Paychex (PAYX) Dividend Coverage Ratio (2009 - 2026)
Paychex's (PAYX) Dividend Coverage Ratio stood at 1.01 in fiscal Q1 2027 (quarter ended Aug 31, 2026), up 2.7% from 0.99 a year earlier and up 2.3% from the prior quarter.
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Analysis
Paychex (PAYX) Dividend Coverage Ratio (2009 - 2026) Analysis & Trends
On a TTM basis, Paychex's Dividend Coverage Ratio came in at 1.11 as of Aug 31, 2026, up 2.2% year-over-year; for FY2026 (ended May 31, 2026), it came in at 1.11, down 3.2% from FY2025.
- Annual Dividend Coverage Ratio has declined for four straight fiscal years.
- Across earlier fiscal years, Dividend Coverage Ratio came in at 1.14 in FY2025 (-11.0%), 1.29 in FY2024 (-3.0%), 1.33 in FY2023 (-4.9%) and 1.39 in FY2022 (+15.4%).
- Quarterly Dividend Coverage Ratio has ranged from 0.76 in fiscal Q4 2025 to 1.81 in fiscal Q3 2022 over the past five years.
- On a year-over-year basis, Dividend Coverage Ratio rose in two of the last eight quarters, with an average decline of 5.0%.
- Peak year-over-year performance for Dividend Coverage Ratio in the last five years was growth of 29.8% in fiscal Q4 2026, against a decline of 67.5% in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 0.99 (Q4 2026), 1.44 (Q3 2026) and 1.02 (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 480.73 Bn | 449.68 Bn | 1.64 Bn | - |
| 2 | Oracle | 399.91 Bn | 272.04 Bn | - | 2.99 |
| 3 | Sap Se | 262.30 Bn | 190.08 Bn | 8.40 Bn | - |
| 4 | Salesforce | 202.26 Bn | 158.13 Bn | 8.70 Bn | - |
| 5 | ServiceNow | 153.84 Bn | 132.30 Bn | 2.82 Bn | - |
| 6 | Automatic Data Processing | 114.84 Bn | 96.97 Bn | 2.51 Bn | - |
| 7 | Intuit | 91.04 Bn | 70.38 Bn | 3.44 Bn | - |
| 8 | Relx | 70.51 Bn | 69.60 Bn | - | - |
| 9 | Strategy | 53.24 Bn | 46.23 Bn | 81.55 Mn | - |
| 10 | Paychex | 39.41 Bn | 34.49 Bn | 1.20 Bn | 1.01 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 1.01 |
| May 31, 2026 | 0.99 |
| Feb 28, 2026 | 1.44 |
| Nov 30, 2025 | 1.02 |
| Aug 31, 2025 | 0.99 |
| May 31, 2025 | 0.76 |
| Feb 28, 2025 | 1.47 |
| Nov 30, 2024 | 1.17 |
| Aug 31, 2024 | 1.21 |
| May 31, 2024 | 1.08 |
| Feb 29, 2024 | 1.56 |
| Nov 30, 2023 | 1.23 |
| Aug 31, 2023 | 1.30 |
| May 31, 2023 | 1.09 |
| Feb 28, 2023 | 1.64 |
| Nov 30, 2022 | 1.27 |
| Aug 31, 2022 | 1.33 |
| May 31, 2022 | 1.04 |
| Feb 28, 2022 | 1.81 |
| Nov 30, 2021 | 1.39 |
API Access
Paychex Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=PAYX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "PAYX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=PAYX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();