PAYX – Dividend Returns, History & Calculator

Dividend Contender 15 Years

Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for payroll, employee benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offer

...

Company Info

Symbol PAYX
Company Paychex, Inc.
Sector Technology
Industry Software - Application
Website Visit
Market Cap $30,659.0M

Price Data

Price $85.57
Price Change -2.29
Price Change % -2.61%
Next Earnings Report Jun 25, 2026
Low (52W) $85.45
High (52W) $161.24

Dividend Data

Div Yield 5.05%
5Y Avg Yield 2.67%
Current Div $1.080
Payouts/Year 4
Annualized $4.320
Previous Div $1.080
Ex-date Jan 28, 2026
Dividend Pay Date Feb 27, 2026

Growth Rates

Chowder Number 16.8
DGR 1Y 10.2%
DGR 3Y 11.0%
DGR 5Y 11.7%
DGR 10Y 10.2%

Total Returns

TTR 1Y - With Specials -36.6%
TTR 3Y - With Specials -3.3%
TTR 1Y - No Specials -36.6%
TTR 3Y - No Specials -3.3%

Fair Value

Fair Value (P/E 10) $96.94
FV (P/E 10) % -12.0%
Fair Value (Peter Lynch) $22.65
FV (Peter Lynch) % 278.0%
Fair Value (Blended) $111.62
FV (Blended) % -23.0%

Financial Metrics

Revenue 1Y 5.6%
NPM 25.8%
CF/Share $3.29
Current R 1.2x
Debt/Capital 53.0%
ROTC 19.0%
P/E 18.9x
P/BV 7.6x
PEG 2.55
📊 Financial data last updated: April 13, 2026 12:17 pm

Calculate your PAYX Dividend Returns

Quickly and easily calculate PAYX dividend yield using our PAYX calculator. Adjust the fields below to see how your PAYX investments snowball over time.

Show Idealized Scenario (Assumes all future extra investments and dividends are made on Day 1 and reinvested instantly — this creates a best-case scenario for compounding growth.)

Portfolio Growth Over Time

Data last updated: April 14, 2026 11:15 pm

Year-by-Year Portfolio Growth (Realistic DRIP Scenario)

YearStart BalanceStart SharesShare PriceDividend / ShareDividend YieldYield on CostAnnual DividendTotal DividendsEnd SharesEnd Balance
1$10,000113$88.85$1.084.86%4.86%$532$532132$11,732
2$12,356132$93.57$1.195.07%5.34%$677$1,210152$14,233
3$14,990152$98.55$1.305.29%5.87%$850$2,059173$17,040
4$17,946173$103.79$1.435.53%6.45%$1,054$3,114195$20,200
5$21,275195$109.31$1.585.77%7.09%$1,297$4,411217$23,772
6$25,036217$115.12$1.736.02%7.80%$1,587$5,998242$27,823
7$29,302242$121.24$1.906.28%8.57%$1,932$7,930268$32,434
8$34,158268$127.69$2.096.55%9.42%$2,344$10,274295$37,702
9$39,707295$134.48$2.306.84%10.35%$2,838$13,112325$43,745
10$46,071325$141.63$2.537.14%11.38%$3,431$16,543358$50,702

PAYX Dividend History

Ex-Date Payment Date Amount TTM Yield Forward Yield Price on Ex-Date
01/28/202601/28/2026$1.084.22%4.22%$102.45
11/07/202511/07/2025$1.083.77%3.86%$111.96
07/21/202507/21/2025$1.082.89%3.03%$142.66
05/12/202505/12/2025$1.082.65%2.85%$151.69
02/07/202502/07/2025$0.9802.67%2.67%$146.74
11/07/202411/07/2024$0.9802.61%2.67%$146.56
08/08/202408/08/2024$0.9803.01%3.15%$124.37
05/09/202405/09/2024$0.9803.01%3.23%$121.30
02/12/202402/12/2024$0.8902.92%2.92%$122.10
11/13/202311/13/2023$0.8903.02%3.11%$114.48
08/09/202308/09/2023$0.8902.71%2.87%$124.03
05/10/202305/10/2023$0.8903.00%3.28%$108.62
02/08/202302/08/2023$0.7902.75%2.75%$114.93
11/08/202211/08/2022$0.7902.59%2.70%$117.05
08/10/202208/10/2022$0.7902.18%2.38%$132.84
05/11/202205/11/2022$0.7902.34%2.67%$118.22
01/28/202201/28/2022$0.6602.29%2.29%$115.33
10/29/202110/29/2021$0.6602.11%2.14%$123.28
07/30/202107/30/2021$0.6602.25%2.32%$113.82
05/11/202105/11/2021$0.6602.54%2.67%$99.03
Page 1 of 1
Invest in PAYX with Interactive Brokers

PAYX 10-yr Total Return ($10,000 invested)

This analysis of PAYX demonstrates the power of dividend reinvestment over a 10-year period with a $10,000 initial investment. The dividend reinvestment strategy delivered a 10.8% CAGR, representing strong long-term performance. The DRIP strategy provided 20% more total return compared to collecting dividends as cash, highlighting the compounding effect of reinvestment.

With DRIP No DRIP

Total Return with and without DRIP (PAYX)

Over the selected period, investing $10,000 in PAYX would grow to $38,258 with DRIP (282.6%), and $34,386 without DRIP (243.9%).

PAYX Dividend Reinvestment Snowball

Investing $10,000 + $100/mo in PAYX with historic price growth (5.52%) and dividend growth (9.91%) produces dramatically different outcomes depending on whether you reinvest dividends.

After 20 Years

Your Investment: $34,000

With DRIP

Portfolio: $231,507

Annual Dividend: $24,850

Yield on Cost: 73.09%

Total Dividends: $119,454

No DRIP

Portfolio: $128,579

Total Dividends: $56,103

After 30 Years

Your Investment: $46,000

With DRIP

Portfolio: $1,405,960

Annual Dividend: $226,731

Yield on Cost: 492.89%

Total Dividends: $945,952

No DRIP

Portfolio: $329,517

Total Dividends: $189,544

Milestones on the way

By year 13, the compounding really starts to show. Your total dividends collected reach $29,899 against a total investment of $25,600. At this point, your portfolio is throwing off $6,491 per year in dividends alone.

By year 17, the annual dividend climbs to around your initial contribution. For a starting investment of $10,000, the yearly dividend now sits at approximately $13,795, a powerful “income on autopilot” milestone.

After two decades, cumulative dividends total $119,454 versus $34,000 invested, nearly a 351% recovery of capital purely from income. Yield on cost reaches 73.09%.

At year 25, the income engine takes over. The portfolio’s annual dividend of $70,924 is greater than total contributions to date ($40,000), and cumulative dividends exceed $324,372.

By year 30, the DRIP snowball is in full force. Yearly income reaches $226,731, cumulative dividends total $945,952, and the DRIP portfolio value stands at $1,405,960, compared with $329,517 if dividends weren’t reinvested.

How we estimate these numbers

We use the latest calculator inputs for PAYX, price $90.84, dividend per period $1.08 (4x/year), along with historic growth assumptions: price growth 5.52% and dividend growth 9.91% annually.

We simulate month by month for 30 years. Every month, a $100 contribution is added and converted to shares at that month’s price. Dividends are paid roughly evenly across the year based on the dividend frequency; in the DRIP path, each payout immediately buys additional shares at the then-current price. In the No-DRIP path, dividends accrue as cash. Prices grow using a monthly rate derived from the annual price growth. Dividends per share increase once per year at the annual dividend growth rate.

This model isn’t investment advice; it’s a simple, transparent framework that illustrates how reinvesting dividends can accelerate both income and total return over time.

Projected Future Returns & Dividends for PAYX

Based on past 10-year performance, here are PAYX growth metrics:

Share price CAGR of +7.93%
Dividend CAGR of +10.17%

Using PAYX CAGR metrics, we can estimate that your initial $10,000 investment, over the next 10 years, should grow as follows:

PAYX (DRIP)PAYX (No DRIP)
Current Price$93.50$93.50
Start Shares106.95106.95
Start Value$10,000$10,000
After 10 years:
Final Share Count177.27106.95
Dividends Payment$11.38$11.38
Annual Dividends$1,909$1,217
Yield on cost19.09%12.17%
Share Price$200.49$200.49
Total Dividends$10,696$8,179
Final Value$35,539$29,621

Estimated Future Value + Dividends – PAYX

Dividend History: Payments & Yield

Shows quarterly dividend payments with trailing yield and a 5-year rolling average overlay. Use the range pills to switch the visible period.

Yield Dividend

Dividend Growth

Lifetime quarterly dividend amounts, with range controls for 1Y/2Y/5Y/10Y. Useful to visualize the cadence and pace of dividend increases over time.

Dividend

Dividend Payments & Yield

Quarterly dividends with TTM yield and a 5‑year rolling average overlay. Helps compare current yield versus recent history across different ranges.

Dividend 5-yr Rolling AVG Yield

PAYX Dividend History

Ex-Date Payment Date Amount TTM Yield Forward Yield Price on Ex-Date
01/28/202601/28/2026$1.084.22%4.22%$102.45
11/07/202511/07/2025$1.083.77%3.86%$111.96
07/21/202507/21/2025$1.082.89%3.03%$142.66
05/12/202505/12/2025$1.082.65%2.85%$151.69
02/07/202502/07/2025$0.9802.67%2.67%$146.74
11/07/202411/07/2024$0.9802.61%2.67%$146.56
08/08/202408/08/2024$0.9803.01%3.15%$124.37
05/09/202405/09/2024$0.9803.01%3.23%$121.30
02/12/202402/12/2024$0.8902.92%2.92%$122.10
11/13/202311/13/2023$0.8903.02%3.11%$114.48
08/09/202308/09/2023$0.8902.71%2.87%$124.03
05/10/202305/10/2023$0.8903.00%3.28%$108.62
02/08/202302/08/2023$0.7902.75%2.75%$114.93
11/08/202211/08/2022$0.7902.59%2.70%$117.05
08/10/202208/10/2022$0.7902.18%2.38%$132.84
05/11/202205/11/2022$0.7902.34%2.67%$118.22
01/28/202201/28/2022$0.6602.29%2.29%$115.33
10/29/202110/29/2021$0.6602.11%2.14%$123.28
07/30/202107/30/2021$0.6602.25%2.32%$113.82
05/11/202105/11/2021$0.6602.54%2.67%$99.03
01/29/202101/29/2021$0.6202.84%2.84%$87.32
10/30/202010/30/2020$0.6203.02%3.02%$82.25
07/31/202007/31/2020$0.6203.45%3.45%$71.92
05/14/202005/14/2020$0.6203.93%3.93%$63.13
01/31/202001/31/2020$0.6202.89%2.89%$85.77
10/31/201910/31/2019$0.6202.89%2.97%$83.64
07/31/201907/31/2019$0.6202.84%2.99%$83.05
05/14/201905/14/2019$0.6202.73%2.95%$84.19
01/31/201901/31/2019$0.5603.16%3.16%$70.80
10/31/201810/31/2018$0.5603.33%3.42%$65.49
07/31/201807/31/2018$0.5603.07%3.25%$69.02
05/08/201805/08/2018$0.5603.34%3.64%$61.59
01/31/201801/31/2018$0.5002.87%2.93%$68.25
10/31/201710/31/2017$0.5003.01%3.14%$63.79
07/28/201707/28/2017$0.5003.25%3.46%$57.76
05/08/201705/08/2017$0.4603.17%3.17%$58.06
01/30/201701/30/2017$0.4602.96%3.03%$60.81
10/28/201610/28/2016$0.4603.20%3.34%$55.05
07/28/201607/28/2016$0.4602.91%3.11%$59.20
05/05/201605/05/2016$0.4203.28%3.28%$51.19
01/28/201601/28/2016$0.4203.53%3.62%$46.43
10/29/201510/29/2015$0.4203.09%3.25%$51.76
07/30/201507/30/2015$0.4203.37%3.63%$46.23
05/07/201505/07/2015$0.3803.11%3.11%$48.80
01/29/201501/29/2015$0.3803.21%3.28%$46.38
10/30/201410/30/2014$0.3803.16%3.29%$46.15
07/30/201407/30/2014$0.3803.45%3.66%$41.48
05/08/201405/08/2014$0.3503.43%3.43%$40.77
01/30/201401/30/2014$0.3504.04%3.31%$42.28
10/30/201310/30/2013$0.3504.00%3.31%$42.30
07/30/201307/30/2013$0.3504.27%3.60%$38.88
12/18/201212/18/2012$0.6604.92%7.96%$33.16
10/31/201210/31/2012$0.3303.98%4.07%$32.42
07/30/201207/30/2012$0.3203.89%3.89%$32.88
05/04/201205/04/2012$0.3204.24%4.28%$29.92
01/30/201201/30/2012$0.3203.99%4.05%$31.57
10/28/201110/28/2011$0.3204.26%4.36%$29.36
07/28/201107/28/2011$0.3104.38%4.38%$28.33
04/28/201104/28/2011$0.3103.76%3.76%$32.99
01/28/201101/28/2011$0.3103.91%3.91%$31.69
10/28/201010/28/2010$0.3104.48%4.48%$27.70
07/29/201007/29/2010$0.3104.75%4.75%$26.12
04/29/201004/29/2010$0.3104.01%4.01%$30.89
01/28/201001/28/2010$0.3104.30%4.30%$28.87
10/29/200910/29/2009$0.3104.33%4.33%$28.67
07/30/200907/30/2009$0.3104.70%4.70%$26.36
04/29/200904/29/2009$0.3104.52%4.52%$27.44
01/28/200901/28/2009$0.3104.87%4.91%$25.28
10/29/200810/29/2008$0.3104.61%4.69%$26.46
07/30/200807/30/2008$0.3103.69%3.78%$32.82
04/29/200804/29/2008$0.3003.33%3.33%$36.05
01/30/200801/30/2008$0.3003.37%3.64%$32.96
10/30/200710/30/2007$0.3002.50%2.94%$40.84
07/30/200707/30/2007$0.3002.22%2.86%$41.93
04/27/200704/27/2007$0.2102.10%2.24%$37.54
01/30/200701/30/2007$0.2101.86%2.12%$39.70
10/30/200610/30/2006$0.2101.73%2.11%$39.81
07/28/200607/28/2006$0.1601.86%1.86%$34.46
04/27/200604/27/2006$0.1601.49%1.56%$40.91
01/30/200601/30/2006$0.1601.57%1.73%$37.01
10/28/200510/28/2005$0.1601.43%1.66%$38.45
07/28/200507/28/2005$0.1301.48%1.48%$35.08
04/28/200504/28/2005$0.1301.68%1.71%$30.42
01/28/200501/28/2005$0.1301.66%1.73%$30.13
10/28/200410/28/2004$0.1301.48%1.58%$33.00
07/29/200407/29/2004$0.1201.60%1.60%$29.98
04/29/200404/29/2004$0.1201.28%1.30%$36.86
01/29/200401/29/2004$0.1201.23%1.29%$37.32
10/30/200310/30/2003$0.1201.18%1.26%$38.16
07/30/200307/30/2003$0.1101.41%1.41%$31.15
04/29/200304/29/2003$0.1101.42%1.42%$30.92
01/30/200301/30/2003$0.1101.78%1.78%$24.76
10/30/200210/30/2002$0.1101.56%1.56%$28.18
07/30/200207/30/2002$0.1101.69%1.69%$26.01
04/29/200204/29/2002$0.1101.16%1.22%$36.19
01/30/200201/30/2002$0.1101.11%1.23%$35.89
10/30/200110/30/2001$0.1101.17%1.36%$32.42
07/30/200107/30/2001$0.0900.93%0.93%$38.58
04/27/200104/27/2001$0.0900.97%1.06%$34.04
01/30/200101/30/2001$0.0900.66%0.80%$45.25
10/30/200010/30/2000$0.0900.46%0.62%$58.25
07/28/200007/28/2000$0.0600.55%0.55%$43.25
04/27/200004/27/2000$0.0600.62%0.68%$35.42
01/28/200001/28/2000$0.0600.71%0.86%$28.00
Page 1 of 1

Dividend Payout Ratio

Tracks the percentage of earnings paid out as dividends each quarter. Lower and stable ratios often indicate safer, more sustainable payouts.

Payout Ratio

Dividend to Free Cash Flow Ratio

Shows dividends as a percentage of free cash flow. Consistently high values may signal limited reinvestment capacity or potential dividend risk.

Dividend/FCF Ratio

Share Price

Historical closing price with range controls. Table view includes quarter‑over‑quarter and year‑over‑year changes for additional context.

PAYX Price

Price to Earnings

PAYX trades at a 71.7x price-to-earnings ratio. This elevated valuation suggests investors expect strong future growth.

Price to Sales

PAYX trades at a 22.2x price-to-sales ratio, providing insight into market valuation relative to revenue generation.

Revenue

PAYX generated $1.8B in revenue. Revenue has grown by 57% over the period.

Net Income

PAYX reported $0.6B in net income. Net income has grown by 61% over the period.

Revenue vs Net Income

PAYX generated $1.8B in revenue with net income of $0.6B, representing a 31.0% net profit margin.

Gross Profit

PAYX achieved $1.5B in gross profit, showing revenue after direct production costs.

Operating Income

PAYX generated $0.6B in operating income, representing profit from core business operations.

EBITDA

PAYX generated $0.7B in EBITDA, measuring operational profitability before interest, taxes, depreciation, and amortization.

Operating Cash Flow

PAYX generated $0.6B in operating cash flow, demonstrating the company’s ability to convert earnings into cash.

Free Cash Flow

PAYX generated $0.6B in free cash flow. Free cash flow has increased by 61% over the period.

Free Cash Flow / Share

PAYX generates $1.62 in free cash flow per share. FCF per share has grown by 61% over the period.

Earnings Per Share (EPS)

PAYX reported $1.56 in earnings per share. EPS has grown by 61% over the period.

Return on Equity (ROE)

PAYX delivered a 25.8% return on equity, indicating how effectively the company generates returns for shareholders.

Return on Assets (ROA)

PAYX achieved a 15.5% return on assets, measuring how efficiently the company uses its assets to generate profit.

Net Profit Margin

PAYX maintains a 31.0% net profit margin, showing the percentage of revenue retained as profit after all expenses.

Gross Profit Margin

PAYX operates with a 81.5% gross profit margin, reflecting pricing power and cost efficiency in core operations.

Cash & Debt

PAYX holds $0.3B in cash against $0.1B in debt, resulting in a net cash position of $0.2B.

Shares Outstanding

PAYX has 0.4B shares outstanding.

Stock-Based Comp

PAYX reported $0.0B in stock-based compensation. Over the period, stock-based compensation has increased by 57%.

FCF vs Stock Based Comp

PAYX generated $0.6B in free cash flow while spending $0.0B on stock-based compensation, representing 8% of FCF.

FCF vs FCF / Share

PAYX reported $0.6B in free cash flow, translating to $1.62 per share.

Revenue: Actual + Estimates

This chart tracks PAYX revenue: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

EPS: Actual + Estimates

This chart tracks PAYX eps: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

Net Income: Actual + Estimates

This chart tracks PAYX net income: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

EBITDA: Actual + Estimates

This chart tracks PAYX ebitda: actual + estimates metrics over time, providing insights into the company’s financial performance and trends.

Disclaimer: The information on this page is for educational and entertainment purposes only and does not constitute financial advice. Do your own research and consult a qualified financial advisor before making investment decisions. Data sources include Yahoo Finance and other third-party providers and may contain errors or delays.

Download now

Get your dividend champions spreadsheet.