Paychex (PAYX) Tops Q1 EPS by 2c
Paychex (NASDAQ: PAYX) reported Q1 EPS of $1.34, $0.02 better than the analyst estimate of $1.32. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.63 billion.
iscal 2027 Business Outlook
Our current business outlook reflects current assumptions and market conditions. Changes in the macroeconomic environment could alter our guidance. Forward-looking adjusted operating margin and adjusted diluted earnings per share exclude acquisition-related costs. With consideration of these impacts, we have updated our business outlook as follows:
| Fiscal Year 2027 Outlook | Updates | |
| Total revenue growth | 5% to 6% | No change |
| Management Solutions revenue growth | 5% to 6% | No change |
| PEO and Insurance Solutions revenue growth | 7% to 8% | Previously 6% to 7% |
| Interest on funds held for clients | $200 million to $210 million | Previously $195 million to $205 million |
| Adjusted operating margin | ~44% | No change |
| Effective income tax rate | ~24% | No change |
| Adjusted diluted earnings per share growth | 7% to 9% | No change |
For earnings history and earnings-related data on Paychex (PAYX) click here.