Paychex: Fiscal Q4 Earnings Snapshot

ROCHESTER, N.Y. (AP) — ROCHESTER, N.Y. (AP) — Paychex Inc. (PAYX) on Wednesday reported fiscal fourth-quarter earnings of $379.9 million.

On a per-share basis, the Rochester, New York-based company said it had profit of $1.05. Earnings, adjusted for non-recurring costs, were $1.12 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The payroll processor and human-resources services provider posted revenue of $1.3 billion in the period, which matched Street forecasts.

For the year, the company reported profit of $1.69 billion, or $4.67 per share. Revenue was reported as $5.28 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PAYX at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up