Stock research

Paychex, Inc. (PAYX) Stock Research

Paychex provides payroll, HR, and benefits-administration services to small and midsize businesses.

For the fiscal year ended May 31, 2026, Paychex, Inc. reported revenue of $6.5B and net income of $1.8B, with operating cash flow of $2.6B. Source: Form 10-K filed July 17, 2026

SEC data as of

Revenue
$6.5B
FY ending 2026-05-31
Net income
$1.8B
FY ending 2026-05-31
Diluted EPS
$4.89
Net margin
27.0%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Paychex

Exchange
NASDAQ: PAYX
Sector
Industrials
SEC industry
Services-Engineering, Accounting, Research, Management (SIC 8700)
Fiscal year end
May 31

PAYX key financials

Reported figures from Paychex, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$6.5B2025-06-01 – 2026-05-31SEC filing
Net income$1.8B2025-06-01 – 2026-05-31SEC filing
Operating cash flow$2.6B2025-06-01 – 2026-05-31SEC filing
Diluted EPS$4.892025-06-01 – 2026-05-31SEC filing
Net margin27.0%2025-06-01 – 2026-05-31SEC filing
Shares outstanding359MAs of 2025-11-30SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in PAYX

Paychex, Inc. sits in Industrials. Aerospace, machinery, defense, and transports — a cyclical read on capex, reshoring, and the physical economy. We have not yet written company-specific drivers for PAYX; the forces that matter most for the sector are:

  • ◆Capital-spending and manufacturing PMIs
  • ◆Reshoring and supply-chain reconfiguration
  • ◆Defense budgets and geopolitical conflict
  • ◆Freight rates and logistics demand

Key questions for the PAYX thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does PAYX's reported profit turn into cash?

Operating cash flow was $2.6B, 1.45 times net income of $1.8B, for the fiscal year ended May 31, 2026.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed July 17, 2026

How much of PAYX's revenue is left as profit?

Net income was 27.0% of revenue for the fiscal year ended May 31, 2026, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed July 17, 2026

When does Paychex, Inc.'s fiscal year end?

The SEC lists Paychex, Inc.'s fiscal year end as May 31, not December 31. The latest annual figures here run from June 1, 2025 to May 31, 2026.

Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.

Form 10-K filed July 17, 2026

Members-only research

What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

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Congressional trading in PAYX

PoliticianTrade dateTypeOwnerAmountSource
John Delaney2026-08-25SaleDependent$100,001 - $250,000Filing #20035408
John Delaney2026-04-21SaleDependent$1,001 - $15,000Filing #20034487
John Delaney2026-04-16SaleDependent$1,001 - $15,000Filing #20034487
Gilbert Cisneros2026-04-14PurchaseSelf$1,001 - $15,000Filing #20034500
Rick Larsen2026-04-07SaleSelf$1,001 - $15,000Filing #20034351
Alan Armstrong2026-03-27SaleSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
John Delaney2026-02-24SaleDependent$1,001 - $15,000Filing #20034159
John Delaney2026-02-23SaleDependent$1,001 - $15,000Filing #20034159
Shelley Capito2026-02-20SaleSpouse$1,001 - $15,000Filing #29828a0d-22e7-4acf-b0e4-2a340947b79e
Rick Allen2026-01-14SaleSpouse$15,001 - $50,000Filing #20033945

All verified PAYX congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

PAYX — frequently asked questions

What does Paychex, Inc. do?

Paychex provides payroll, HR, and benefits-administration services to small and midsize businesses.

What were PAYX's latest reported annual revenue and net income?

For the fiscal year ended May 31, 2026, Paychex, Inc. reported revenue of $6.5B and net income of $1.8B, with operating cash flow of $2.6B. The figures come from Paychex, Inc.'s SEC XBRL filings.

When does Paychex, Inc.'s fiscal year end?

The SEC lists Paychex, Inc.'s fiscal year end as May 31.

Do members of Congress trade PAYX?

The current verified House and Senate snapshot contains 31 transaction rows for PAYX, each linked to the original filing.

Is PAYX a good investment?

This page does not rate PAYX as a buy or sell. It sets out what Paychex, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the PAYX numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included