Paychex authorizes $1B for stock buybacks

How big is it?

Paychex bought back $451M of stock in the twelve months to Aug 31, 2026. At that pace, $1.0B covers about 2.2 years of buybacks.

The amount equals 50% of its free cash flow over the same twelve months ($2.0B).

Its diluted share count is down 1.5% from a year earlier.

An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.

Full Paychex buyback record →