Paychex (PAYX) official guidance
Paychex (PAYX) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suitePAYXPAYCHEX INCFY2027 · ends 2027-05-31
1 metric1 maintainedearnings call · 2026-09-24 04:01:11 UTC
2026-09-24 04:01:11 UTC$200M – $210Mmaintained
Interest on funds held for clients is now expected to be in the range of $200 million-$210 million, which includes the most recent 25 basis point increase to the Fed funds rate.
PAYX · transcript · Q1 FY2027
2026-09-24 04:00:00 UTCOpen source
2026-09-23 12:42:01 UTC$200M – $210Mraised +2.5%
| Interest on funds held for clients | $200 million to $210 million | Previously $195 million to $205 million |
PAYX · EX-99.1 · Q1 FY2027
2026-09-23 12:41:28 UTCOpen source
2026-06-25 04:01:11 UTC$195M – $205Mmaintained
Interest on funds held for clients is expected to be in the range of $195 million-$205 million.
PAYX · transcript · Q4 FY2026
2026-06-25 04:00:00 UTCOpen source
2026-06-24 12:39:40 UTC$195M – $205Mnew
Interest on funds held for clients is expected to be in the range of $195 million to $205 million.
PAYX · EX-99.1 · Q4 FY2026
2026-06-24 12:38:56 UTCOpen source
PAYXPAYCHEX INCQ2 FY2027 · ends 2026-11-30
1 metric1 newearnings call · 2026-09-24 04:01:11 UTC
2026-09-24 04:01:11 UTC40%new
We would expect Q2 revenue growth to be approximately 4%, with an adjusted operating margin of approximately 40%.
PAYX · transcript · Q1 FY2027
2026-09-24 04:00:00 UTCOpen source
PAYXPAYCHEX INCFY2027 · ends 2027-05-31
2 metrics2 maintainedearnings call · 2026-09-24 04:01:11 UTC
2026-09-24 04:01:11 UTC5% – 6%maintained5% – 6% vs FY2026
The 5%-6% guide on Management Solutions, the assumption there would be it's roughly split between pricing and ancillary attachment.
PAYX · transcript · Q1 FY2027
2026-09-24 04:00:00 UTCOpen source
2026-09-23 12:42:01 UTC5% – 6%maintained5% – 6% vs FY2026
| Management Solutions revenue growth | 5% to 6% | No change |
PAYX · EX-99.1 · Q1 FY2027
2026-09-23 12:41:28 UTCOpen source
2026-06-25 04:01:11 UTC5% – 6%maintained5% – 6% vs FY2026
Management Solutions revenue growth is also expected to be in the range of 5%-6%.
PAYX · transcript · Q4 FY2026
2026-06-25 04:00:00 UTCOpen source
2026-06-24 12:39:40 UTC5% – 6%new5% – 6% vs FY2026
Management Solutions revenue is anticipated to grow in the range of 5% to 6%.
PAYX · EX-99.1 · Q4 FY2026
2026-06-24 12:38:56 UTCOpen source
2026-09-24 04:01:11 UTC7% – 8%maintained7% – 8% vs FY2026
For fiscal 2027, we now expect PEO and insurance solutions revenue growth to be in the range of 7%-8%.
PAYX · transcript · Q1 FY2027
2026-09-24 04:00:00 UTCOpen source
2026-09-23 12:42:01 UTC7% – 8%raised +15.4%7% – 8% vs FY2026
| PEO and Insurance Solutions revenue growth | 7% to 8% | Previously 6% to 7% |
PAYX · EX-99.1 · Q1 FY2027
2026-09-23 12:41:28 UTCOpen source
2026-06-25 04:01:11 UTC6% – 7%maintained6% – 7% vs FY2026
PEO and Insurance Solutions revenue growth will be in the range of 6%-7%.
PAYX · transcript · Q4 FY2026
2026-06-25 04:00:00 UTCOpen source
2026-06-24 12:39:40 UTC6% – 7%new6% – 7% vs FY2026
PEO and Insurance Solutions revenue is anticipated to grow in the range of 6% to 7%.
PAYX · EX-99.1 · Q4 FY2026
2026-06-24 12:38:56 UTCOpen source
PAYXPAYCHEX INCQ2 FY2027 · ends 2026-11-30
1 metric1 newearnings call · 2026-09-24 04:01:11 UTC
2026-09-24 04:01:11 UTC4%new4% vs Q2 FY2026
We would expect Q2 revenue growth to be approximately 4%, with an adjusted operating margin of approximately 40%.
PAYX · transcript · Q1 FY2027
2026-09-24 04:00:00 UTCOpen source
PAYXPAYCHEX INCFY2027 · ends 2027-05-31
4 metrics4 maintainedearnings release · 2026-09-23 12:42:01 UTC
2026-09-23 12:42:01 UTC24%maintained17 bps vs FY2026
| Effective income tax rate | ~24% | No change |
PAYX · EX-99.1 · Q1 FY2027
2026-09-23 12:41:28 UTCOpen source
2026-06-25 04:01:11 UTC24%maintained
our effective income tax rate is expected to be approximately 24%.
PAYX · transcript · Q4 FY2026
2026-06-25 04:00:00 UTCOpen source
2026-06-24 12:39:40 UTC24%new
The effective income tax rate for fiscal 2027 is anticipated to be approximately 24%.
PAYX · EX-99.1 · Q4 FY2026
2026-06-24 12:38:56 UTCOpen source
2026-09-23 12:42:01 UTC7% – 9%maintained7% – 9% vs FY2026
| Adjusted diluted earnings per share growth | 7% to 9% | No change |
PAYX · EX-99.1 · Q1 FY2027
2026-09-23 12:41:28 UTCOpen source
2026-06-25 04:01:11 UTC7% – 9%maintained7% – 9% vs FY2026
Adjusted diluted earnings per share is expected to grow in the range of 7%-9%.
PAYX · transcript · Q4 FY2026
2026-06-25 04:00:00 UTCOpen source
2026-06-24 12:39:40 UTC7% – 9%new7% – 9% vs FY2026
Adjusted diluted earnings per share(1) is anticipated to grow in the range of 7% to 9%.
PAYX · EX-99.1 · Q4 FY2026
2026-06-24 12:38:56 UTCOpen source
2026-09-23 12:42:01 UTC44%maintained
| Adjusted operating margin | ~44% | No change |
PAYX · EX-99.1 · Q1 FY2027
2026-09-23 12:41:28 UTCOpen source
2026-06-25 04:01:11 UTC44%maintained
Adjusted operating income margins are expected to be approximately 44%,
PAYX · transcript · Q4 FY2026
2026-06-25 04:00:00 UTCOpen source
2026-06-24 12:39:40 UTC44%new
Adjusted operating margin(1) is anticipated to be approximately 44%.
PAYX · EX-99.1 · Q4 FY2026
2026-06-24 12:38:56 UTCOpen source
2026-09-23 12:42:01 UTC5% – 6%maintained5% – 6% vs FY2026
| Total revenue growth | 5% to 6% | No change |
PAYX · EX-99.1 · Q1 FY2027
2026-09-23 12:41:28 UTCOpen source
2026-06-25 04:01:11 UTC5% – 6%maintained5% – 6% vs FY2026
For fiscal 2027, we expect total revenue growth in the range of 5%-6%.
PAYX · transcript · Q4 FY2026
2026-06-25 04:00:00 UTCOpen source
2026-06-24 12:39:40 UTC5% – 6%new5% – 6% vs FY2026
Total revenue is anticipated to grow in the range of 5% to 6%.
PAYX · EX-99.1 · Q4 FY2026
2026-06-24 12:38:56 UTCOpen source
PAYXPAYCHEX INCQ1 FY2027 · ends 2026-08-31
1 metric1 newearnings call · 2026-06-25 04:01:11 UTC
2026-06-25 04:01:11 UTC41% – 42%new
We would expect total revenue growth to be consistent with our full-year guidance, with an adjusted operating margin of 41%-42%.
PAYX · transcript · Q4 FY2026
2026-06-25 04:00:00 UTCOpen source
PAYXPAYCHEX INCFY2026 · ends 2026-05-31
2 metrics1 maintainedearnings call · 2026-03-26 04:01:28 UTC
2026-03-26 04:01:28 UTCexceed our fiscal 2026 synergy targets
We remain on track to exceed our fiscal 2026 synergy targets we discussed last quarter.
PAYX · transcript · Q3 FY2026
2026-03-26 04:00:00 UTCOpen source
2025-12-20 05:01:00 UTC$100Mraised +11.1%
As best operators, we continue to identify additional expense opportunities and now expect approximately $100 million in cost synergies for fiscal year 2026.
PAYX · transcript · Q2 FY2026
2025-12-20 05:00:00 UTCOpen source
2025-10-01 04:01:08 UTC$90Mnew
Our fiscal year 2026 cost synergy target remains approximately $90 million.
PAYX · transcript · Q1 FY2026
2025-10-01 04:00:00 UTCOpen source
2026-03-26 04:01:28 UTC$200M – $210Mmaintained
Interest on funds held for clients is now expected to be in the range of $200 million-$210 million.
PAYX · transcript · Q3 FY2026
2026-03-26 04:00:00 UTCOpen source
2026-03-25 12:35:19 UTC$200M – $210Mraised +2.5%
Interest on funds held for clients is now anticipated to be in the range of $200 million to $210 million.
PAYX · EX-99.1 · Q3 FY2026
2026-03-25 12:34:56 UTCOpen source
2025-12-20 05:01:00 UTC$200Mraised +2.6%
Interest on funds held for clients is now expected to be at the high end of the range of the $190-$200 million range that we previously provided, and we are also raising our earnings expectations with adjusted diluted earnings per share now expected to grow between 10% and 11%, and that is up from the 9%-11% we shared last quarter.
PAYX · transcript · Q2 FY2026
2025-12-20 05:00:00 UTCOpen source
2025-10-01 04:01:08 UTC$190M – $200Mnew
Interest on funds held for clients is still expected to be in the range of $190 million-$200 million.
PAYX · transcript · Q1 FY2026
2025-10-01 04:00:00 UTCOpen source
PAYXPAYCHEX INCQ4 FY2026 · ends 2026-05-31
1 metric1 newearnings call · 2026-03-26 04:01:28 UTC
2026-03-26 04:01:28 UTC41% – 42%new
We would anticipate fourth quarter growth to be approximately 12% with an adjusted operating margin of 41%-42%.
PAYX · transcript · Q3 FY2026
2026-03-26 04:00:00 UTCOpen source
PAYXPAYCHEX INCFY2026 · ends 2026-05-31
1 metric1 newearnings call · 2026-03-26 04:01:28 UTC
2026-03-26 04:01:28 UTC5%new5% vs FY2025
You're now getting to a back half organic growth rate that's closer to 6%, and then when you put the two of those together, it's roughly 5% on a full year basis.
PAYX · transcript · Q3 FY2026
2026-03-26 04:00:00 UTCOpen source
PAYXPAYCHEX INCH4 FY2026 · ends 2026-05-31
1 metric1 newearnings call · 2026-03-26 04:01:28 UTC
2026-03-26 04:01:28 UTC6%new6% vs Q4 FY2025
You're now getting to a back half organic growth rate that's closer to 6%, and then when you put the two of those together, it's roughly 5% on a full year basis.
PAYX · transcript · Q3 FY2026
2026-03-26 04:00:00 UTCOpen source
PAYXPAYCHEX INCQ4 FY2026 · ends 2026-05-31
2 metrics2 newearnings call · 2026-03-26 04:01:28 UTC
2026-03-26 04:01:28 UTCsimilar organic growth performance in Q4new
It accelerated in Q3, and we would expect to see similar organic growth performance in Q4.
PAYX · transcript · Q3 FY2026
2026-03-26 04:00:00 UTCOpen source
2026-03-26 04:01:28 UTC12%new12% vs Q4 FY2025
We would anticipate fourth quarter growth to be approximately 12% with an adjusted operating margin of 41%-42%.
PAYX · transcript · Q3 FY2026
2026-03-26 04:00:00 UTCOpen source
PAYXPAYCHEX INCFY2026 · ends 2026-05-31
2 metrics1 lowered1 maintainedearnings call · 2025-12-20 05:01:00 UTC
2025-12-20 05:01:00 UTC24%lowered -2.0%17 bps vs FY2025
Our effective income tax rate for the year is expected to be approximately 24%.
PAYX · transcript · Q2 FY2026
2025-12-20 05:00:00 UTCOpen source
2025-10-01 04:01:08 UTC24% – 25%new17 bps – 117 bps vs FY2025
Our effective income tax rate is expected to be in the range of 24% to 25%.
PAYX · transcript · Q1 FY2026
2025-10-01 04:00:00 UTCOpen source
2025-12-20 05:01:00 UTC10% – 11%maintained
Interest on funds held for clients is now expected to be at the high end of the range of the $190-$200 million range that we previously provided, and we are also raising our earnings expectations with adjusted diluted earnings per share now expected to grow between 10% and 11%, and that is up from the 9%-11% we shared last quarter.
PAYX · transcript · Q2 FY2026
2025-12-20 05:00:00 UTCOpen source
2025-12-19 13:36:43 UTC10% – 11%raised +5.0%10% – 11% vs FY2025
Adjusted diluted earnings per share(1) is now anticipated to grow in the range of 10% to 11%.
PAYX · EX-99.1 · Q2 FY2026
2025-12-19 13:36:17 UTCOpen source
2025-10-01 04:01:08 UTC9% – 11%maintained9% – 11% vs FY2025
As I mentioned, we are now raising our earnings expectations with adjusted diluted EPS now expected to grow between 9% and 11%, up from 8.5% to 10.5% that we shared with you last quarter.
PAYX · transcript · Q1 FY2026
2025-10-01 04:00:00 UTCOpen source
2025-09-30 12:42:10 UTC9% – 11%new9% – 11% vs FY2025
Adjusted diluted earnings per share(1) is now anticipated to grow in the range of 9% to 11%.
PAYX · EX-99.1 · Q1 FY2026
2025-09-30 12:41:46 UTCOpen source
PAYXPAYCHEX INCQ3 FY2026 · ends 2026-02-28
1 metric1 newearnings call · 2025-12-20 05:01:00 UTC
2025-12-20 05:01:00 UTC47% – 48%new
We anticipate total revenue growth of approximately 18%, with an adjusted operating margin between 47% and 48%.
PAYX · transcript · Q2 FY2026
2025-12-20 05:00:00 UTCOpen source