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Interest on funds held for clients

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

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

Selling, general and administrative expenses

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Year over year growth in Revenue and Operating Expenses.

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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 Q4 2021

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Earnings data Q1 2025

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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.

Paychex reports solid Q2 performance, eyes growth through innovation

Paychex delivered strong financial results, focusing on client success and innovation in HR technology solutions.
The company's disciplined growth strategy and emphasis on value proposition position it well for future growth.
Opportunities lie in leveraging AI, expanding product suite, and promoting innovative solutions to drive market competitiveness.
Maintaining strong revenue growth, client retention, and shareholder returns showcase Paychex's stability and market resilience.

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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.

Hundreds of thousands of clients and millions of employees around the world depend on Paychex. The company exceeded the analyst consensus for both revenue and non-GAAP EPS in fiscal Q4. At a time when many businesses are carrying net debt balances, PAYX boasts a net cash balance.

Paychex: A Reliable Buy For Growing Dividend Checks Now

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 introduced Paychex Flex® Perks, a digital marketplace of employee benefits curated to address the needs of today's diverse, five-generational workforce. Launching with 17 unique products, Paychex Flex Perks includes early access to earned wages, financial wellness solutions, and voluntary lifest.

Paychex Launches Digital Employee Benefits Marketplace

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 introduced Paychex Flex® Engage, a comprehensive employee engagement solution developed to help businesses digitally manage their workforce, drive collaboration, and enhance the employee experience. Paychex Flex Engage combines employee engagement, performance reviews, rewards, and compensation.

Paychex Announces Employee Engagement Solution

American Express

Fiserv Inc

The fintech industry is growing rapidly in 2024, making the case for the best fintech stocks to buy on a dip. Despite operating in a more challenging macroeconomic environment, fintech companies continue expanding their revenue and earnings.

3 Fintech Stocks to Buy During the August Market Dip

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, hourly earnings growth for U.S. workers in businesses with fewer than 50 employees has held steady since May, reporting 3.16% growth in July, and weekly earnings growth remains below three percent for the sixth consecutive month. The Small Business Jobs Index has reported moderate gains on average through the first seven months of 2024. “Overall, small businesses are looking to hire but continue to face.

Wage Growth for U.S. Small Business Employees Remains Consistent in July, While Job Growth 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 included on TIME's inaugural list of America's Best Midsize Companies. The company ranked 29th out of 500 top-performing U.S.-based organizations for the strength of the Paychex culture, business results, and corporate responsibility efforts. “It is an honor to be considered by TIME as one.

Paychex Named to TIME's 2024 America's Best Companies List

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 surpassed a milestone for the number of 401(k) clients served, now administering plans for over 120,000 employers as of May 31, 2024, the company's fiscal year end. The industry leader in 401(k) plan recordkeeping in the U.S.1, Paychex has also surpassed $51 billion in assets under administratio.

Paychex Surpasses 120,000 401(k) Clients

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 60 Best Companies to Sell For list. This is the 11th time Selling Power magazine has included Paychex on this annual list of top sales organizations. “It's an honor for Paychex to be recognized by Selling Power as a top sales organization,” said Mark Bo.

Paychex Named to Selling Power's 2024 “60 Best Companies to Sell For” List

Kennametal

Stanley Black & Decker

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields

Paychex stock currently trades at $118 per share, around 16% below its level of $141 seen on April 6, 2022 (pre-inflation shock high), and has the potential for gains. In comparison, the company's peer ADP stock has seen marginal gains over the same period.

Can Paychex Stock Overcome A Mixed Economy To Hit $140 Again?

Paychex provides HR services for small and medium-sized businesses, the company has a market cap of $45 billion. Recent earnings showed growth across the board, but free cash flow declined despite increased dividends. Guidance for FY 2025 indicates a slowdown in growth, but still in-line with analysts' expectations.

Paychex: Delivering Results With Impressive Dividend Growth

Paychex consistently delivers better than expected earnings results, with a history of beating forecasts and revenue estimates. The company has shown resilience during economic downturns, with earnings-per-share growth outpacing revenue growth and a strong track record of dividend increases. Paychex's current valuation and dividend yield make it an attractive investment, with potential total returns in the low double-digits.

Paychex: A Model Of Consistency

Automatic Data Processing

Let's see if it's time to buy Automatic Data Processing (ADP) or Paychex's (PAYX) stock with Friday's jobs report showing US employers added 206,000 jobs in June which beat most analysts' expectations.

Should Investors Buy Stock in These Payroll Processers After Friday's Jobs Report?

Paychex's (PAYX) fourth-quarter fiscal 2024 results benefit from an increase in the number of clients served across the HCM solutions and lower losses on investment sales in portfolio repositioning.

Paychex (PAYX) Q4 Earnings Beat on Segmental Performance

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--According to the Paychex Small Business Employment Watch, U.S. employers with fewer than 50 employees continued to add jobs in June, though at a slower pace than in May. Hourly earnings growth for small business workers held steady at 3.16% in June. “Small businesses continued to add jobs across the country in June and there was little change in wage inflation, which reflects relative stability for small businesses,” said John Gibson, Paychex president and CEO.

Job Gains in U.S. Small Businesses Continue in June

American Water Works

Costco

Alphabet

Lockheed Martin

Texas Roadhouse

Visa

If building multi-generational wealth is one of your investment objectives, you may consider buying growth stocks for the long-term portfolio. Multi-generational wealth may sound like something you need a large amount at the start to build, but with long-term compounding, you can snowball a relatively small initial investment into a small fortune.

7 Growth Stocks That Could Make Your Grandchildren Rich

After the company reported its full-year 2024 earnings results, shares of Paychex Inc. NASDAQ: PAYX are trading lower by as much as 5.5% in the morning's trading session. The initial reaction to earnings came as a surprise, as the actual results were nothing to bearish about, although management's guidance could have disappointed those used to easy profits.

Why Paychex Stock's Dip is the Best Opportunity in Today's Cycle

Paychex (PAYX) reported earnings this morning and beat Wall Street analysts' expectation on both the top and bottom line, while also showing year-over-year growth.

Why Did Paychex (PAYX) Drop 6% Despite Good Earnings?

Paychex, Inc. (NASDAQ:PAYX ) Q4 2024 Earnings Conference Call June 26, 2024 9:30 AM ET Company Participants John Gibson - President and CEO Bob Schrader - CFO Conference Call Participants Bryan Bergin - TD Cowen Kevin McVeigh - UBS James Faucette - Morgan Stanley Samad Samana - Jefferies Caroline Latta - Bank of America Andrew Nicholas - William Blair Ashish Sabadra - RBC Capital Markets Peter Christiansen - Citi Ramsey El-Assal - Barclays Bryan Keane - Deutsche Bank David Togut - Evercore ISI Kartik Mehta - Northcoast Research Scott Wurtzel - Wolfe Research Operator Good morning and welcome to the Fourth Quarter 2024 Paychex Earnings Conference Call. With us today are John Gibson and Bob Schrader.

Paychex, Inc. (PAYX) Q4 2024 Earnings Call Transcript

Paychex's (PAYX) fourth-quarter fiscal 2024 earnings and revenues rise y/y.

Paychex (PAYX) Q4 Earnings Beat Estimates, Revenues Miss

The headline numbers for Paychex (PAYX) give insight into how the company performed in the quarter ended May 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Paychex (PAYX) Q4 Earnings: A Look at Key Metrics

Paychex (PAYX) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $0.97 per share a year ago.

Paychex (PAYX) Q4 Earnings Beat Estimates

The payroll services company reports better-than-expected quarterly earnings and sales.

Paychex Posts Solid Earnings and Sales. The Stock Is Wavering.

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended May 31, 2024 (the "fourth quarter") and fiscal year ended May 31, 2024 ("fiscal 2024"), as compared to the corresponding prior-year period:     Fourth Quarter             Fiscal Year           In millions, except per share amounts   2024     2023     Change(2)   2024     2023     Change(2) Total revenue   $   1,295.1     $   1,229.6.

Paychex, Inc. Reports Fourth Quarter and Full Year 2024 Results

Payroll and HR solutions player Paychex is expected to publish its Q4 FY'24 results on June 26, reporting on a period that saw the U.S. job market remain relatively buoyant. We expect earnings for the quarter to come in at about $1.06 per share, marginally ahead of consensus estimates, while revenues are likely to grow about 5% year-over-year to $1.3 billion.

News for Paychex Stock (PAYX)