PAYCHEX INC (PAYX) Overview
Industrials • Nasdaq • CIK 0000723531
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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms
Market Cap
$41.00B
P/E (TTM)
22.7x
Rev Growth (TTM)
+14.0%
Net Margin (TTM)
27.4%
FCF Yield (TTM)
4.9%
FCF Margin (TTM)
30.5%
Figures as of August 31, 2026
Filings
Primary-source SEC disclosures, read end-to-end. SEC figures cite the filing they come from.
8-KOct 20262026-10-16source
10-Q2027 Q12026-09-24source
8-KEarnings2026-09-23source
8-KJul 20262026-07-21source
10-K2026 FY2026-07-17source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Earnings
Q1
about 2 months ago
8-K releaseRevenue
$1.63B
+6.0%
Net Income
$429.70M
+12.0%
EPS
N/A
—
Earnings call — not catalogued
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow8/8 positive
TTM$2.0B
Q1 '27
$357.4M-31%
Q4 '26
$515.0M-32%
FCF Margin
TTM30.5%
Q1 '2721.9%-32%
Sector: 6.3%Top 10%
OCF Margin
34.1%
OCF/NI1.25x
CapEx Coverage
9.6x
FCF Yield4.9%
FCF Growth (3Y)+2%
Cash Conversion Cycle
–
DSO: –+DIO: –−DPO: 30
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM5.1%
Div Yield3.9%
+Buyback (TTM)1.1%
Dividend & Payout Metrics
Dividend Yield (TTM)3.9%
FCF Payout Ratio80.1%
Free Cash Flow (TTM)$2.0B
Stock Repurchases (TTM)$450.9M
Capital Return / FCF102.9%
Shares Outstanding (YoY)-1.1%↓ Buyback
Est. Dividends Paid (TTM)$1.6B
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
22.7x
Volatile
8Q: 26.3x-1444%
Valuation Lenses
Earnings
22.7x
vs – sector
Cash Flow
22.1x
EV/FCF vs –
Growth-Adj
1.8xPEG
Fair for growth
Quality-Adj
1.0P/E per %ROIC
ROIC: 22.3%
Shareholder Returns
Dividend
3.9%
Buyback
1.1%
Total Yield
5.1%
Market Cap$41.00B
EV$44.62B
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 75th pctile
Profitability Cascade
Gross
74.4%
Operating
39.2%
Top 25% in sector
Net
27.4%
Margins Unknown
Return on Invested CapitalTTM
22.3%
Moderate
-0.0% YoY8Q: 21.4%-14.8%
P25MedianP75
75th pctl (med: 7.2%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
29.8%
8Q: 28.7%
Asset Turnover
0.40x
8Q: 0.41x
Leverage (1+D/E)
2.23x
D/E: 1.23x
DuPont: 26.4% ≈ 22.3% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
11.59x
8Q:11.87x
-174.7%
Invested Cap Turn
0.75x
8Q:0.78x
-45.6%
CapEx Intensity
2.7%
8Q:2.9%
CapEx/Depreciation
0.41x
FCF vs Net Margin Gap+3.2 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
ND/EBITDA 1.1x
Net Debt / EBITDA
1.1xNet Debt: $3.62B
Interest Coverage
9.7x
+Strong interest coverage: 9.7x
Leverage Metrics
Debt-to-Equity
1.23x
Balance sheet risk & solvency analysis
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