(RTTNews) - Paychex (PAYX) said, for fiscal 2027, the company expects: adjusted earnings per share to grow in the range of 7% to 9%; and total revenue to grow in the range of 5% to 6%. Management Solutions revenue is anticipated to increase in the range of 5% to 6%. PEO and Insurance Solutions revenue is projected to rise in the range of 6% to 7%.
Fourth quarter net income increased to $420.6 million from $297.2 million, prior year. Earnings per share increased 43% to $1.17. Adjusted net income increased to $474.6 million from $429.6 million. Adjusted earnings per share increased 11% to $1.32. Total revenue was $1.6 billion for the fourth quarter, representing growth of 12%. Management Solutions revenue increased 14% to $1.2 billion for the fourth quarter. Paycor, acquired in April 2025, contributed approximately 8% to Management Solutions revenue growth.
In pre-market trading on NasdaqGS, Paychex shares are down 5.09 percent to $93.00.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
