Paychex is a leading provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses. The company specializes in delivering comprehensive services that include payroll processing, tax administration, employee benefits management, and human resource consulting. With a focus on simplifying administrative tasks and ensuring compliance with regulations, Paychex empowers businesses to streamline their operations, enhance employee engagement, and improve overall efficiency. Through innovative technology and personalized support, Paychex aims to be a trusted partner for businesses navigating the complexities of workforce management. Read More
The Paychex Small Business Employment Watch, which includes the Paychex Small Business Jobs Index as a measure of employment growth among U.S. businesses with fewer than 50 employees, showed job growth continued at levels seen over the last several quarters at 99.75 in March. Meanwhile, Paychex wage data revealed the hourly earnings growth rate (2.91%) for workers in U.S. small businesses remained essentially unchanged in March from the previous month.
Human capital management (HCM) stocks may be catching investors' attention as fears of an escalating trade war and hotter-than-expected PCE data led to a sharp decline among the broader indexes on Friday.
Paychex reported Q3 revenue of $1.509 billion, a 4.8% YoY increase, with EPS of $1.49 surpassing expectations. RBC analyst reiterated a Sector Perform rating on the shares of Paychex.
Shares of payroll and human resources software provider, Paychex (NASDAQ:PAYX)
jumped 6.2% in the morning session after the company reported decent first quarter (fiscal Q3 2025) earnings. There weren't many resounding positives in these results. Both revenue and EBITDA were roughly in line with expectations. However, free cash flow improved significantly.
U.S. stocks decline on renewed tariff concerns, technology shares lead selloff while blue-chip stocks are more resilient. VIX jumps 8%, dollar and Treasury yields remain flat.
Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has been recognized on Fortune® magazine’s list of America’s Most Innovative Companies for the third consecutive year. Paychex was honored for its commitment to industry-leading HR solutions while fostering a culture of innovation.
Paychex saw a 5% revenue growth in Q3 FY25, reaching nearly $1.51 billion. Adjusted EPS of $1.49 exceeded estimates. The company also reported growth in Management Solutions and PEO/Insurance Solutions revenues, while expenses increased due to acquisition costs.
Payroll and human resources software provider, Paychex (NASDAQ:PAYX) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 4.8% year on year to $1.51 billion. Its non-GAAP profit of $1.49 per share was 0.7% above analysts’ consensus estimates.
Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended February 28, 2025 (the "third quarter"). Results compared with the same period last year were as follows:
