Paychex, Inc. (NASDAQ:PAYX) reported upbeat fiscal third-quarter results on Wednesday.
Its total revenue surged 20% year-over-year to $1.81 billion. The Street expected a quarterly revenue of $1.79 billion. Adjusted diluted earnings per share were $1.71, up from 1.49 a year ago, which topped the analyst consensus estimate of $1.67.
John Gibson, president and CEO of Paychex, said the company delivered strong double-digit revenue and operating income growth while accelerating organic growth through effective execution and progress on strategic priorities. He noted that clients are increasingly turning to Paychex’s advisory and benefits solutions to navigate complex regulatory and workforce challenges, highlighting the value of its technology and expertise.
Paychex reiterated its fiscal 2026 adjusted EPS growth …