Paychex (XTER:PCX) Dividend Payout Ratio: 0.00 (As of May. 2026)

Paychex XTER:PCX +0.05% 81 Dividend Payout Ratio is 0.00 as of May. 2026. GuruFocus rates XTER:PCX with a GF Score™ of 81/100 and a GF Value™ of €136.04 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 866 Software companies, Paychex ranks worse than 79.68% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Paychex's Dividend Payout Ratio for the months ended in May. 2026 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Paychex Inc is 0.80, which seems too high.

The historical rank and industry rank for Paychex's Dividend Payout Ratio or its related term are showing as below:

XTER:PCX' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39 Med: 0.81 Max: 0.83
Current: 0.39

During the past 13 years, the highest Dividend Payout Ratio of Paychex was 0.83. The lowest was 0.39. And the median was 0.81.

XTER:PCX's Dividend Payout Ratio is ranked worse than
79.68% of 866 companies
in the Software industry
Industry Median: 0.41 vs XTER:PCX: 0.39

As of today (2026-06-29), the Dividend Yield % of Paychex is 2.13%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Paychex was 5.05%. The lowest was 1.87%. And the median was 2.85%.

Paychex's Dividends per Share for the months ended in May. 2026 was €0.00.

During the past 12 months, Paychex's average Dividends Per Share Growth Rate was 10.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Paychex was 93.50% per year. The lowest was -19.40% per year. And the median was 13.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Paychex (XTER:PCX) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Paychex Dividend Payout Ratio Related Terms

Paychex Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Paychex's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Paychex Dividend Payout Ratio Chart

Paychex Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

May24

May25

May26

Dividend Payout Ratio

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0.74

0.56

0.38

0.00

0.39

Paychex Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	0.00	0.86	0.63	0.00

XTER:PCX vs ROP, WDAY, ADSK: Dividend Payout Ratio Comparison

For the Software - Application subindustry, Paychex's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Paychex Dividend Payout Ratio vs Software Industry

For the Software industry and Technology sector, Paychex's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Paychex's Dividend Payout Ratio falls into.

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81GF Score

Paychex Inc XTER:PCX

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Paychex Dividend Payout Ratio Calculation

Paychex's Dividend Payout Ratio for the fiscal year that ended in May. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: May. 2026 )	/	EPS without NRI (A: May. 2026 )
	=	1.849	/	4.717
	=	0.39

Paychex's Dividend Payout Ratio for the quarter that ended in May. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: May. 2026 )	/	EPS without NRI (Q: May. 2026 )
	=	0	/	1.13
	=	0.00

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.00 mean?

Paychex (XTER:PCX) has a Dividend Payout Ratio of 0.00 as of May. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Paychex and its competitors. Over the past decade, Paychex's Dividend Payout Ratio has ranged from 0.39 to 0.83. According to the industry distribution chart, Paychex ranks #690 out of 866 companies in the Software industry, placing it in the top 79.7%.

Is Paychex's Dividend Payout Ratio too high?

Paychex's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.83. Based on the distribution chart, Paychex ranks #690 out of 866 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Paychex has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Paychex's Dividend Payout Ratio compare to ROP and WDAY?

According to the Software industry distribution chart, Paychex ranks #690 out of 866 companies for Dividend Payout Ratio. This places Paychex in the lower half of its industry. The industry median Dividend Payout Ratio is 0.41. Historically, Paychex's own Dividend Payout Ratio has ranged from 0.39 to 0.83 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Software company?

The median Dividend Payout Ratio among Software companies is 0.41, based on 866 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Paychex and its competitors. For the Software industry, the median Dividend Payout Ratio is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paychex's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Paychex stock overvalued right now?

Based on GuruFocus' analysis, Paychex (XTER:PCX) is currently considered Significantly Undervalued. The stock's GF Value™ is €136.04, compared to a current price of €86.93 — trading 36.1% below its estimated fair value. The current Dividend Payout Ratio is 0.00. Paychex's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Paychex (XTER:PCX), the current Dividend Payout Ratio is 0.00 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Paychex (XTER:PCX) Overvalued in 2026?

Based on GuruFocus' analysis, Paychex stock appears to be undervalued. The current stock price of €86.93 is trading 36.1% below its estimated GF Value™ of €136.04. GuruFocus considers Paychex to be Significantly Undervalued.

Key valuation signals for XTER:PCX:

Dividend Payout Ratio: 0.00
GF Value™: €136.04 vs. price of €86.93 (36.1% below fair value)
GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the XTER:PCX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Paychex Business Description

Industry Technology Software

Comparable Companies ROP WDAY ADSK MSTR FICO ZM TEAM SSNC GRAB PTC XTER:SAP UBER SHOP CRM CDNS NOW ADP SNOW DDOG ADBE

Other Exchanges PAYX:USA PAYX:Mexico 1PAYX:Italy 0KGE:UK PCX:Germany PAYX:Austria

Address 911 Panorama Trail South, Rochester, NY, USA, 14625-2396

Website https://www.paychex.com

Paychex is a cloud-based human capital management provider offering payroll, compliance, talent management, benefits administration, and retirement services. The firm also provides HR outsourcing services, including professional employer organization, or PEO, offerings, enabling clients to reduce HR overhead. Paychex primarily targets small and midsize businesses, although its acquisition of Paycor in 2025 signals the firm's aspirations to expand into the midmarket segment, serving firms with more than 100 employees. As of fiscal 2025, Paychex has approximately 800,000 clients and manages payroll for one in 11 workers in the United States.

81GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€86.93

Price

€136.04

GF Value

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