OakChart

Paychex Inc

PAYXTechnology·Software - Application·USA·Large·NASD·Nov 11 • 3:59 PM ET

115.37-0.83 (-0.71%)
2026-11-12 03:28 CET
Market cap
41,069.41 USD m
Revenue, TTM
6,602.50 USD m
Net income, TTM
1,806.00 USD m
Free cash flow, TTM
2,016.70 USD m
EPS diluted, TTM
5.03
P/E
22.91
Compare

Price

PAYX against its 20, 50 and 200-day averages
2050200miss
90.00100.00110.00120.00130.004.8M9.6MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26PAYXclose 115.3720-day 114.1350-day 111.32200-day 103.78115.3752w high52w low

9.9% under the 52-week high of 127.98 on 1 Sep 2026. 52-week low 85.45 on 10 Apr 2026. Last 15 sessions, 15.0% high to low

Volume 0.97× normal · the line is the 50-bar volume average

Profile

PAYX
52-week range, 70% of the way up
85.45127.98

Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resources, insurance, and retirement for small and medium-sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services, and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.

IndexNDX, S&P 500, RUI
Employees17600
IPOAug 26, 1983
Beta0.79
ATR, 14d3.30
Rel volume0.97
Short float6.21%
Insider own10.13%
Inst own86.32%

Snapshot

6 groups

Valuation

IndexNDX, S&P 500, RUI
Market Cap41.07B
Enterprise Value44.70B
Income1.81B
Sales6.60B
Book/sh10.41
Cash/sh2.78
Dividend Est.4.86 (4.21%)
Dividend TTM5.73 (4.97%)
Dividend Ex-DateOct 26, 2026
Dividend Gr. 3/5Y10.76% 11.94%
Payout90.61%
Employees17600
IPOAug 26, 1983

Ratios

P/E22.91
Forward P/E18.00
PEG2.36
P/S6.22
P/B11.08
P/C41.52
P/FCF20.36
EV/EBITDA13.23
EV/Sales6.77
Quick Ratio1.28
Current Ratio1.28
Debt/Eq1.25
LT Debt/Eq1.25
Option/ShortYes / Yes

Earnings

EPS (ttm)5.03
EPS next Y6.41
EPS next Q1.28
EPS this Y8.18%
EPS next Y7.54%
EPS next 5Y7.63%
EPS past 3/5Y4.39% 10.04%
Sales past 3/5Y9.15% 9.93%
EPS Y/Y TTM12.61%
Sales Y/Y TTM13.97%
EPS Q/Q13.63%
Sales Q/Q5.88%
EarningsSep 23 BMO
EPS/Sales Surpr.1.48% 0.24%

Ownership

Insider Own10.13%
Insider Trans-0.12%
Inst Own86.32%
Inst Trans-1.28%
ROA11.17%
ROE47.06%
ROIC21.69%
Gross Margin71.63%
Oper. Margin44.48%
Profit Margin27.35%
SMA201.09%
SMA503.64%
SMA20011.17%
Trades-

Technical

Shs Outstand355.98M
Shs Float319.92M
Short Float6.21%
Short Ratio6.76
Short Interest19.87M
52W High127.98 -9.85%
52W Low85.45 35.01%
Volatility2.41% 2.69%
ATR (14)3.30
RSI (14)54.52
Beta0.79
Rel Volume0.97
Avg Volume2.94M
Volume2,856,178

Performance

Perf Week-2.81%
Perf Month8.58%
Perf Quarter-8.00%
Perf Half Y28.30%
Perf YTD2.84%
Perf Year3.34%
Perf 3Y-0.05%
Perf 5Y-6.51%
Perf 10Y103.55%
Recom2.95
Target Price114.92
Prev Close116.20
Price115.37
Change %-0.71%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 24, 2026UpgradeJJP MorganUnderweight → Neutral$115-0.3%
Sep 24, 2026ReiteratedBBMO Capital MarketsMarket Perform$118 → $113-2.1%
Sep 16, 2026UpgradeWWolfe ResearchUnderperform → Peer Perform
Sep 04, 2026InitiatedSStephensEqual-Weight$132+14.4%
Jun 15, 2026UpgradeCCitigroupNeutral → Buy$140+21.3%
Mar 19, 2026InitiatedGGuggenheimNeutral
Mar 13, 2026ReiteratedBBMO Capital MarketsMarket Perform$121 → $103-10.7%
Jan 27, 2026InitiatedCCantor FitzgeraldUnderweight$98-15.1%
Dec 09, 2025ReiteratedBBMO Capital MarketsMarket Perform$140 → $121+4.9%
Oct 23, 2025ResumedCCitigroupNeutral$139+20.5%

Peers

Mkt cap
TickerCompanyMkt cap
ADPAutomatic Data Processing Inc120.94B
PAYCPaycom Software Inc10.93B
PCTYPaylocity Holding Corp9.36B
WDAYWorkday Inc46.07B
INTUIntuit Inc91.57B
ALITAlight Inc329.45M
NSPInsperity Inc1.91B
TNETTriNet Group Inc3.00B
SAPSap SE ADR264.30B
BBSIBarrett Business Services Inc736.90M

Insider trading

latest 14 of 30
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
GOLISANO B THOMAS10% OwnerNov 09 '26Proposed Sale115.93439,97051,005,722Nov 10 04:33 PM
Golisano B Thomas10% OwnerOct 26 '26Proposed Sale116.038,8501,026,866Oct 27 04:31 PM
Golisano B Thomas10% OwnerOct 22 '26Proposed Sale116.3721,8902,547,339Oct 23 01:01 PM
GOLISANO B THOMAS10% OwnerOct 20 '26Proposed Sale112.6914,7471,661,839Oct 21 01:20 PM
GOLISANO B THOMAS10% OwnerOct 19 '26Proposed Sale110.44295,85732,674,447Oct 21 12:36 PM
VELLI JOSEPH MDirectorOct 14 '26Sale107.687,839844,10481,725Oct 16 04:00 PM
VELLI JOSEPH MDirectorOct 14 '26Proposed Sale107.687,839844,074Oct 14 03:11 PM
Golisano B Thomas10% OwnerSep 28 '26Proposed Sale99.91562,63556,212,863Sep 29 04:12 PM
Schrader Robert L.Sr. VP, CFOJul 20 '26Sale115.092,600299,23418,547Jul 21 04:00 PM
Schrader Robert L.OfficerJul 20 '26Proposed Sale115.092,600299,238Jul 20 03:00 PM
Mucci Family FoundationDirectorJul 17 '26Proposed Sale113.989,3091,061,057Jul 17 04:54 PM
Simmons Christopher CVP, Controller & TreasurerJul 17 '26Sale115.922,615303,1313,420Jul 17 04:00 PM
Simmons Christopher COfficerJul 17 '26Proposed Sale115.922,615303,131Jul 17 11:48 AM
MUCCI MARTINChairmanJul 14 '26Option Exercise57.24214,48212,276,950632,529Jul 15 05:00 PM

Held by

AUM
TickerCompanyAUM
SCHDSchwab US Dividend Equity ETFAUM: 122.69B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
QQQInvesco QQQ Trust Series 1AUM: 463.98B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
VOTVanguard Morningstar Mid-Cap Growth ETFAUM: 18.66B
XLIState Street Industrial Select Sector SPDR ETFAUM: 30.88B

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q12026-09-231.3401.3201.2101,6311,62717
2025Q42026-06-241.3201.3051.1741,6061,60116
2025Q32026-03-251.7101.6741.5591,8091,78217
2025Q22025-12-191.2601.2291.0971,5581,55315
2025Q12025-09-301.2201.2041.0611,5401,53813
2024Q42025-06-251.1901.1910.8201,4271,44314
2024Q32025-03-261.4901.4801.4351,5091,50915
2024Q22024-12-191.1401.1241.1431,3171,31315
2024Q12024-10-011.1601.1381.1811,3191,31415
2023Q42024-06-261.1201.1001.0501,2951,29317
2023Q32024-04-021.3801.3751.3791,4391,45811
2023Q22023-12-211.0801.0741.0851,2581,26817
2023Q12023-09-271.1401.1221.1561,2861,28416
2022Q42023-06-290.9700.9720.9671,2301,22318
2022Q32023-03-291.2901.2471.2901,3811,36116
2022Q22022-12-220.9900.9530.9951,1901,19016

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY2.5502.5072.7503,3813,379
2018FY2.8402.8592.8603,7733,771
2019FY3.0002.9953.0424,0414,036
2020FY3.0402.9923.0314,0574,007
2021FY3.7703.7503.8364,6124,542
2022FY4.2704.2814.2985,0075,000
2023FY4.7204.7044.6685,2785,273
2024FY4.9804.9914.5785,5725,587
2025FY5.5105.4934.8906,5126,507
2026FY-5.961--6,863
2027FY-6.410--7,240
2028FY-6.870--7,611

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q2S2026-11-0916071,6221,6181,628
2026Q2S2026-09-2516081,6221,6181,628
2026Q2S2026-09-2416081,6231,6181,636
2026Q2S2026-09-2316081,6241,6181,638
2026Q2S2026-09-1816001,6381,6331,647
2026Q2S2026-09-1516001,6381,6331,647
2026Q2S2026-09-1016001,6381,6331,647
2026Q2S2026-09-0716001,6381,6331,647
2026Q2S2026-09-0216001,6381,6331,647
2026Q2S2026-08-2615001,6381,6331,645
2026Q2S2026-08-2115001,6381,6331,645
2026Q2S2026-08-1115001,6381,6331,645
2026Q2S2026-07-2915001,6381,6331,645
2026Q2S2026-07-1615001,6381,6331,645

Estimate history

EPS, annual2.752.863.0423.0313.8364.2984.6684.5784.8895.0348
Period201720182019202020212022202320242025TTM
EPS, quarterly1.1811.1431.4350.821.0611.0971.5591.1741.205
PeriodQ1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sales, annual3377.73772.54040.54056.84611.75007.15278.35571.765126602.5
Period201720182019202020212022202320242025TTM
Sales, quarterly1318.51316.915091427.315401557.61808.91605.51630.5
PeriodQ1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Shares, annual359359.3358.8359.8359.9360.5360.1360.5355.6355.98
Period201720182019202020212022202320242025MRQ
Shares, quarterly359.9360.1360.2360.5359.9358.967358.3355.6355.98
PeriodQ1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue6,602.506,512.005,571.705,278.305,007.104,611.704,056.804,040.503,772.50
Cost of Goods Sold Incl. D&A1,872.901,916.501,540.401,479.301,453.001,356.301,271.201,280.801,177.80
Gross Profit4,729.604,595.504,031.303,799.003,554.103,255.402,785.602,759.702,594.70
Selling, General and Administrative Excl. Other1,792.801,797.901,661.301,624.901,521.001,415.401,324.901,299.201,218.10
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,936.802,797.602,370.002,174.102,033.101,840.001,460.701,460.501,376.60
Interest Expense266.40269.50105.4037.3036.7036.6035.8038.8017.60
Unusual Expense349.00304.20162.300.000.000.000.000.005.30
Net Income Before Taxes2,378.402,310.902,175.902,218.002,048.201,824.601,434.201,437.101,368.00
Income Taxes572.40550.80518.60527.60490.90431.80336.70339.00333.60
Consolidated Net Income1,806.001,760.101,657.301,690.401,557.301,392.801,097.501,098.101,034.40
Net Income From Continuing Operations1,806.001,760.101,657.301,690.401,557.301,392.801,097.501,098.101,034.40
Net Income1,806.001,760.101,657.301,690.401,557.301,392.801,097.501,098.101,034.40
EPS (Recurring)5.755.484.894.674.303.843.033.042.87
EPS (Basic, Before Extraordinaries)5.054.904.604.694.323.863.053.062.88
EPS (Diluted)5.034.894.584.674.303.843.033.042.86
EBITDA3,379.903,240.202,579.502,350.602,209.702,031.801,652.701,670.201,558.10
Non-Operating Income (Expense)57.0087.0073.6081.2051.8021.209.3015.4014.30
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense69.9978.6094.1048.4050.5043.0043.9038.4037.30
Price To Earnings Ratio22.9122.9132.8425.7424.4132.2934.6823.5430.00
Price To Sales Ratio6.885.3610.268.247.599.759.036.468.23
Gross Margin71.6370.5772.3571.9770.9870.5968.6668.3068.78
Operating Margin44.4842.9642.5441.1940.6039.9036.0136.1536.49
Net Margin27.3527.0329.7432.0331.1030.2027.0527.1827.42
Shares Outstanding355.98355.60360.50360.10360.50359.90359.80358.80359.30
Market Capitalization41,069.4141,069.4156,877.7643,253.1537,828.2144,704.7436,446.8125,927.9230,832.33

Income statement, quarterly

Currency USD, millions
Metric2026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q2
Total Revenue1,630.501,605.501,808.901,557.601,540.001,427.301,509.001,316.90
Cost of Goods Sold Incl. D&A491.20477.80491.70412.20413.80393.90387.40379.10
Gross Profit1,139.301,127.701,317.201,145.401,126.201,033.401,121.60937.80
Selling, General and Administrative Excl. Other511.50270.40514.50496.40499.50456.70413.10399.70
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income627.80857.30802.70649.00626.70576.70708.50538.10
Interest Expense65.1064.7068.1068.5068.2063.7022.609.50
Unusual Expense8.60252.6010.7077.1084.80145.6016.700.00
Net Income Before Taxes565.00554.20739.00520.20497.50389.30685.80543.70
Income Taxes135.30133.60178.70124.80113.7092.10166.50130.30
Consolidated Net Income429.70420.60560.30395.40383.80297.20519.30413.40
Net Income From Continuing Operations429.70420.60560.30395.40383.80297.20519.30413.40
Net Income429.70420.60560.30395.40383.80297.20519.30413.40
EPS (Recurring)1.221.671.581.251.221.101.471.14
EPS (Basic, Before Extraordinaries)1.211.181.561.101.070.821.441.15
EPS (Diluted)1.211.171.561.101.060.821.431.14
EBITDA737.60970.50913.70758.10736.00662.40751.60579.80
Non-Operating Income (Expense)10.9014.2015.1016.8023.8021.9016.6015.10
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense15.2516.3518.2520.1421.1754.2013.9012.96
Price To Earnings Ratio22.9121.3821.2225.0530.4632.8431.9131.16
Price To Sales Ratio6.885.335.326.678.7110.2710.099.85
Gross Margin69.8770.2472.8273.5473.1372.4074.3371.21
Operating Margin38.5053.4044.3841.6740.6940.4046.9540.86
Net Margin26.3526.2030.9725.3924.9220.8234.4131.39
Shares Outstanding355.98355.60358.30358.97359.90360.50360.20360.10
Market Capitalization41,069.4134,747.0633,617.2640,196.5650,237.8356,877.7654,610.7652,642.28

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1,177.301,711.001,550.601,645.201,274.201,083.20982.20763.20424.20
Short Term Receivables2,207.901,975.001,625.301,426.201,318.201,053.60790.30854.20524.60
Inventories0.000.000.000.000.000.000.000.000.00
Other Current Assets5,228.105,230.504,075.604,456.703,989.204,032.703,692.104,060.304,944.80
Total Current Assets8,613.308,916.507,251.507,528.106,581.606,169.505,464.605,677.705,893.60
Net Property, Plant & Equipment652.80575.30458.60457.80480.00498.80522.20408.70393.50
Total Investments and Advances0.000.003.703.8030.5044.1031.5016.70295.50
Intangible Assets6,211.406,461.402,077.202,021.402,056.102,096.502,121.702,181.70955.40
Deferred Tax Assets----160.80126.90114.0080.3058.00
Other Assets697.00610.90592.10535.30487.00418.30410.70391.20377.40
Total Assets16,174.5016,564.1010,383.1010,546.409,796.009,354.108,664.708,756.307,973.40
Short Term Debt Incl. Current Port. of LT Debt22.00440.9037.9030.5033.8036.3042.300.000.00
Accounts Payable154.80129.80104.3084.70105.7089.0079.4075.9073.70
Income Tax Payable87.80----0.0050.50--
Other Current Liabilities6,576.006,385.605,166.905,690.205,129.704,812.904,254.704,769.105,223.00
Total Current Liabilities6,840.606,956.305,309.105,805.405,269.204,938.204,426.904,845.005,296.70
Long Term Debt4,608.304,603.90847.60855.50872.50889.70893.70796.400.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities543.30444.7086.00112.10326.30344.90354.80303.40212.40
Other Liabilities447.20431.20339.40280.20242.80233.30207.90192.00107.50
Total Liabilities12,439.4012,436.106,582.107,053.206,710.806,406.105,883.306,136.805,616.60
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity3,735.104,128.003,801.003,493.203,085.202,948.002,781.402,619.502,356.80
Total Shareholders Equity3,735.104,128.003,801.003,493.203,085.202,948.002,781.402,619.502,356.80
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity3,735.104,128.003,801.003,493.203,085.202,948.002,781.402,619.502,356.80
Total Liabilities & Stockholders Equity16,174.5016,564.1010,383.1010,546.409,796.009,354.108,664.708,756.307,973.40
Book Value Per Share10.5011.4510.569.698.578.197.757.296.56
Tangible Book Value Per Share-6.96-6.474.794.082.862.371.841.223.90
Full-Time Employees17,60019,00016,50016,60016,00015,00015,80010,69214,300
Price to Book Ratio11.0813.8211.3810.8314.4512.249.3911.7711.63
Return on Assets10.7512.3016.1515.3114.5512.1812.6112.7113.32
Return on Equity44.7741.8046.3547.3546.1738.3140.6644.5546.11
Return on Invested Capital21.1018.9836.3635.8135.1928.6029.8830.2842.18
Quick Ratio1.261.281.371.301.251.251.231.171.11
Current Ratio1.261.281.371.301.251.251.231.171.11

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income1,806.001,760.101,657.301,690.401,557.301,392.801,097.501,098.101,034.40
Depreciation443.10442.60209.50176.50176.60191.80192.00209.70181.50
Other Funds (Non Cash)373.30374.40333.00341.00327.40294.10286.50270.80278.70
Funds from Operations2,669.402,680.802,184.002,178.102,017.301,881.001,555.001,574.601,499.30
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-417.60-124.10-330.90-280.40-317.90-375.50-294.70-133.70-227.80
Cash from Operating Activities2,251.802,556.701,853.101,897.701,699.401,505.501,260.301,440.901,271.50
Capital Expenditures-269.40-277.30-221.60-191.50-153.40-143.20-123.30-136.80-129.10
Net Assets From Acquisitions-18.30-0.40-2,967.50-208.30-2.70-24.90-19.50-6.10-992.20
Sale of Fixed Assets and Businesses0.000.000.000.0016.700.000.000.00-
Purchase or Sale of Investments284.50-708.60-10.40292.70357.90-1,252.80-317.80914.80-507.00
Purchase of Investments-13,566.50-12,226.20-14,302.90-6,868.50-14,585.30-17,807.70-6,089.70-25,218.10-35,145.80
Sale Or Maturity of Investments13,851.0011,517.6014,292.507,161.2014,943.2016,554.905,771.9026,132.9034,638.80
Other Uses-182.30-166.10-157.30-153.800.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.000.00-
Cash from Investing Activities-185.50-1,152.40-3,356.80-260.90218.50-1,420.90-460.60771.90-1,628.30
Cash Dividends Paid-1,624.60-1,589.60-1,448.50-1,315.30-1,175.00-999.60-908.70-889.40-826.80
Change in Capital Stock-478.90-663.00-100.70-143.10-10.40-122.60-70.00-150.60-56.90
Repurchase of Common Pref Stock-450.90-611.00-104.50-169.200.00-145.20-155.70-171.90-56.90
Sale of Common Pref Stock-28.00-52.003.8026.10-10.4022.6085.7021.300.00
Proceedsfrom Stock Options-104.00-104.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-418.80-418.804,180.909.002.001.302.305.10796.30
Change in Long Term Debt-400.00-400.004,180.900.000.000.000.000.00796.30
Issuance of Long Term Debt0.000.004,180.900.000.000.000.000.00796.30
Reduction of Long Term Debt-400.00-400.000.000.000.000.000.000.000.00
Net Financing Active Other Cash Flow-522.7017.60-290.70-425.30472.00141.60340.00-453.30-921.10
Other Financing Activities Uses-458.900.00-290.70-425.30-2.80-1.600.00-453.30-950.60
Cash from Financing Activities-3,045.00-2,653.802,341.00-1,874.70-711.40-979.30-636.40-1,488.20-1,008.50
Net Change in Cash-978.70-1,249.50837.30-237.901,206.50-894.70163.30724.60-1,365.30
Free Cash Flow2,016.702,321.801,661.301,736.301,556.401,372.901,145.701,313.901,147.70
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow115.8147.68268.63103.3599.68120.45154.5361.4796.72
Deferred Taxes & Investment Tax Credit-103.70-15.80-29.80-44.002.30-21.00-4.004.70

Balance sheet, quarterly

Currency USD, millions
Metric2026Q12025Q42025Q32025Q22025Q12024Q4
Cash & Short Term Investments989.201,177.301,830.401,573.901,721.301,711.00
Short Term Receivables2,335.302,207.902,070.802,030.502,002.701,975.00
Inventories0.000.000.000.000.000.00
Other Current Assets4,769.105,228.106,026.805,305.005,316.005,230.50
Total Current Assets8,093.608,613.309,928.008,909.409,040.008,916.50
Net Property, Plant & Equipment690.40652.80639.00631.30589.60575.30
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets6,160.306,211.406,274.806,339.606,410.406,461.40
Other Assets716.40697.00669.60638.60623.00610.90
Total Assets15,660.7016,174.5017,511.4016,518.9016,663.0016,564.10
Short Term Debt Incl. Current Port. of LT Debt0.0022.00400.00418.10418.40440.90
Accounts Payable141.40154.80132.40137.60120.60129.80
Income Tax Payable81.1087.8062.5044.40--
Other Current Liabilities6,117.506,576.007,284.206,441.006,589.706,385.60
Total Current Liabilities6,340.006,840.607,879.107,041.107,128.706,956.30
Long Term Debt4,620.904,608.304,613.404,618.804,603.204,603.90
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities537.60543.30553.50531.90518.00444.70
Other Liabilities456.70447.20451.80447.00442.50431.20
Total Liabilities11,955.2012,439.4013,497.8012,638.8012,692.4012,436.10
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity3,705.503,735.104,013.603,880.103,970.604,128.00
Total Shareholders Equity3,705.503,735.104,013.603,880.103,970.604,128.00
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity3,705.503,735.104,013.603,880.103,970.604,128.00
Total Liabilities & Stockholders Equity15,660.7016,174.5017,511.4016,518.9016,663.0016,564.10
Book Value Per Share10.4110.5011.2010.8111.0311.45
Tangible Book Value Per Share-6.90-6.96-6.31-6.85-6.78-6.47
Full-Time Employees-17,600---19,000
Price to Book Ratio11.088.668.6610.1212.1813.82
Return on Assets11.1710.7511.3911.7911.8912.30
Return on Equity47.0644.7740.2640.8841.2741.80
Return on Invested Capital5.165.046.494.654.483.40
Quick Ratio1.281.261.261.271.271.28
Current Ratio1.281.261.261.271.271.28

Cash flow, quarterly

Currency USD, millions
Metric2026Q12025Q42025Q32025Q22025Q12024Q4
Net Income429.70420.60560.30395.40383.80297.20
Depreciation109.80113.20111.00109.10109.3085.70
Other Funds (Non Cash)91.7098.40100.9082.3092.80113.40
Funds from Operations640.50636.90794.00598.00651.90496.60
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-227.00-56.0018.50-153.1066.50-189.20
Cash from Operating Activities413.50580.90812.50444.90718.40307.40
Capital Expenditures-63.00-83.30-56.50-66.60-70.90-66.00
Net Assets From Acquisitions-18.100.00-0.10-0.10-0.20-2,967.50
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-191.50-63.3078.10461.20-1,184.60-37.60
Purchase of Investments-5,072.20-1,526.80-4,171.50-2,796.00-3,731.90-5,829.70
Sale Or Maturity of Investments4,880.701,463.504,249.603,257.202,547.305,792.10
Other Uses-63.20-80.80-20.10-18.20-47.00-4.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-335.80-227.401.40376.30-1,302.70-3,075.10
Cash Dividends Paid-424.10-424.60-388.00-387.90-389.10-389.30
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-23.60-247.70-76.80-130.80-207.70-9.10
Repurchase of Common Pref Stock0.00-249.40-75.00-126.50-160.100.00
Sale of Common Pref Stock-23.601.70-1.80-4.30-47.60-9.10
Proceedsfrom Stock Options0.00-104.000.000.000.000.00
Issuance or Reduction of Debt, Net0.00-400.00-18.800.000.004,180.90
Change in Long Term Debt0.00-400.000.000.000.004,180.90
Issuance of Long Term Debt0.000.000.000.000.004,180.90
Reduction of Long Term Debt0.00-400.000.000.000.000.00
Net Financing Active Other Cash Flow-458.90-719.00718.90-63.7081.40-673.80
Other Financing Activities Uses-458.900.000.000.000.00-290.70
Cash from Financing Activities-906.60-1,791.30235.30-582.40-515.403,108.70
Net Change in Cash-828.90-1,437.801,049.20238.80-1,099.70341.00
Free Cash Flow357.40515.00761.50382.80662.50246.90
Price to Free Cash Flow115.8147.4467.4293.87153.35268.85

Revenue breakdown

Management Solutions2024: 4.07B 2025: 4.87B
Professional Employer Organization And Insurance Solutions2024: 1.34B 2025: 1.43B
United States2024: 5.41B 2025: 6.30B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-306.21%19.9M319.9M2.89M
2026-10-156.51%20.8M319.9M2.99M
2026-09-305.89%18.8M319.9M3.03M
2026-09-156.21%19.8M319.3M3.04M
2026-08-316.39%20.4M319.3M3.11M
2026-08-146.03%19.2M318.9M3.27M
2026-07-316.31%20.1M319.2M3.42M
2026-07-156.03%19.2M319.2M3.34M
2026-06-306.38%20.4M319.2M3.48M
2026-06-156.42%20.6M321.3M3.58M
2026-05-296.22%20.0M321.6M3.70M
2026-05-156.37%20.5M321.6M3.90M
2026-04-305.95%19.1M321.5M4.15M
2026-04-156.34%20.4M321.3M4.26M
2026-03-316.43%20.7M321.3M4.09M
2026-03-136.49%20.9M321.9M3.85M
2026-02-276.20%19.9M321.9M3.79M
2026-02-136.25%20.1M321.9M3.57M
2026-01-305.38%17.3M321.9M3.32M
2026-01-155.34%17.2M321.7M3.16M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call65.0048.3052.500.003.0360.000.000.994-0.0180.003
call70.0043.3047.500.002.7180.000.000.982-0.0650.008
call75.0038.3042.500.002.4200.000.000.979-0.0640.009
call80.0033.3037.500.002.1380.000.000.976-0.0630.010
call85.0028.3032.500.001.8700.000.000.973-0.0610.011
call90.0023.4027.5011.161.6130.000.000.968-0.0590.012
call95.0018.3022.5022.401.3630.000.000.915-0.1470.028
call10013.5017.6015.561.13810.000.000.897-0.1360.032
call1058.6012.7017.850.90820.000.000.860-0.1290.040
call1104.307.706.230.6485912.000.767-0.1350.055
call1151.954.402.350.5901,54218.000.532-0.2390.071
call1200.501.000.790.3715703.000.270-0.1320.059
call1250.100.500.250.44382062.000.144-0.1080.041
call1300.000.950.120.5872,6770.000.103-0.1070.032
call1350.002.150.200.71737.000.000.088-0.1160.029
call1400.002.150.090.7245.000.000.048-0.0740.018
call1450.002.150.000.9490.000.000.070-0.1300.024
call1500.002.150.251.05511.000.000.064-0.1350.023
call1550.002.150.001.0140.000.000.036-0.0820.014
call1600.002.150.001.1010.000.000.034-0.0840.014
call1650.002.150.231.1834.000.000.032-0.0860.013
call1700.002.150.001.2630.000.000.030-0.0880.012
call1750.000.100.001.1730.000.000.014-0.0430.007
put65.000.002.150.021.5164.000.00-0.005-0.0240.003
put70.000.002.150.001.6200.000.00-0.017-0.0710.008
put75.000.002.150.001.4210.000.00-0.020-0.0690.009
put80.000.002.150.151.2344.000.00-0.023-0.0670.010
put85.000.000.700.701.0529.000.00-0.026-0.0650.011
put90.000.000.200.050.8873821.00-0.031-0.0630.012
put95.000.001.150.580.9571,3680.00-0.084-0.1500.028
put1000.002.200.100.7618200.00-0.102-0.1380.032
put1050.002.150.300.5654450.00-0.139-0.1310.040
put1100.500.700.640.3623,048829-0.232-0.1360.055
put1150.954.102.000.60060912.00-0.467-0.2400.071
put1204.806.006.100.4491860.00-0.729-0.1320.059
put1257.7011.7012.200.75682.000.00-0.855-0.1070.041
put13012.6016.800.000.9570.000.00-0.896-0.1060.032
put13517.6021.800.001.1430.000.00-0.911-0.1150.029
put14022.6026.800.001.2950.000.00-0.921-0.1210.026
put14527.6031.800.001.4370.000.00-0.929-0.1270.024
put15032.6036.800.001.5690.000.00-0.935-0.1310.023
put15537.6041.800.001.6940.000.00-0.939-0.1360.021
put16042.6046.800.001.8110.000.00-0.943-0.1390.020
put16547.6051.800.001.9230.000.00-0.946-0.1420.019
put17052.6056.800.002.0290.000.00-0.948-0.1450.019
put17557.6061.800.002.1310.000.00-0.985-0.0370.007

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10144Filing for proposed sale of securities under Rule 144.SEC
2026-10-27144Filing for proposed sale of securities under Rule 144.SEC
2026-10-23144Filing for proposed sale of securities under Rule 144.SEC
2026-10-21144Filing for proposed sale of securities under Rule 144.SEC
2026-10-21144Filing for proposed sale of securities under Rule 144.SEC
2026-10-214Statement of changes in beneficial ownership of securities2026-10-19SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-14SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-168-KCurrent report2026-10-15SEC
2026-10-14144Filing for proposed sale of securities under Rule 144.SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-09-304Statement of changes in beneficial ownership of securities2026-09-28SEC
2026-09-29144Filing for proposed sale of securities under Rule 144.SEC
2026-09-2410-QQuarterly report pursuant to Section 13 or 15(d)2026-08-31SEC
2026-09-238-KCurrent report2026-09-23SEC
2026-09-04ARSAnnual report to security holders. 2026-05-31SEC
2026-09-04DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-09-04DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-10-15SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-14SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-1000844.10K1
2026-090000
2026-080000
2026-07003.35M3
2026-0600383.86K1
2026-050041.31K1
2026-040000
2026-030000
2026-02197.26K200
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
Capital International Investors8.05%
BlackRock, Inc.7.75%
VANGUARD CAPITAL MANAGEMENT LLC5.87%
VANGUARD PORTFOLIO MANAGEMENT LLC4.26%
STATE STREET CORP4.02%
Invesco Ltd.3.64%
GEODE CAPITAL MANAGEMENT, LLC3.22%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC2.90%
MORGAN STANLEY1.83%
FEDERATED HERMES, INC.1.64%

Funds

Fund% owned
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND11.04%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND9.26%
MFS Income Fund8.35%
MFS Total Return Bond Fund8.20%
VANGUARD SHORT-TERM BOND INDEX FUND6.11%
MFS Corporate Bond Fund5.43%
VANGUARD TOTAL BOND MARKET INDEX FUND4.65%
VANGUARD TOTAL BOND MARKET II INDEX FUND4.55%
iShares iBoxx $ Investment Grade Corporate Bond ETF4.14%
TCW METWEST TOTAL RETURN BOND FUND3.95%

OakChart. PAYX. Cached 15 minutes.