Paychex, Inc. PAYX
101.37
(0.22)
(0.22%)
as of 25 Sep
- Market cap
- $36.0B
- P/E
- 20.1×
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S&P 500 Member
Dividend Champion (10y)
Cash Flow Champion (5y)
Revenue Champion (10y)
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Paychex, Inc. (PAYX) P/S ratio
As of 25 September 2026, Paychex, Inc. (PAYX) trades at a P/S ratio of 5.5×. Over the past ten years it has ranged from 4.4× (March 2020) to 11.4× (December 2021); the current reading is higher than 3% of that period. That is above the Software Application industry median of 2.7× and above the Technology sector median of 2.9×.
P/S ratio, daily
Annual
| Period | P/S ratio | Change |
|---|---|---|
| FY2026 | 5.6× | (44.55%) |
| FY2025 | 10.2× | 24.14% |
| FY2024 | 8.2× | 8.60% |
| FY2023 | 7.6× | (22.00%) |
| FY2022 | 9.7× | 8.07% |
| FY2021 | 9.0× | 40.34% |
| FY2020 | 6.4× | (21.85%) |
| FY2019 | 8.2× | 17.19% |
| FY2018 | 7.0× | 3.13% |
| FY2017 | 6.8× | 2.02% |
Quarterly
| Period | P/S ratio | Change |
|---|---|---|
| Aug 2026 | 6.9× | 21.55% |
| May 2026 | 5.6× | 5.77% |
| Feb 2026 | 5.3× | (18.93%) |
| Nov 2025 | 6.6× | (22.09%) |
| 43 more quarters | Free account |
Against its own ten years
Low 4.4×
High 11.4×
Ten-year median
7.7×
Current reading's percentile
3
P/S ratio against peers
| Company | P/S ratio |
|---|---|
| SSNC SS&C Technologies Holdings, Inc. compare | 2.9× |
| ROP Roper Technologies, Inc. compare | 4.3× |
| WDAY Workday, Inc. compare | 4.6× |
| ZM Zoom Communications, Inc. compare | 5.3× |
| PAYX Paychex, Inc. | 5.5× |
| ADSK Autodesk, Inc. compare | 5.6× |
| TEAM Atlassian Corporation PLC compare | 7.4× |
| FICO Fair Isaac Corporation compare | 8.2× |
| MSTR Strategy Inc compare | 112× |
| Software Application industry median | 2.7× |
| Technology sector median | 2.9× |
| Market median | 2.0× |
What P/S ratio is
Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.
(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)
More on PAYX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement