analyzeportfolio
Nasdaq · Industrials

PAYCHEX INC (PAYX)

As-reported financials and SEC filings for PAYCHEX INC. The latest annual period is FY2026. The latest reported quarter is Q4 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About PAYCHEX INC

Paychex Inc provides human capital management solutions including payroll processing, human resources, employee benefits, insurance, and compliance services. The company serves approximately 800,000 clients and their employees across the U.S. and parts of Europe, offering cloud-based platforms and advisory support tailored to businesses of various sizes. Its services cover the full employee life cycle from hiring to retirement and include payroll, talent acquisition, workforce management, and benefits administration.

Snapshot

Revenue
$6.30B
Revenue growth (YoY)
16.5%
Net income
$1.76B
Diluted EPS
$4.89
Gross margin
73.4%
Operating margin
39.8%
Net margin
27.9%
FCF margin
36.8%
ROE
47.1%
net income / fiscal-year-end equity
P/E
25.7×
trailing when available, otherwise FY EPS
Market cap
$44.69B
Long-term debt / equity
1.22×
non-current term debt only

Fundamentals are from SEC filings for FY2026, the latest annual period (ended May 31, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Paychex

  • Revenue grew 16.5% to $6.3B in FY2026, faster than the 5.4% the year before.
  • Operating margin is 39.8% in FY2026, -0.6 pp against 40.4% in FY2022.
  • Most recent quarter Q4 FY2026: revenue $1.6B, up 12.4% from Q4 FY2025.
  • Free cash flow was $2.3B in FY2026, 36.8% of revenue.
  • Net income rose 6.2% to $1.8B in FY2026.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Paychex’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin73.4%
96th percentile of 466
Operating margin39.8%
97th percentile of 605
Net margin27.9%
96th percentile of 645
FCF margin36.8%
99th percentile of 562
Revenue growth (YoY)+16.5%
78th percentile of 668
ROE47.1%
97th percentile of 600
P/E25.7×
53rd percentile of 434
Long-term debt / equity1.22×
83rd percentile of 409
Short interest8.23d
93rd percentile of 676

Paychex’s FCF margin of 36.8% ranks in the 99th percentile of the 562 Industrials companies reporting it. Paychex’s operating margin of 39.8% ranks in the 97th percentile of the 605 Industrials companies reporting it. Paychex’s return on equity of 47.1% ranks in the 97th percentile of the 600 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 4 insider sales totaling $3.7M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$589.9M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$229.1M2.3MAdded
AQR Capital ManagementquantQ2 2026$200.6M2.0MAdded
Gotham Asset ManagementQ2 2026$74.4M757.1KAdded
Citadel AdvisorsquantQ2 2026$42.5M432.4KAdded
Renaissance TechnologiesquantQ2 2026$21.5M218.5KReduced
Markel GroupQ2 2026$14.7M150.0KHeld
Two Sigma InvestmentsquantQ2 2026$6.5M66.4KAdded
Point72 Asset ManagementquantQ2 2026$511,3165.2KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
4
$3.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-20
filed 2026-07-21
Schrader Robert L.Sr. VP, CFOSell2.6K$115.09$299K
2026-07-17
Simmons Christopher CVP, Controller & TreasurerSell2.6K$115.92$303K
2026-07-14
filed 2026-07-15
MUCCI MARTINDirectorSell25.0K$109.93$2.7M
2026-06-26
filed 2026-06-30
TUCCI JOSEPH MDirectorSell3.9K$98.25$384K
2026-05-13
filed 2026-05-15
Roaldsen ElizabethSr. Vice PresidentSell459$90.00$41K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
19.2M
settled 2026-08-14
Change vs prior
-4.5%
vs previous settlement
Days to cover
8.23
at avg daily volume
Avg daily volume
2.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1419.2M-4.5%8.23
2026-07-3120.1M+4.7%5.60
2026-07-1519.2M-5.6%6.66
2026-06-3020.4M-1.2%4.45
2026-06-1520.6M+3.0%7.00
2026-05-2920.0M-2.3%6.66
2026-05-1520.5M+7.0%6.37
2026-04-3019.1M-6.0%6.02

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2026FY2025FY2024FY2023FY2022
Revenue$6.30B$5.41B$5.13B$4.91B$4.55B
Gross profit$4.63B$3.87B$3.65B$3.45B$3.20B
Operating income$2.51B$2.21B$2.17B$2.03B$1.84B
Net income$1.76B$1.66B$1.69B$1.56B$1.39B
Diluted EPS$4.89$4.58$4.67$4.30$3.84

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2026FY2025FY2024FY2023FY2022
Operating cash flow$2.56B$1.90B$1.90B$1.71B$1.59B
Capital expenditure$234.9M$191.8M$161.4M$143.0M$133.8M
Free cash flow$2.32B$1.71B$1.74B$1.56B$1.46B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q4 FY2026$1.55B12.4%$420.6M$1.17
Q3 FY2026$1.75B19.5%$560.3M$1.56
Q2 FY2026$1.50B17.4%$395.4M$1.10
Q1 FY2026$1.49B16.5%$383.8M$1.06
Q4 FY2025$1.38B10.0%$297.2M$0.82
Q3 FY2025$1.47B$519.3M$1.43
Q2 FY2025$1.28B$413.4M$1.14
Q1 FY2025$1.28B2.2%$427.4M$1.18

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryServices-Engineering, Accounting, Research, Management
Latest annual periodFY2026 (ended May 31, 2026)
Latest reported quarterQ4 FY2026 (ended May 31, 2026)
Oldest indexed filing2012
SEC CIK723531

Selected SEC filings

10-K2026-07-17
View on EDGAR →
10-K2025-07-11
View on EDGAR →
10-Q2026-03-26
View on EDGAR →
10-Q2025-12-22
View on EDGAR →
10-Q2025-09-30
View on EDGAR →
10-Q2025-03-26
View on EDGAR →
8-K2026-07-21
View on EDGAR →
8-K2026-06-24
View on EDGAR →

Largest Industrials peers

All Industrials companies →

Monitor PAYX

Get an alert when Paychex files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor PAYX free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.