Second Quarter Fiscal 2017 Highlights

  • Total revenue increased 7% to $771.4 million.
  • Total service revenue increased 7% to $760.0 million.
    • Payroll service revenue increased 3% to $440.9 million.
    • Human Resource Services revenue increased 12% to $319.1 million.
  • Operating income increased 6% to $311.1 million.
  • Net income increased 7% to $202.1 million and diluted earnings per share increased 8% to $0.56 per share.

Paychex, Inc. (“Paychex,” “we,” “our,” or “us”) (NASDAQ:PAYX) today announced total service revenue of $760.0 million for the three months ended November 30, 2016 (the “second quarter”), an increase of 7% from $711.3 million for the same period last year.  Net income increased 7% to $202.1 million and diluted earnings per share increased 8% to $0.56 per share.

To read the full news release, click here.