PAYX News & Events

Paychex announced that its board of directors has authorized the purchase of up to $1B of the company's common stock. The new authorization replaces the prior 2024 authorization to repurchase $400M of the company's common stock.

Paychex (PAYX) announced a new partnership with PayPal (PYPL) within its Paychex Flex Perks platform, Paychex's digital marketplace of curated employee benefits. Through this collaboration, employees of Paychex customers have the ability to set up PayPal Direct Deposit, providing up to two-day early access to their paychecks.