Paychex Q4 revenue rises 10% to $1.4 billion; GAAP EPS falls 22% to $0.82
Paychex reported fourth-quarter and fiscal 2025 results for the period ended May 31, 2025, with revenue up 10% in the quarter to $1.4 billion, while GAAP diluted earnings per share fell 22% to $0.82 and adjusted diluted EPS rose 6% to $1.19. The company said it completed its Paycor acquisition and issued a fiscal 2026 outlook calling for revenue growth of 16.5% to 18.5% and adjusted diluted EPS growth of 8.5% to 10.5%.
- Fourth-quarter total revenue was $1.4 billion, up 10%, and operating income fell 11% to $431.1 million.
- Acquisition-related costs were $145.6 million in operating income for the quarter, compared with none in the prior-year period.
- Fiscal 2025 net income was $1.66 billion, down 2%, and diluted EPS was $4.58, down 2%.
- Fiscal 2026 outlook calls for adjusted operating margin of approximately 43% and an effective tax rate of 24% to 25%.