Paychex, Inc. · PAYX · Next earnings

Paychex, Inc. reports Friday, Dec 18, 2026

PAYX reports before market open with consensus EPS at $1.30 and revenue at $1.62B. Last quarter: Paychex maintains FY27 outlook as PEO and AI momentum strengthen

Reports Before market open43 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $1.30 Calendar consensus
Consensus revenue $1.62B Calendar consensus
Report date Dec 18, 2026 Friday, date estimated
Session Before market open 43 days away

Where PAYX left off: FY2027 Q1

Full report

Paychex maintains FY27 outlook as PEO and AI momentum strengthen

EPS surprise +1.5% Reported $1.34 vs $1.32
Revenue surprise +0.2% Reported $1.63B vs $1.63B
Stock move -8.8% Event window
Subsequent drift -0.3% Up to 20 sessions

Overall fiscal 2027 guidance was maintained, while the PEO and Insurance Solutions growth outlook was raised.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • PEO enrollment timing could affect revenue.
  • Macroeconomic uncertainty, including inflation and oil-price shocks, may affect hiring and pricing.
  • AI deployment and customer adoption remain execution dependencies.

Questions analysts left open

  • AI adoption and repeat customer usage must translate into win rates and seller productivity.
  • PEO retention and downsell risk could rise in a higher-cost environment.
  • Revenue timing may be affected by second-quarter guidance and one-time revenue synergies.

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Recent PAYX quarters

All PAYX earnings
-8.8%FY2027 Q1-1.7%FY2026 Q4+3.0%FY2026 Q3-1.7%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.