Tearsheet

Paychex (PAYX)

Market Price (9/15/2025): $135.15 | Market Cap: $48.7 Bil
Sector: Industrials | Industry: Human Resource & Employment Services

Paychex (PAYX)

Market Price (9/15/2025): $135.15
Market Cap: $48.7 Bil
Sector: Industrials
Industry: Human Resource & Employment Services

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%, Dividend Yield is 3.0%	Weak multi-year price returns 2Y Excs Rtn is -29%, 3Y Excs Rtn is -46%	Expensive valuation multiples P/SPrice/Sales ratio is 8.7x
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 40%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%
3	Low stock price volatility Vol 12M is 24%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%, Dividend Yield is 3.0%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 40%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%
3	Low stock price volatility Vol 12M is 24%
4	Weak multi-year price returns 2Y Excs Rtn is -29%, 3Y Excs Rtn is -46%
5	Expensive valuation multiples P/SPrice/Sales ratio is 8.7x

Market Valuation

	9/15/25	2024	2023	2022
Share Price CYE	$135.15	$137.27	$113.16	$106.54
Market Cap CYE ($ Bil)	48.7	49.4	40.8	38.4
Total Debt ($ Bil)	5.0	5.0	0.9	0.9
Total Cash ($ Bil)	1.7	1.7	1.5	1.6
Enterprise Value ($ Bil)	52.1	54.4	41.7	39.3
Valuation Ratios
P/S TTM	8.7	9.1	8.1	8.3
P/EBIT TTM	21.4	22.1	19.0	20.0
P/E TTM	29.4	30.5	25.4	26.7
Sector Ratios
P/S TTM (Sector)	1.6	1.4	1.4	1.1
P/EBIT TTM (Sector)	11.4	10.2	10.0	8.3
P/E TTM (Sector)	16.6	13.7	14.0	11.2

	9/15/25	2024
Share Price CYE	$135.15	$137.27
Market Cap CYE ($ Bil)	48.7	49.4
Total Debt ($ Bil)	5.0	5.0
Total Cash ($ Bil)	1.7	1.7
Enterprise Value ($ Bil)	52.1	54.4
Valuation Ratios
P/S TTM	8.7	9.1
P/EBIT TTM	21.4	22.1
P/E TTM	29.4	30.5
Sector Ratios
P/S TTM (Sector)	1.6	1.4
P/EBIT TTM (Sector)	11.4	10.2
P/E TTM (Sector)	16.6	13.7

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
PAYX Return	13%	50%	-13%	6%	21%	-2%	87%
Peers Return	27%	14%	-18%	12%	10%	-0%	45%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ADP, BR, GPN, PAYX, PAYC. See PAYX Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Interactive Breakdown

Paychex Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Paychex Earnings Notes
2	PAYX Hits Key Support - Is This The Buying Opportunity?	Actionable
3	How Does PAYX Stack Up Against Its Peers?
4	Better Bet Than PAYX Stock: Pay Less Than Paychex To Get More From GOOGL, UNH
5	Better Bet Than PAYX Stock: Pay Less Than Paychex To Get More From WM, GD
6	PAYX Dip Buy Analysis
7	Paychex Total Shareholder Return (TSR): 38.1% in 2025 and 14.5% 3-yr compounded annual returns (above peer average)
8	Paychex (PAYX) Operating Cash Flow Comparison	Financials
9	Paychex (PAYX) Net Income Comparison	Financials
10	Paychex (PAYX) Operating Income Comparison	Financials
11	ARTICLES
12	PAYX At Price Support Zone, Right Time To Buy?		August 22nd, 2025
13	Buy The Dip As Paychex Drops 10%?		June 27th, 2025
14	How Will Paychex Stock React To Its Upcoming Earnings?		June 2nd, 2025
15	Should You Buy Paychex Stock?		April 1st, 2025
16	How Will Paychex Stock React To Its Upcoming Earnings?		March 25th, 2025

	Title
0	DASHBOARDS
1	PAYX At Price Support Zone, Right Time To Buy?
2	Buy The Dip As Paychex Drops 10%?
3	How Will Paychex Stock React To Its Upcoming Earnings?
4	Should You Buy Paychex Stock?
5	How Will Paychex Stock React To Its Upcoming Earnings?
6	ARTICLES
7	Paychex Earnings Notes
8	PAYX Hits Key Support - Is This The Buying Opportunity?
9	How Does PAYX Stack Up Against Its Peers?
10	Better Bet Than PAYX Stock: Pay Less Than Paychex To Get More From GOOGL, UNH
11	Better Bet Than PAYX Stock: Pay Less Than Paychex To Get More From WM, GD
12	PAYX Dip Buy Analysis
13	Paychex Total Shareholder Return (TSR): 38.1% in 2025 and 14.5% 3-yr compounded annual returns (above peer average)
14	Paychex (PAYX) Operating Cash Flow Comparison
15	Paychex (PAYX) Net Income Comparison
16	Paychex (PAYX) Operating Income Comparison

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for Paychex

Financials

	PAYX	ADP	BR	GPN	PAYC	Median
Name	Paychex	Automati.	Broadrid.	Global P.	Paycom S.
Mkt Price	135.11	293.50	252.03	85.35	222.63	222.63
Mkt Cap	48.7	119.1	29.5	20.8	12.5	29.5
Rev LTM	5,572	20,561	6,889	9,486	1,960	6,889
Op Inc LTM	2,208	5,412	1,189	1,929	551	1,929
FCF LTM	1,709	4,393	1,056	2,937	355	1,709
FCF 3Y Avg	1,670	3,874	916	2,099	319	1,670
CFO LTM	1,901	4,940	1,171	3,567	558	1,901
CFO 3Y Avg	1,835	4,435	1,017	2,733	507	1,835

Growth & Margins

	PAYX	ADP	BR	GPN	PAYC	Median
Name	Paychex	Automati.	Broadrid.	Global P.	Paycom S.
Rev Chg LTM	5.6%	7.1%	5.9%	2.0%	10.2%	5.9%
Rev Chg 3Y Avg	6.5%	7.6%	6.5%	2.4%	17.6%	6.5%
Rev Chg Q	10.2%	7.5%	6.2%	-0.7%	10.5%	7.5%
QoQ Delta Rev Chg LTM	2.4%	1.8%	1.8%	-0.2%	2.4%	1.8%
Op Mgn LTM	39.6%	26.3%	17.3%	20.3%	28.1%	26.3%
Op Mgn 3Y Avg	40.5%	25.7%	16.1%	19.8%	29.5%	25.7%
QoQ Delta Op Mgn LTM	-1.9%	0.1%	0.5%	-0.5%	0.2%	0.1%
CFO/Rev LTM	34.1%	24.0%	17.0%	37.6%	28.5%	28.5%
CFO/Rev 3Y Avg	34.7%	23.0%	15.6%	29.2%	28.7%	28.7%
FCF/Rev LTM	30.7%	21.4%	15.3%	31.0%	18.1%	21.4%
FCF/Rev 3Y Avg	31.6%	20.1%	14.1%	22.4%	18.1%	20.1%

Valuation

	PAYX	ADP	BR	GPN	PAYC	Median
Name	Paychex	Automati.	Broadrid.	Global P.	Paycom S.
Mkt Cap	48.7	119.1	29.5	20.8	12.5	29.5
P/S	8.7	5.8	4.3	2.2	6.4	5.8
P/EBIT	21.4	20.7	24.7	8.7	21.9	21.4
P/E	29.4	29.2	35.2	14.5	30.1	29.4
P/CFO	25.6	24.1	25.2	5.8	22.4	24.1
Total Yield	6.4%	5.4%	4.2%	8.1%	4.0%	5.4%
Dividend Yield	3.0%	2.0%	1.4%	1.2%	0.7%	1.4%
FCF Yield 3Y Avg	3.7%	3.7%	3.9%	9.5%	2.7%	3.7%
D/E	0.1	0.1	0.1	0.8	0.0	0.1
Net D/E	0.1	0.0	0.1	0.7	-0.0	0.1

Returns

	PAYX	ADP	BR	GPN	PAYC	Median
Name	Paychex	Automati.	Broadrid.	Global P.	Paycom S.
1M Rtn	-2.3%	-2.2%	-2.9%	-1.4%	2.7%	-2.2%
3M Rtn	-11.2%	-3.8%	6.7%	14.7%	-9.0%	-3.8%
6M Rtn	-5.7%	1.6%	11.5%	-8.9%	7.4%	1.6%
12M Rtn	2.8%	8.0%	20.7%	-21.9%	32.3%	8.0%
3Y Rtn	24.0%	35.7%	62.1%	-33.1%	-35.5%	24.0%
1M Excs Rtn	-4.3%	-5.1%	-5.1%	-2.8%	-1.1%	-4.3%
3M Excs Rtn	-20.2%	-13.2%	-3.4%	0.8%	-20.0%	-13.2%
6M Excs Rtn	-23.7%	-16.7%	-6.7%	-25.8%	-9.1%	-16.7%
12M Excs Rtn	-16.2%	-12.0%	0.2%	-40.7%	13.9%	-12.0%
3Y Excs Rtn	-46.3%	-35.4%	-8.4%	-97.6%	-101.8%	-46.3%

Financials

Annual
Quarterly

$ Mil \| FY: 5/31	LTM	2025	2024	2023	2022	2021	2020
Period End		5/31/2025	5/31/2024	5/31/2023	5/31/2022	5/31/2021	5/31/2020
Filing Date		7/11/2025	7/11/2024	7/14/2023	7/15/2022	7/16/2021	7/17/2020
Key Financials
Total Revenue	5,572	5,572	5,278	5,007	4,612	4,057	4,040
Ebitda	2,491	2,491	2,432	2,262	2,053	1,662	1,686
Operating Income	2,208	2,208	2,174	2,033	1,840	1,461	1,460
Net Income	1,657	1,657	1,690	1,557	1,393	1,098	1,098
EPS	4.60	4.60	4.69	4.32	3.86	3.05	3.06
Growth Rates
Total Revenue Growth	5.6%	5.6%	5.4%	8.6%	13.7%	0.4%	7.1%
EBITDA Growth	2.4%	2.4%	7.5%	10.2%	23.5%	-1.4%	7.6%
Operating Income Growth	1.5%	1.5%	6.9%	10.5%	26.0%	0.0%	6.5%
Net Income Growth	-2.0%	-2.0%	8.5%	11.8%	26.9%	-0.1%	6.2%
Margins
EBITDA Margin	44.7%	44.7%	46.1%	45.2%	44.5%	41.0%	41.7%
Operating Income Margin	39.6%	39.6%	41.2%	40.6%	39.9%	36.0%	36.1%
Net Income Margin	29.7%	29.7%	32.0%	31.1%	30.2%	27.1%	27.2%
Cash & Debt
Total Cash	1,663	1,663	1,503	1,595	1,224	1,032	932
Total Debt	5,022	5,022	866	866	881	897	899
Net Debt / (Cash)	3,359	3,359	-636	-730	-343	-135	-34
Cash Flows
Net Cash from Operations	1,901	1,901	1,898	1,706	1,590	1,260	1,441
Free Cash from Operations	1,709	1,709	1,736	1,563	1,456	1,142	1,314
Returns to Shareholders
Dividends	1,448	1,448	1,315	1,175	1,000	909	889
Share Repurchases	104	104	169	-0	145	156	172

$ Mil \| FY: 5/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	5/31/2025	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Filing Date	7/11/2025	3/26/2025	12/19/2024	10/1/2024	7/11/2024	4/2/2024	12/21/2023	9/28/2023	7/14/2023	3/30/2023	12/22/2022	9/29/2022
Key Financials Quarterly
Total Revenue	1,427	1,509	1,317	1,318	1,295	1,439	1,258	1,286	1,230	1,381	1,190	1,206
Ebitda	539	752	595	606	547	714	571	600	517	671	529	545
Operating Income	431	692	538	547	482	650	506	536	453	612	472	496
Net Income	297	519	413	427	380	499	393	419	350	467	360	379
EPS	0.82	1.44	1.15	1.19	1.06	1.39	1.09	1.16	0.97	1.30	1.00	1.05
Key Financials TTM
Total Revenue TTM	5,572	5,440	5,370	5,311	5,278	5,213	5,154	5,087	5,007	4,922	4,817	4,735
Ebitda TTM	2,491	2,499	2,461	2,438	2,432	2,402	2,359	2,316	2,262	2,191	2,132	2,099
Operating Income TTM	2,208	2,258	2,216	2,184	2,174	2,146	2,108	2,074	2,033	1,974	1,925	1,893
Net Income TTM	1,657	1,740	1,719	1,699	1,690	1,661	1,630	1,597	1,557	1,503	1,467	1,438
Growth Rates Quarterly
Total Revenue Growth	10.2%	4.8%	4.7%	2.5%	5.3%	4.2%	5.7%	6.6%	7.5%	8.2%	7.4%	11.4%
EBITDA Growth	-1.5%	5.3%	4.1%	1.0%	5.8%	6.5%	8.1%	10.0%	15.7%	9.6%	6.7%	9.3%
Operating Income Growth	-10.5%	6.5%	6.3%	1.9%	6.3%	6.2%	7.2%	8.2%	15.1%	8.7%	7.3%	11.9%
Net Income Growth	-21.8%	4.2%	5.3%	2.0%	8.4%	6.7%	9.0%	10.5%	18.2%	8.5%	8.5%	13.7%
Margins Quarterly
EBITDA Margin	37.7%	49.8%	45.2%	45.9%	42.2%	49.6%	45.4%	46.6%	42.1%	48.6%	44.4%	45.2%
Operating Income Margin	30.2%	45.8%	40.9%	41.5%	37.2%	45.1%	40.2%	41.7%	36.9%	44.3%	39.7%	41.1%
Net Income Margin	20.8%	34.4%	31.4%	32.4%	29.3%	34.6%	31.2%	32.6%	28.5%	33.8%	30.3%	31.4%
Cash & Debt
Total Cash	1,663	1,601	1,240	1,498	1,503	1,730	1,398	1,692	1,595	1,557	1,262	1,230
Total Debt	5,022	864	863	867	866	869	866	867	866	871	875	879
Net Debt / (Cash)	3,359	-737	-377	-631	-636	-861	-532	-824	-730	-686	-387	-351
Cash Flows Quarterly
FCF from Operations	344	716	295	546	222	672	311	693	417	569	355	364
Cash Flows TTM
FCF from Operations TTM	1,901	1,779	1,734	1,751	1,898	2,093	1,991	2,035	1,706	1,710	1,754	1,568
Returns to Shareholders Quarterly
Dividends	389	353	353	353	353	320	320	322	321	285	285	285
Share Repurchases	-0	-0	0	104	-0	-0	169	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	25.3%	211.3%	123.6%	159.2%	156.5%	281.1%	156.2%	247.2%	185.1%	256.8%	142.3%	145.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	32.3%	174.0%	127.8%	158.2%	174.1%	232.6%	162.7%	237.5%	208.8%	208.4%	146.8%	138.4%

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$135.11
Market Cap ($ Bil)	48.7
First Trading Date	03/26/1990
Distance from 52W High	-14.8%
	50 Days	200 Days
DMA Price	$140.46	$144.19
DMA Trend	indeterminate	down
Distance from DMA	-3.8%	-6.3%
	3M	1YR
Volatility	27.7%	24.3%
Downside Capture	0.64	0.50
Upside Capture	32.25	56.31
Correlation (SPY)	35.0%	50.9%

PAYX Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.65	0.82	0.85	0.62	0.62	0.75
Up Beta	0.02	-0.07	1.17	0.65	0.71	0.79
Down Beta	1.95	1.62	1.21	0.52	0.53	0.73
Up Capture	21%	55%	7%	46%	46%	38%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	10	21	31	64	126	396
Down Capture	101%	173%	136%	81%	69%	93%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	11	21	32	62	122	354

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	12,663,543
Short Interest: % Change Since 8152025	9.4%
Average Daily Volume	2,015,222
Days-to-Cover Short Interest	6.28
Basic Shares Quantity	360,500,000
Short % of Basic Shares	3.5%

Returns Analyses

	Title
0	Will You Be Comfortable Buying Paychex Stock?
1	Paychex During 2008 Recession vs. 2022 Inflation Shock: PAYX Stock Is Now 6% Higher Than Its Pre-Shock High
2	Paychex (PAYX) Stock Has 68% Chance Of Rise In The Next One Month
3	Paychex Stock Return Comparison
4	[10/3/2021] Paychex (PAYX) Stock Price Forecast: AI Forecasts PAYX Stock Price To Be Around $118 In A Month (Up 2.5%)
5	Paychex Total Shareholder Return (TSR): -12.6% in 2023 and 16.2% 3-yr returns (above peer average)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
6/25/2025	-9.4%	-3.2%	-2.1%
3/26/2025	4.2%	7.3%	0.1%
12/19/2024	1.4%	5.0%	6.6%
10/1/2024	4.9%	2.4%	5.7%
6/26/2024	-6.1%	-5.3%	-0.8%
4/2/2024	0.4%	1.8%	-2.3%
12/21/2023	-7.0%	-6.5%	-3.9%
9/27/2023	3.4%	1.3%	-0.5%
...
SUMMARY STATS
# Positive	13	16	14
# Negative	11	8	10
Median Positive	3.4%	2.6%	6.1%
Median Negative	-4.2%	-4.6%	-2.2%
Max Positive	6.5%	9.4%	14.4%
Max Negative	-9.4%	-7.9%	-10.0%

	Forward Returns
6/25/2025	-9.4%	-3.2%	-2.1%
3/26/2025	4.2%	7.3%	0.1%
12/19/2024	1.4%	5.0%	6.6%
10/1/2024	4.9%	2.4%	5.7%
6/26/2024	-6.1%	-5.3%	-0.8%
4/2/2024	0.4%	1.8%	-2.3%
12/21/2023	-7.0%	-6.5%	-3.9%
9/27/2023	3.4%	1.3%	-0.5%
6/29/2023	-1.2%	2.7%	14.3%
3/29/2023	6.5%	0.8%	-1.0%
12/22/2022	-2.3%	1.5%	3.4%
9/28/2022	3.6%	1.8%	1.8%
6/29/2022	-4.2%	-2.4%	7.0%
3/30/2022	3.3%	5.1%	-0.1%
12/22/2021	5.5%	8.7%	-6.1%
9/30/2021	4.3%	9.4%	14.4%
6/25/2021	1.3%	4.0%	8.1%
4/6/2021	-4.9%	-4.5%	0.4%
12/23/2020	-2.3%	-4.6%	-10.0%
10/6/2020	-2.5%	1.9%	7.1%
7/7/2020	-4.9%	-7.9%	-5.8%
3/25/2020	0.9%	5.6%	12.3%
12/18/2019	-0.5%	-0.7%	3.6%
10/3/2019	2.2%	1.7%	2.4%
SUMMARY STATS
# Positive	13	16	14
# Negative	11	8	10
Median Positive	3.4%	2.6%	6.1%
Median Negative	-4.2%	-4.6%	-2.2%
Max Positive	6.5%	9.4%	14.4%
Max Negative	-9.4%	-7.9%	-10.0%

SEC Filings

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Report Date	Filing
5312025	10-K 5/31/2025
2282025	10-Q 2/28/2025
11302024	10-Q 11/30/2024
8312024	10-Q 8/31/2024
5312024	10-K 5/31/2024
2292024	10-Q 2/29/2024
11302023	10-Q 11/30/2023
8312023	10-Q 8/31/2023
5312023	10-K 5/31/2023
2282023	10-Q 2/28/2023
11302022	10-Q 11/30/2022
8312022	10-Q 8/31/2022
5312022	10-K 5/31/2022
2282022	10-Q 2/28/2022
11302021	10-Q 11/30/2021
8312021	10-Q 8/31/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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	2020	2021	2022	2023	2024	2025	Total [1]
Returns
PAYX Return	13%	50%	-13%	6%	21%	-2%	87%
Peers Return	27%	14%	-18%	12%	10%	-0%	45%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%
Monthly Win Rates [3]
PAYX Win Rate	75%	67%	42%	42%	75%	50%
Peers Win Rate	68%	58%	47%	52%	57%	57%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
PAYX Max Drawdown	-40%	-7%	-19%	-8%	-2%	-3%
Peers Max Drawdown	-36%	-20%	-27%	-15%	-14%	-11%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

Paychex (PAYX)

Market Price (9/15/2025): $135.15 | Market Cap: $48.7 BilSector: Industrials | Industry: Human Resource & Employment Services

Paychex (PAYX)

Market Price (9/15/2025): $135.15Market Cap: $48.7 BilSector: IndustrialsIndustry: Human Resource & Employment Services

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Market Price (9/15/2025): $135.15 | Market Cap: $48.7 Bil
Sector: Industrials | Industry: Human Resource & Employment Services

Market Price (9/15/2025): $135.15
Market Cap: $48.7 Bil
Sector: Industrials
Industry: Human Resource & Employment Services