PAYCHEX INC reported three and nine months ended February 28, 2026 results: revenue $1,808.9, EPS $1.56.
“For the three months ended For the nine months ended February 28, February 28, In millions, except per share amounts 2026 2025 Change (2) 2026 2025 Change (2) Total revenue $ 1,808.9 $ 1,509.0 20 % $ 4,906.5 $ 4,144.4 18 % Operating income $ 792.0 $ 691.8 14 % $ 1,905.8 $ 1,776.6 7 % Adjusted operating income (1) $ 863.2 $ 708.5 22 % $ 2,138.9 $ 1,793.3 19 %”
Debt Financings
PAYCHEX INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. maturing January 23, 2031.
“(a) increases the aggregate amount of principal available under the 2017 Credit Facility from $750 million to $1.0 billion, (b) extends the maturity date from September 17, 2026 to January 23, 2031”
Material Agreements
PAYCHEX INC terminated 2020 Credit Facility with PNC Bank, N.A. (as administrative agent) (effective 2026-01-23).
“Paychex Advance, LLC, a New York limited liability company (“Paychex Advance”) and the Parent terminated, effective January 23, 2026, the three-year, $250 million, unsecured, revolving credit facility established in favor of Paychex Advance as borrower on February 6, 2020 ( as previously amended and extended from time to time, the “2020 Credit Facility”) and for which PNC Bank, N.A. acted as administrative agent.”
Material Agreements
PAYCHEX INC amended 2019 Credit Facility Amendment with JPMorgan Chase Bank, N.A. (as Administrative Agent) (effective 2026-01-23).
“On January 23, 2026, PoNY and the Parent, entered into an amendment (the “2019 Credit Facility Amendment”) to the $1.0 billion, five-year, unsecured, revolving credit facility established in favor of PoNY as borrower on July 31, 2019”
Material Agreements
PAYCHEX INC amended 2017 Credit Facility Amendment with JPMorgan Chase Bank, N.A. (as Administrative Agent) (effective 2026-01-23).
“On January 23, 2026, Paychex of New York LLC, a Delaware limited liability company (“PoNY”) and Paychex, Inc., a Delaware corporation (the “Parent”) entered into an amendment (the “2017 Credit Facility Amendment”) to the $750.0 million, five-year, unsecured, revolving credit facility established in favor of PoNY as borrower on August 17, 2017”
B. Thomas Golisano departed as Director at PAYCHEX INC.
“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.”
M&A Transactions
PAYCHEX INC completed an acquisition involving Paycor HCM, Inc. for $22.50 in cash per share (closed 2025-04-14).
“Time (other than shares held by any holder who is entitled to appraisal rights and has properly exercised such rights under Delaware law) was converted into the right to receive $22.50 in cash per share, without interest thereon and less applicable withholding taxes. The foregoing description of the Merger Agreement does not purport to be complete and is”
David J.S. Flaschen departed as Director at PAYCHEX INC.
“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.”
Stephanie Schaeffer departed as Vice President, Chief Legal & Ethics Officer, and Secretary at PAYCHEX INC.
“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.”
Debt Financings
PAYCHEX INC amended revolving credit of $750.0 million with JPMorgan Chase Bank, N.A. as Administrative Agent.
“to the 2019 Credit Facility. Amendment to 2017 Credit Facility On April 12, 2024, PoNY and the Parent entered into an amendment (the “2017 Credit Facility Amendment”) to the $750.0 million, five-year, unsecured, revolving credit facility established on August 17, 2017 (the “2017 Credit Facility”), and last amended on September 17, 2021, in favor of PoNY as borrower”
Debt Financings
PAYCHEX INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. as Administrative Agent maturing April 12, 2029.
“a Delaware limited liability company (“PoNY”) and Paychex, Inc., a Delaware corporation (the “Parent”), entered into an amendment (the “2019 Credit Facility Amendment”) to the $1.0 billion, five-year, unsecured, revolving credit facility established on July 31, 2019 (the “2019 Credit Facility”), and last amended on September 17, 2021, in favor of PoNY as borrower”
Material Agreements
PAYCHEX INC amended 2017 Credit Facility Amendment with a syndicate of lenders for which JPMorgan Chase Bank, N.A. acts as Administrative Agent valued at $750.0 million (effective 2024-04-12).
“On April 12, 2024, PoNY and the Parent entered into an amendment (the “2017 Credit Facility Amendment”) to the $750.0 million, five-year, unsecured, revolving credit facility established on August 17, 2017 (the “2017 Credit Facility”)”
Material Agreements
PAYCHEX INC amended 2019 Credit Facility Amendment with a syndicate of lenders for which JPMorgan Chase Bank, N.A. acts as Administrative Agent valued at $1.0 billion (effective 2024-04-12).
“On April 12, 2024, Paychex of New York LLC, a Delaware limited liability company (“PoNY”) and Paychex, Inc., a Delaware corporation (the “Parent”), entered into an amendment (the “2019 Credit Facility Amendment”) to the $1.0 billion, five-year, unsecured, revolving credit facility established on July 31, 2019 (the “2019 Credit Facility”)”
Earnings Releases
PAYCHEX INC reported financial results for for the three and six months ended November 30, 2023.
“Paychex, Inc.'s press release dated December 21, 2023, which reports its financial results for the three and six months ended November 30, 2023, is furnished as Exhibit 99.1 to this Current Report on Form 8-K ("Form 8-K").”
Robert L. Schrader was appointed as Senior Vice President and Chief Financial Officer at PAYCHEX INC.
“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.”
Christopher Simmons was appointed as Vice President, Controller and Treasurer at PAYCHEX INC.
“On September 8, 2023, the Company appointed Christopher Simmons, age 54, to Vice President, Controller and Treasurer, effective October 13, 2023.”
Robert L. Schrader was appointed as Senior Vice President and Chief Financial Officer at PAYCHEX INC.
“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.”
Efrain Rivera retired as Senior Vice President and Chief Financial Officer at PAYCHEX INC.
“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”
Earnings Releases
PAYCHEX INC reported quarter ended May 31, 2023 and fiscal year ended May 31, 2023 results: revenue $1,229.6 million (fourth quarter); $5,007.1 million (fiscal year), EPS $0.97 diluted earnings per share (fourth quarter); $4.30 diluted earnings per share (fiscal year).
“2023 Paychex, Inc. Reports 2023 Results: • Sustained Growth in Revenue and Earnings; • Double Digit Earnings Growth for Fourth Quarter and Full Year; • Full Year Revenue Exceeds $5 Billion Rochester, N.Y. - (June 29, 2023) - Paychex, Inc. (the "Company," “Paychex," "we," "our," or "us") today announced the following results for the quarter ended May 31, 2023 (the”
Elizabeth Roaldsen was appointed as Senior Vice President of Operations and Customer Experience at PAYCHEX INC.
“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.”
Earnings Releases
PAYCHEX INC reported financial results for the three and nine months ended February 28, 2023.
“Paychex, Inc.’s press release dated March 29, 2023, which reports its financial results for the three and nine months ended February 28, 2023, is furnished as Exhibit 99.1 to this Current Report on Form 8-K”
Debt Financings
PAYCHEX INC amended revolving credit of $250 million with PNC Bank, N.A. maturing February 6, 2026.
“On February 3, 2023, Paychex Advance LLC, a New York limited liability company (the “Company”) and Paychex, Inc., a Delaware corporation (the “Parent”), entered into Amendment No. 2 (the “Amendment”) to the $250 million, three-year, unsecured, revolving credit facility established on February 6, 2020 (the “2020 Credit Facility”) in favor of the Company as borrower by a syndicate of lenders for which PNC Bank, N.A. acts as Administrative Agent. The Amendment, among other things, extends the maturity date of the 2020 Credit Facility from February 6, 2023 to February 6, 2026 at which time all borrowings thereunder will terminate.”
Material Agreements
PAYCHEX INC amended Amendment No. 2 with syndicate of lenders for which PNC Bank, N.A. acts as Administrative Agent valued at $250 million (effective 2023-02-03).
“On February 3, 2023, Paychex Advance LLC, a New York limited liability company (the “Company”) and Paychex, Inc., a Delaware corporation (the “Parent”), entered into Amendment No. 2 (the “Amendment”) to the $250 million, three-year, unsecured, revolving credit facility established on February 6, 2020 (the “2020 Credit Facility”) in favor of the Company as borrower by a syndicate of lenders for which PNC Bank, N.A. acts as Administrative Agent.”
Theresa M. Payton was appointed as Director at PAYCHEX INC.
“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.”
Earnings Releases
PAYCHEX INC reported the six months ended November 30, 2022 results: revenue $ 2,396.5, EPS $ 2.04 per diluted share. Guidance raised.
Martin Mucci retired as Chief Executive Officer at PAYCHEX INC.
“Mr. Mucci's awards granted in July 2022 will be forfeited upon retirement from his position of CEO on October 14, 2022.”
John B. Gibson, Jr. was appointed as President and Chief Executive Officer at PAYCHEX INC.
“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.”
John B. Gibson, Jr. was appointed as Director at PAYCHEX INC.
“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.”
John B. Gibson was appointed as President and Chief Executive Officer at PAYCHEX INC.
“On August 23, 2022, the Board appointed John B. Gibson, age 56, to serve as the Company’s President and Chief Executive Officer effective as of October 14, 2022.”
Martin Mucci retired as Chief Executive Officer at PAYCHEX INC.
“On August 23, 2022, Martin Mucci, the Chairman and Chief Executive Officer of Paychex, Inc. (the “Company”), notified the Board of Directors of the Company (the “Board”) of his intention to retire as the Company’s Chief Executive Officer effective as of October 14, 2022.”
John B. Gibson, Jr. changed role as President and Chief Operating Officer at PAYCHEX INC.
“Paychex also announced the promotion of John B. Gibson, Jr., aged 55, to the role of President and Chief Operating Officer, effective December 1, 2021.”
Kevin A. Price was appointed as Director at PAYCHEX INC.
“the Company announced that the Board of Directors (the “Board”) has voted to expand to ten members and has appointed Kevin A. Price to fill the newly created position.”
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