Paychex to report Q4 FY26 results, analysts revise forecasts
Paychex will release its Q4 FY26 financial results on June 24, 2026, with analysts anticipating earnings of $1.31 per share on revenue of $1.61 billion. The company recently announced a 10% increase to its quarterly dividend. Analyst ratings are mixed, with Citigroup upgrading the stock to Buy while others maintain Hold or Underweight ratings.

*this image is generated using AI for illustrative purposes only.
Paychex, Inc. is set to release its financial results for the fiscal 2026 fourth quarter and full year ended May 31, 2026, before the market opens on Wednesday, June 24, 2026. The announcement will provide insights into the performance of the human capital management (HCM) company, which serves approximately 800,000 customers in the U.S. and Europe. Analysts expect the Rochester, New York-based company to report quarterly earnings of $1.31 per share, up from $1.19 per share in the year-ago period. The consensus estimate for Paychex's quarterly revenue is $1.61 billion, compared to $1.43 billion reported last year.
To discuss these results, Paychex will host a conference call at 9:30 a.m. ET on Wednesday, June 24, 2026. The call will feature John Gibson, President and Chief Executive Officer, and Bob Schrader, Chief Financial Officer. Investors and interested parties can access the live webcast and subsequent replay through the Paychex Investor Relations portal. On May 1, Paychex declared a 10% increase to its quarterly cash dividend.
Analyst Ratings and Price Targets
Recent analyst activity highlights mixed sentiment ahead of the earnings release. Citigroup analyst Bryan Keane upgraded the stock from Neutral to Buy and raised the price target from $99 to $140 on June 15, 2026. Conversely, UBS analyst Kevin Mcveigh maintained a Neutral rating and cut the price target from $98 to $94 on April 13, 2026. Other firms have adjusted their targets as well, reflecting varying views on the company's near-term trajectory.
| Analyst Firm | Analyst | Rating | Price Target Change | Accuracy Rate |
|---|---|---|---|---|
| Citigroup | Bryan Keane | Buy | $99 to $140 | 66% |
| TD Cowen | Bryan Bergin | Hold | $94 to $98 | 53% |
| UBS | Kevin Mcveigh | Neutral | $98 to $94 | 50% |
| JP Morgan | Tien-Tsin Huang | Underweight | $125 to $100 | 60% |
| Wells Fargo | Jason Kupferberg | Underweight | $116 to $95 | 51% |
Key Event Details
| Event | Date | Time |
|---|---|---|
| Financial Results Release | June 24, 2026 | Before market open |
| Conference Call | June 24, 2026 | 9:30 a.m. ET |
Paychex, Inc. is a digitally driven HR leader offering comprehensive HCM solutions for organizations of all sizes. The company pays 1 out of every 11 American private sector workers and provides a full spectrum of HR advisory and employee solutions. Further information, including SEC filings and investor presentations, is available on the Paychex Investor Relations portal.
How will the recent 10% dividend increase impact Paychex's capital allocation strategy moving forward?
What factors are driving the significant divergence in analyst price targets between Citigroup and UBS?
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