AI English summary of an SEC filing — figures as filed
Paychex PAYXPaychex said total revenue for the fourth quarter of fiscal 2025 was $1,427.3 million, an increase of 10% compared with the prior year period. Management Solutions revenue increased 12%, and the company cited the acquisition of Paycor and higher revenue per client as factors.
Key points
AI summaryPaychex said total revenue for the fourth quarter of fiscal 2025 was $1,427.3 million, an increase of 10% compared with the prior year period. Management Solutions revenue increased 12%, and the company cited the acquisition of Paycor and higher revenue per client as factors.
The company said operating income for the Q4 was $431.1 million, a decrease of 11%, and operating margin was 30.2% compared with 37.2% in the prior year period. Adjusted operating income on a non-GAAP basis increased 11% to $576.7 million, adjusted operating margin was 40.4%, and the adjustments included Paycor-related acquisition-related costs of $145.6 million.
Paychex said cash flow from operations for fiscal 2025 was $2.0 billion and cash used in investing activities was $3.7 billion, primarily related to acquisitions. As of May 31, 2025, short-term and long-term borrowings, net of debt issuance costs, were $5.0 billion, an increase of $4.1 billion compared with May 31, 2024, and the company said this was primarily related to financing for the Paycor acquisition.
The company said it anticipates total revenue for fiscal 2026, the year ending May 31, 2026, to grow in the range of 16.5% to 18.5%, and adjusted diluted earnings per share to grow in the range of 8.5% to 10.5%. The outlook excludes acquisition-related costs, and the company said adjusted operating margin is anticipated to be approximately 43%.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Fourth Quarter Total Revenue Up 10%, Including Paycor
Paychex said total revenue for the fourth quarter of fiscal 2025 was $1,427.3 million, an increase of 10% compared with the prior year period. Management Solutions revenue increased 12%, and the company cited the acquisition of Paycor and higher revenue per client as factors.
Source · Based on the filing body and exhibits
Fourth Quarter GAAP Operating Income Down 11%, Adjusted Operating Income Up 11%
The company said operating income for the Q4 was $431.1 million, a decrease of 11%, and operating margin was 30.2% compared with 37.2% in the prior year period. Adjusted operating income on a non-GAAP basis increased 11% to $576.7 million, adjusted operating margin was 40.4%, and the adjustments included Paycor-related acquisition-related costs of $145.6 million.
Source · Based on the filing body and exhibits
Fiscal 2025 Operating Cash Flow and Increased Borrowings
Paychex said cash flow from operations for fiscal 2025 was $2.0 billion and cash used in investing activities was $3.7 billion, primarily related to acquisitions. As of May 31, 2025, short-term and long-term borrowings, net of debt issuance costs, were $5.0 billion, an increase of $4.1 billion compared with May 31, 2024, and the company said this was primarily related to financing for the Paycor acquisition.
Source · Based on the filing body and exhibits
Fiscal 2026 Outlook
The company said it anticipates total revenue for fiscal 2026, the year ending May 31, 2026, to grow in the range of 16.5% to 18.5%, and adjusted diluted earnings per share to grow in the range of 8.5% to 10.5%. The outlook excludes acquisition-related costs, and the company said adjusted operating margin is anticipated to be approximately 43%.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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