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PAYX

Paychex

IndustrialsProfessional ServicesS&P 500
Ticker PAYXROCHESTER, NYFiscal year ends MayBook value per share $10.39Diluted shares 356.6M

Paychex, Inc. (Nasdaq: PAYX) provides human capital management technology and advisory services in human resources, payroll, employee benefits, retirement, and insurance to businesses and their employees, primarily in the United States and parts of Europe. Its services range from payroll processing and cloud-based… From the company’s description.

In fiscal 2026, Paychex reported revenue of $6.51B, up 16.9% from fiscal 2025, and net income of $1.76B. Its operating margin was 38.6%, and operations generated $2.56B in cash. Over the twelve months to Aug 31, 2026, revenue was $6.60B.

Fiscal year 2026 · ends 05-31Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-08-31
Sales & profitability
$6.51BFY2026
+16.9% year over year
Last 12 mo $6.60B
38.55%FY2026
−1.1 percentage points
Last 12 mo 39.19%
$1.76BFY2026
+6.2% year over year
Last 12 mo $1.81B
47.12%FY2026
+7 percentage points
Cash & financing
$2.56BFY2026
+34.5% year over year
Last 12 mo $2.25B
$2.28BFY2026
+35.7% year over year
Last 12 mo $1.98B
1.22FY2026
Was 1.20× a year earlier
Last 12 mo 1.23
360.0MFY2026
−0.6% year over year
Last 12 mo 356.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Paychex does

In the company’s own words

Paychex, Inc. (Nasdaq: PAYX) provides human capital management technology and advisory services in human resources, payroll, employee benefits, retirement, and insurance to businesses and their employees, primarily in the United States and parts of Europe. Its services range from payroll processing and cloud-based workforce software to HR outsourcing through administrative services organization and professional employer organization arrangements. The company also provides 401(k) recordkeeping, benefits administration, and business and employee insurance. Its platforms include SurePayroll for self-service small businesses, Paychex Flex for small and medium-sized businesses, and Paycor for larger businesses with more complex needs. Paychex serves customers across industries, with approximately 840,000 total customers, including about 800,000 payroll clients, as of May 31, 2026. Its HR outsourcing solutions support approximately 2.6 million worksite employees. The 2025 acquisition of Paycor expanded its presence among larger businesses and added to its HCM software offerings. Its website is www.paychex.com.

Company details
Sector
Industrials
Industry (SIC)
Professional Services
Headquarters
ROCHESTER, NY
Fiscal year end
May
CIK
723531
SIC
8700

Financial performance, year by year

Fiscal 2014–2026 · USD
$-660.25M$1.32B$3.30B$5.28B$7.26B2014201520162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Paychex — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

746
funds hold it
2 of 35
superinvestors hold it
$13.41B
held by funds, at market
39.0%
of shares held by funds
3
bond issues held by funds

Superinvestors in Paychex · what they did last quarter

Chris BloomstranNEW
Semper Augustus Investments Group
2.4%of 13F portfolio
Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Paychex’s weight in each

—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%of fund net assets
0.48%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
0.79%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Paychex’s bonds, as funds hold them

Funds report holding 3 issues of Paychex’s debt, $971.88M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.33%, maturing 2030 to 2035.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Paychex and its peers compare on margins and cash generation over ten years?”
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  • “What changed in Paychex's last four quarterly filings that the numbers alone won't show?”
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