Paychex, Inc. Reports Fourth Quarter and Fiscal 2020 Results

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Go back to Paychex, Inc. Reports Fourth Quarter and Fiscal 2020 Results

Paychex (PAYX) Tops Q4 EPS by 1c, Revenues Beat; Provides Fiscal 2021 EPS Growth Outlook

July 7, 2020 8:35 AM EDT

Paychex (NASDAQ: PAYX) reported Q4 EPS of $0.61, $0.01 better than the analyst estimate of $0.60. Revenue for the quarter came in at $915.1 million versus the consensus estimate of $910.91 million.

Fourth Quarter Fiscal 2020 Highlights

Total revenue decreased 7% to $915.1 million.Operating income decreased 5% to $299.6 million.Net income decreased 4% to $220.7 million. Adjusted net income(1) decreased 3% to $220.6 million.Diluted earnings per share decreased 5% to $0.61 per share. Adjusted diluted earnings per share(1) decreased 3% to $0.61 per share.

Martin Mucci, President and Chief Executive Officer, commented, Fiscal 2020 was on track to be a solid year,... More