PAYCHEX INC (PAYX) Forecast, Price Target & Analyst Ratings

NASDAQ:PAYX • US7043261079

Current stock price

93.015 USD
+0.41 (+0.44%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for PAYCHEX INC (PAYX).

Forecast Snapshot

Consensus Price Target

Price Target
$123.02
+ 32.26% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Mar 25, 2026
Period
Q3 / 2026
EPS Estimate
$1.71
Revenue Estimate
1.827B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
53.91%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$123.02
Upside
+ 32.26%
From current price of $93.02 to mean target of $123.02, Based on 23 analyst forecasts
Low
$98.98
Median
$124.21
High
$155.40

Price Target Revisions

1 Month
-0.71%
3 Months
-8.45%

Price Target Summary

23 Wall Street analysts provided a forecast for the next 12 months for PAYX. The average price target is 123.02 USD. This implies a price increase of 32.26% is expected in the next year compared to the current price of 93.015.
The average price target has been revised downward by 8.45% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

PAYX Current Analyst RatingPAYX Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

PAYX Historical Analyst RatingsPAYX Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
53.91%
PAYX was analyzed by 23 analysts. The buy percentage consensus is at 54. So analysts seem to be rather neutral about PAYX.
In the previous month the buy percentage consensus was at a similar level.
PAYX was analyzed by 23 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-13BMO CapitalMaintains Market Perform -> Market Perform
2026-01-27Cantor FitzgeraldInitiate Underweight
2025-12-22JP MorganMaintains Underweight -> Underweight
2025-12-22Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-12-22CitigroupMaintains Neutral -> Neutral
2025-12-17StifelMaintains Hold -> Hold
2025-12-09BMO CapitalMaintains Market Perform -> Market Perform
2025-12-09Wells FargoMaintains Underweight -> Underweight
2025-12-08JefferiesMaintains Hold -> Hold
2025-12-01TD CowenMaintains Hold -> Hold
2025-10-22Wells FargoInitiate Underweight
2025-10-20Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-10-07Stephens & Co.Initiate Equal-Weight
2025-10-01BMO CapitalMaintains Market Perform -> Market Perform
2025-10-01Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-09-22StifelMaintains Hold -> Hold
2025-09-17UBSMaintains Neutral -> Neutral
2025-08-21CitigroupMaintains Neutral -> Neutral
2025-08-14JP MorganMaintains Underweight -> Underweight
2025-07-10BMO CapitalInitiate Market Perform
2025-06-27Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-06-26UBSMaintains Neutral -> Neutral
2025-06-26StifelMaintains Hold -> Hold
2025-06-26JefferiesMaintains Hold -> Hold
2025-06-18JP MorganMaintains Underweight -> Underweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Mar 25, 2026
Period
Q3 / 2026
EPS Estimate
$1.71
Revenue Estimate
1.827B
Revenue Q2Q
21.07%
EPS Q2Q
14.44%
Number of Analysts
17

Next Earnings Revisions

Revenue (1 Month)
0.44%
Revenue (3 Months)
-1.03%
EPS (1 Month)
0.00%
EPS (3 Months)
0.61%

Next Earnings Summary

PAYX is expected to report earnings on 3/25/2026. The consensus EPS estimate for the next earnings is 1.71 USD and the consensus revenue estimate is 1.83B USD.
The next earnings revenue estimate has been revised downward by 1.03% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
PAYX revenue by date.PAYX revenue by date.
5.007B
8.57%		5.278B
5.42%		5.572B
5.56%		6.632B
19.03%		7.023B
5.90%		7.442B
5.97%		7.798B
4.78%		8.172B
4.80%		8.212B
0.49%		8.463B
3.06%		8.678B
2.54%
EBITDA
YoY % growth
PAYX ebitda by date.PAYX ebitda by date.
2.21B
8.76%		2.39B
8.16%		2.539B
6.22%		3.101B
22.14%		3.362B
8.42%		3.537B
5.21%		3.873B
9.50%		4.034B
4.16%		3.777B
-6.37%		4.057B
7.41%		N/A
EBIT
YoY % growth
PAYX ebit by date.PAYX ebit by date.
2.033B
10.49%		2.214B
8.88%		2.329B
5.23%		2.773B
19.05%		3.022B
8.98%		3.22B
6.55%		3.46B
7.45%		3.663B
5.87%		3.449B
-5.84%		3.714B
7.68%		N/A
Operating Margin
PAYX operating margin by date.PAYX operating margin by date.
40.60%41.94%41.81%41.81%43.03%43.27%44.37%44.82%42.00%43.89%N/A
EPS
YoY % growth
PAYX eps by date.PAYX eps by date.
4.28
13.83%		4.72
10.28%		4.98
5.51%		5.60
12.41%		6.03
7.66%		6.43
6.75%		6.96
8.12%		7.38
6.16%		7.20
-2.49%		7.75
7.65%		N/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		1.71
14.44%		1.36
14.64%		1.35
10.58%		1.37
9.11%		1.80
5.76%		1.49
8.97%		1.45
7.55%		1.46
6.28%		1.92
6.19%		1.63
9.78%
Revenue
Q2Q % growth		1.827B
21.07%		1.65B
15.60%		1.662B
7.92%		1.681B
7.92%		1.94B
6.19%		1.758B
6.55%		1.77B
6.50%		1.797B
6.90%		2.072B
6.80%		1.868B
6.26%
EBITDA
Q2Q % growth		939.92M
12.93%		773.3M
3.73%		773.43M
14.60%		780.4M
-3.34%		984.6M
4.75%		849.54M
9.86%		867.42M
12.15%		864.49M
10.78%		1.016B
3.19%		951.43M
11.99%
EBIT
Q2Q % growth		849.84M
19.95%		684.98M
27.79%		684.37M
21.00%		692.96M
17.65%		890.81M
4.82%		744.11M
8.63%		741.65M
8.37%		741.13M
6.95%		961.06M
7.89%		823.47M
10.67%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

PAYX Yearly Revenue VS EstimatesPAYX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B
PAYX Yearly EPS VS EstimatesPAYX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
8.91%
EPS Next 5 Year
8.20%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
9.47%
Revenue Next 5 Year
7.57%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
13.69%
EBIT Next 5 Year
10.88%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

PAYCHEX INC / PAYX Forecast FAQ

Can you provide the average price target for PAYCHEX INC stock?

23 analysts have analysed PAYX and the average price target is 123.02 USD. This implies a price increase of 32.26% is expected in the next year compared to the current price of 93.015.

When does PAYCHEX INC (PAYX) report earnings?

PAYCHEX INC (PAYX) will report earnings on 2026-03-25, before the market open.

What are the consensus estimates for PAYX stock next earnings?

The consensus EPS estimate for the next earnings of PAYCHEX INC (PAYX) is 1.71 USD and the consensus revenue estimate is 1.83B USD.

Can you provide the analyst count for PAYCHEX INC stock?

The number of analysts covering PAYCHEX INC (PAYX) is 23.