Wall Street analyst estimates for Paychex, Inc. (PAYX): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Founded in 1971 and headquartered in Rochester, New York, Paychex, Inc. delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance.
Consensus price target
$111.71 (-3 % vs price $115.65)
between $107.00 and $120.00 · 5 targets published in the last quarter
Closing price, Nov 3
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2027E | $6.9B | $6.8B – $6.9B | $5.96 | 13 |
| 2028E | $7.2B | $7.2B – $7.3B | $6.41 | 12 |
| 2029E | $7.6B | $7.6B – $7.7B | $6.87 | 5 |
Fiscal year ending in May · figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 5 |
| Hold | 21 |
| Sell | 5 |
| Strong Sell | 0 |
| Total analysts | 31 |
| Avg rating (−2 sell to +2 buy) | 0.00 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-12-18 | $1.30 | ||
| 2026-09-23 | $1.34 | $1.32 | +1.5% |
| 2026-06-24 | $1.32 | $1.31 | +0.8% |
| 2026-03-25 | $1.71 | $1.67 | +2.4% |
| 2025-12-19 | $1.26 | $1.23 | +2.4% |
| 2025-09-30 | $1.22 | $1.20 | +1.7% |
| 2025-06-25 | $1.19 | $1.19 | +0.0% |
| 2025-03-26 | $1.49 | $1.48 | +0.7% |
Valuation Ratios
| P/E Ratio | 22.99 |
| Price / Book | 11.09 |
| Dividend Yield | 4.03% |
Income Statement (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.15B | $3.38B | $3.77B | $4.04B | $4.06B | $4.61B | $5.01B | $5.28B | $5.57B | $6.51B |
| Cost of Revenue | $919.6M | $1.02B | $1.18B | $1.28B | $1.27B | $1.36B | $1.45B | $1.48B | $1.54B | $1.67B |
| Gross Profit | $2.23B | $2.36B | $2.59B | $2.76B | $2.79B | $3.26B | $3.55B | $3.80B | $4.03B | $4.84B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $992.1M | $1.08B | $1.22B | $1.30B | $1.32B | $1.42B | $1.52B | $1.62B | $1.82B | $2.33B |
| Operating Expenses | $992.1M | $1.08B | $1.22B | $1.30B | $1.32B | $1.42B | $1.52B | $1.62B | $1.82B | $2.33B |
| Operating Income | $1.24B | $1.29B | $1.37B | $1.46B | $1.46B | $1.84B | $2.03B | $2.17B | $2.21B | $2.51B |
| EBITDA | $1.38B | $1.43B | $1.56B | $1.67B | $1.66B | $2.05B | $2.26B | $2.43B | $2.49B | $3.02B |
| Interest Expense | $2.5M | $3.9M | $17.6M | $38.8M | $35.8M | $36.6M | $36.7M | $37.3M | $105.4M | $269.5M |
| Pre-tax Income | $1.24B | $1.30B | $1.37B | $1.44B | $1.43B | $1.82B | $2.05B | $2.22B | $2.18B | $2.31B |
| Income Tax | $427.5M | $362.4M | $333.6M | $339.0M | $336.7M | $431.8M | $490.9M | $527.6M | $518.6M | $550.8M |
| Net Income | $817.3M | $933.7M | $1.03B | $1.10B | $1.10B | $1.39B | $1.56B | $1.69B | $1.66B | $1.76B |
| EPS | $2.27 | $2.60 | $2.88 | $3.06 | $3.05 | $3.86 | $4.32 | $4.69 | $4.60 | $4.90 |
| EPS (Diluted) | $2.25 | $2.58 | $2.86 | $3.04 | $3.03 | $3.84 | $4.30 | $4.67 | $4.58 | $4.89 |
| Shares Outstanding (Diluted) | 362.6 M | 361.5 M | 361.8 M | 361.0 M | 362.1 M | 363.1 M | 362.3 M | 362.1 M | 362.0 M | 360.0 M |
Price
| Price | $115.65 (closing price, November 3, 2026) |
| Market Cap | $41.2B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Industrials · Staffing & Employment Services
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