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Paychex (CH:PCX)
NASDAQ:PCX

Paychex (PCX) Price & Analysis

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PCX Stock Chart & Stats

Currently, no data available
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Bulls Say, Bears Say

Bulls Say
Cash GenerationConsistent high cash conversion and rising operating cash flow provide durable internal funding for dividends, buybacks, M&A and reinvestment. With free cash flow near 90% of net income and FCF of ~$2.3B, Paychex has structural flexibility to sustain shareholder returns and invest in growth initiatives.
Margin DurabilitySustained, high operating margins reflect pricing power and scalable service economics across payroll and HCM offerings. Durable margins support reinvestment in product development and sales, underpin free cash flow generation, and give room for selective client acquisition without sacrificing profitability.
Scale & Product DifferentiationExecution of Paycor integration and >$100M synergies plus rollout of WISE AI (hundreds of features) materially increase scale, automation and product differentiation. These structural improvements enhance cross-sell, raise switching costs, and expand addressable market sustainably over the medium term.
Bears Say
Guidance SlowdownManagement's FY27 revenue guide marks a meaningful deceleration from FY26's double-digit growth, reflecting normalization after acquisition tailwinds. Slower top-line expansion limits operating leverage potential, raises execution risk on cross-sell initiatives, and extends the timeline for meaningful organic growth acceleration.
Interest-on-funds SensitivityInterest income on client float is structurally sensitive to Fed policy and portfolio timing; an expected decline reduces a relatively stable non-service revenue stream. Persistently lower float income would compress overall revenue diversification and force greater reliance on service fees and cross-sell to sustain growth and margins.
Debt Volatility & Leverage UncertaintyAn unusually large year-over-year debt swing creates comparability and normalization uncertainty. Despite strong cash flow, meaningful outstanding borrowings (~$4.6B noted in the quarter) and balance-sheet volatility can complicate forecasting, constrain strategic flexibility, and elevate refinancing or covenant risks under adverse conditions.

Paychex News

PCX FAQ

What was Paychex’s price range in the past 12 months?
Currently, no data Available
What is Paychex’s market cap?
Paychex’s market cap is CHF32.96B.
    When is Paychex’s upcoming earnings report date?
    Paychex’s upcoming earnings report date is Sep 30, 2026 which is in 71 days.
      How were Paychex’s earnings last quarter?
      Paychex released its earnings results on Jun 24, 2026. The company reported $1.067 earnings per share for the quarter, beating the consensus estimate of $1.054 by $0.012.
        Is Paychex overvalued?
        According to Wall Street analysts Paychex’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
          Does Paychex pay dividends?
          Paychex does not currently pay dividends.
          What is Paychex’s EPS estimate?
          Paychex’s EPS estimate is 1.07.
            How many shares outstanding does Paychex have?
            Currently, no data Available
            What happened to Paychex’s price movement after its last earnings report?
            Paychex reported an EPS of $1.067 in its last earnings report, beating expectations of $1.054. Following the earnings report the stock price went same N/A.
              Which hedge fund is a major shareholder of Paychex?
              Currently, no hedge funds are holding shares in CH:PCX
              What is the TipRanks Smart Score and how is it calculated?
              Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                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.

                Paychex (PCX) Earnings & Revenues

                PCX Revenue Breakdown

                74.75%74.75%22.01%3.24%
                74.75% Management Solutions
                22.01% PEO and Insurance Solutions
                3.24% Interest on funds held for clients
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                PCX Stock 12 Month Forecast

                Average Price Target

                $84.84
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