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.