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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

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