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Paychex Inc PAYX

Paychex Inc scores good on business quality (7.0 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$103.98Oct 10, 2026
Business qualityGood
Next earningsDec 17, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Paychex Inc does

    Paychex provides payroll, human resource, and insurance services to businesses, making money through recurring subscription and service fees.

  2. What it does best

    Paychex delivers a gross margin of 91.3%, beating peer ADP at 46.5%. This elite efficiency stems from a deeply integrated software suite that locks in clients.

  3. The main risk

    A cooling labor market threatens transaction volumes, as warned by peer ADP regarding a broader slowdown across payroll providers.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin stands at 39.9% and FCF margin sits high, showing exceptional profitability that expands efficiently as revenue scales.

MoatStrong

Switching costs form a wide moat locking in enterprise clients, backed by an operating margin in the sector's top decile at 39.9%.

GrowthFast

Revenue growth hit 16.9%, accelerating from past annual summaries and beating the sector at the 88th percentile.

Financial healthFair

Debt-to-equity sits at 1.2, paired with $1.1B in cash and $1.9B in free cash flow, pointing to a healthy balance sheet getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

3 sold $3.4M outside pre-planned sales.

Our sealed record on PAYX

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is PAYX a good business?

Paychex Inc scores good on the Cluenex quality check (7.0 of 10), measured against its own industry. Profitability is strong, moat strong, growth fast and financial health fair.

Are insiders buying PAYX?

In the last 90 days of SEC Form 4 filings: 3 sold $3.4M outside pre-planned sales.

When does PAYX report earnings?

Dec 17, 2026.

For members

See PAYX today

  • Today's verdict on PAYX, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Paychex Inc (PAYX)”, https://cluenex.com/stocks/payx/, data as of Oct 10, 2026.