Paychex, Inc. (NASDAQ: PAYX) reported fourth quarter 2021 earnings results today.
Total revenue grew 12% year-over-year to $1 billion, helped by a 14% growth in service revenue.
GAAP net income rose 19% to $263 million while GAAP EPS increased 20% to $0.73. Adjusted EPS grew 18% to $0.72.
For fiscal year 2022, total revenue is expected to grow approx. 7% while adjusted EPS is estimated to grow 10-12%.
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