PRESS RELEASE OF PAYCHEX, INC. DATED APRIL 2, 2024 Paychex, Inc. Reports Third Quarter Results: Sustained Growth in Revenue and Earnings Rochester, N.Y. - (April 02, 2024) - Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today announced the following results for the fiscal quarter ended February 29, 2024 (the "third quarter"), as compared to the corresponding prior-year period: For the nine months For the three months ended ended February February February February 29, 28, 29, 28, Change(2 I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (cid:0) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2023 OR (cid:0) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________to __________ Commission file number 0-11330 _______________ ...

Paychex, Inc. (NASDAQ:PAYX) Q2 2024 Earnings Conference Call December 21, 2023 9:30 AM ET Company Participants John Gibson - President and Chief Executive Officer Bob Schrader - Chief Financial Officer Conference Call Participants Kevin McVeigh - UBS Andrew Nicholas - William Blair Ramsey El-Assal - Barclays Bryan Bergin - TD Cowen Jason Kupferberg - Bank of America Peter Christiansen - Citi Kartik Mehta - Northcoast Research Samad Samana - Jefferies Bryan Keane - Deutsche Bank James Faucette - Morgan Stanl ...

Second Quarter Highlights and Financial Results Fiscal 2024 Forward Looking Statements You should be aware that certain written and oral statements made by management may constitute “forward-looking statements” within the meaning of the safe-harbor provisions of the United States (“U.S.”) Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumpt ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (cid:0) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2023 OR (cid:0) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________to __________ Commission file number 0-11330 _________________ ...

财务数据和关键指标变化 - 总收入增长7%至13亿美元 [1][2] - 管理解决方案收入增长6%至9.56亿美元 [2] - PEO和保险解决方案收入增长5%至2.98亿美元 [2] - 客户资金持有利息收入增长83%至3300万美元 [2] - 总费用增长5%至7.5亿美元 [2] - 营业利润增长8%至5.36亿美元,营业利润率为41.7%,同比提升60个基点 [2] - 每股摊薄收益增长10%至1.16美元,经调整每股摊薄收益增长11%至1.14美元 [2] 各条业务线数据和关键指标变化 - 管理解决方案收入增长主要由于客户数量和员工人数增加、产品渗透率提高、价格实现和HR附加服务增加 [2] - PEO和保险解决方案收入增长主要由于每客户收入和平均工作现场员工人数增加 [2] - PEO业务在第一季度销售活动、保险附加和保留率方面都有良好表现,公司正在密切关注10月至1月的开放入学季 [1] 各个市场数据和关键指标变化 - 小型企业就业指数显示小型企业持续稳定但温和地增加员工 [1] - 工资增长趋势显示有所降温,与整体通胀一致 [1] - 公司数据显示中小企业经营环境总体稳定 [1] 公司战略和发展方向及行业竞争 - 公司继续专注于获取和保留高价值客户 [1] - 公司在人工智能和大数据分析方面的投入和应用已有10多年历史,拥有200多个AI模型为业务赋能 [1][2] - 公司在创新、服务和对客户、行业及社会的积极影响方面持续获得认可和奖项 [1] - 公司产品和服务组合为中小企业提供所需的技术和建议,帮助其保持竞争力 [1] 管理层对经营环境和未来前景的评论 - 中小企业就业水平保持稳定,小型企业显示出韧性 [1] - 公司密切监测领先指标,准备采取适当行动应对任何变化,但目前未见重大变化 [1] - 小型企业获取资本和管理现金流仍是挑战,推动了公司ERTC服务的需求 [1] - 数字化HR需求强劲,公司的HR咨询解决方案也保持旺盛需求 [1] 其他重要信息 - 公司CFO Efrain Rivera宣布将于10月12日退休,由Bob Schrader接任 [1][2] - 公司调整了PEO产品组合,提高了保险附加率和保留率 [1][2] - 公司完成了一项小型收购,旨在为中小企业提供应收账款融资解决方案 [2] 问答环节重要的提问和回答 问题1 **Ramsey El-Assal 提问** 询问公司其他收入中利息收入的变化趋势 [6] **Efrain Rivera 回答** 其他收入中包括利息收入、投资收益等,受公司现金余额和市场波动的影响会有一定波动,预计全年会有所下降 [6] 问题2 **Daniel Maxwell 提问** 询问ASO和PEO业务的动态变化 [7] **John Gibson 回答** 公司看到ASO和PEO业务的平衡趋于恢复正常水平,PEO新销售和从ASO向PEO的转化都有不错的表现 [7] 问题3 **Bryan Bergin 提问** 询问ERTC业务的最新进展和影响 [8][9] **John Gibson 回答** ERTC业务在第一季度表现符合预期,公司将继续为客户提供服务,IRS暂停处理不会影响公司的服务能力,只会延迟客户收到退税 [8][9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-K _________________________________________ (cid:0) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2023 OR (cid:0) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to __________ Commission file number 0-11330 ____________________________ ...

财务数据和关键指标变化 - 总收入增长9%达到50亿美元,创下公司历史新高 [10] - 经调整每股摊薄收益增长13%至4.27美元 [11] - 营业利润率达到40.6%,同比提升70个基点 [11] 各条业务线数据和关键指标变化 - 管理解决方案收入增长8%至37亿美元 [31] - PEO和保险解决方案收入增长6%至12亿美元 [31] - 工作场所员工人数同比增长超过10% [14] - 退休方案业务保持强劲增长势头 [17] 各个市场数据和关键指标变化 - 小型企业信用环境持续需求公司的员工留任税收抵免服务 [18] - 医疗保险计划销售和参与量有所下降,客户更倾向于采用ASO模式 [28] 公司战略和发展方向及行业竞争 - 持续专注于开发领先的客户体验,结合技术、咨询能力和合作伙伴关系 [22] - 公司在小型和中型企业市场处于领先地位,能够帮助客户应对复杂多变的经营环境 [22] - 公司在HR技术领域持续获得行业认可,连续4年获得HR Tech Award [19][20] 管理层对经营环境和未来前景的评论 - 小型和中型企业面临复杂的监管环境、激烈的劳动力市场和收紧的信贷环境 [15] - 预计未来利率变化和经济状况存在一定不确定性 [37] - 对第一季度和上半年的业务增长持谨慎乐观态度 [38] 其他重要信息 - 公司现金、受限现金和总公司投资超过16亿美元,总借款约8.08亿美元 [33] - 全年经营活动产生的现金流1.7亿美元,同比增长13% [34] - 公司支付12个月滚动股息占净收益的70% [34] 问答环节重要的提问和回答 问题1 **Ramsey El-Assal 提问** 询问公司的定价环境,是否有更积极的定价调整空间 [45][46] **John Gibson 回答** 公司定价环境相对稳定,在现有客户和新客户中保持竞争力 [46][47] 问题2 **Eric Dray 提问** 询问公司对利率变化和投资组合久期管理的看法 [52][54] **Efrain Rivera 回答** 预计未来利率将有几次小幅上升后开始下降,公司将采取谨慎的投资组合管理策略 [54] 问题3 **Rayna Kumar 提问** 询问公司在不同客户规模和产品线的销售情况 [56][57][59] **John Gibson 回答** 公司各个市场和产品线均保持强劲需求 [59]

Fourth Quarter Highlights and Financial Results Fiscal 2023 Looking Statements Forward You should be aware that certain written and oral statements made by management may constitute "forward-looking statements" within the meaning of the safe-harbor provisions of the United States ("U.S.") Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumpt ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ (cid:0) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2023 OR (cid:0) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from __________to __________ Commission file number 0-11330 _______________ ...