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Paychex CEO Confident In Future Growth As Paycor Deal Shows Early Success
Yahoo Finance· 2025-09-30 14:23
Payroll services company Paychex (NASDAQ:PAYX) stock slid after it reported mixed fiscal first-quarter 2026 results on Tuesday. The company reported sales growth of 17% year-over-year (Y/Y) to $1.540 billion, topping the analyst consensus estimate of $1.538 billion. Management Solutions’ revenue rose 21% Y/Y to $1.2 billion, primarily driven by an increase in the number of clients served. This growth was led by the acquisition of Paycor and a higher number of client worksite employees for HR Solutions. A ...