Inferra AIResearch Tools

Inferra AI / Company / PAYX

Paychex

PAYX · Industrials

Last earnings Sep 23, 2026

Key results

Change Total revenuequarter

$ 1,630.5

Three months ended August 31, In millions, except per share amounts 2026 2025 Change Total revenue $ 1,630.5 $ 1,540.0 6 % Operating income $ 619.2 $ 541.9 14 % Adjusted operating income* $ 684.7 $ 626.7 9 % Diluted earnings per share $ 1.21 $ 1.06 14 % Adjusted diluted earnings per share* $ 1.34 $ 1.22 10 % Paychex delivered a solid start to total revenue growth in fiscal 2027, with double-digit PEO and Insurance Solutions revenue and EPS growth underscoring the strength of our advisory solutions, disciplined execution, and continued progress against our strategic priorities, stated John Gibson, President and Chief Executive Officer.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Operating incomequarter

$ 619.2

Three months ended August 31, In millions, except per share amounts 2026 2025 Change Total revenue $ 1,630.5 $ 1,540.0 6 % Operating income $ 619.2 $ 541.9 14 % Adjusted operating income* $ 684.7 $ 626.7 9 % Diluted earnings per share $ 1.21 $ 1.06 14 % Adjusted diluted earnings per share* $ 1.34 $ 1.22 10 % Paychex delivered a solid start to total revenue growth in fiscal 2027, with double-digit PEO and Insurance Solutions revenue and EPS growth underscoring the strength of our advisory solutions, disciplined execution, and continued progress against our strategic priorities, stated John Gibson, President and Chief Executive Officer.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Total revenuequarter

6%

First Quarter Business Highlights • Total revenue increased 6% to $1.6 billion.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Management Solutions revenuequarter

4%

• Management Solutions revenue increased 4% to $1.2 billion driven by higher revenue per client resulting from price realization and product penetration.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Insurance Solutions revenuequarter

12%

• Professional Employer Organization ( PEO ) and Insurance Solutions revenue increased 12% to $367.6 million, primarily due to growth in the number of average PEO worksite employees and increased PEO insurance volumes.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Adjusted operating incomequarter

9%

1 • Operating income grew 14% to $619.2 million, primarily reflecting revenue growth and lower acquisition-related costs, and adjusted operating income grew 9% to $684.7 million.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Operating marginquarter

38.0%

• Operating margin was 38.0% compared to 35.2% and adjusted operating margin* was 42.0% compared to 40.7%.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

EPSquarter

14%

• Diluted earnings per share increased 14% to $1.21 and adjusted diluted earnings per share increased 10% to $1.34.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Adjusted EPSquarter

10%

• Diluted earnings per share increased 14% to $1.21 and adjusted diluted earnings per share increased 10% to $1.34.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

AI analysis

Q1 FY2027 · reported Sep 23, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Change Total revenue · Q1 FY2027
$ 1,630.5
EX-99 · Sep 23, 2026
Operating income · Q1 FY2027
$ 619.2
EX-99 · Sep 23, 2026
Operating margin · Q1 FY2027
38.0%
EX-99 · Sep 23, 2026

Headline figures

MetricQ1 FY2027Prior qtrYear ago
Change Total revenue$ 1,630.5——
Operating income$ 619.2——
Total revenue6%——
Management Solutions revenue4%——
Insurance Solutions revenue12%——
Adjusted operating income9%——
Operating margin38.0%——
EPS14%——

EX-99 · Sep 23, 2026

Guidance · company-stated

Total revenue

“growth 5% to 6%”

revenue

“growth 5% to 6%”

operating margin

“~44%”

tax rate

“~24%”

Adjusted diluted earnings per share

“growth 7% to 9%”

Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Operating margin38.0%

Capital allocation

Paid dividend$1.19

• Paid dividends of $1.19 per share totaling $424.1 million.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Gibson continued, We continued to build meaningful momentum in AI with compelling early adopter results from our award-winning WISE engine and the introduction of WISE Hire, our agentic recruiting solution

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Total revenue: “Total revenue growth 5% to 6%”

revenue: “revenue growth 5% to 6%”

operating margin: “operating margin ~44%”

tax rate: “tax rate ~24%”

Adjusted diluted earnings per share: “Adjusted diluted earnings per share growth 7% to 9%”

Total revenue (“Business Outlook”)
“Total revenue growth 5% to 6%”

revenue (“Business Outlook”)
“revenue growth 5% to 6%”

operating margin (“Business Outlook”)
“operating margin ~44%”

tax rate (“Business Outlook”)
“tax rate ~24%”

Adjusted diluted earnings per share (“Business Outlook”)
“Adjusted diluted earnings per share growth 7% to 9%”

Guidance stated in the release's Business Outlook table; no direction stated — figures as stated in the table.

Capital allocation

• Paid dividends of $1.19 per share totaling $424.1 million.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

• Long-term borrowings, net of debt issuance costs, of $4.6 billion.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

(2) The Company maintained a program to repurchase up to $ 400.0 million of its common stock with authorization that expired on January 16, 2026 , at which time $ 9.4 million of unused repurchase authorization expired.

SEC original ↗Paychex — 10-Q Quarterly report10-QSep 24, 2026

On January 16, 2026, the Company's Board approved a program to repurchase up to an additional $ 1.0 billion of its common stock with no expiration date.

SEC original ↗Paychex — 10-Q Quarterly report10-QSep 24, 2026

All shares of common stock repurchased were retired.

SEC original ↗Paychex — 10-Q Quarterly report10-QSep 24, 2026

The carrying values of cash and cash equivalents, restricted cash and restricted cash equivalents, accounts receivable, net of allowance for credit losses, PEO unbilled receivables, net of advance collections, accounts payable and short-term borrowings, when used by the Company, approximate fair value due to the short maturities of these instruments.

SEC original ↗Paychex — 10-Q Quarterly report10-QSep 24, 2026

Strategy & priorities

com Paychex Reports First Quarter Fiscal 2027 Results • Delivered double-digit diluted EPS growth supported by strong PEO and Insurance Solutions revenue growth • Strong expansion of industry-leading operating margins • Advanced AI leadership and launched WISE Hire agentic recruiting solution Rochester, N.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Three months ended August 31, In millions, except per share amounts 2026 2025 Change Total revenue $ 1,630.5 $ 1,540.0 6 % Operating income $ 619.2 $ 541.9 14 % Adjusted operating income* $ 684.7 $ 626.7 9 % Diluted earnings per share $ 1.21 $ 1.06 14 % Adjusted diluted earnings per share* $ 1.34 $ 1.22 10 % Paychex delivered a solid start to total revenue growth in fiscal 2027, with double-digit PEO and Insurance Solutions revenue and EPS growth underscoring the strength of our advisory solutions, disciplined execution, and continued progress against our strategic priorities, stated John Gibson, President and Chief Executive Officer.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

The Company also considers contract terms and conditions, customer business type or strategy and may require collateralized asset support or prepayment to mitigate credit risk.

SEC original ↗Paychex — 10-Q Quarterly report10-QSep 24, 2026

The Company s assessment that an investment is not impaired due to credit risk or other valuation concerns could change in the future due to new developments or changes in the Company's strategies or assumptions related to any particular investment.

SEC original ↗Paychex — 10-Q Quarterly report10-QSep 24, 2026

Risks & headwinds

, state, and foreign laws and regulations; • our compliance with data privacy and AI laws and regulations; • our failure to protect our intellectual property rights; • potential outcomes related to pending or future litigation matters; • the impact of macroeconomic factors on the U.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

Because forward-looking statements relate to the future, they are subject to known and unknown uncertainties, risks, changes in circumstances, and other factors that are difficult to predict, many of which are outside our control.

SEC original ↗Paychex — Earnings release (8-K exhibit)EX-99Sep 23, 2026

The Company believes these revenue categories depict how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors.

SEC original ↗Paychex — 10-Q Quarterly report10-QSep 24, 2026

However, legal matters are subject to inherent uncertainties 16 Table of Contents and there exists the possibility that the ultimate resolution of these matters could have a material adverse impact on the Company's financial position or results of operations in the period in which any such effect is recorded.

SEC original ↗Paychex — 10-Q Quarterly report10-QSep 24, 2026

Documents

Earnings deck slides

0 decks with slide view

Paychex — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Paychex — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

RELX (RELX) IndustrialsThomson Reuters (TRI) IndustrialsFedEx (FDX) IndustrialsVertiv (VRT) IndustrialsCanadian National Railway (CNI) IndustrialsAerCap Holdings (AER) IndustrialsCanadian Pacific Kansas City (CP) IndustrialsGeneral Dynamics (GD) Industrials

Filings

69 documents

Earnings releases

20 documents

Presentations

2 documents

Transcripts

0 documents

No transcripts for Paychex are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Paychex by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.