Categories AlphaGraphs, Earnings, Technology

Paychex (PAYX) Q3 2023 Earnings: Key financials and quarterly highlights

Paychex, Inc. (NASDAQ: PAYX) reported its third quarter 2023 earnings results today.

Total revenue increased 8% year-over-year to $1.38 billion.

GAAP net income grew 9% to $467.4 million and EPS rose 8% to $1.29 versus the prior-year quarter. Adjusted EPS rose 12% to $1.29.

Both revenue and earnings beat expectations.

The company expects adjusted EPS to grow 13-14% in FY2023 versus the prior year.

Prior performance

Paychex Q2 2023 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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