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Paychex PAYX Q1 2027 earnings

Reported September 23, 2026 · Before market open

Revenue$1.6BBeat by $3.9M
Adjusted EPS$1.34Beat by $0.02
Revenue estimate$1.6B
EPS estimate$1.32
“Paychex delivered a solid start to total revenue growth in fiscal 2027, with double-digit PEO and Insurance Solutions revenue and EPS growth underscoring the strength of our advisory solutions, disciplined execution, and continued progress against our strategic priorities. Our results reflect the durability of our business model, go-to-market investments helping us bring the full breadth of our solutions to more prospects and clients, and the value businesses place on our ability to combine innovative technology with trusted advisory expertise to navigate an increasingly complex workforce, regulatory, and benefits environment.”
John Gibson

Next report

Dec 18, 2026 (in 2 months)
Revenue estimate$1.6B
EPS estimate$1.30

Financials

Q1 2027

Income statement

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Revenue$1.6B+5.9%
Gross profit$1.2B+6.6%
Operating income$619.2M+14.3%
Net income$429.7M+12.0%
EPS (diluted)$1.21+14.2%

Balance sheet

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Cash & equivalents$600.9M-25.7%
Total debt$4.6B0.0%
Total equity$3.7B-6.7%
Total assets$15.7B-6.0%

Cash flow

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Operating cash flow$413.5M-42.4%
CapEx$56.1M+0.4%
Free cash flow$357.4M-46.1%

Valuation & ratios

Valuation

as of 10/09/26
See full
Market cap$37.19B-17.5%
Enterprise value$41.21B-15.7%
P/E20.6×-7.3×
P/S5.6×-2.1×

Profitability

See full
Gross margin74.4%+1.6pp
Operating margin39.2%+1.2pp
Net margin27.4%-0.5pp
FCF margin30.5%-1.6pp

Returns & leverage

See full
Return on equity47.1%+5.8pp
Debt / equity1.2×+0.1×
Current ratio1.3×0.0×

Segments

By product

See full
Management Solutions$1.2B+4.3%
Peo And Insurance Solutions$367.6M+11.7%

FAQ

When did Paychex report Q1 2027 earnings?
Paychex (PAYX) reported Q1 2027 earnings on September 23, 2026 before market open.
What were Paychex's Q1 2027 revenue and EPS?
Paychex reported revenue of $1.6B and adjusted eps of $1.34 for Q1 2027.
Did Paychex beat estimates in Q1 2027?
Revenue beat the consensus estimate of $1.6B by $3.9M. EPS beat the consensus estimate of $1.32 by $0.02.
How did Paychex's Q1 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.9% from $1.5B a year earlier.
Where can I find Paychex's Q1 2027 SEC filings?
You can read the 8-K earnings release (0000723531-26-000004) and the 10-Q periodic report (0000723531-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.