- United States
- /
- Professional Services
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- NasdaqGS:PAYX
Paychex Full Year 2024 Earnings: In Line With Expectations
Paychex (NASDAQ:PAYX) Full Year 2024 Results
Key Financial Results
- Revenue: US$5.28b (up 5.4% from FY 2023).
- Net income: US$1.69b (up 8.5% from FY 2023).
- Profit margin: 32% (in line with FY 2023).
- EPS: US$4.69 (up from US$4.32 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Paychex Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$5.23b (99% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$1.62b (77% of total expenses). Explore how PAYX's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Paychex that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NasdaqGS:PAYX
Paychex
Provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India.
Flawless balance sheet with solid track record and pays a dividend.
