Filing Flows › Paychex (PAYX) › Guidance history
Paychex (PAYX) guidance history: what it guided and what it reported
Paychex gave guidance in 10 earnings releases on file since Dec 21, 2023. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Tax rate: 2 of 2, on average -0.7 pts against the guided midpoint. Its releases raised guidance 3 times and lowered it 0 times.
Operating margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY25 | 42.0%–43.0% (Jun 26, 2024) | — | — | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 44.0% (Jun 24, 2026) → reaffirmed 44.0% (Sep 23, 2026) | — | to be reported | — |
| FY26 | 43.0% (Jun 25, 2025) | — | — | — |
| FY25 | 43.0% (Mar 26, 2025) | — | — | — |
Tax rate
Met or beat 2 of 2 periods (0 above, 0 within, 2 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 24.0% (Jun 24, 2026) → reaffirmed 24.0% (Sep 23, 2026) | — | to be reported | — |
| FY26 | 24.0%–25.0% (Jun 25, 2025) | 23.8% | below the range | -0.7 pts |
| FY25 | 24.0%–25.0% (Jun 26, 2024) | 23.8% | below the range | -0.7 pts |
Other income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY25 | $35.0M–$40.0M (Jun 26, 2024) → lowered $30.0M–$35.0M (Oct 1, 2024) | — | — | — |
| FY24 | $35.0M–$40.0M (Dec 21, 2023) → raised $40.0M–$45.0M (Apr 2, 2024) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | −$1.00 (Jun 24, 2026) | — | to be reported | — |
| FY26 | −$1.00 (Jun 25, 2025) → reaffirmed −$1.00 (Sep 30, 2025) → reaffirmed −$1.00 (Dec 19, 2025) | — | — | — |
| FY25 | −$1.00 (Jun 26, 2024) | — | — | — |
| FY24 | −$1.00 (Dec 21, 2023) | — | — | — |
The latest quarter
Paychex, Q1 FY27: revenue $1.6B (+6% year over year), operating margin 38.0%, net earnings $430M, operating cash flow $414M. The chart follows the revenue to costs, profit and cash.
Questions
Does Paychex beat its guidance?
Paychex gave guidance in 10 earnings releases on file since Dec 21, 2023. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Tax rate: 2 of 2, on average -0.7 pts against the guided midpoint.
How often does Paychex raise guidance?
Its earnings releases raised guidance 3 times and lowered it 0 times since Dec 21, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.