S&P 500 comparison · Industrials

Automatic Data Processing vs Paychex

Prices at close . Model readings .

Automatic Data Processing

$285.37−2.64%
Month: positiveLong run: neutral

Paychex

$108.21−0.96%
Month: positiveLong run: neutral
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), Automatic Data Processing is the larger company by market value ($115.09B against $38.59B). Over the past year Automatic Data Processing returned +4% and Paychex −9.6%, while the S&P 500 returned +12.7%. The latest filed P/E is 20.5 for Automatic Data Processing and 25.1 for Paychex, and the operating margin -0.2% against 38%. Over the next 21 sessions the model expects +0.88% for Automatic Data Processing, with a 71% chance of a rise, and +0.94% for Paychex, with a 79% chance. Automatic Data Processing's long-run fair value is $262.04, a gap of −8.2% to its price; the long-run model view is neutral. Paychex's long-run fair value is $109.32, a gap of +1% to its price; the long-run model view is neutral.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
ADP+0.88%
PAYX+0.94%
Chance of a risenext 21 sessions
ADP71%
PAYX79%
Expected returnnext 63 sessions
ADP+1.07%
PAYX+1.48%
Range of outcomes63 sessions, 80% band
ADP−18.2% to +20.4%
PAYX−21.5% to +24.5%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
ADP$262.0428 Oct 2026
PAYX$109.3228 Oct 2026
Gap to pricefair value against the close
ADP−8.2%
PAYX+1%
Past readings that matchedsign of the 21-session outcome
ADP44.2%of 269
PAYX42.8%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
ADP+9%
PAYX+9%
6 monthsS&P 500: +8.5%
ADP+33.7%
PAYX+17.7%
Year to dateS&P 500: +13.3%
ADP+12.7%
PAYX−0.3%
1 yearS&P 500: +12.7%
ADP+4%
PAYX−9.6%
5 yearsS&P 500: +70.7%
ADP+48.8%
PAYX+3.7%
1 year against the S&P 500percentage points
ADP−8.7 pts
PAYX−22.3 pts
Position in the 52-week range0% low, 100% high
ADP80%close $285.37 in $186.74 to $309.40
PAYX56%close $108.21 in $83.50 to $127.98
Against the 200-day average
ADP+19.6%
PAYX+5.9%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (ADP), (PAYX)
Market value
ADP$115.09B28 Oct 2026
PAYX$38.59B28 Oct 2026
Enterprise valueat the last filing
ADP$91.05B30 Jun 2026
PAYX$49.39B31 Aug 2026
P/Elatest filed
ADP20.5
PAYX25.1
Price to book
ADP14.98
PAYX12.25
EV / EBITDA
ADP170.99
PAYX16.29
Free cash flow yield
ADP5.81%
PAYX4.44%
Dividend yield
ADP2.91%
PAYX3.58%
Questions

Automatic Data Processing or Paychex: common questions

Which is larger by market value, Automatic Data Processing or Paychex?

Automatic Data Processing, at $115.09B against $38.59B for Paychex, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Automatic Data Processing or Paychex?

Paychex has the higher latest filed P/E, 25.1; Automatic Data Processing's is 20.5. Filings: quarter to 30 Jun 2026 and 31 Aug 2026.

How did Automatic Data Processing and Paychex move over the past year against the S&P 500?

Over the past year Automatic Data Processing returned +4% and Paychex −9.6%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Automatic Data Processing and Paychex over the next month?

+0.88% for Automatic Data Processing with a 71% chance of a rise, and +0.94% for Paychex with a 79% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Automatic Data Processing and Paychex compare?

The operating margin is -0.2% for Automatic Data Processing and 38% for Paychex, and the gross margin 46.4% against 73.6%. Filings: quarter to 30 Jun 2026 and 31 Aug 2026.

Do Automatic Data Processing and Paychex shares move together?

Over the past year the correlation of their daily returns was 0.87 (closely together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

In the consoleCompare up to four companies with every model readingMembers see the 63-session chance of a rise and all four horizons, side by side in Research › Compare.
Open in the console
The two company pagesAutomatic Data Processing (ADP) forecast and analysisPaychex (PAYX) forecast and analysis
More comparisonsAutomatic Data Processing vs Broadridge Financial Solutions
BrowseAll Industrials companiesAll comparisonsHow the model readings are made

Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.