Paychex drops 9.4% after disappointing earnings, but increases revenue outlook for the future

From Yahoo Finance: 2025-06-26 14:05:00

Paychex (PAYX) took a hit, dropping 9.4% on Wednesday after a disappointing fourth-quarter earnings report. Net income fell by 22% to $297.2 million, and full-year net income was down 2% to $1.657 billion. Despite this, total revenues rose by 10% to $1.427 billion for the quarter and by 6% to $5.571 billion for the full year. Paychex remains optimistic, increasing its revenue outlook for fiscal year 2026 to a growth range of 16.5% to 18.5%. President and CEO John Gibson highlighted the successful Paycor acquisition and integration progress as factors positioning the company for success in the future.



Read more at Yahoo Finance: Paychex (PAYX) Slashes 9.4% on Dismal Earnings