What is Paychex's expected EPS for Q1 2027?

Analysts expect Paychex (PAYX) to report consensus EPS of approximately $1.32 for Q1 2027. Estimates range from $1.31 to $1.35.

What revenue do analysts expect for Paychex in Q1 2027?

The consensus revenue forecast for Paychex (PAYX) in Q1 2027 is approximately $1.63B. Forecasts range from $1.62B to $1.63B.

How many analysts cover Paychex?

11 analysts contribute to the Paychex (PAYX) Q1 2027 consensus estimate.

Has Paychex beaten earnings estimates recently?

Paychex beat analyst EPS estimates in 2 of the last 2 quarters. Paychex beat revenue estimates in 2 of 2. In the most recent quarter (Q4 2026), Paychex EPS beat by 1.1% and revenue beat by 0.3%.

When does Paychex report Q1 2027 earnings?

Paychex (PAYX) is expected to report Q1 2027 earnings on September 29, 2026 before market open.

PAYX Q1 2027 earnings estimate

Consensus EPS · Q1 2027

$1.32

Consensus revenue · Q1 2027

$1.6B

Analysts

Expected report

Sep 29, 2026

Before open

Upcoming earnings

Locks in 63 days 16 hours · BMO: Locks 8:00 PM ET previous day

Revenue$1.6B$1.6B – $1.6B

EPS$1.32$1.31 – $1.35

What to watch

Analyst ratings: Mixed

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Analyst consensus

Based on estimates from 11 analysts.

Metric	Low	Consensus	High
Revenue	$1.6B	$1.6B	$1.6B
EPS	$1.31	$1.32	$1.35
EBITDA	$728.7M	$737.8M	$742.3M
EBIT	$659.3M	$667.6M	$671.7M
Net income	$470.4M	$474M	$480.6M

Revenue$1.6B
EPS$1.32
EBITDA$737.8M
EBIT$667.6M
Net income$474M

Historical beat/miss

Actual reported results vs. analyst consensus at the time. Positive = beat, negative = miss.

Period	Rev. actual	Rev. est.	Rev. surprise	EPS actual	EPS est.	EPS surprise
Q4 2026	$1.6B	$1.6B	+0.3%	$1.32	$1.31	+1.1%
Q3 2026	$1.8B	$1.8B	+1.5%	$1.71	$1.67	+2.1%

Q4 2026+0.3%+1.1%
Q3 2026+1.5%+2.1%

Estimate revisions

How analyst consensus estimates have changed over the past 90 days.

Grade C — Mixed / flat revisions

Metric	Now	30d ago	60d ago	90d ago	30d Δ
Revenue	$1.9B	$1.9B	—	—	0%
EPS	$1.80	$1.80	—	—	0%

0 revised up (30d)0 revised down (30d)

Community vs analysts

See how the TickerLeague crowd's forecast stacks up against Wall Street.

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No community consensus for Paychex (PAYX) Q1 2027 yet. Make a prediction to start the crowd forecast.

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Analyst price target

Based on price targets from 3 analysts.

Low: $103.00
Consensus: $108.80
Median: $109.00
High: $115.00
Current: $113.55
Upside: -4.2%

Upside calculated vs most recent trading price of $113.55.

Analyst ratings

Consensus: Hold — based on 30 analyst ratings.

Buy 5Hold 19Sell 6

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
Jul 22, 2026	UBS	maintain	Neutral	Neutral
Jun 30, 2026	Morgan Stanley	maintain	Equal Weight	Equal Weight
Jun 25, 2026	UBS	maintain	Neutral	Neutral
Jun 25, 2026	JP Morgan	maintain	Underweight	Underweight
Jun 17, 2026	Stifel	maintain	Hold	Hold
Jun 15, 2026	Citigroup	upgrade	Neutral	Buy
Jun 8, 2026	TD Cowen	maintain	Hold	Hold
Apr 13, 2026	UBS	maintain	Neutral	Neutral
Mar 26, 2026	Wells Fargo	maintain	Underweight	Underweight
Mar 26, 2026	TD Cowen	maintain	Hold	Hold

Jul 22, 2026UBSNeutral
Jun 30, 2026Morgan StanleyEqual Weight
Jun 25, 2026UBSNeutral
Jun 25, 2026JP MorganUnderweight
Jun 17, 2026StifelHold
Jun 15, 2026CitigroupBuy
Jun 8, 2026TD CowenHold
Apr 13, 2026UBSNeutral
Mar 26, 2026Wells FargoUnderweight
Mar 26, 2026TD CowenHold

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