Paychex reported revenue of $1.63 billion for the quarter ended August 2026, up 5.9% from a year earlier and a surprise of +0.76% over the Zacks Consensus Estimate of $1.62 billion. EPS came in at $1.34 versus $1.22 in the year-ago quarter, a +0.75% surprise against the consensus estimate of $1.33. Within the top line, Management Solutions revenue was $1.21 billion, up 4.3% year over year but just below the five-analyst average estimate of $1.22 billion, while PEO and Insurance Solutions revenue rose 11.7% to $367.6 million, topping the $352.39 million average estimate. Total service revenue was $1.58 billion against a $1.57 billion average estimate, and interest on funds held for clients came in at $49.8 million versus $47.17 million estimated, a 4.6% year-over-year change. Average interest rates earned on funds held for clients were 3.7% versus 3.4% estimated, and the average investment balance for corporate cash equivalents and investments was $1.24 billion versus $1.6 billion estimated. Shares of Paychex have returned -8.4% over the past month versus the Zacks S&P 500 composite's +1.3% change, and the stock currently carries a Zacks Rank #3 (Hold).
Paychex IncPaychex Q1 revenue rose 5.9% to $1.63B and EPS $1.34, both beating consensus estimates.
WT Microelectronics Co Ltd