NASDAQ$PAYX
Paychex Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Paychex reported double-digit growth in revenue and diluted earnings per share.
Paychex reported strong first quarter results with double-digit growth in both revenue and earnings, driven by the value proposition of their Human Capital Management (HCM) technology and Paychex HR suite. The company also raised its earnings outlook for the year.
- Total revenue increased by 11% to $1.206 billion compared to the prior year period.
- Management Solutions revenue increased by 12% to $905.5 million.
- PEO and Insurance Solutions revenue increased by 8% to $282.8 million.
- Diluted earnings per share increased by 14% to $1.05 compared to the prior year period.
Headline financials
Revenue & EPS history
Paychex · Revenue · Quarterly
$1.21B
Revenue by segment
Paychex · $1.21B total across 3 segments · Q1 2023
- Management Solutions$906M+12.4%75.1%
- PEO and Insurance Solutions$283M+7.6%23.4%
- Interest on Client Funds$17.9M+23.4%1.5%
Forward guidance
Paychex updated its guidance for the fiscal year ending May 31, 2023, anticipating adjusted diluted earnings per share to grow in the range of 11% to 12%.
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 2023
-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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