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.

Revenue
+5.88%
EPS
+13.1%
Free cash flow
−46.1%
Total debt
−8.27%

Quarter to August 2026, against a year earlier

117.10 2.40 −2.01%
Market cap
$42.5B
P/E
23.6×
Fwd P/E
20.4×
Dividend yield
4.81%
F-score
6/9
Altman Z
2.88
Beneish M
−2.65
Dividend safety
60/100

Paychex, Inc. (PAYX) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Paychex, Inc. (PAYX) trades at a P/E ratio of 23.6×. Over the past ten years it has ranged from 16.3× (March 2020) to 38.8× (August 2021); the current reading is higher than 13% of that period. That is below the Software Application industry median of 25.9× and below the Technology sector median of 25.7×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2026 20.9× (39.07%)
FY2025 34.2× 33.92%
FY2024 25.6× 5.26%
FY2023 24.3× (24.29%)
FY2022 32.1× (3.11%)
FY2021 33.1× 41.28%
FY2020 23.4× (21.32%)
FY2019 29.8× 31.38%
FY2018 22.7× (13.48%)
FY2017 26.2× 1.02%

Quarterly newest first

Period P/E ratio Change
Aug 2026 25.2× 20.86%
May 2026 20.9× 0.72%
Feb 2026 20.7× (16.99%)
Nov 2025 25.0× (17.78%)
43 more quarters

Against its own ten years

Low 16.3× High 38.8×
Ten-year median 27.2×
Current reading's percentile 14

P/E ratio against peers

Company P/E ratio
MSTR Strategy Inc compare n/m
TEAM Atlassian Corporation PLC compare n/m
ZM Zoom Communications, Inc. compare 8.1×
ROP Roper Technologies, Inc. compare 19.3×
PAYX Paychex, Inc. 23.6×
ADSK Autodesk, Inc. compare 34.7×
WDAY Workday, Inc. compare 40.2×
BSP Bending Spoons S.p.A. compare 165×
DDOG Datadog, Inc. compare 237×
Software Application industry median 25.9×
Technology sector median 25.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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