Paychex Q4 2026 Earnings Call Transcript

On Wednesday, Paychex (NASDAQ: PAYX ) discussed fourth-quarter financial results during its earnings call.

The full transcript is provided below.

This transcript is brought to you APIs.

For real-time access to our entire catalog, please visit for a consultation.

View the webcast at Summary Paychex Inc reported strong financial performance for the fourth quarter and full fiscal year 2026, with total revenue increasing 12% in the fourth quarter to $1.6 billion and 17% for the full year to $6.5 billion.

The company highlighted its strategic focus on expanding its upmarket offerings, strengthening advisory differentiation, and advancing AI capabilities with the launch of WISE, an AI-powered intelligence engine.

For fiscal 2027, Paychex expects total revenue growth of 5-6%, with adjusted diluted earnings per share growth projected at 7-9%.

Operational highlights include record worksite employee retention in ASO and PEO, and significant progress in integrating the Paycor acquisition, contributing to revenue growth and cost synergies.

Management emphasized the benefits of their AI initiatives, noting that WISE is helping to enhance productivity and deliver better client outcomes, and is expected to drive long-term value creation.

Full Transcript OPERATOR Good morning everyone and welcome to Paychex's fourth quarter fiscal 2026 earnings call.

Participating on the call today are John Gibson and Bob Schrader.

Following these speakers' prepared remarks, there will be a question and answer period.

If you would like to ask a question during this time, simply press star then the number one on your telephone keypad.

If you would like to withdraw your question, please press star two on your telephone keypad.

As a reminder, this conference is being recorded and your participation implies consent to our recording of this call.

I would now like to turn the call over to Mr.

Bob Schrader, Paychex's chief financial officer.

Please go ahead sir.

Bob Schrader, Chief Financial Officer Thank you for joining us to discuss Paychex's fourth quarter and full year fiscal 2026 results.

Our earnings release and presentation are available on our investor relations website.

We plan to file our form 10-K with the SEC before the end of July.

This call is being webcast live and will be available for replay on our investor relations portal.

Today's call includes forward-looking statements that refer to future events and involve some risk.

We encourage you to review our filings with the SEC for additional information on factors that could cause actual results to differ from our current expectations.

We will also reference non-GAAP financial measures.

A description of these items along with the reconciliation of non-GAAP measures can be found in our earnings release.

I would now like to turn the call over to John Gibson, Paychex's President and CEO.

John B.

Gibson, President and Chief Executive Officer Thanks Bob.

I'll begin with our operational highlights for the quarter and the full year and then Bob will discuss our financial performance and outlook before we open the calls for your questions.

We finished the year with strong momentum, delivering double-digit revenue and earnings growth in the fourth quarter and the full year while also accelerating organic revenue growth in each quarter.

Our team executed well against our strategic priorities expanding upmarket, strengthening our advisory differentiation and advancing our AI capabilities to drive better client outcomes.

Our mission is simple: Help businesses succeed today.

Customers are managing more work and complexity than ever before and want more than just the tool; they want a trusted partner that can help them manage cost, attract and retain talent, and navigate a dynamic regulatory landscape.

That trust is reflected in our strong client retention across our payroll clients who rely on Paychex for support and advice across a growing number of solutions.

Our differentiated advisory and benefits solutions, including ASO, PEO, and retirement, continue to resonate in the market and drive robust revenue growth.