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

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

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Short term debt

Income tax payable

Non-current liabilities

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

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.

Paychex, Inc. (NASDAQ:PAYX ) Q1 2024 Earnings Conference Call September 27, 2023 9:30 AM ET Company Participants John Gibson - President and Chief Executive Officer Bob Schrader - Vice President of Finance and Investor Relations Efrain Rivera - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Daniel Maxwell - William Blair Bryan Bergin - TD Cowen Ashish Sabadra - RBC Capital Markets Scott Wurtzel - Wolfe Research Tien-Tsin Huang - JPMorgan Peter Christiansen - Citigroup Bryan Keane - Deutsche Bank Samad Samana - Jefferies Eugene Simuni - Moffettnathanson Mark Marcon - Baird James Faucette - Morgan Stanley Operator Good day, everyone, and welcome to today's Paychex First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Paychex, Inc. (PAYX) Q1 2024 Earnings Call Transcript

The headline numbers for Paychex (PAYX) give insight into how the company performed in the quarter ended August 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Paychex (PAYX) Q1 Earnings

Paychex (NASDAQ:PAYX) stock edged higher in pre-market trade on Wednesday after it reported first quarter fiscal 2024 sales and earnings that beat Wall Street forecasts. Shares of Paychex (NASDAQ:PAYX), which provides a range of human resources, payroll and benefits solutions software, added 1.3% to US$114.22 shortly before the opening bell in New York.

Paychex shares rise as strong demand for its workforce solutions drives 1Q earnings beat

Shares of Paychex Inc. jumped 3.8% in premarket trading Wednesday, after the human resources services company reported fiscal first-quarter profit and revenue that rose above expectations, and nudged up its full-year outlook.

Paychex's stock rallies after profit beats expectations, full-year outlook nudged higher

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the quarter ended August 31, 2023 (the "first quarter"), as compared to the corresponding prior-year period:     For the three months ended               August 31,           In millions, except per share amounts   2023     2022     Change(2) Total revenue   $   1,286.0     $   1,206.2       7   % Operating income   $   536.3     $   495.6       8   % Dilute.

Paychex, Inc. Reports First Quarter Fiscal 2024 Results:

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Earnings Previews: Costco, Paychex

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CNBC's Jim Cramer on Friday told investors what to look out for in the week ahead.

Cramer's week ahead: Earnings from Costco, Paychex and Accenture

Paychex (PAYX) is expected to witness earnings and revenue beat in the first quarter of fiscal 2024 due to the demand for solutions.

Paychex (PAYX) to Report Q1 Earnings: Here's What to Expect

Paychex saw its stock trading at around $114 at the end of June 2022, just before the Fed started increasing rates, and remains marginally up from these levels.

Can Paychex Stock Recover To Its Pre-Inflation Shock Highs?

ROCHESTER, N.Y.--(BUSINESS WIRE)--Today, Paychex, Inc. announced the release of its 2023 Environmental, Social, and Governance (ESG) Report. The report details the actions the company, a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, is taking with the goal of “Working for a Better World.” “We've been committed to doing business the right way since Paychex was founded more than five decades ago.

Paychex Releases 2023 Environmental, Social, and Governance (ESG) Report

Paychex (PAYX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Paychex (PAYX) Upgraded to Buy: What Does It Mean for the Stock?

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2024 first quarter ended August 31, 2023. Paychex will deliver results via Business Wire before the financial markets open on Wednesday, September 27, 2023. The Company will host a conference call at 9:30 a.m. ET on Wednesday, September 27, 2023, to review the results for the quarter. Participating in this call will be John Gibson, President and CEO, Efrain Rivera, Senior Vice President.

Paychex, Inc. Schedules First Quarter Fiscal 2024 Earnings Conference Call for September 27, 2023

Pro-investor steps and solid liquidity boost Paychex (PAYX).

Paychex (PAYX) Shares Rally 10.6% in the Past 6 Months

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ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Efrain Rivera, senior vice president and chief financial officer will retire as CFO, effective October 12th, 2023. Rivera will remain as a senior advisor for the remainder of 2023. Robert L. Schrader, currently vice president of Finance and Investor Relations, will be named senior vice p.

Paychex Announces Efrain Rivera Plans to Retire as CFO

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Paychex has a highly attractive business model with consistent growth and impressive margins. The business has developed a market-leading suite of services that create sticky demand. PAYX has the potential for further growth through product development, upselling/cross-selling, M&A, and international expansion. The company's recent performance has been good, implying resilience against market conditions.

Paychex: Opportunities With This Market Leading Tech Business

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ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex | IHS Markit Small Business Employment Watch, the national Small Business Jobs Index — which measures the rate of small business job growth in the U.S. — is essentially flat at 99.10, a decrease of 0.04% in August. Meanwhile, an hourly earnings growth rate of 3.98% among U.S. small businesses is unchanged in August from July and below four percent for the second consecutive month. “The Small Business Jobs Index moderated for the fifth c.

August Job Growth Among Small Businesses Unchanged from July

Paychex (PAYX) is benefiting from its continuous lookout for opportunities and revenue growth. High expenses and a competitive market are putting pressure on the bottom line.

Paychex (PAYX) Banks on Strong Revenue Growth and Liquidity

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News for Paychex Stock (PAYX)