PAYCHEX WKN: 868284 ISIN: US7043261079 Kürzel: PAYX Forum: Aktien Thema: Hauptdiskussion

Q1 FY2026 Earnings: EPS Beat & Guidance Raised, Costs Weigh on Margins 💼📊 Paychex delivered EPS beats and lifted FY26 adjusted EPS guidance, though acquisition costs pressured margins: ✅ Adj. EPS: $1.22 (vs $1.20 est.) ✅ GAAP EPS: $1.06 (vs $1.04 est.) ➖ Revenue: $1.54B (vs $1.54B est.) Highlights 🌟 • Revenue +17% YoY, fueled by Paycor acquisition & HCM demand • Management Solutions revenue +21% YoY, strong Paycor contribution • AI & tech investment driving product innovation • Operating cash flow: $718M • Shareholder returns: $389M dividends ($1.08/share) & $160M buybacks (1.1M shares) Guidance 🔭 • FY26 Adj. EPS growth: 9%–11% (raised) • Other guidance items reaffirmed Challenges ⚠️ • Expenses +29% YoY from Paycor acquisition (comp & amortization) • Operating margin fell to 35.2% (from 41.5%) • Interest expense jumped to $68M (from $9.6M) on acquisition debt Notable Announcements 📢 • Raised FY26 Adj. EPS guidance • Paycor integration milestones achieved • Ongoing share buybacks & dividends • No leadership changes or restructuring disclosed Tone: Mixed to bullish — mgmt highlights growth & confident EPS outlook, while acknowledging cost pressures from acquisition & debt ⚖️