Paychex Q1 revenue rises 17% to $1.54 billion; raises adjusted EPS growth outlook
Paychex reported first-quarter fiscal 2026 results for the three months ended August 31, 2025, with total revenue up 17% to $1.54 billion, driven largely by the Paycor acquisition. GAAP diluted earnings per share fell 10% to $1.06 because of acquisition-related costs, while adjusted diluted earnings per share rose 5% to $1.22. The company now expects fiscal 2026 adjusted diluted earnings per share to grow 9% to 11%, and other guidance is unchanged.
Key points
- Total revenue rose 17% to $1.54 billion; operating income fell 1% to $541.9 million
- GAAP diluted EPS fell 10% to $1.06; adjusted diluted EPS rose 5% to $1.22
- Fiscal 2026 adjusted diluted EPS growth now expected at 9% to 11%
- Paycor acquisition, completed in April 2025, contributed about 17% to Management Solutions revenue growth
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.