Revenue segments as reported by the company.

Service revenue

Interest on funds held for clients

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expenses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Paychex

Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resources, insurance and retirement for small and medium-sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.

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Paychex reports strong Q1 earnings, eyes digital growth opportunities

Paychex's Q1 2023 performance reflects strong financial results and a focus on strategic growth opportunities. While facing challenges related to client retention and potential headwinds from tax credits, the company is leveraging its strengths in technology and financial position to capitalize on opportunities in the digital and HR analytics space. Paychex remains cautiously optimistic about the coming year's growth, particularly in light of labor supply challenges and potential interest rate impacts.

Paychex reports strong Q2 performance and focuses on AI capabilities

Paychex's Q2 2023 performance showcased strong revenue and earnings growth, along with positive trends in client revenue and HR outsourcing worksite employee retention. The company's acquisition and financial position demonstrate stability and strategic foresight. While challenges persist, Paychex is cautiously optimistic about the future and is focused on leveraging opportunities in AI capabilities and small business funding access.

Paychex reports robust Q3 results, eyes SECURE Act opportunities

Paychex delivered strong financial performance amidst market challenges in Q3
The company's focus on ethical operations, innovation, and client support sets it apart
Opportunities lie in leveraging SECURE Act 2.0, technology, and strategic growth initiatives
Challenges include market competition, economic factors, and margin considerations

Paychex reports record FY '23 performance amidst macro uncertainties

Paychex's strong financial performance and strategic focus on innovation and customer experience position it for continued success. While facing challenges related to macroeconomic uncertainties and evolving labor dynamics, the company is proactively pursuing growth opportunities and enhancing its service offerings.

Paychex reports solid Q1 growth, eyes SMB lending opportunities

Paychex's Q1 performance reflects strong revenue and earnings growth, with a focus on client services and innovation. While facing challenges from regulatory changes and interest rate fluctuations, the company is well-positioned to capitalize on opportunities in HR solutions and SMB lending through strategic initiatives.

Paychex posts solid Q2 results, raises guidance amidst challenges

Paychex reports strong Q2 results, raises guidance for FY 2024. Focus on AI, PEO, and retirement segments for growth. Facing challenges with ERTC headwinds and rising bankruptcies. Opportunities in HR tech advisory solutions and SMB market.

Paychex reports solid Q3 results, eyes growth through acquisitions and AI

Paychex navigated challenges from ERTC wind-down, focusing on growth strategies and operational efficiency. Strong financial position, ethical reputation, and digitalization investments position the company well for future opportunities.

Paychex Reports Solid Growth, Optimistic FY 2025 Outlook

Paychex has successfully navigated a challenging fiscal year with strong financial performance and strategic adjustments. The company's robust client retention, leadership in retirement services, and technological innovations position it well for continued growth. With a positive outlook for FY 2025 and a strong commitment to shareholder returns, Paychex remains a formidable player in the HR management and payroll services industry.

Paychex reports steady Q1 growth, eyes new products and acquisitions

Paychex delivered solid Q1 performance with revenue and earnings growth, returning value to shareholders through dividends and share repurchases.
Maintaining guidance for FY 2025, the company focuses on new product launches, AI solutions, and strategic acquisitions for future growth.
Challenges include margin pressures in Q2, operational execution risks, and managing expenses amidst market uncertainties.
Opportunities lie in go-to-market strategies, margin expansion, acquisitions, and HR outsourcing growth to drive revenue and profitability.

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Cost of revenue

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SG&A

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EBITDA

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Minority interest

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Book value per share

Cash from operations

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Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Paychex, Inc. provides human capital management solutions for payroll, human resources, insurance and retirement for small and medium-sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, finance and payments, human resources services and startup services. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.

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ROCHESTER, N.Y. , April 4, 2023 /PRNewswire/ -- Small business employment has grown consistently during the first quarter of 2023, according to the Paychex | IHS Markit Small Business Employment Watch.

Small Business Jobs and Wages Increase Modestly in March

Although the revenue and EPS for Paychex (PAYX) give a sense of how its business performed in the quarter ended February 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Paychex (PAYX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates (Revised)

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Put High-Yield Paychex, Inc. On Your Watchlist

Paychex (PAYX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

PAYX delivered another solid quarter of growth in both earnings and revenue. With a recession expected later this year, there could be some headwinds, but forecasts are still for solid growth.

Paychex: A Solid All-Around Quarter

Paychex, Inc. (NASDAQ:PAYX ) Q3 2023 Results Conference Call March 29, 2023 9:30 AM ET Company Participants John Gibson - President and Chief Executive Officer Efrain Rivera - Senior Vice President, Chief Financial Officer Conference Call Participants Kevin McVeigh - Credit Suisse David Togut - Evercore ISI Ramsey El-Assal - Barclays Daniel Maxwell - William Blair Samad Samana - Jefferies Jared Levine - TD Cowen Jason Kupferberg - Bank of America Kartik Mehta - Northcoast Research Bryan Keane - Deutsche Bank Peter Christiansen - Citi Mark Marcon - Baird Eugene Simuni - Masset Makinson James Faucette - Morgan Stanley Andrew Polkowitz - JPMorgan Operator Good day, everyone, and welcome to today's Paychex Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Paychex, Inc. (PAYX) Q3 2023 Earnings Call Transcript

Paychex's (PAYX) third-quarter fiscal 2023 earnings and revenues increase year over year.

Paychex (PAYX) Q3 Earnings & Revenues Beat, Adjusts FY23 View

Paychex (PAYX) delivered earnings and revenue surprises of 4.03% and 1.48%, respectively, for the quarter ended February 2023. Do the numbers hold clues to what lies ahead for the stock?

Paychex (PAYX) Beats Q3 Earnings and Revenue Estimates

Shares of Paychex Inc. PAYX powered up 4.2% in premarket trading Wednesday, after the human resources outsourcing services company reported fiscal third-quarter earnings that beat expectations and lifted its profit growth outlook, citing “remarkable resiliency” of small businesses. Net income for the quarter to Feb. 28 rose to $467.4 million, or $1.29 a share, from $430.7 million, or $1.19 a share, in the year-ago period.

Paychex stock powers up after profit and revenue rise above expectations, amid ‘remarkable resiliency' of small businesses

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc.

Paychex, Inc. Reports Third Quarter Results: Strong Revenue and Earnings Growth

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Earnings Previews: Lululemon, Micron, Paychex

Paychex (PAYX) is poised for a better-than-expected earnings performance with improved segment results.

What are the Expectations From Paychex's (PAYX) Q3 Earnings?

Paychex (PAYX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Paychex (PAYX)

This is the first of four major investments committed by Paychex to support workers of U.S. businesses   ROCHESTER, N.Y. , March 22, 2023 /PRNewswire/ --  Paychex, Inc. , a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that Mental Health America (MHA) will receive a $1 million grant from the Paychex Charitable Foundation to support the organization's work raising awareness about the importance of prioritizing mental health care.

Paychex Charitable Foundation to Donate $1 Million to Mental Health America

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ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2023 third quarter ended February 28, 2023. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, March 29, 2023. The Company will host a conference call at 9:30 a.m. ET on Wednesday, March 29, 2023, to review the results for the quarter.

Paychex, Inc. Schedules Third Quarter Fiscal 2023 Earnings Conference Call for March 29, 2023

Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance, and governance practices ROCHESTER, N.Y. , March 13, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been named among one of the 2023 World's Most Ethical Companies® on Ethisphere's annual list for the 15th time.

Paychex Named One of The World's Most Ethical Companies by Ethisphere for the 15th Time

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Paychex index data also shows weekly earnings growth hit a new record as small business employees work more hours per week to increase their paychecks ROCHESTER, N.Y. , March 7, 2023 /PRNewswire/ -- The rate of hiring for U.S. small businesses increased in February led by hiring in the leisure and hospitality industry according to the latest Paychex | IHS Markit Small Business Employment Watch.

Small Business Job Growth Improved for the Second Consecutive Month While Wage Inflation Continues to Cool

The company helps businesses impacted by the COVID-19 pandemic receive access to government funding ROCHESTER, N.Y. , March 6, 2023 /PRNewswire/ -- Paychex, Inc. , a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has won a bronze Stevie® Award for the company's Employee Retention Tax Credit (ERTC) Service.

Paychex Wins 2023 Stevie Award for ERTC Service

The company's predictive analytics technology was recognized for its innovation and impact on retaining top talent ROCHESTER, N.Y. , Feb. 22, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been recognized as a 2023 Top New Product honoree for Paychex Retention Insights within the Human Capital Management Tools category of the annual list.

Paychex Retention Insights Named Top New Product by Accounting Today

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ROCHESTER, N.Y. , Feb. 15, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been recognized as one of the top training organizations in the world with a 2023 Training APEX Award presented by Training magazine.

Paychex Ranks Fifth on List of World's Best Training Organizations

The 4 factor dividend growth portfolio was launched on November 1st, 2022, and is thus far off to a great start. The portfolio lost by 11 bps to the S&P 500 Total Return during the month of January.

News for Paychex Stock (PAYX)