Paychex (PAYX) Tops Q3 EPS by 2c, Offers Outlook

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Go back to Paychex (PAYX) Tops Q3 EPS by 2c, Offers Outlook

Paychex, Inc. Reports Third Quarter Results

March 25, 2020 8:15 AM EDT

Third Quarter Fiscal 2020 Highlights

Total revenue increased 7% to $1.1 billion. Operating income increased 10% to $470.1 million. Net income and adjusted net income(1) each increased 9% to $354.5 million and $351.2 million, respectively. Diluted earnings per share and adjusted diluted earnings per share(1) each increased 9% to $0.98 per share and $0.97 per share, respectively.

(1) Adjusted net income and adjusted diluted earnings per share are not United States (U.S.) generally accepted accounting principles (GAAP) measures. Please refer to the Non-GAAP Financial Measures section on page 4 of this press release for a discussion of these non-GAAP measures... More