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

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Operating Margin

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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.

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Cost of revenue

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SG&A

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Minority interest

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Book value per share

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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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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 gained 2.44% in July, underperforming the S&P 500 by 0.77%. Year-to-date, the portfolio is up 14.72%. Since inception, the portfolio is generating 2.75% of alpha over the S&P 500.

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Paychex gets a neutral / hold rating today, in line with the consensus from Wall Street and the Seeking Alpha quant system. Positives: YoY net income growth, capital and liquidity strength, dividend yield above sector average. Headwinds: valuation above sector average, share price well above 200 day moving average.

Paychex: Hold This Innovative Payroll Leader With Positive Net Income Growth

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex | IHS Markit Small Business Employment Watch, hourly earnings growth (3.95%) has dipped below four percent for the first time since 2021, and one-month annualized growth in hourly earnings remains below four percent for the fourth consecutive month. Small business job growth is essentially unchanged in July from June. Currently at 99.14, the national Small Business Jobs Index — which measures the rate of small business job growth in the.

Job Market Remains Stable, Wage Growth Drops Below Four Percent

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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 once again been named to the Selling Power 50 Best Companies to Sell For list. This is the 10th time that the corporate research team at Selling Power magazine has recognized Paychex as a top sales organization. “The Paychex sales team has been built on a culture that empowers each sales profess.

Paychex Named to Selling Power's 2023 “50 Best Companies to Sell For” List

T. Rowe Price Group

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 gained 5.00% in June, underperforming the S&P 500 by 1.60%. Year-to-date, the portfolio is up 11.99% and trailing the S&P 500 by 4.90%. Since inception, the portfolio is generating 3.56% of alpha over the S&P 500.

4 Factor Dividend Growth Portfolio - Cruising Towards A 20% Return

ROCHESTER, N.Y.--(BUSINESS WIRE)--NelsonHall, a global analyst and research firm, has once again identified Paychex, Inc., a leading provider of integrated human capital management (HCM) software solutions for human resources, employee benefits, insurance services, and payroll, as a “Leader” in its 2023 NelsonHall Vendor Evaluation and Assessment Tool (NEAT) for Next Generation HCM Technology. The NEAT allows buyers to assess the capabilities of HCM vendors across a range of criteria and busine.

Paychex Named a Leader in HCM Technology by NelsonHall

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--The rate of small business hiring slowed modestly in June as hourly earnings growth across the U.S. decelerated to 4.02% from 4.24% in May, 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. — registered 99.21 in June, virtually unchanged so far in 2023. “Hourly earnings gains slowed to 4.02%, in line with a gradually slowing rate of inf.

Small Business Jobs Index Dips in June, Rate of Wage Growth Continues to Moderate

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Paychex, Inc. (NASDAQ:PAYX ) Q4 2023 Earnings Conference Call June 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 Ramsey El-Assal - Barclays Eric Dray - Bank of America Rayna Kumar - UBS Andrew Nicholas - William Blair Kevin McVeigh - Credit Suisse Bryan Bergin - TD Cowen Bryan Keane - Deutsche Bank Scott Wurtzel - Wolfe Research Kartik Mehta - Northcoast Research Eugene Simuni - Masset Makinson Peter Christiansen - Citigroup Tien-Tsin Huang - J.P. Morgan Securities, LLC James Faucette - Morgan Stanley Samad Samana - Jefferies Operator Good day, everyone, and welcome to today's Paychex Fourth Quarter and Fiscal Year-end Earnings Conference Call.

Paychex, Inc. (PAYX) Q4 2023 Earnings Call Transcript

Paychex NASDAQ: PAYX shares are up more than 140% from the 2020 lows, but it may be time to ring the register. The Q4 results and outlook are good enough but failed to spark a rally in the stock.

Is it Time To Ring The Register On Paychex?

Paychex???s (PAYX) earnings and revenues grow year over year in fourth quarter of fiscal 2023 courtesy of in-demand HR solutions.

Paychex's (PAYX) Q4 Earnings Miss Estimates. Increase Y/Y

Paychex has delivered another solid quarter, even if the top and bottom lines came in mostly as expected for the latest quarter. Revisions of earnings for PAYX had increased a touch heading through the year, unlike some companies that have been beating after revisions come down. The outlook for earnings for their next fiscal year suggests strong growth can continue, and that can make PAYX stock a consideration for buying today.

Paychex: Strong Earnings Continue

Paychex (PAYX) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.81 per share a year ago.

Paychex (PAYX) Q4 Earnings Lag Estimates

Paychex (NASDAQ:PAYX) Inc shares jumped after the company reported a fiscal fourth-quarter profit that matched expectations while its revenue also topped Wall Street estimates. For the period ended May 31, 2023, Rochester, New York-based Paychex (NASDAQ:PAYX), which provides hundreds of thousands of businesses with payroll and payroll tax services, reported earnings of $350.4 million, or $0.97 per share, compared to $296.4 million, or $0.82 a share, in the same period a year earlier.

Paychex stock jumps on 4Q revenue beat and rosy growth outlook

Shares of Paychex Inc. PAYX, -0.32% jumped 1.4% in premarket trading Thursday, after the human resources services provider reported fiscal fourth-quarter profit that matched expectations while revenue topped, and provided an upbeat full-year outlook. Net income for the quarter to May 31 rose to $350.4 million, or 97 cents a share, from $296.4 million, or 82 cents a share, in the year-ago period.

PayChex stock rallies after revenue tops expectations, profit growth outlook beats forecasts

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (the "Company," “Paychex," "we," "our," or "us") today announced the following results for the quarter ended May 31, 2023 (the "fourth quarter") and fiscal year ended May 31, 2023 ("fiscal 2023"), as compared to the corresponding prior-year period:     Fourth Quarter             Fiscal Year           In millions, except per share amounts   2023     2022     Change(2)   2023     2022     Change(2) Total service revenue   $   1,204.7     $   1,129.6.

Paychex, Inc. Reports 2023 Results

Paychex (PAYX) is expected to witness earnings and revenues beat in the fourth quarter of fiscal 2023 on the back of likely demand for solutions.

Paychex (PAYX) to Report Q4 Earnings: Here's What to Expect

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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, today announced that National Urban League will receive a $1 million grant from the Paychex Charitable Foundation. The grant, which allocates $250,000 annually over four years, will support job training and workforce development programs in key markets where Paychex has a high concentration of employees. Thi.

Paychex Charitable Foundation Commits $1 Million to National Urban League

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2023 fourth quarter and full-year ended May 31, 2023. Paychex will deliver results via Business Wire before the financial markets open on Thursday, June 29, 2023. The Company will host a conference call at 9:30 a.m. ET on Thursday, June 29, 2023, to review the results for the quarter. Participating in this call will be John Gibson, President and CEO, and Efrain Rivera, Senior Vice Presid.

Paychex, Inc. Schedules Fourth Quarter Fiscal 2023 Earnings Conference Call for June 29, 2023

Genpact

The Zacks Outsourcing industry stands to benefit from the coronavirus-driven dependency on technology and accelerated adoption of cloud infrastructure. ADP, PAYX and G are well-positioned to witness the surge in demand.

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Paychex is a steady company with consistent growth and an increasing yearly dividend, but its current valuation is slightly high. The company benefits from a strong job market, HR outsourcing trend, and higher interest rates, but faces competition and potential economic risks. Paychex is rated as a "Hold" with a preference for Paycom in the HCM space.

Paychex: Hold For The Steady Growth And Increasing Dividend

Paychex Inc. is an attractive investment option due to its profitability, efficiency, and dividend history. The company has a stable capital structure, improving liquidity, and a long history of increasing dividend payments. Despite trading at a premium compared to the industrial sector median, PAYX's valuation is more favorable when compared to its closer peers.

News for Paychex Stock (PAYX)