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.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

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Current assets

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Minority interest

Total liabilities & equity

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Net debt

Book value per share

Cash from operations

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Change in working capital

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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.

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has again been named among the Business Group on Health's Best Employers for Excellence in Health & Well-being. For the 10th time, Paychex has been recognized for the company's commitment to providing comprehensive and innovative benefits programs that advance the health and well-being of over 1.

Paychex Recognized for Excellence in Health & Well-being by Business Group on Health

Jefferies has slapped a hold rating on Paychex Inc (NASDAQ:PAYX) stock after the human resources group reported a third-quarter revenue shortfall and downbeat forecast. Paychex's revenues fell short of expectations mainly due to lower Employee Retention Tax Credit (ERTC) claims, softer hiring trends, and greater discounting than anticipated.

Paychex's softer revenue outlook sparks share price caution - analyst

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #EmploymentTrends--According to the Paychex Small Business Employment Watch, the Small Business Jobs Index grew 0.18 percentage points in March to 100.85 – the first increase year-to-date – but remained below pre-pandemic levels for the first three months of 2024. Hourly earnings growth for workers at U.S. companies with fewer than 50 employees continued a steady deceleration that began in mid-2022, ending March at 3.27% growth year-over-year. “An increase in the jobs index coupl.

U.S. Small Business Job and Wage Growth Remain Steady

Paychex, Inc. (NASDAQ:PAYX ) Q3 2024 Results Conference Call April 2, 2024 9:30 AM ET Company Participants John Gibson - President and Chief Executive Officer Bob Schrader - Chief Financial Officer Conference Call Participants Mark Marcon - Baird Kevin McVeigh - UBS Tien-Tsin Huang - JPMorgan Bryan Bergin - TD Cowen Samad Samana - Jefferies James Faucette - Morgan Stanley Ramsey El-Assal - Barclays David Paige - RBC Capital Markets Bryan Keane - Deutsche Bank Scott Wurtzel - Wolfe Research 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 2024 Earnings Call Transcript

Paychex's (PAYX) third-quarter fiscal 2024 revenues rise y/y due to improved segmental performances.

Paychex (PAYX) Q3 Earnings Beat Estimates, Revenues Miss

Paychex, Inc.'s NASDAQ: PAYX stock price is falling into a buying opportunity that retirement-oriented income investors should heed. The only trouble with the Q3 results and guidance is that they failed to exceed expectations, and the stock valuation was high.

Buy the Dip in Paychex, Inc. for a Pay Check at Retirement

Although the revenue and EPS for Paychex (PAYX) give a sense of how its business performed in the quarter ended February 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Paychex (PAYX) Q3 Earnings: A Look at Key Metrics

Paychex (PAYX) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.29 per share a year ago.

Paychex (PAYX) Beats Q3 Earnings Estimates

Paychex posts fiscal third-quarter revenue of $1.44 billion, missing analysts' estimates of $1.46 billion.

Paychex Stock Falls After Revenue Misses Estimates

Shares of Paychex Inc. PAYX, -0.96% sank 8.3% toward a five-month low in premarket trading Tuesday, after the human resources outsourcing company reported fiscal third-quarter revenue expectations and trimmed its full-year outlook, citing a lower contribution from its Employee Retention Tax Credit service. Net income for the quarter to Feb. 29 rose to $498.6 million, or $1.38 a share, from $467.4 million, or $1.29 a share, in the same period a year ago.

Paychex's stock sinks after revenue miss, lowered full-year growth outlook

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended February 29, 2024 (the "third quarter"), as compared to the corresponding prior-year period:     For the three months ended             For the nine months ended               February 29,     February 28,             February 29,     February 28,           In millions, except per share amounts   2024     2023     Change(2)   2024  .

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

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4 Factor Dividend Growth Portfolio - A Strong Finish To Quarter 1

Pfizer

TROY, Mich. , March 28, 2024 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Paychex Inc. (NYSE: PAYX) as its "Stock to Study" and Pfizer Inc. (NYSE: PFE) as its "Undervalued Stock" in the June/July 2024 issue for investors' informational and educational use.

BetterInvesting™ Magazine Update on Paychex Inc. and Pfizer Inc.

Marriott

Oracle

The stock market continues to hit new record highs, with investors eagerly seeking out unstoppable growth stocks to buy in March. These stocks can present a first-class ticket to wealth, even for the less experienced participants.

First Class Ticket to Wealth: 3 Unstoppable Growth Stocks to Buy in March

Paychex's (PAYX) third-quarter fiscal 2024 top line is likely to have benefited from improved revenues in Management Solutions, and PEO and insurance solution units.

Will Top-Line Improvement Aid Paychex (PAYX) in Q3 Earnings?

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has been recognized on FORTUNE® magazine's list of America's Most Innovative Companies for the second consecutive year. Paychex was awarded for the company's commitment to industry-leading HR solutions while fostering a culture of innovation. The list presented by FORTUNE and Statista, Inc., feature.

Paychex Named Among FORTUNE's Most Innovative Companies

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) today announced that it has changed the date for its previously announced earnings conference call due to a scheduling conflict. The company will now host a conference call at 9:30 a.m. ET on Tuesday, April 2, 2024, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice president and CFO. Paychex will release results for the fiscal 2024 third quarter en.

Paychex, Inc. Reschedules Release of Third Quarter Fiscal 2024 Earnings Results and Conference Call

Paychex (PAYX) is expected to witness earnings and revenue growth in the third quarter of fiscal 2024 on the back of likely demand for solutions.

Paychex (PAYX) to Report Q3 Earnings: Here's What to Expect

Paychex (PAYX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Paychex (PAYX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 third quarter ended February 29, 2024. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, March 27, 2024. The company will host a conference call at 9:30 a.m. ET on Wednesday, March 27, 2024, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice president and.

Paychex, Inc. Schedules Third Quarter Fiscal 2024 Earnings Conference Call for March 27, 2024

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, announced today that Beaumont Vance has joined the company as senior vice president of data, analytics, and AI. In this role, he will be responsible for developing and executing the company's data strategy, including the use of business intelligence, advanced analytics, and AI-driven automation to d.

Paychex Names Beaumont Vance as Senior Vice President of Data, Analytics, and AI

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Dividend growth investors focus on consistently growing dividends rather than high yields, as it ensures income continues to grow over time. Dividend safety is often considered of utmost importance for an income investor; however, future dividend growth can pose a greater risk to meeting future goals. The dividend growth coverage ratio, which compares earnings growth to dividend growth, can help determine a company's ability to sustain dividend growth in the long run.

Rethinking Risk: Why It's Time To Shift Focus From Dividend Safety To Dividend Growth

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #EmploymentTrends--According to the Paychex Small Business Employment Watch, year-over-year hourly earnings growth for U.S. workers moderated to 3.42% in February, continuing a trend that began mid-2022. Small business job growth held steady from last month, with the national Small Business Jobs Index closing February at 100.67. “While our index continues to show job growth in businesses with fewer than 50 workers, it has now remained below pre-pandemic levels for two months. For.

U.S. Small Businesses Continue to Show Moderate Job Growth and Wage Inflation Continues to Moderate

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has been named among one of the 2024 World's Most Ethical Companies® on Ethisphere's annual list. This marks the 16th time Paychex has been recognized since the program began in 2007. Ethisphere, a global leader in defining and advancing the standards of ethical business practices, recognizes a sele.

Paychex Named One of The World's Most Ethical Companies® by Ethisphere for 16th Time

The 4-factor dividend growth portfolio is a strategy that leverages the stock selection process of Schwab U.S. Dividend Equity ETF with a few minor twists. The portfolio returned 6.99% in February, outperforming the S&P 500 by 1.65%.

News for Paychex Stock (PAYX)