Paychex (PAYX) Tops Q1 EPS by 2c

Paychex (NASDAQ: PAYX) reported Q1 EPS of $1.16, $0.02 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.31 billion.

Business Outlook:

• Our business outlook for the fiscal year ending May 31, 2025 ("fiscal 2025") incorporates current assumptions and market conditions. Changes in the macroeconomic environment could alter our guidance. With consideration of these impacts, we have updated our business outlook as follows:
• Interest on funds held for clients is now anticipated to be in the range of $145 million to $155 million.
• Other income, net is now anticipated to be in the range of $30 million to $35 million.
• Other aspects of our guidance for fiscal 2025 remain unchanged from what we provided previously.

For earnings history and earnings-related data on Paychex (PAYX) click here.

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