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Paychex Inc (PAYX) stock

PAYXNasdaqServices-Engineering, Accounting, Research, ManagementFiscal year ends May 31
Financials through Q1 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Sep 24, 2026Score 20/3011% below fair value
$112.12+2.75 (+2.51%)

Close on Oct 30, 2026Market cap $39.91BP/E 22.2Yield 3.95%

Earnings

Paychex's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Dec 18, 2026
Q2 FY2027 · estimated, before the open
Revenue, Q1 FY2027
$1.60B
+3.9% on a year earlier
Adjusted diluted earnings per share, Q1 FY2027
$1.34
$1.22 a year earlier
Latest guidance
Raised
Sep 23, 2026 · 7 items

Quarterly results

Revenue and earnings per share from each of Paychex's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q2 FY2027ended Nov 30, 2026Dec 18, 2026Expected–––––
Q1 FY2027ended Aug 31, 2026Sep 23, 2026before the open$1.60B+3.9%$1.21$1.34Release
Q4 FY2026ended May 31, 2026Jun 24, 2026before the open$1.60B+14.3%$1.17$1.32Release
Q3 FY2026ended Feb 28, 2026Mar 25, 2026before the open$1.80B+20.0%$1.56$1.71Release
Q2 FY2026ended Nov 30, 2025Dec 19, 2025before the open$1.60B+21.5%$1.10$1.26Release
Q1 FY2026ended Aug 31, 2025Sep 30, 2025before the open$1.54B+18.5%$1.06$1.22Release
Q4 FY2025ended May 31, 2025Jun 25, 2025before the open$1.40B+8.1%$0.82$1.19Release
Q3 FY2025ended Feb 28, 2025Mar 26, 2025before the open$1.50B+4.2%$1.43$1.49Release
Q2 FY2025ended Nov 30, 2024Dec 19, 2024before the open$1.32B+4.7%$1.14$1.14Release
Q1 FY2025ended Aug 31, 2024Oct 1, 2024before the open$1.30B+1.1%$1.18$1.16Release
Q4 FY2024ended May 31, 2024Jun 26, 2024before the open$1.30B+5.3%$1.05$1.12Release
Q3 FY2024ended Feb 29, 2024Apr 2, 2024before the open$1.44B–$1.38$1.38Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Paychex's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Total revenue growthFY2027+5% – +6%+5% – +6%ReaffirmedSep 23, 2026
Adjusted operating marginnon-GAAPFY202744%44%ReaffirmedSep 23, 2026
Adjusted diluted earnings per share growthnon-GAAPFY2027+7% – +9%+7% – +9%ReaffirmedSep 23, 2026
Effective income tax rateFY202724%24%ReaffirmedSep 23, 2026
Interest on funds held for clientsFY2027$200.00M – $210.00M$195.00M – $205.00MRaisedSep 23, 2026
Management Solutions revenueFY2027+5% – +6%–NewJun 24, 2026
Management Solutions revenue growthFY2027+5% – +6%–LoweredSep 23, 2026
PEO and Insurance Solutions revenueFY2027+6% – +7%–RaisedJun 24, 2026
PEO and Insurance Solutions revenue growthFY2027+7% – +8%–RaisedSep 23, 2026

Guidance vs results

The last range Paychex gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
FY2026Revenue growth+16.5% – +18.5%+18.54%Σ4QWithin range
FY2025Revenue growth+6% – +6.5%+4.52%Σ4QBelow range

Guidance history

Every forecast Paychex put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Sep 23, 2026Adjusted diluted earnings per share growthFY2027+7% – +9%Reaffirmed
Sep 23, 2026Adjusted operating marginFY202744%Reaffirmed
Sep 23, 2026Effective income tax rateFY202724%Reaffirmed
Sep 23, 2026Management Solutions revenue growthFY2027+5% – +6%Lowered
Sep 23, 2026PEO and Insurance Solutions revenue growthFY2027+7% – +8%Raised
Sep 23, 2026Interest on funds held for clientsFY2027$200.00M – $210.00MRaised
Sep 23, 2026Total revenue growthFY2027+5% – +6%Reaffirmed
Jun 24, 2026Adjusted diluted earnings per shareFY2027+7% – +9%New
Jun 24, 2026Adjusted operating marginFY202744%New
Jun 24, 2026effective income tax rateFY202724%New
Jun 24, 2026Management Solutions revenueFY2027+5% – +6%New
Jun 24, 2026PEO and Insurance Solutions revenueFY2027+6% – +7%Raised
Jun 24, 2026Interest on funds held for clientsFY2027$195.00M – $205.00MNew
Jun 24, 2026Total revenueFY2027+5% – +6%New
Mar 25, 2026Interest on funds held for clientsFY2026$200.00M – $210.00MRaised
Dec 19, 2025Adjusted diluted earnings per shareFY2026+10% – +11%Raised
Sep 30, 2025Adjusted diluted earnings per shareFY2026+9% – +11%Raised
Jun 25, 2025Adjusted diluted earnings per shareFY2026+8.5% – +10.5%New
Jun 25, 2025Adjusted operating marginFY202643%New
Jun 25, 2025effective income tax rateFY202624% – 25%New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Paychex filed with the SEC as exhibits to Form 8-K or 6-K

  1. Quarterly results release
    Results
  2. Quarterly results release
    Results
  3. Quarterly results release
    Results
  4. 8-K exhibit EX-99.1
    News
  5. 8-K exhibit EX-99.2
    News
  6. Quarterly results release
    Results
  7. PRESS RELEASE OF PAYCHEX, INC. DATED SEPTEMBER 30, 2025
    Results
  8. PRESS RELEASE OF PAYCHEX, INC. DATED JUNE 25, 2025
    Results
  9. Paychex Completes Acquisition of Paycor
    News
  10. PRESS RELEASE OF PAYCHEX, INC. DATED MARCH 26, 2025
    Results
  11. Announces Expiration of HSR Waiting Period
    News
  12. Paychex Enters into Definitive Agreement to Acquire
    Update
  13. S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L Paychex to acquire Paycor January 7, 2025
    Update
  14. PRESS RELEASE OF PAYCHEX, INC. DATED DECEMBER 19, 2024
    Results
  15. PRESS RELEASE OF PAYCHEX, INC. DATED OCTOBER 01, 2024
    Results