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Paychex PAYX Q1 2025 earnings

Reported October 1, 2024 · Before market open

Revenue estimate$1.3B
EPS estimate$1.14

Next report

Jun 24, 2026 (Today)
Revenue estimate$1.6B
EPS estimate$1.31
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Financials

Q1 2025

Income statement

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Revenue$1.3B+2.5%
Gross profit$938.5M+1.4%
Operating income$546.7M+1.9%
Net income$427.4M+2.0%
EPS (diluted)$1.18+1.7%

Balance sheet

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Cash & equivalents$1.5B-11.3%
Total debt$867.0M0.0%
Total equity$3.9B+7.3%
Total assets$10.5B-14.0%

Cash flow

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Operating cash flow$546.1M-21.2%
CapEx$35.6M-8.0%
Free cash flow$510.5M-22.0%

Valuation & ratios

Q1 2025

Valuation

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Market cap$47.23B+7.2%
Enterprise value$46.64B+7.7%
P/E27.8×+0.2×
P/S8.9×+0.2×

Profitability

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Gross margin71.8%+0.5pp
Operating margin41.1%+0.4pp
Net margin32%+0.6pp
FCF margin30%-7.0pp

Returns & leverage

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Return on equity45.7%-1.8pp
Debt / equity0.2×0.0×
Current ratio1.4×+0.1×

Segments

By product

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Management Solutions$961.7M+0.6%
Peo And Insurance Solutions$319.3M+7.2%

Versus estimates

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Questions, answered.

When did Paychex report Q1 2025 earnings?
Paychex (PAYX) reported Q1 2025 earnings on October 1, 2024 before market open.
What were Paychex's Q1 2025 revenue and EPS?
Paychex reported revenue of $1.3B and diluted EPS of $1.16 for Q1 2025.
Did Paychex beat estimates in Q1 2025?
Revenue beat the consensus estimate of $1.3B by $4.4M. EPS beat the consensus estimate of $1.14 by $0.02.
Where can I find Paychex's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000950170-24-110834) directly on SEC EDGAR. The filing index links above go to sec.gov.