Paychex (PAYX) EV to EBITDA (2009 - 2026)
Paychex's (PAYX) quarterly EV to EBITDA came in at 55.14 in Q2 2026, down 56.97% year-over-year from 128.16 in Q2 2025, and up 37.5% quarter-over-quarter from 40.1 in Q1 2026.
Analysis
Paychex (PAYX) EV to EBITDA (2009 - 2026) Analysis & Trends
Paychex has disclosed EV to EBITDA across 18 years of filings, most recently posting 55.14 for Q2 2026.
- In Q2 2026, EV to EBITDA fell 56.97% year-over-year to 55.14; the TTM figure through May 2026 stood at 13.28 (down 46.93% YoY), while the FY2026 annual figure was 13.28, down 46.93% from the prior year.
- EV to EBITDA came in at 55.14 for Q2 2026 at Paychex, up from 40.1 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 128.16 in Q2 2025 to a low of 40.1 in Q1 2026.
- Average EV to EBITDA over 5 years is 80.93, with a median of 81.76 recorded in 2024.
- Year-over-year, EV to EBITDA jumped 47.89% in 2025 and slumped 56.97% in 2026.
- Over 5 years, EV to EBITDA stood at 92.0 in 2022, then retreated by 8.79% to 83.91 in 2023, then rose by 13.86% to 95.53 in 2024, then retreated by 29.42% to 67.43 in 2025, then declined by 18.22% to 55.14 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 55.14 in Q2 2026, 40.1 in Q1 2026, and 67.43 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Automatic Data Processing | 110.44 Bn | 106.21 Bn | 2.51 Bn |
| 2 | Paychex | 43.28 Bn | 42.14 Bn | 1.19 Bn |
| 3 | Paycom Software | 10.27 Bn | 10.07 Bn | 412.40 Mn |
| 4 | Paylocity Holding | 8.11 Bn | 7.84 Bn | 300.38 Mn |
| 5 | Kanzhun | 7.88 Bn | 5.57 Bn | 306.38 Mn |
| 6 | Alight | 393.98 Mn | 180.98 Mn | 142.00 Mn |
| 7 | Asure Software | 267.49 Mn | 247.81 Mn | 25.06 Mn |
| 8 | Dhi | 194.97 Mn | 191.20 Mn | 25.04 Mn |
| 9 | CXApp | 5.71 Mn | 5.71 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 55.14 |
| Feb 28, 2026 | 40.10 |
| Nov 30, 2025 | 67.43 |
| Aug 31, 2025 | 89.54 |
| May 31, 2025 | 128.16 |
| Feb 28, 2025 | 76.64 |
| Nov 30, 2024 | 95.53 |
| Aug 31, 2024 | 83.60 |
| May 31, 2024 | 86.66 |
| Feb 29, 2024 | 65.26 |
| Nov 30, 2023 | 83.91 |
| Aug 31, 2023 | 79.16 |
| May 31, 2023 | 79.93 |
| Feb 28, 2023 | 62.50 |
| Nov 30, 2022 | 92.00 |
| Aug 31, 2022 | 87.18 |
| May 31, 2022 | 110.01 |
| Feb 28, 2022 | 73.96 |
| Nov 30, 2021 | 95.38 |
| Aug 31, 2021 | 90.60 |