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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Samad Samana | Jefferies | 13 questions · 8% challenging |
| Jason Kupferberg | Wells Fargo | 13 questions · 8% challenging |
| Mark Marcon | Robert W. Baird | 12 questions · 8% challenging |
| Tien-Tsin Huang | JPMorgan | 12 questions · 0% challenging |
| Scott Wurtzel | Wolfe Research | 11 questions · 0% challenging |
| Kartik Mehta | Northcoast Research | 11 questions · 0% challenging |
| Andrew Nicholas | William Blair | 11 questions · 0% challenging |
| Bryan Keane | Citigroup | 9 questions · 0% challenging |
| James Faucette | Morgan Stanley | 7 questions · 0% challenging |
| Dan Jester | BMO Capital Markets | 6 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wells Fargo | 1 analyst | 13 questions · 8% challenging |
| William Blair | 2 analysts | 13 questions · 0% challenging |
| Jefferies | 1 analyst | 13 questions · 8% challenging |
| Robert W. Baird | 1 analyst | 12 questions · 8% challenging |
| JPMorgan | 1 analyst | 12 questions · 0% challenging |
| Northcoast Research | 1 analyst | 11 questions · 0% challenging |
| Morgan Stanley | 2 analysts | 11 questions · 0% challenging |
| Wolfe Research | 1 analyst | 11 questions · 0% challenging |
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Paychex closed fiscal 2026 with total revenue up 12% to $1.6 billion and GAAP diluted EPS up 43% to $1.17, though the headline EPS jump largely reflects lower year-over-year Paycor acquisition costs; adjusted diluted EPS rose a more representative 11% to $1.32. Organic revenue growth nearly doubled over the year to a mid-single-digit Q4 exit rate, and management exceeded its Paycor synergy targets while completing the integration and territory realignment. Adjusted operating income margin expanded approximately 170 basis points to 42.1% on productivity gains and cost discipline, and the company launched its Wise AI engine across its HCM platforms. For fiscal 2027, management introduced guidance of 5% to 6% total revenue growth and 7% to 9% adjusted EPS growth, with a float-income headwind of roughly 4% to 5% from prior rate cuts. It was a strong finish with accelerating organic momentum, partly flattered at the GAAP line by acquisition-driven comparisons.
Revenue Growth | M&A | Demand | Competitive Dynamics | Guidance Reliability | Macroeconomic | Cloud & AI | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 7 | 1 | 3 | 4 | 1 | 2 | ||
| 2025Q2 | 4 | 1 | 6 | 6 | 1 | 4 | 2 | 1 |
| 2025Q3 | 6 | 5 | 5 | 3 | 2 | 4 | 3 | 1 |
| 2025Q4 | 7 | 8 | 1 | 2 | 6 | 2 | ||
| 2026Q1 | 8 | 7 | 2 | 2 | 1 | 1 | 2 | |
| 2026Q2 | 9 | 5 | 9 | 3 | 3 | 1 | 4 | 4 |
| 2026Q3 | 16 | 12 | 7 | 4 | 6 | 2 | 6 | 3 |
| 2026Q4 | 7 | 4 | 3 | 1 | 4 | 1 | 1 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | '26Q4 | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 7 | 4 | 6 | 7 | 8 | 9 | 16 | 7 |
| M&A | 1 | 1 | 5 | 8 | 7 | 5 | 12 | 4 |
| Demand | 3 | 6 | 5 | 1 | 2 | 9 | 7 | 3 |
| Competitive Dynamics | 4 | 6 | 3 | 2 | 3 | 4 | 1 | |
| Guidance Reliability | 1 | 1 | 2 | 2 | 1 | 3 | 6 | 4 |
| Macroeconomic | 4 | 4 | 6 | 1 | 1 | 2 | 1 | |
| Cloud & AI | 2 | 3 | 2 | 4 | 6 | |||
| Pricing | 2 | 1 | 1 | 2 | 4 | 3 | 1 |
Calendar quarter Q2 2026Earnings call Jun 24, 2026
FY2026 Q4 in brief
Paychex closed fiscal 2026 with total revenue up 12% to $1.6 billion and GAAP diluted EPS up 43% to $1.17, though the headline EPS jump largely reflects lower year-over-year Paycor acquisition costs; adjusted diluted EPS rose a more representative 11% to…
Sources. Tellvest earnings-call sentiment score for Paychex (PAYX), FY2026 Q4: 7/10. Scores: Paychex’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: PAYX daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
Newest quarter FY2027 Q1 is part of Pro · see what Pro adds →
GAAP revenue YoY +12.5% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2025 Q2 | $1.32B | +4.7% | $1.14 | +5.6% | 40.9% | 31.4% | $248M |
| FY2025 Q3 | $1.51B | +4.8% | $1.43 | +3.6% | 45.8% | 34.4% | $667M |
| FY2025 Q4 | $1.43B | +10.2% | $0.82 | -21.9% | 30.2% | 20.8% | $345M |
| FY2026 Q1 | $1.54B | +16.8% | $1.06 | -10.2% | 35.2% | 24.9% | $663M |
| FY2026 Q2 | $1.56B | +18.3% | $1.10 | -3.5% | 36.7% | 25.4% | $383M |
| FY2026 Q3 | $1.81B | +19.9% | $1.55 | +8.4% | 43.8% | 31.0% | $762M |
| FY2026 Q4Selected | $1.61B | +12.5% | $1.17 | +42.7% | 37.7% | 26.2% | $515M |
| FY2027 Q1 | $1.63B | +5.9% | $1.21 | +14.2% | 38.0% | 26.4% | $357M |
| Year | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2023 | $5.01B | +8.6% | $4.30 | +12.0% | 40.6% | 31.1% | $1.59B |
| FY2024 | $5.28B | +5.4% | $4.67 | +8.6% | 41.2% | 32.0% | $1.69B |
| FY2025 | $5.57B | +5.6% | $4.57 | -2.1% | 39.6% | 29.7% | $1.77B |
| FY2026Selected | $6.51B | +16.9% | $4.88 | +6.8% | 38.6% | 27.0% | $2.32B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
PAYX Paychex | 7 | +12.5% | |
| ADP ADP | 7 | +6.8% |