Paychex Board Approves New $1 Billion Stock Buyback

Dow Jones

01/16

By Colin Kellaher

Paychex's board has authorized the repurchase of up to $1 billion of the human-capital-management company's common stock.

Paychex on Friday said the new buyback replaces a $400 million program approved in 2024 that had about $9.4 million remaining as of Nov. 30.

The Rochester, N.Y., company, which had nearly 359 million shares outstanding as of Nov. 30, sports a market capitalization of around $39.7 billion.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 16, 2026 09:30 ET (14:30 GMT)

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