Paychex (PAYX) reported its Q4 2024 earnings, with net income for the quarter ending December 31, 2024, reported at $379.9 million1. This is slightly lower than the estimated EPS of $1.1 that would have implied a net income of $391 million based on the company's share count2. Analysts had expected Paychex’s revenue to grow 4.4% year-on-year to $1.31 billion, slowing from the 5.7% increase recorded in the same quarter the previous year. Adjusted earnings were expected to come in at $1.12 per share34. Paychex’s reported revenue of $1.32 billion for the quarter ended November 2024, represented a year-over-year increase of 4.7%, with EPS of $1.14, which compares favorably to the $1.08 a year ago4. The reported revenue surpassed the Zacks Consensus Estimate of $1.31 billion, representing a surprise of +0.29%4. Overall, Paychex’s Q4 2024 earnings can be considered slightly better than expected, with strong revenue growth and a higher EPS than anticipated.
3/28/2025 11:30am
