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Paychex is a technology company providing human capital management solutions, enabling clients to better implement payroll, talent, time, tax, and benefits administration. It has a diverse set of product offerings addressing client needs. Aside from its traditional cloud-based payroll and HCM software offering, which accounts for close to half of total revenue, the company provides outsourcing options. Paychex's administrative service organization and professional employer organization accounts generate over 40% of sales. The balance of revenue is generated through retirement services, insurance solutions, and other products. In fiscal 2025, the company had 800,000 clients and almost 2.5 million worksite employees across its ASO and PEO.
1979
16.5K+
LTM Revenue $5.7B
LTM EBITDA $2.6B
$55.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Paychex has a last 12-month revenue (LTM) of $5.7B and a last 12-month EBITDA of $2.6B.
In the most recent fiscal year, Paychex achieved revenue of $5.3B and an EBITDA of $2.4B.
Paychex expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Paychex valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $5.7B | XXX | $5.3B | XXX | XXX | XXX |
| Gross Profit | $4.1B | XXX | $3.8B | XXX | XXX | XXX |
| Gross Margin | 72% | XXX | 72% | XXX | XXX | XXX |
| EBITDA | $2.6B | XXX | $2.4B | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 46% | XXX | XXX | XXX |
| EBIT | $2.2B | XXX | $2.2B | XXX | XXX | XXX |
| EBIT Margin | 40% | XXX | 41% | XXX | XXX | XXX |
| Net Profit | $1.7B | XXX | $1.7B | XXX | XXX | XXX |
| Net Margin | 30% | XXX | 32% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of July 1, 2025, Paychex's stock price is $145.
Paychex has current market cap of $52.4B, and EV of $55.8B.
See Paychex trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $55.8B | $52.4B | XXX | XXX | XXX | XXX | $5.02 |
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Start Free TrialAs of July 1, 2025, Paychex has market cap of $52.4B and EV of $55.8B.
Paychex's trades at 10.8x EV/Revenue multiple, and 23.6x EV/EBITDA.
Equity research analysts estimate Paychex's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Paychex has a P/E ratio of 31.3x.
See valuation multiples for Paychex and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $52.4B | XXX | $52.4B | XXX | XXX | XXX |
| EV (current) | $55.8B | XXX | $55.8B | XXX | XXX | XXX |
| EV/Revenue | 9.9x | XXX | 10.8x | XXX | XXX | XXX |
| EV/EBITDA | 21.7x | XXX | 23.6x | XXX | XXX | XXX |
| EV/EBIT | 24.9x | XXX | 26.4x | XXX | XXX | XXX |
| EV/Gross Profit | 13.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 31.3x | XXX | 32.1x | XXX | XXX | XXX |
| EV/FCF | 30.7x | XXX | 33.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialPaychex's last 12 month revenue growth is 16%
Paychex's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Paychex's rule of 40 is 62% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Paychex's rule of X is 87% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Paychex and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | 62% | XXX | 62% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 87% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 31% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ReadyTech | XXX | XXX | XXX | XXX | XXX | XXX |
| Xref | XXX | XXX | XXX | XXX | XXX | XXX |
| Ramco | XXX | XXX | XXX | XXX | XXX | XXX |
| Zaggle | XXX | XXX | XXX | XXX | XXX | XXX |
| TOTVS | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Paychex acquired XXX companies to date.
Last acquisition by Paychex was XXXXXXXX, XXXXX XXXXX XXXXXX . Paychex acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Paychex founded? | Paychex was founded in 1979. |
| Where is Paychex headquartered? | Paychex is headquartered in United States of America. |
| How many employees does Paychex have? | As of today, Paychex has 16.5K+ employees. |
| Who is the CEO of Paychex? | Paychex's CEO is Mr. John B. Gibson. |
| Is Paychex publicy listed? | Yes, Paychex is a public company listed on NAS. |
| What is the stock symbol of Paychex? | Paychex trades under PAYX ticker. |
| When did Paychex go public? | Paychex went public in 1983. |
| Who are competitors of Paychex? | Similar companies to Paychex include e.g. ReadyTech, Xref, Ramco, Zaggle. |
| What is the current market cap of Paychex? | Paychex's current market cap is $52.4B |
| What is the current revenue of Paychex? | Paychex's last 12 months revenue is $5.7B. |
| What is the current revenue growth of Paychex? | Paychex revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Paychex? | Current revenue multiple of Paychex is 9.9x. |
| Is Paychex profitable? | Yes, Paychex is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Paychex? | Paychex's last 12 months EBITDA is $2.6B. |
| What is Paychex's EBITDA margin? | Paychex's last 12 months EBITDA margin is 46%. |
| What is the current EV/EBITDA multiple of Paychex? | Current EBITDA multiple of Paychex is 21.7x. |
| What is the current FCF of Paychex? | Paychex's last 12 months FCF is $1.8B. |
| What is Paychex's FCF margin? | Paychex's last 12 months FCF margin is 32%. |
| What is the current EV/FCF multiple of Paychex? | Current FCF multiple of Paychex is 30.7x. |
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