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FX.co ★ Paychex Issues FY25 Business Outlook - Update

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typeContent_19130:::2024-06-26T13:51:00

Paychex Issues FY25 Business Outlook - Update

Paychex Inc. (PAYX) projects a fiscal 2025 adjusted EPS growth ranging from 5% to 7%. The company anticipates total revenue to increase between 4.0% and 5.5%, with an operating margin forecasted to be within the 42% to 43% range.

For the fourth quarter, net income rose to $379.9 million, compared to $350.4 million in the prior year. Earnings per share (EPS) were $1.05, up from $0.97. Adjusted EPS climbed to $1.12 from $0.97, exceeding the average analyst expectation of $1.10 per share, based on figures compiled by Thomson Reuters. Analyst estimates typically exclude special items.

Total revenue for the fourth quarter increased by 5% to $1.3 billion compared to the same period last year. This aligns with the average analyst revenue estimate of $1.3 billion.

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