Strong Revenue Growth
Paychex reported a robust 17% revenue growth and a 5% growth in adjusted diluted earnings per share in the first quarter of fiscal 2026.
Successful Paycor Integration
The integration of Paycor is on track with revenue synergies and cost synergies exceeding initial expectations. The fiscal year 2026 cost synergy target remains approximately $90 million.
AI and Innovation Advancements
Paychex expanded its AI tools, enhancing client experiences and operational efficiency. New AI-driven products include AI Insights for workforce questions and a generative AI-powered HR guidance tool.
Partnership and Product Expansion
The CPA Partner Pro portal was launched, and a new financial management solution, Bill Pay, was introduced to simplify payments for small and mid-sized businesses.
Positive Financial Outlook
Paychex raised its earnings expectations, with adjusted diluted earnings per share now expected to grow between 9% and 11% for fiscal 2026.