door 35 analisten. 18 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
null nullArgus Research Company
Mark MarconBaird
Lisa Dejong EllisBernstein