Paychex said total revenue for the three months ended November 30, 2024 was $1,316.9 million, up from $1,257.9 million a year earlier, a 5% increase, and operating income was $538.1 million, up 6%. Total revenue for the 6-month period was $2,635.4 million.

1. 01

   Paychex said total revenue for the three months ended November 30, 2024 was $1,316.9 million, up from $1,257.9 million a year earlier, a 5% increase, and operating income was $538.1 million, up 6%. Total revenue for the 6-month period was $2,635.4 million.

2. 02

   The company said Management Solutions revenue rose 3% to $962.9 million in Q2, and PEO and Insurance Solutions revenue rose 7% to $317.9 million. It said revenue growth for the quarter, excluding the impact of the expiration of the ERTC program, was 7%.

3. 03

   Paychex said its operating margin, defined as operating income as a percentage of total revenue, was 40.9% in Q2, compared with 40.2% a year earlier. Diluted earnings per share rose 6% to $1.14, and adjusted diluted earnings per share was $1.14.

4. 04

   Paychex said operating cash flow for the 6 months ended November 30, 2024 was $841.1 million. Over the same period, it paid cumulative dividends of $706.2 million ($1.96 per share) and repurchased 828,855 shares for $104.0 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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