Paychex, Inc.
Paychex, Inc. (XETRA: PCX) is trading at €87.16, about ₹9,487 at today's EUR/INR rate, as of 30 Sep 2026, 4:43 PM ET, down 0.59% today. Indian residents can buy Paychex from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€87.16
Today's high
€88.66
52 week low
€72.82
52 week high
€111.58
PCX opened at €87.27, closed previously at €87.68, and has traded between €72.82 and €111.58 over the past 52 weeks.
About
Paychex, Inc. offers comprehensive, integrated human capital management (HCM) solutions designed for the human resources, payroll, benefits, and insurance needs of small to medium-sized businesses across the United States, Europe, and India. The company's service portfolio includes essential payroll functions such as processing, tax administration, employee payment services, and ensuring regulatory compliance through tasks like new-hire reporting and garnishment processing. For human resources, Paychex provides extensive solutions covering payroll administration, employer compliance, benefits management, risk management outsourcing, and the availability of professionally trained HR representatives directly on-site. Its retirement services manage plan implementation, ongoing compliance with governmental rules, detailed employee and employer reporting, online access for participants and employers, and electronic funds transfer capabilities, among other administrative services. Furthermore, the company develops cloud-based HR administration software. These products aid in employee benefits management, time and attendance tracking, digital communication, recruitment, and onboarding processes. Paychex also extends various business support services, including plan administration outsourcing and state unemployment insurance services. It offers payroll funding and comprehensive outsourcing, which encompasses payroll processing, invoicing, and tax preparation. Additional financial services include payment processing, financial wellness programs, and a dedicated small-business loan resource center. In the realm of insurance, Paychex supplies property and casualty coverage, featuring workers' compensation, business-owner policies, cyber security protection, and commercial auto insurance. It also provides health and benefits coverage, such as health, dental, vision, and life insurance. The company primarily markets and sells its diverse range of services through its dedicated direct sales force. Established in 1971, Paychex is headquartered in Rochester, New York.
Key statistics
Avg. volume
79.00
Market cap
€31.00B
P/E Ratio
19.50
Price-to-sales ratio
5.31
Enterprise value
$40.43B
Free cash flow yield
6.27%
Debt-to-equity ratio
1.25
Return on equity
47.12%
ROIC
20.49%
Beta
0.43
Dividend yield
4.61%
Last dividend
€3.90
Financial overview
Revenue
$6.50B
Earnings per share
$4.90
Free cash flow
$2.32B
Net profit margin
27.35%
Gross margin
74.39%
EBITDA
$2.51B
Revenue growth
16.74%
Similar securities
This is not an investment recommendation
How to buy Paychex from India
Indian residents can buy Paychex shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to EUR.
Search for Paychex and place an order
Find Paychex by name or by its ticker, PCX, and choose an order type. Paychex trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Paychex position in EUR and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Paychex from India
Trading and taxes when buying Paychex from India
Trading and limits
- Trading hours
- 9:00 am – 5:30 pm CET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Paychex’s current yield is 4.61%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Paychex stock?
Yes. Paychex (PCX) has been listed on XETRA since 2022, in the Staffing & Employment Services industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to EUR. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Paychex share cost in rupees?
One Paychex share is €87.16 — about ₹9,487 at an EUR/INR rate of 108.84 on 30 Sep 2026. Both the Paychex price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Paychex from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Paychex shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the EUR/INR rate on the purchase and the sale date, so the rupee move counts alongside the Paychex price. Paasa issues a capital-gains statement for your return.
Does Paychex pay a dividend, and how is it taxed in India?
Yes. Paychex pays a dividend and the current yield is 4.61%; the last declared dividend was €3.90 per share, about ₹425.01. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Paychex from India?
XETRA trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when Germany is on standard time. Orders can only execute during that window.
Is Paychex a Germany company, and does that change how it is taxed?
Paychex trades on XETRA in EUR, but the company is domiciled in United States. Paychex trades as an ordinary share listed directly in Germany, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Paychex shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Paychex holding, its cost and its closing value.
How do I sell Paychex and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in EUR in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Paychex?
Yes. Paychex is priced in EUR, so your rupee outcome combines the EUR move with the EUR/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.