Company: PAYX
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0000950170-25-045216
Chunk: 10

Company: PAYCHEX INC
Filing Date: 2025-03-26
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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    %

    Adjusted diluted earnings per share(1)
     
    $
     
    1.49

    $
     
    1.38

    8
     
    %
     
    $
     
    3.79

    $
     
    3.60

    5
     
    %

    Dividends paid to stockholders
     
    $
     
    353.0

    $
     
    320.4

    10
     
    %
     
    $
     
    1,059.2

    $
     
    962.5

    10
     
    %

(1)Adjusted operating income, adjusted net income and adjusted diluted earnings per share are not U.S. generally accepted accounting principle (“GAAP”) measures. Refer to the “Non-GAAP Financial Measures” section of this Item 2 for a discussion of non-GAAP measures and a reconciliation to the U.S. GAAP measures of operating income, net income, and diluted earnings per share.

(2)Percentage changes are calculated based on unrounded numbers.

For further analysis of our results of operations for the third quarter and nine months, the prior year periods, and our financial position as of February 28, 2025, refer to the tables and analysis in the “Results of Operations” and “Liquidity and Capital Resources” sections of this Item 2.

RESULTS OF OPERATIONS

Summary of Results of Operations:

    For the three months ended

    For the nine months ended

    February 28,
     
    February 29,

    February 28,
     
    February 29,

    In millions, except per share amounts
     
    2025
     
    2024
     
    Change(1)
     
    2025
     
    2024
     
    Change(1)

    Revenue:

    Management Solutions
     
    $
     
    1,100.7

    $
     
    1,049.9

    5
     
    %
     
    $
     
    3,025.3

    $
     
    2,936.1

    3
     
    %

    PEO and Insurance Solutions

    365.4

    345.5

    6
     
    %

    1,002.6