Highest-materiality recent filing
Paychex reports Q4 revenue $1.605B (+12% YoY) and diluted EPS $1.17 (+43%)
Total revenue Q4 $1,605.5M, +12%; full year $6,512.0M, +17% YoY.
Paychex Q3 revenue $1.81B up 20% YoY; adj diluted EPS up 15% to $1.71
Total revenue $1,808.9M (+20% YoY); adjusted diluted EPS $1.71 (+15%).
2017 Credit Facility increased from $750M to $1.0B, maturity extended from Sep 2026 to Jan 2031.
Paychex authorizes $1B stock buyback, appoints former Cintas CFO to board, declares $1.08 dividend
Board approved new $1B share repurchase authorization, replacing prior $400M authorization.
Paychex Q2 revenue up 18% to $1.56B; raises FY earnings outlook
Revenue $1.5576B, up 18% YoY; adjusted operating income up 21% to $649M.
All 10 director nominees elected; Martin Mucci received 274M for, 12.4M against, 254K abstain.
Paychex Q1 revenue up 17% to $1.54B; raises full-year earnings outlook
Total revenue $1,540.0M vs $1,318.5M, up 17% YoY.
Paychex SVP Sales and SVP Product Development retire; board reduces to 10 after Golisano departure
Mark Bottini, SVP Sales, retires immediately; becomes special advisor through Aug 31, 2025 at current salary.
Paychex completes Paycor acquisition; pro forma shows diluted EPS of $2.08 for H1 FY2025
Pro forma revenue $2.98B for six months ended Nov 30, 2024; combined net income $764.1M.
Paychex Q4 revenue up 10% to $1.43B; completed Paycor acquisition; issues FY2026 outlook
Total revenue $1.43B, up 10% YoY; full-year revenue $5.57B, up 6% YoY.
Paychex founder B. Thomas Golisano to step down from board after July 2025 meeting
Founder B. Thomas Golisano, 83, notified Paychex board he will step down effective after the July 2025 board meeting.
Paychex completes $4.1B all-cash acquisition of Paycor
All-cash deal at $22.50 per Paycor share, ~$4.1B enterprise value.
Paychex issues $4.2B in senior notes across three tranches: 5.100%, 5.350%, 5.600% due 2030-2035
Issued $1.5B 5.100% senior notes due 2030, $1.5B 5.350% notes due 2032, and $1.2B 5.600% notes due 2035.
Paychex files auditor consent for Paycor financials in merger registration process
Ernst & Young consent attached for Paycor's June 30, 2024 financial statements.
Paychex Q3 revenue $1.51B (+5% YoY), EPS $1.43 (+4%); agrees to acquire Paycor HCM, close April 2025
Q3 total revenue $1,509M, +5% YoY; diluted EPS $1.43, +4% YoY.
Paychex clears HSR waiting period for Paycor acquisition; H1 2025 close expected
HSR waiting period expired on February 21, 2025, satisfying a major condition for the Paycor acquisition.
Paychex to acquire Paycor for $22.50/share (~$4.1B enterprise value)
All-cash deal at $22.50/share, ~19% premium to Paycor's 30-day VWAP as of Jan 3, 2025.
Paychex Q2 revenue up 5% to $1.317B; EPS $1.14 beats year-ago $1.08
Total revenue $1,316.9M (+5% YoY), operating income $538.1M (+6%), diluted EPS $1.14 (+6%).
All 11 director nominees elected: Martin Mucci (280.4M for), B. Thomas Golisano (281.3M for), Kara Wilson (285.9M for).
Paychex Q1 revenue up 3% to $1.32B; EPS $1.18, up 2%
Total revenue $1,318.5M (+3% YoY); operating income $546.7M (+2%).
Paychex Q4 revenue $1.30B (+5%), EPS $1.05 (+8%); full-year EPS $4.67 (+9%)
Q4 total revenue $1,295.1M, up 5% YoY; full-year revenue $5,278.3M, up 5%.
Director David J.S. Flaschen not standing for re-election to Paychex board
Flaschen notified the Board on June 12, 2024, of his decision not to stand for re-election at the 2024 annual meeting.
Paychex Chief Legal & Ethics Officer Stephanie Schaeffer to retire effective August 2, 2024
Stephanie Schaeffer, VP, Chief Legal & Ethics Officer, and Secretary, notified the Board of retirement effective August 2, 2024.
Paychex extends $1B revolver maturity to 2029; amends $750M facility
Maturity of $1.0B unsecured revolver extended from July 2024 to April 12, 2029.
Paychex Q3 revenue $1.44B (+4% YoY), EPS $1.38 (+7%)
Q3 FY2024 total revenue $1,439.3M, up 4% from $1,381.0M a year ago.
Paychex authorizes $400M share repurchase, declares $0.89 quarterly dividend
Board approved up to $400 million common stock repurchase program expiring May 31, 2027; begins Feb 1, 2024.
Paychex Q2 revenue $1.26B +6% YoY; raises FY earnings outlook
Total revenue $1,257.9M (+6%); operating income $506.2M (+7%); diluted EPS $1.08 (+9%).
Paychex stockholders elect all 12 director nominees and approve annual say-on-pay
All 12 director nominees elected; B. Thomas Golisano received 276.8M for vs 7.1M against.
Paychex posts Investor 101 presentation to website; no new material financial data disclosed
Presentation posted on October 6, 2023 at investor.paychex.com.
Paychex Q1 FY2024 revenue $1.29B +7% YoY, EPS $1.16 +10%
Total revenue $1,286M, +7% YoY from $1,206M.
Paychex appoints Christopher Simmons as VP, Controller and Treasurer, effective Oct 13
Christopher Simmons (54) appointed Vice President, Controller and Treasurer, effective October 13, 2023.
Paychex CFO Efrain Rivera to retire Oct 12, 2023; Robert Schrader named successor
Efrain Rivera retires as CFO effective Oct 12, 2023; will serve as senior advisor through Dec 31, 2023.
Paychex Q4 EPS $0.97 beats year-ago $0.82; FY revenue tops $5B
Q4 total revenue $1.23B, up 7% YoY; full-year revenue $5.01B, first time above $5B.
Paychex appoints Elizabeth Roaldsen as SVP of Operations and Customer Experience
Roaldsen, age 51, will lead 6,000+ service employees serving 730,000 business customers.
Paychex Q3 revenue $1.38B (+8% YoY), diluted EPS $1.29 (+8%)
Total revenue $1.38B (+8% YoY); total service revenue $1.35B (+7%).
Paychex extends $250M revolving credit facility maturity to 2026
Amendment No. 2 extends maturity of $250M unsecured revolver from Feb 6, 2023 to Feb 6, 2026.
Paychex expands board to 12 members, appoints Theresa M. Payton
Board expanded from 11 to 12 members; Theresa M. Payton appointed to newly created seat on January 20, 2023.
Paychex Q2 revenue $1.19B (+7%), EPS $0.99 (+9%), raises FY2023 outlook
Total revenue $1,190.3M, up 7% YoY; diluted EPS $0.99, up 9% YoY.
Paychex appoints CEO John B. Gibson Jr. to board; CEO succession completed Oct 14, 2022
Board expanded from 10 to 11; Gibson named director and executive committee member effective Oct 14.
Paychex Q1 revenue $1.206B (+11% YoY), EPS $1.05 (+14%); raises FY outlook
Total revenue of $1,206.2M, up 11% from $1,082.9M in prior year.
Paychex CEO Martin Mucci to retire Oct 14; COO John Gibson named successor
Mucci retires as CEO effective Oct 14, 2022; remains Chairman of the Board.
Paychex Q4 service revenue $1.13B (+11%), diluted EPS $0.82 (+12%); FY revenue $4.61B (+14%)
Q4 total service revenue of $1,129.6M, up 11% YoY; diluted EPS $0.82, up 12%.
Paychex reports 15% revenue growth, 23% EPS growth in Q3; FY guidance raised
Total service revenue $1,261.6M (+15% YoY); total revenue $1,276.0M (+15%).
Paychex Q2 results: revenue up 13% to $1.11B, EPS $0.91, raises FY outlook
Total revenue $1,108.5M, +13% YoY; diluted EPS $0.91, +21%.
Paychex names Martin Mucci Chairman, promotes John Gibson to President and COO
Martin Mucci adds Chairman role effective Dec 1, 2021; continues as CEO.
Paychex stockholders elect 10 directors, approve say-on-pay with 68% support, ratify PwC
318,012,217 shares represented at Oct. 14 annual meeting; all 10 director nominees elected.
Paychex Q1 revenue up 16%, diluted EPS up 56%; raises full-year outlook
Total service revenue $1,068.4M, up 16% YoY; total revenue $1,082.9M, up 16%.
Paychex increases revolving credit facility to $750M, extends maturity to 2026
2017 credit facility increased from $500M to $750M; maturity extended from Aug 2022 to Sep 2026.
Paychex adds board member, authorizes $400M buyback, declares $0.66 dividend
Kevin A. Price appointed to Paychex Board of Directors, expanding board from 9 to 10 members, effective July 7, 2021.
On May 15, 2025, B. Thomas Golisano notified the Board of Directors (the "Board") of Paychex, Inc. (the "Company") of his decision to step down from the Board, effective after the Company’s July, 2025 Board meeting.
On June 12, 2024, the Board of Directors (the "Board") of Paychex, Inc. (the “Company”) was notified by David J.S. Flaschen of his decision not to stand for re-election to the Board at the Company’s 2024 annual meeting of shareholders.
On May 16, 2024, Stephanie Schaeffer, Vice President, Chief Legal & Ethics Officer, and Secretary of Paychex, Inc. (the “Company”), notified the Board of Directors of the Company (the “Board”) of her intention to retire effective as of August 2, 2024.
Effective October 13, 2023, Mr. Simmons will report to Mr. Schrader, concurrent with the effective date of Mr. Schrader’s appointment to serve as the Company’s Senior Vice President and Chief Financial Officer.
On September 8, 2023, the Company appointed Christopher Simmons, age 54, to Vice President, Controller and Treasurer, effective October 13, 2023.
On September 5, 2023, Efrain Rivera, Senior Vice President and Chief Financial Officer of Paychex, Inc. (the “Company”), notified the Company of his intention to retire as Chief Financial Officer effective as of end of business on October 12, 2023
Also on September 5, 2023, the Board appointed Robert L. Schrader, age 51, to serve as the Company’s Senior Vice President and Chief Financial Officer effective as of October 13, 2023.
On May 15, 2023, Paychex, Inc. (the “Company” or “Paychex”) announced that Elizabeth Roaldsen, age 51, has been appointed as Senior Vice President of Operations and Customer Experience, effective May 15, 2023.
On January 24, 2023, Paychex, Inc. (the “Company”) announced that the Board of Directors (the “Board”) has voted to expand to twelve members and has appointed Theresa M. Payton to fill the newly created position.
On August 23, 2022, the Board appointed John B. Gibson to serve as the Company’s President and CEO, effective as of October 14, 2022.
On October 13, 2022, the Board appointed Paychex President and CEO John B. Gibson, Jr. to fill the new Board position and serve on the Executive Committee of the Board, effective immediately.
Mr. Mucci's awards granted in July 2022 will be forfeited upon retirement from his position of CEO on October 14, 2022.
Max materiality 0.85 · Median 0.65 · Most common event earnings