Paychex (PCX) Stock Price & Analysis
PCX Stock Chart & Stats
- Day’s Range
- EUR 99.12 - EUR 100.78
- 52-Week Range
- EUR 73.63 - EUR 125.00
- Previous Close
- EUR 97.41
- Volume
- 171
- Average Volume (3M)
- 108
- Market Cap
- EUR 35.62B
- Enterprise Value
- EUR 49.04B
- Total Cash (Recent Filing)
- EUR 934.20M
- Total Debt (Recent Filing)
- EUR 4.62B
- Price to Earnings (P/E)
- 22.2
- Beta
- 0.19
- Next Earnings
- Dec 17, 2026 (Est.)
- EPS Estimate
- 1.14
- Last Dividend Ex-Date
- Oct 26, 2026
- Dividend Yield
- 3.98%
Bulls Say, Bears Say
Bulls Say
Durable Profitability And Cash Generation
Consistently high margins demonstrate strong operating economics, while free cash flow closely matching net income indicates quality earnings and dependable cash conversion. Together, these characteristics support ongoing investment, shareholder returns, and resilience across the next several quarters.
PEO Growth And Client Retention
Strong PEO employee growth combined with record retention strengthens recurring revenue visibility and client lifetime value. Continued adoption of PEO services also creates opportunities to expand Paychex's relationship with existing ASO clients and deepen its position in outsourced workforce administration.
Product Innovation And Automation
Broad AI deployment and measurable payroll-error prevention can improve service quality, operating efficiency, and product differentiation over time. These capabilities may strengthen Paychex's value proposition for SMB customers while supporting automation across its recurring HCM platform.
Bears Say
Material Increase In Leverage
The sharp increase in debt relative to equity represents a meaningful deterioration from Paychex's earlier balance-sheet profile. Although profitability remains strong, higher leverage can reduce financial flexibility, increase financing exposure, and constrain future capital allocation during weaker conditions.
Slowing Underlying Revenue Growth
Recent growth has slowed materially from the company's historical pattern, and the outlook points to moderate rather than accelerating expansion. A slower top line can limit operating leverage, make cross-selling execution more important, and place greater pressure on PEO and ancillary offerings to drive growth.
Employment And Healthcare-related Growth Constraints
Flat employment reduces the natural expansion of payroll and HCM volumes, while healthcare cost inflation and renewal uncertainty may pressure PEO economics and client choices. These factors could restrain organic growth and make benefits-related revenue less predictable over the coming quarters.
Paychex News
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Paychex Stock Smart Score
Company Description
Paychex
Founded in 1971 and headquartered in Rochester, New York, Paychex, Inc. delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance. Its diverse service portfolio includes: Payroll Management: Encompassing core payroll processing, payroll tax administration, employee payment facilitation, and ensuring compliance with regulations like new-hire reporting and garnishment processing. Human Resources Solutions: Providing support for employer compliance, HR and employee benefits administration, risk management outsourcing, and even the availability of professionally trained on-site HR representatives. Retirement Services: Offering full administration for retirement plans, which covers implementation, ongoing adherence to government regulations, reporting for both participants and employers, online access capabilities, electronic funds transfers, and other administrative tasks. Cloud-based HR Software: A suite of software products designed for efficient HR administration, including tools for benefits management, time and attendance tracking, digital communication, recruitment, and onboarding processes. Additional Business Services: This category features plan administration outsourcing, state unemployment insurance services, and various support functions for SMBs such as payroll funding and outsourcing (including payroll processing, invoicing, and tax preparation), payment processing solutions, financial wellness programs, and a resource center for small business loans. Insurance Offerings: Providing both property and casualty coverage, which includes workers' compensation, business-owner policies, cybersecurity protection, and commercial auto insurance, alongside health and benefits coverage like medical, dental, vision, and life insurance. Paychex primarily distributes its services through its dedicated direct sales team.
- Sector
- Technology
- Industry
- Staffing & Employment Services
- CEO
- John Gibson Jr.
- Employees
- 17,600
- Website
- www.paychex.com
- Address
- 911 Panorama Trail South, Rochester, NY, 14625-2396, US
Paychex (PCX) Earnings & Revenues
PCX Company Deck
PCX Earnings Call
Earnings Call SentimentPositive
The call was strongly positive. Paychex reported solid revenue, earnings and margin growth; raised PEO and Insurance Solutions guidance; achieved record PEO retention; and described strong momentum in advisory solutions, bookings, referrals, AI deployment and revenue synergies. The main cautions were a Management Solutions result slightly below expectations due to the favorable mix shift into PEO, a difficult second-quarter comparison, flat employment levels, health-care renewal uncertainty and continued heavy AI investment. Management remained confident in the strategy and full-year outlook.
View all DE:PCX earnings summariesPCX Net sales Breakdown
- 74.75% Management Solutions
- 22.01% PEO and Insurance Solutions
- 3.24% Interest on funds held for clients
PCX Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 17 | 3 | 2 |
| Technical Analysis | 5 | 3 | 2 |
| Moving Averages | 12 | 0 | 0 |