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With an annual dividend yield of 4.92%, Paychex, Inc. (NASDAQ:PAYX) is included among the 12 Best NASDAQ Stocks to Buy for Dividends.

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services.

Paychex, Inc. (NASDAQ:PAYX) announced its Q4 2026 results on June 24. The company reported adjusted earnings of $1.32 per share, narrowly beating expectations by $0.01. Revenue also grew by 12.5% YoY to $1.61 billion and was roughly in line with estimates

Meanwhile, Paychex delivered a 17% YoY growth in revenue to $6.5 billion in full-year 2026, while operating cash flow increased 35% to $2.6 billion and free cash flow surged by 36% to $2.3 billion.

Paychex, Inc. (NASDAQ:PAYX) is now targeting a revenue growth of 5% to 6% in FY 2027, implying revenue of $6.84 billion – $6.90 billion. At the same time, the company expects its adjusted EPS to grow in the range of 7% to 9%, while adjusted operating margin is projected to be around 44%, up from 43.2% in the prior year.

While we acknowledge the potential of PAYX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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