simplyStocks
Paychex
PAYX · NASDAQIndustrials — HR & Business Services
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
—
Company details
Market cap
$35B
P/E ratio
22×
Div yield
4.5%
Revenue
~$5.6B
Clients
~800K
Rev. growth
+18%
Profit margin
~28%
Adj. EPS (TTM)
~$5.5
In plain English
Paychex runs payroll and HR for ~800,000 mostly-small American businesses. When a client runs payroll, Paychex pulls the cash a day or two early, holds it, files the taxes and pays the workers — and earns interest on that float in between. After buying Paycor for ~$4.1B in 2025 it pushed up-market into larger companies, while still battling ADP and Intuit for the small-business desk.
In simple terms
What Paychex really sells
Paychex runs payroll and HR for ~800,000 mostly-small American businesses. When a client runs payroll, Paychex pulls the cash a day or two early, holds it, files the taxes and pays the workers — and earns interest on that float in between. After buying Paycor for ~$4.1B in 2025 it pushed up-market into larger companies, while still battling ADP and Intuit for the small-business desk.
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Risk read
SteadierMore speculative
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