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Key highlights from Paychex’s (PAYX) Q1 2024 earnings results

Paychex, Inc. (NASDAQ: PAYX) reported first quarter 2024 earnings results today.

Total revenue increased 7% year-over-year to $1.28 billion.

GAAP net income rose 11% to $419.2 million and EPS grew 10% to $1.16. Adjusted EPS increased 11% to $1.14.

The company expects adjusted EPS to grow 9-11% YoY in FY2024.

Prior performance

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