Paychex, Inc.

PAYX Technology Software Application

Paychex, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $6.5 billion, up 16.9% from fiscal 2025. In the quarter to August 2026, revenue grew 5.88%, EPS grew 13.1%, free cash flow fell 46.1% and total debt fell 8.27%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for five; insiders bought in the last twelve months.

111.63 0.85 +0.77%
Market cap
$39.4B
P/E
22.1×
Fwd P/E
17.9×
Dividend yield
4.07%
F-score
6/9
Altman Z
2.88
Beneish M
−2.65
Dividend safety
60/100

Paychex, Inc. (PAYX) EV/Sales

Alert me on EV/Sales

As of 16 October 2026, Paychex, Inc. (PAYX) trades at a EV/Sales of 6.6×. Over the past ten years it has ranged from 4.4× (March 2020) to 11.4× (December 2021); the current reading is higher than 24% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.7×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2026 6.2× (42.17%)
FY2025 10.8× 33.52%
FY2024 8.1× 9.18%
FY2023 7.4× (22.92%)
FY2022 9.6× 7.77%
FY2021 8.9× 40.25%
FY2020 6.3× (22.61%)
FY2019 8.2× 19.38%
FY2018 6.9× 2.81%
FY2017 6.7× 2.58%

Quarterly newest first

Period EV/Sales Change
Aug 2026 7.5× 19.87%
May 2026 6.2× 6.78%
Feb 2026 5.8× (18.42%)
Nov 2025 7.1× (20.69%)
43 more quarters

Against its own ten years

Low 4.4× High 11.4×
Ten-year median 7.6×
Current reading's percentile 18

EV/Sales against peers

Company EV/Sales
ZM Zoom Communications, Inc. compare 4.1×
SSNC SS&C Technologies Holdings, Inc. compare 4.1×
WDAY Workday, Inc. compare 4.6×
ROP Roper Technologies, Inc. compare 6.0×
ADSK Autodesk, Inc. compare 6.2×
PAYX Paychex, Inc. 6.6×
PTC PTC Inc. compare 7.9×
TEAM Atlassian Corporation PLC compare 8.1×
MSTR Strategy Inc compare 105×
Software Application industry median 2.6×
Technology sector median 2.7×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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