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. It also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, it provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.
IPO Year: 1983
Exchange: NASDAQ
Website: paychex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/10/2025 | $160.00 | Market Perform | BMO Capital Markets |
| 12/22/2023 | $132.00 → $123.00 | Outperform → Market Perform | TD Cowen |
| 12/14/2023 | $107.00 → $126.00 | Underweight → Equal Weight | Barclays |
| 11/7/2023 | $120.00 | Neutral | UBS |
| 9/5/2023 | $130.00 | Sector Perform | RBC Capital Mkts |
| 6/2/2023 | $115.00 | Neutral | UBS |
| 4/3/2023 | $119.00 → $105.00 | Neutral → Underperform | BofA Securities |
| 1/17/2023 | $110.00 | Equal Weight → Underweight | Barclays |
| 3/9/2022 | $125.00 | Underperform → Neutral | BofA Securities |
| 1/11/2022 | $130.00 → $145.00 | Market Perform → Outperform | Cowen & Co. |
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Hourly earnings growth for workers reports below three percent for 11 of the last 12 months Job growth among U.S. small businesses with fewer than 50 employees is holding steady, according to the Paychex Small Business Employment Watch for July. The national Small Business Jobs Index, a primary component of the report that measures the pace of small business job growth across the country, has increased 0.17 percentage points to 99.82 in July. Meanwhile, hourly earnings growth for small business workers has maintained a consistent trend, remaining below three percent (2.74%) for the ninth consecutive month. This press release features multimedia. View the full release here: https://www.bu
Paychex, Inc., an industry-leading human capital management (HCM) company, has been named to the Selling Power "60 Best Companies to Sell For" 2025 list. This marks the 12th time the company has been included on the publication's annual list, demonstrating Paychex's ongoing commitment to developing talent, investing in innovative solutions, and driving consistent sales excellence. "It's a true honor to be recognized by Selling Power again for being one of the best companies to sell for in the U.S.," said Chad Parodi, senior vice president of HCM, PEO and Insurance at Paychex. "Paychex is committed to empowering both new and experienced sales representatives alike, providing the tools and
Customer employees using Paychex Flex® Perks will receive access to SoFi's personal finance tools, supporting a critical need for today's workforce Paychex, Inc., an industry-leading human capital management (HCM) company, announced today a new partnership with SoFi, a one stop shop for digital finance solutions, to bring the financial well-being resources and solutions of SoFi at Work to users of Paychex Flex® Perks. Through Paychex's digital marketplace of curated employee benefits, employees of Paychex customers can seamlessly connect to SoFi's solutions to support their journey to financial independence, including personal loans, student loans, loan refinancing, and more. Studies sh
The Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, payable on August 29, 2025, to shareholders of record as of July 21, 2025. About Paychex Paychex, Inc. (NASDAQ:PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today's workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays one out of every 11 American private sector workers and is raising the bar in HCM for nearly 800,000 customers in the U.S. and Europe. Every member of the
Hourly earnings growth continues to trend below three percent in June The small business labor market has remained stable with minimal changes observed through the first half of 2025, according to the Paychex Small Business Employment Watch. The pace of job growth in U.S. businesses with fewer than 50 employees has fluctuated less than half a percentage point over the last six months, reporting a 99.65 index level for June. At the same time, hourly earnings growth for small business workers continued to trend below three percent at 2.79%. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250701209806/en/According to the Paychex S
Double Digit Revenue Growth in Fourth Quarter Completed the Acquisition of Paycor HCM, Inc. ("Paycor") Issues Fiscal 2026 Business Outlook Paychex, Inc. (NASDAQ:PAYX) (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended May 31, 2025 (the "fourth quarter") and fiscal year ended May 31, 2025 ("fiscal 2025"). Results compared with the same period last year are as follows: Fourth Quarter Fiscal Year In millions, except per share amounts 2025 2024 Change(2)
Paychex, Inc. (NASDAQ:PAYX) will release financial results for its fiscal 2025 fourth quarter ended May 31, 2025 before the financial markets open on Wednesday, June 25, 2025. The company will host a conference call at 9:30 a.m. ET on Wednesday, June 25, 2025, to review the results for the quarter. Participating in this call will be John Gibson, President and Chief Executive Officer, and Bob Schrader, Chief Financial Officer. The conference call will be webcast live and available for replay for approximately 90 days on the Paychex Investor Relations portal. About Paychex Paychex, Inc. (NASDAQ:PAYX) is the digitally driven HR leader that is reimagining how companies address the needs
Paychex, Inc. was named one of America's Greatest Workplaces 2025 by Newsweek and Plant-A Insights Group. Newsweek and Plant-A Insights Group recognized companies following a comprehensive assessment that involved employee interviews, company reviews, publicly accessible data, and an analysis of over 120 key performance indicators. For more than 50 years, Paychex has been a purpose-driven organization whose employees work together to help businesses of all sizes succeed. Six core values drive the company's commitment to corporate responsibility, namely integrity, partnership, accountability, respect, innovation, and service. This approach has earned the company several notable awards in t
Paychex Partner Pro offers value-added insights to enhance client advisory service capabilities for partners Paychex, Inc., an industry-leading human capital management (HCM) company, has introduced a new portal designed to provide accountants with quick access to critical client data, reporting, and insights for their business clients that use Paychex Flex®. Paychex Partner Pro redefines the way accountants can manage a book of business by providing proactive insights in a centralized view to help streamline workflows and strengthen client advisory services (CAS). "Paychex Partner Pro provides a clear view into some of the most critical aspects of today's accounting operations, includi
Hourly earnings growth reaches new four-year low In May, job growth in U.S. small businesses remained largely unchanged from April, according to the Paychex Small Business Employment Watch. The Small Business Jobs Index, which is a primary component of Paychex's monthly employment report for businesses with fewer than 50 employees, has continued to show steady, flat employment growth throughout 2025. Meanwhile, hourly earnings growth for U.S. small business workers reached a four-year low at 2.77% in May. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250603088974/en/The latest Paychex Small Business Employment Watch indicate
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BMO Capital Markets initiated coverage of Paychex with a rating of Market Perform and set a new price target of $160.00
TD Cowen downgraded Paychex from Outperform to Market Perform and set a new price target of $123.00 from $132.00 previously
Barclays upgraded Paychex from Underweight to Equal Weight and set a new price target of $126.00 from $107.00 previously
UBS initiated coverage of Paychex with a rating of Neutral and set a new price target of $120.00
RBC Capital Mkts initiated coverage of Paychex with a rating of Sector Perform and set a new price target of $130.00
UBS initiated coverage of Paychex with a rating of Neutral and set a new price target of $115.00
BofA Securities downgraded Paychex from Neutral to Underperform and set a new price target of $105.00 from $119.00 previously
Barclays downgraded Paychex from Equal Weight to Underweight and set a new price target of $110.00
BofA Securities upgraded Paychex from Underperform to Neutral and set a new price target of $125.00
Cowen & Co. upgraded Paychex from Market Perform to Outperform and set a new price target of $145.00 from $130.00 previously
Live Leadership Updates
Robert L. Schrader, Paychex Vice President of Finance and Investor Relations, to succeed Rivera as CFO effective October 13th Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Efrain Rivera, senior vice president and chief financial officer will retire as CFO, effective October 12th, 2023. Rivera will remain as a senior advisor for the remainder of 2023. Robert L. Schrader, currently vice president of Finance and Investor Relations, will be named senior vice president and CFO, effective October 13, 2023. "On behalf of the board of directors, the management team,
Experienced business leader Theresa M. Payton appointed to Paychex Board of Directors ROCHESTER, N.Y., Jan. 24, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's Board of Directors has voted to expand to 12 members from 11 members. The Board has also appointed Theresa M. Payton to fill the new position. Ms. Payton is the founder and CEO of Fortalice Solutions, a firm advising Fortune 150 Boards, C-Suite, and regulators on secured technology innovation and transformation efforts regarding customer delivery and privacy.
ROCHESTER, N.Y., Oct. 14, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's board of directors has voted to expand from 10 to 11 members. The board has appointed Paychex president and CEO John B. Gibson, Jr. to fill the new position. Gibson is the fourth president and CEO in the 50-year history of Paychex. In addition to his appointment to the board of directors, Gibson will serve on the executive committee of the b
Paychex president and COO John B. Gibson, Jr. to succeed Mucci as CEO Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Martin Mucci, chief executive officer and chairman of the board, will retire as CEO, effective October 14th, 2022. Mucci will remain chairman of the company's board of directors. John B. Gibson, Jr., currently president and chief operating officer, will assume the role of president and CEO. "On behalf of the board of directors, the management team, and nearly 16,000 Paychex employees, we want to thank Marty for his tremendous leadership over the
Cloud Software Industry Veteran Michael Haske Succeeds CEO and Co-Founder Olivier Pailhes to Lead Next Chapter of Aircall's Growth Aircall, the business phone system, today announced that Michael Haske will join the company as Chief Executive Officer (CEO) effective September 2, 2022. Haske, previously the President and Chief Operating Officer at Paylocity, will succeed Aircall CEO Olivier Pailhes. Pailhes co-founded Aircall in 2014 and has led the global company to achieve over $1bn valuation and scale to serve more than 13,000 customers in over 100 countries. Pailhes will remain on the board and continue to serve as a strategic advisor to the company. Haske joins Aircall at a pivotal ti
CHICAGO, Aug. 23, 2021 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE:JLL) today announced the appointment of Efrain Rivera as an independent, non-executive member of its Board of Directors effective Oct. 1, 2021. Rivera is currently Senior Vice President, Chief Financial Officer and Treasurer of Paychex, Inc. (NASDAQ:PAYX), a leading provider of integrated human capital management solutions. Previously, Rivera spent 20 years at Bausch & Lomb, a global eye health company, where he held senior management positions, including Corporate Vice President and Chief Financial O
ROCHESTER, N.Y., July 8, 2021 /PRNewswire/ -- Paychex, Inc., the HR software and services company that provides the power of simplicity for increasingly complex workplaces, today announced that the company's Board of Directors has voted to expand to 10 members from 9 members. The Board has appointed Kevin A. Price to fill the new position. Mr. Price is the founder and president of PartsScription™, an innovative ecommerce platform helping national and regional retailers to significantly expand their product and parts capabilities. Mr. Price is an experienced executive and entre
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Live finance-specific insights
The Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, payable on August 29, 2025, to shareholders of record as of July 21, 2025. About Paychex Paychex, Inc. (NASDAQ:PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today's workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays one out of every 11 American private sector workers and is raising the bar in HCM for nearly 800,000 customers in the U.S. and Europe. Every member of the
Double Digit Revenue Growth in Fourth Quarter Completed the Acquisition of Paycor HCM, Inc. ("Paycor") Issues Fiscal 2026 Business Outlook Paychex, Inc. (NASDAQ:PAYX) (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended May 31, 2025 (the "fourth quarter") and fiscal year ended May 31, 2025 ("fiscal 2025"). Results compared with the same period last year are as follows: Fourth Quarter Fiscal Year In millions, except per share amounts 2025 2024 Change(2)
Paychex, Inc. (NASDAQ:PAYX) will release financial results for its fiscal 2025 fourth quarter ended May 31, 2025 before the financial markets open on Wednesday, June 25, 2025. The company will host a conference call at 9:30 a.m. ET on Wednesday, June 25, 2025, to review the results for the quarter. Participating in this call will be John Gibson, President and Chief Executive Officer, and Bob Schrader, Chief Financial Officer. The conference call will be webcast live and available for replay for approximately 90 days on the Paychex Investor Relations portal. About Paychex Paychex, Inc. (NASDAQ:PAYX) is the digitally driven HR leader that is reimagining how companies address the needs
The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, an increase of $0.10 (or 10%) from the prior quarterly dividend of $0.98 per share, payable on May 29, 2025 to shareholders of record as of May 12, 2025. "The increase to our dividend reflects the strength of our financial performance and free cash flow generation as well as the continued confidence in the future of our business," said John Gibson, Paychex president and CEO. "We are committed to delivering long-term value to our shareholders while continuing to invest in the business to support our long-term growth." For the fiscal year ending on May 31, 2025, Pay
Deal strengthens Paychex's upmarket position, unlocks new revenue channels, and expands strategic footprint and capabilities Paychex, Inc. (NASDAQ:PAYX) ("Paychex"), an industry-leading human capital management (HCM) company, today announced the successful completion of its acquisition of Paycor HCM, Inc. (NASDAQ:PYCR) ("Paycor"), a leading provider of HCM, payroll and talent software. "The Paycor acquisition unites two industry leaders with unrivaled AI-enabled technology supported by world-class service and advisory capabilities," said John Gibson, Paychex president and CEO. "Together, we are reimagining how companies address the needs of today's workforce with the most comprehensive, f
Sustained Growth in Revenue and Earnings Entered into a Definitive Agreement to Acquire Paycor HCM, Inc. ("Paycor") with Expected Close in April 2025 Returned $1.2 Billion to Stockholders in the First Nine Months of Fiscal 2025 Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended February 28, 2025 (the "third quarter"). Results compared with the same period last year were as follows: For the three months ended For the nine months ended In millions, except per share amounts February 28, 2025 February 29, 2024 Change(2) February 28, 2025 February 29, 2024 Change(2)
Paychex, Inc. (NASDAQ:PAYX) will release financial results for its fiscal 2025 third quarter ended February 28, 2025 via Business Wire before the financial markets open on Wednesday, March 26, 2025. The company will host a conference call at 9:30 a.m. ET on Wednesday, March 26, 2025, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice president and CFO. The conference call will be available online as a live broadcast on the Paychex Investor Relations portal. Listeners should access the site before the live call to ensure proper configuration. After the live call, an on-demand webcast will be archived and a
The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on February 27, 2025 to shareholders of record as of February 7, 2025. About Paychex Paychex, Inc. (NASDAQ:PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn mo
Creates one of the most comprehensive suites of human capital management (HCM) solutions in the industry for organizations of all sizes Extends Paychex's upmarket position and expands suite of AI-driven HR technology and advisory solutions Expected to be neutral to slightly accretive to adjusted diluted EPS in the first fiscal year post-close and accretive in the second fiscal year and beyond1 Paychex, Inc. (NASDAQ:PAYX) ("Paychex"), an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll today announced it has entered into a definitive agreement to ac
Sustained Growth in Revenue and Earnings Returned $810 Million to Stockholders in the First Half of Fiscal 2025 Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended November 30, 2024 (the "second quarter"). Results compared with the same period last year were as follows: For the three months ended For the six months ended November 30, November 30, In millions, except per share amounts