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Paychex (PAYX)
NASDAQ:PAYX
Earnings Data
Report Date
Jun 25, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
1.21Last Year’s EPS
1.12Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 26, 2025
|% Change Since: 4.79%
|Next Earnings Date:Jun 25, 2025
Earnings Call Sentiment|Positive
The earnings call presented a mix of positive achievements such as revenue growth, operating margin expansion, and strong client retention, alongside challenges like healthcare plan issues in Florida and macroeconomic impacts. The acquisition of Paycor is seen as a significant positive move, expected to enhance future growth and competitiveness.Company Guidance
In the third quarter of fiscal 2025, Paychex reported a total revenue growth of 5%, which increased to 6% when excluding the impact of the discontinued ERTC program. The company's diluted earnings per share rose by 4%, with an adjusted increase of 8%. Paychex also achieved a 180 basis point increase in adjusted operating margins compared to the previous year. The firm announced a definitive agreement to acquire Paycor, with expectations of exceeding $80 million in synergies and the acquisition being accretive to adjusted earnings per share in the next fiscal year. Despite a decrease in enrollment in the specialty Florida at-risk medical plan, client retention improved, and revenue retention remained above pre-pandemic levels. The company's investments in innovation and AI, such as the development of a Gen AI-powered HR Copilot tool, are enhancing efficiency and service delivery. Paychex also highlighted its strong performance in client retention and was named one of Fortune's most innovative companies for the third consecutive year.Revenue and Earnings Growth
Total revenue grew 5% in the third quarter, with a 6% growth excluding the discontinued ERTC program. Diluted earnings per share increased by 4%, and adjusted diluted earnings per share grew by 8%.
Operating Margin Expansion
Investments in automation and technology led to a 180 basis point increase in adjusted operating margins compared to the prior year.
Client Retention and Satisfaction
Client retention improved over last year's performance, with retention in HR outsourcing solutions remaining near record levels. Paychex achieved the second-highest increase in customer satisfaction among 250 companies in a Wall Street Journal ranking.
Innovation and Recognition
Paychex was named one of Fortune's most innovative companies for the third consecutive year and recognized as one of the world's most ethical companies for the seventeenth time by Athisphere.
Paycor Acquisition
Paychex entered into an agreement to acquire Paycor, expecting to close the acquisition in the coming weeks, which is anticipated to be accretive to adjusted earnings per share next fiscal year.
Strong PEO Performance
Despite challenges in Florida, the PEO business showed strong double-digit growth in worksite employees and had a solid pipeline going into Q4.
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PAYX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PAYX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 26, 2025 | $144.13 | $150.19 | +4.20% |
| Dec 19, 2024 | $134.97 | $136.91 | +1.44% |
| Oct 01, 2024 | $132.43 | $138.95 | +4.92% |
| Jun 26, 2024 | $122.41 | $114.93 | -6.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Paychex (PAYX) report earnings?
Paychex (PAYX) is schdueled to report earning on Jun 25, 2025, TBA Not Confirmed.
What is Paychex (PAYX) earnings time?
Paychex (PAYX) earnings time is at Jun 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PAYX EPS forecast?
PAYX EPS forecast for the fiscal quarter 2025 (Q4) is 1.21.
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