Paychex, Inc.

NasdaqGS:PAYX Stock Report

Market Cap: US$54.3b

Paychex Future Growth

Future criteria checks 2/6

Paychex is forecast to grow earnings and revenue by 6.4% and 5.4% per annum respectively. EPS is expected to grow by 6.5% per annum. Return on equity is forecast to be 39.1% in 3 years.

Key information

6.4%

Earnings growth rate

6.5%

EPS growth rate

Professional Services earnings growth16.8%
Revenue growth rate5.4%
Future return on equity39.1%
Analyst coverage

Good

Last updated02 Feb 2025

Recent future growth updates

Paychex, Inc. (NASDAQ:PAYX) Annual Results: Here's What Analysts Are Forecasting For This Year

Jun 28
Paychex, Inc. (NASDAQ:PAYX) Annual Results: Here's What Analysts Are Forecasting For This Year

Paychex, Inc. (NASDAQ:PAYX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Apr 04
Paychex, Inc. (NASDAQ:PAYX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Recent updates

Paychex Inc: The Paycor Acquisition Could Be A Game Changer

Jan 25

Investors Shouldn't Overlook The Favourable Returns On Capital At Paychex (NASDAQ:PAYX)

Jan 14
Investors Shouldn't Overlook The Favourable Returns On Capital At Paychex (NASDAQ:PAYX)

Paychex Writes A Fat Check For Paycor HCM

Jan 08

Is Now The Time To Look At Buying Paychex, Inc. (NASDAQ:PAYX)?

Jan 02
Is Now The Time To Look At Buying Paychex, Inc. (NASDAQ:PAYX)?

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

Dec 20

With EPS Growth And More, Paychex (NASDAQ:PAYX) Makes An Interesting Case

Dec 13
With EPS Growth And More, Paychex (NASDAQ:PAYX) Makes An Interesting Case

There's Reason For Concern Over Paychex, Inc.'s (NASDAQ:PAYX) Price

Nov 19
There's Reason For Concern Over Paychex, Inc.'s (NASDAQ:PAYX) Price

Capital Investment Trends At Paychex (NASDAQ:PAYX) Look Strong

Oct 14
Capital Investment Trends At Paychex (NASDAQ:PAYX) Look Strong

Paychex Q1: Did Not Put Me Over The Fence

Oct 02

Is Paychex, Inc. (NASDAQ:PAYX) Potentially Undervalued?

Sep 21
Is Paychex, Inc. (NASDAQ:PAYX) Potentially Undervalued?

Paychex: Steady But Unspectacular Returns Likely

Sep 12

Does Paychex (NASDAQ:PAYX) Deserve A Spot On Your Watchlist?

Aug 27
Does Paychex (NASDAQ:PAYX) Deserve A Spot On Your Watchlist?

Paychex: A Reliable Buy For Growing Dividend Checks Now

Aug 21

Paychex, Inc. (NASDAQ:PAYX) Shares Could Be 33% Below Their Intrinsic Value Estimate

Aug 15
Paychex, Inc. (NASDAQ:PAYX) Shares Could Be 33% Below Their Intrinsic Value Estimate

Here's What Paychex's (NASDAQ:PAYX) Strong Returns On Capital Mean

Jul 11
Here's What Paychex's (NASDAQ:PAYX) Strong Returns On Capital Mean

Paychex: A Model Of Consistency

Jul 07

Paychex, Inc. (NASDAQ:PAYX) Annual Results: Here's What Analysts Are Forecasting For This Year

Jun 28
Paychex, Inc. (NASDAQ:PAYX) Annual Results: Here's What Analysts Are Forecasting For This Year

Paychex: Uncertainties Ahead Are Keeping Me On The Sidelines

Jun 21

Is Now The Time To Look At Buying Paychex, Inc. (NASDAQ:PAYX)?

Jun 03
Is Now The Time To Look At Buying Paychex, Inc. (NASDAQ:PAYX)?

Paychex (NASDAQ:PAYX) Will Pay A Larger Dividend Than Last Year At $0.98

May 04
Paychex (NASDAQ:PAYX) Will Pay A Larger Dividend Than Last Year At $0.98

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

Apr 28
Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Paychex: Scoop Up This Dividend Growth Stock Now

Apr 10

Paychex, Inc. (NASDAQ:PAYX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Apr 04
Paychex, Inc. (NASDAQ:PAYX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Paychex (NASDAQ:PAYX) Might Become A Compounding Machine

Apr 02
Paychex (NASDAQ:PAYX) Might Become A Compounding Machine

Are Investors Undervaluing Paychex, Inc. (NASDAQ:PAYX) By 29%?

Mar 21
Are Investors Undervaluing Paychex, Inc. (NASDAQ:PAYX) By 29%?

Paychex: A Wonderful Business, But Waiting For A Better Entry Point

Mar 21

Should You Think About Buying Paychex, Inc. (NASDAQ:PAYX) Now?

Feb 14
Should You Think About Buying Paychex, Inc. (NASDAQ:PAYX) Now?

Paychex: A Dividend Grower Priced At A Discount

Feb 12

Paychex, Inc.: Cash Generating Machine Trading At Cheap Valuation

Jan 17

Earnings and Revenue Growth Forecasts

NasdaqGS:PAYX - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
5/31/20276,1592,0372,2532,35410
5/31/20265,8231,9182,1052,22415
5/31/20255,5191,8101,7471,98315
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
11/30/20194,0341,0781,2161,339N/A
8/31/20193,9021,0551,1671,293N/A
5/31/20193,7731,0341,1481,272N/A
2/28/20193,6381,0221,1901,310N/A
11/30/20183,5041,0641,1351,254N/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
2/28/20152,686660N/A868N/A
11/30/20142,633650N/A885N/A
8/31/20142,573636N/A877N/A
5/31/20142,519628N/A881N/A
2/28/20142,465605N/A775N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAYX's forecast earnings growth (6.4% per year) is above the savings rate (2.6%).

Earnings vs Market: PAYX's earnings (6.4% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: PAYX's earnings are forecast to grow, but not significantly.

Revenue vs Market: PAYX's revenue (5.4% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: PAYX's revenue (5.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PAYX's Return on Equity is forecast to be high in 3 years time (39.1%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 06:08
End of Day Share Price 2025/02/06 00:00
Earnings2024/11/30
Annual Earnings2024/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Paychex, Inc. is covered by 44 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Mark MarconBaird
Ishan MajumdarBaptista Research