PAYX
FY2026 Q4 · Calendar Q2 2026
Paychex, Inc.
Paychex closed fiscal 2026 with broad-based strength: full-year revenue grew 17% to $6.5B, Q4 EPS of $1.32 narrowly beat the $1.31 consensus, and margins expanded over 70 basis points. The Paycor acquisition is delivering synergies ahead of plan with over $100M in cost savings realized and cross-sell momentum across ASO, PO, and retirement. The Wise AI platform has scaled to roughly 600 features and represents both a productivity lever and a future monetization path. Management's FY27 guidance — 5–6% revenue growth, ~44% adjusted operating margin, and 7–9% EPS growth — signals a deliberate step-down from FY26's acquisition-boosted growth but reflects confidence in durable organic expansion. The market initially sold off on the print (-1.68% abnormal) but the stock subsequently drifted 14.9% higher to $122.13, well above the analyst consensus target of $108.80, suggesting investors…
EPS surprise+0.8%
Market move-1.7%
