
Paychex, Inc. reported its third-quarter earnings for fiscal year 2025, revealing an adjusted earnings per share (EPS) of $1.49, which exceeded analyst expectations by $0.01. However, the company's revenue of $1.51 billion fell short of estimates by $1 million, reflecting a year-over-year growth of 4.86%. The net income for the quarter was reported at $519.3 million. Despite the earnings beat, Paychex noted that customer employment levels were softer than anticipated, influenced by weather-related challenges and significant fires in California. The company indicated that paycheck growth was slower than expected due to a decrease in bonuses compared to the previous year. Separately, Paysign, Inc. also announced its quarterly earnings, with shares increasing by 4.8% in pre-market trading.
Paychex, Inc. Reports Third Quarter Results https://t.co/XgAkmFmBZp https://t.co/65VVCiWd8F
"Our customer employment levels were a little softer-than-expected in the third-quarter, likely impacted by weather-related challenges and devastating fires in California...paycheck growth was slower than we expected as fewer people got bonuses vs. last year" - Paychex
Paychex $PAYX has released its quarterly earnings. Revenue of $1.51B (+4.86% YoY) misses by $1M. EPS of $1.49 (+7.97% YoY) beats by $0.01.