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Paychex Earnings Calls
| Release date | Jun 24, 2026 |
| EPS estimate | $1.32 |
| EPS actual | - |
| Revenue estimate | 1.601B |
| Revenue actual | - |
| Expected change | +/- 5.44% |
| Release date | Mar 25, 2026 |
| EPS estimate | $1.67 |
| EPS actual | $1.71 |
| EPS Surprise | 2.40% |
| Revenue estimate | 1.782B |
| Revenue actual | 1.809B |
| Revenue Surprise | 1.50% |
| Release date | Dec 19, 2025 |
| EPS estimate | $1.23 |
| EPS actual | $1.26 |
| EPS Surprise | 2.44% |
| Revenue estimate | 1.553B |
| Revenue actual | 1.558B |
| Revenue Surprise | 0.278% |
| Release date | Sep 30, 2025 |
| EPS estimate | $1.20 |
| EPS actual | $1.22 |
| EPS Surprise | 1.67% |
| Revenue estimate | 1.538B |
| Revenue actual | 1.54B |
| Revenue Surprise | 0.103% |
Last 4 Quarters for Paychex
Below you can see how PAYX performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 30, 2025 |
| Price on release | $126.76 |
| EPS estimate | $1.20 |
| EPS actual | $1.22 |
| EPS surprise | 1.67% |
| Date | Price |
|---|---|
| Sep 24, 2025 | $128.27 |
| Sep 25, 2025 | $126.69 |
| Sep 26, 2025 | $128.21 |
| Sep 29, 2025 | $128.53 |
| Sep 30, 2025 | $126.76 |
| Oct 01, 2025 | $124.01 |
| Oct 02, 2025 | $123.42 |
| Oct 03, 2025 | $124.61 |
| Oct 06, 2025 | $124.37 |
| 4 days before | -1.18% |
| 4 days after | -1.89% |
| On release day | -2.17% |
| Change in period | -3.04% |
| Release date | Dec 19, 2025 |
| Price on release | $112.28 |
| EPS estimate | $1.23 |
| EPS actual | $1.26 |
| EPS surprise | 2.44% |
| Date | Price |
|---|---|
| Dec 15, 2025 | $115.31 |
| Dec 16, 2025 | $115.22 |
| Dec 17, 2025 | $116.70 |
| Dec 18, 2025 | $114.24 |
| Dec 19, 2025 | $112.28 |
| Dec 22, 2025 | $114.88 |
| Dec 23, 2025 | $114.10 |
| Dec 24, 2025 | $114.58 |
| Dec 26, 2025 | $114.19 |
| 4 days before | -2.63% |
| 4 days after | 1.70% |
| On release day | 2.32% |
| Change in period | -0.97% |
| Release date | Mar 25, 2026 |
| Price on release | $93.36 |
| EPS estimate | $1.67 |
| EPS actual | $1.71 |
| EPS surprise | 2.40% |
| Date | Price |
|---|---|
| Mar 19, 2026 | $91.71 |
| Mar 20, 2026 | $92.55 |
| Mar 23, 2026 | $93.50 |
| Mar 24, 2026 | $90.61 |
| Mar 25, 2026 | $93.36 |
| Mar 26, 2026 | $93.59 |
| Mar 27, 2026 | $91.68 |
| Mar 30, 2026 | $93.12 |
| Mar 31, 2026 | $92.12 |
| 4 days before | 1.80% |
| 4 days after | -1.33% |
| On release day | 0.246% |
| Change in period | 0.447% |
| Release date | Jun 24, 2026 |
| Price on release | - |
| EPS estimate | $1.32 |
| EPS actual | - |
| Date | Price |
|---|---|
| May 28, 2026 | $95.51 |
| May 29, 2026 | $96.98 |
| Jun 01, 2026 | $102.44 |
| Jun 02, 2026 | $100.79 |
| Jun 03, 2026 | $98.45 |
Paychex Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Strong start to fiscal 2026: total revenue +17% YoY to $1.5B; Management Solutions revenue +21%; PEO & Insurance revenue +3%. Adjusted diluted EPS +5% to $1.22; GAAP diluted EPS down 10% to $1.60. Adjusted operating income margin 40.7% for the quarter.
- Paycor integration progressing well: on track to achieve targeted Paycor cost synergies (~$90M for FY26) and exceeding initial cost synergy expectations; management pursuing additional synergies while retaining flexibility to reinvest.
- Revenue synergies and cross-sell pipeline: management highlights cross-selling opportunities (ASO, PEO, retirement) into Paycor’s ~50k clients, early notable wins (including one of the largest ASO sells in company history) and a developed propensity model to target Paycor clients.
- PEO business healthy: mid-single-digit worksite-employee growth, double-digit bookings, record retention; management expects acceleration in PEO revenue in back half of year as at-risk enrollment/comps are lapped.
- AI and product innovation: continued rollout of generative AI tools (AI Insights, AI-powered HR guidance, pilot agentic AI) to improve client insights, operational efficiency, and engineer productivity; new Bill Pay partnership (Bill.com) to integrate AP and future AR into Paychex Flex.
- Financial position and capital returns: cash/restricted cash/ investments ~$1.7B; borrowings ~$5B; operating cash flow $718M in Q1; returned $549M to shareholders via dividends and buybacks in the quarter; 12-month rolling ROE ~40%.
- FY26 guidance (reaffirmed/updated): total revenue growth 16.5%–18.5% (Management Solutions 20%–22%, PEO & Insurance 6%–8%); interest on funds held $190M–$200M; adjusted operating margin ~43%; adjusted diluted EPS growth raised to 9%–11% (from prior 8.5%–10.5%). Q2 guide: ~18% revenue growth, ~41% adjusted operating margin.
- Risks/notes: total expenses rose 29% (driven by the Paycor acquisition); management references forward-looking risks and non-GAAP measures; small-business environment described as resilient but monitoring enrollment/insurance dynamics (Florida MPP) and workers’ comp/agency rate pressure in parts of the business.
