Paychex reports Q1 adjusted EPS $1.16, consensus $1.14

Reports Q1 revenue $1.32B, consensus $1.32B. President and CEO, John Gibson commented, “We are off to a solid start in fiscal 2025 with 3% growth in total revenue during the first quarter. Excluding the impact of the expiration of the Employee Retention Tax Credit (“ERTC”) program and one less payroll processing day, revenue growth was 7%. Despite these headwinds, we delivered earnings per share growth in the first quarter through strong expense discipline.”