Paychex said total revenue for the 3 months ended November 30 increased 18% to $1,557.6 million, operating income rose 6% to $571.9 million, and adjusted operating income grew 21% to $649.0 million.

1. 01

   Paychex said total revenue for the 3 months ended November 30 increased 18% to $1,557.6 million, operating income rose 6% to $571.9 million, and adjusted operating income grew 21% to $649.0 million.

2. 02

   The company said adjusted operating income for the 3 months excluded Paycor acquisition-related costs of $77.0 million included in selling, general and administrative expenses. Operating margin was 36.7% and adjusted operating margin was 41.7%.

3. 03

   Paychex said diluted earnings per share for the 3 months decreased 4% to $1.10 and adjusted diluted earnings per share increased 11% to $1.26. The company updated its guidance for full-year adjusted diluted earnings per share to grow 10% to 11%.

4. 04

   Paychex said cash flow from operations for the 6 months ended November 30 was $1.2 billion, it paid dividends of $777.0 million, and it repurchased 2.1 million shares for $286.6 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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