Paychex, Inc. vs Workday, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
PAYX: 3—WDAY: 2wins
Rule of 40
49.6PAYX
37.2WDAY
check_circlePAYX leads
Revenue Growth
14.9%PAYX
18.1%WDAY
check_circleWDAY leads
Gross Margin
74%PAYX
98%WDAY
check_circleWDAY leads
FCF Margin
34.8%PAYX
19.2%WDAY
check_circlePAYX leads
Operating Margin
41.8%PAYX
11.6%WDAY
check_circlePAYX leads
NRR
—PAYX
—WDAY
Metric
Rule of 40Efficiency score
PAYX
49.6check_circle
WDAY
37.2
Revenue GrowthYoY
PAYX
14.9%
WDAY
18.1%check_circle
Gross Margin% of revenue
PAYX
74%
WDAY
98%check_circle
FCF MarginFree cash flow
PAYX
34.8%check_circle
WDAY
19.2%
Operating MarginGAAP
PAYX
41.8%check_circle
WDAY
11.6%
NRRNet retention
PAYX
N/A
WDAY
N/A
EV / RevenueValuation multiple
PAYX
7.8x
WDAY
5.5xcheck_circle
Market CapUSD
PAYX
$45.2B
WDAY
$53.6Bcheck_circle
ARR GrowthYoY
PAYX
N/A
WDAY
N/A
CAC PaybackMonths to recover
PAYX
N/A
WDAY
N/A
insights
Analysis
As of Q1 2026, Paychex, Inc. trades at 7.8x EV/Revenue versus Workday, Inc. at 5.5x. On the Rule of 40, Paychex, Inc. scores 49.6 compared to Workday, Inc.'s 37.2, placing Paychex, Inc. ahead in operating efficiency. Gross margins stand at Paychex, Inc. 74% vs Workday, Inc. 98%.
Sector Context
Both companies operate in the HR Tech sector. The median columns above show where each company stands relative to their peers.