Net income decreased 22% to $297.2 million, or $0.82 per share, compared to last year. Adjusted EPS increased 6% to $1.19 versus last year.
Management Solutions revenue increased 12% YoY to $1 billion.
Professional Employer Organization (PEO) and Insurance Solutions revenue increased 4% to $340.3 million.
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Interest on funds held for clients increased 18% to $45.2 million.
For fiscal year 2026, total revenue is expected to grow 16.5-18.5% while adjusted EPS is projected to grow 8.5-10.5%.
Management Solutions revenue is expected to grow 20-22% while PEO and Insurance Solutions revenue is estimated to grow 6-8%. Interest on funds held for clients is expected to be $190-200 million.