The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

PAYX

Concerning the House

Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for human resources, payroll processing, employee benefits, and insurance services for small to medium-sized businesses in the United States, Europe, Canada, India, and Israel. It offers technology and advisory solutions; and payroll tax administration services. The company also provides retirement solutions, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services; HCM solutions from recruiting and hiring to retirement; and talent management and talent acquisition services. In addition, it offers payroll solutions, including calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients' payroll obligations. Further, the company provides workforce management solutions; benefits administration solutions; digital marketplace for earned wages, financial wellness solutions, and voluntary lifestyle benefits; administrative services organization HR outsourcing solutions; solutions to payroll and non-payroll customers; retirement and funding solutions; and 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. Additionally, it offers payroll, HR, employee benefits administration, retirement, insurance, risk management outsourcing, and access to professionally trained HR representatives, virtually and on-site. It markets and sells its solutions primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.

United States · www.paychex.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$5.13B+6.2%
Operating income$2.17B+6.8%
Net income$569.00M+3.6%
Cash from ops$1.71B+7.9%
Quotation

$125.40

+5.03 (+4.2%)

52w hi$134.87
52w lo$83.61
Vol2.43M
As ofAug 13
The Verdict

Hold

Our score +0.26

Short+0.24
Medium+0.29
Long+0.23

computed 2026-08-13

By the Numbers

Paychex, Inc.

Technology · Software - Application

Market cap$44.60B
Enterprise value$46.30B
Trailing P/E25.64x
Forward P/E19.64x
EV / EBITDA28.79x
P / S (ttm)11.24x
Profit margin26.6%
Return on equity
Revenue growth+12.5%
Earnings growth+43.4%
Debt / equity123.97
Risk Metrics
Beta vs SPX0.44
Corr SPX0.28
Annual vol25.9%
Annual ret+3.8%
Sharpe0.15
Max DD-46.4%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.25
Sector+0.07
Technical+0.20
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$121.54$125.65$120.86$125.402.43M
Aug 12$120.12$121.05$118.50$120.371.91M
Aug 11$119.69$121.73$119.42$121.302.35M
Aug 10$119.74$121.24$119.00$121.181.60M
Aug 7$119.44$121.42$119.06$120.041.92M