NASDAQ$PAYX
Paychex Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Paychex's first quarter results were announced, revealing a 16% increase in revenue and a 56% growth in diluted earnings per share.
Paychex reported a strong start to fiscal year 2022, achieving double-digit growth in both revenue and earnings, driven by economic improvement, sales momentum, and strong client retention.
- Total revenue increased by 16% compared to the prior-year period.
- Diluted earnings per share grew by 56% compared to the prior-year period.
- Management Solutions revenue increased by 17%, driven by client base growth and increased solution penetration.
- PEO and Insurance Solutions revenue increased by 14%, driven by worksite employee growth and higher average wages.
Headline financials
Revenue & EPS history
Paychex · Revenue · Quarterly
$1.08B
Revenue by segment
Paychex · $1.08B total across 3 segments · Q1 2022
- Management Solutions$806M+17.2%74.4%
- PEO and Insurance Solutions$263M+14.4%24.3%
- Interest on Client Funds$14.5M-2.7%1.3%
Forward guidance
Paychex updated its outlook for fiscal year 2022, anticipating continued growth and margin expansion.
Tailwinds
- Management Solutions revenue is now anticipated to grow approximately 8%.
- Total revenue is also anticipated to grow approximately 8%.
- Adjusted operating margin is anticipated to increase to a range of 38% to 39%.
- Adjusted EBITDA margin is anticipated to increase to approximately 43%.
- Adjusted diluted earnings per share is now anticipated to grow in the range of 12% to 14%.
Headwinds
- Changes in the macroeconomic environment could alter guidance.
- Other expense, net is now anticipated to be in the range of $23 million to $26 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-0.6%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.1%
Avg return
30 days after
36%
26 / 72 earnings
Positive
+10.2%
Q3 2020
Best reaction
-6.3%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -0.5% | +2.7% | — | |
| Q2 2026 | -1.7% | +0.3% | -2.7% | |
| Q1 2026 | -1.3% | -3.0% | -8.8% | |
| Q4 2025 | -2.5% | -0.6% | -4.7% | |
| Q3 2025 | +4.2% | +7.0% | -0.6% | |
| Q2 2025 | +2.7% | +4.1% | +7.7% | |
| Q1 2025 | +4.9% | +3.3% | +3.8% | |
| Q4 2024 | -5.8% | -6.4% | +0.6% | |
| Q3 2024 | -1.1% | +0.6% | -2.6% | |
| Q2 2024 | -6.3% | -6.0% | -4.5% | |
| Q1 2024 | +3.9% | +0.9% | -2.8% | |
| Q4 2023 | +1.0% | +0.7% | +14.3% | |
| Q3 2023 | +4.2% | +2.2% | +0.8% | |
| Q2 2023 | +1.1% | +0.3% | +2.8% | |
| Q1 2023 | +0.1% | +1.4% | +5.7% | |
| Q4 2022 | -5.0% | -2.9% | +7.0% | |
| Q3 2022 | +3.0% | +5.1% | -4.4% | |
| Q2 2022 | +6.2% | +7.3% | -6.1% | |
| Q1 2022 | +6.8% | +8.3% | +14.3% | |
| Q4 2021 | +2.5% | +2.9% | +7.6% | |
| Q3 2021 | -5.5% | -4.0% | +1.2% | |
| Q2 2021 | -2.0% | -2.4% | -10.1% | |
| Q1 2021 | -1.1% | +1.2% | +6.3% | |
| Q4 2020 | -4.2% | -5.8% | -6.7% | |
| Q3 2020 | +10.2% | +8.2% | +14.3% | |
| Q2 2020 | -0.2% | -0.4% | +3.6% | |
| Q1 2020 | +0.8% | +1.3% | +2.4% | |
| Q4 2019 | -3.2% | -1.5% | +2.1% | |
| Q3 2019 | -1.3% | +1.0% | +4.6% | |
| Q2 2019 | +1.0% | -4.2% | +8.7% | |
| Q1 2019 | -0.7% | -1.1% | -11.8% | |
| Q4 2018 | -1.5% | -1.4% | +2.8% | |
| Q3 2018 | -3.1% | -0.2% | -2.8% | |
| Q2 2018 | -1.3% | -0.5% | +0.4% | |
| Q1 2018 | +4.7% | +6.4% | +7.9% | |
| Q4 2017 | -3.3% | -3.6% | -1.5% | |
| Q3 2017 | -2.4% | -3.5% | -2.1% | |
| Q2 2017 | -0.7% | -0.3% | -0.7% | |
| Q1 2017 | -5.2% | -4.7% | -8.7% | |
| Q4 2016 | +5.9% | +7.0% | +5.6% | |
| Q3 2016 | -0.9% | — | — | |
| Q2 2016 | +2.6% | — | — | |
| Q1 2016 | +4.6% | — | — | |
| Q4 2015 | +1.6% | — | — | |
| Q3 2015 | -4.5% | — | — | |
| Q2 2015 | -1.5% | — | — | |
| Q1 2015 | +3.0% | — | — | |
| Q4 2014 | -1.0% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q2 2014 | +4.7% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | -2.3% | — | — | |
| Q1 2013 | -3.3% | — | — | |
| Q4 2012 | -2.5% | — | — | |
| Q3 2012 | -2.3% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | -3.6% | — | — | |
| Q3 2011 | -3.0% | — | — | |
| Q2 2011 | -1.1% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2008 | -1.8% | — | — | |
| Q4 2010 | -1.8% | — | — | |
| Q3 2009 | -5.2% | — | — | |
| Q3 2010 | -5.2% | — | — | |
| Q2 2010 | -3.0% | — | — | |
| Q1 2009 | -5.1% | — | — | |
| Q1 2010 | -5.1% | — | — | |
| Q4 2009 | -5.1% | — | — | |
| Q2 2009 | -5.1% | — | — |
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