Paychex, Inc. Reports Third Quarter Results: Strong Revenue and Earnings Growth

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[{"type":"text","content":" ROCHESTER, N.Y.--(BUSINESS WIRE)--\nPaychex, Inc. (the “Company,” “Paychex,” “we,” “our,” or “us”) today announced the following results for the quarter ended February 28, 2023 (the “third quarter”), as compared to the corresponding prior year period:\n\n\n\n \n\n\n\n \n\n\n\nFor the three months\nended\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nFor the nine months\nended\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nFebruary 28,\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nFebruary 28,\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nIn millions, except per share amounts\n\n\n\n \n\n\n\n2023\n\n\n\n \n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\nChange(2)\n\n\n\n \n\n\n\n2023\n\n\n\n \n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n \n\n\n\nChange(2)\n\n\n\n\n\nTotal service revenue\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1,345.7\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1,261.6\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n7\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n3,702.6\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n3,424.4\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n8\n\n\n\n%\n\n\n\n\n\nTotal revenue\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1,381.0\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1,276.0\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n8\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n3,777.5\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n3,467.4\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n9\n\n\n\n%\n\n\n\n\n\nOperating income\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n611.9\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n562.8\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n9\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1,579.8\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1,446.0\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n9\n\n\n\n%\n\n\n\n\n\nDiluted earnings per share\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1.29\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1.19\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n8\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n3.33\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n3.02\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n10\n\n\n\n%\n\n\n\n\n\nAdjusted diluted earnings per share(1)\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1.29\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n1.15\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n12\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n3.31\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n \n\n\n\n2.95\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n12\n\n\n\n%\n\n\n\n\n\n\n(1)\n\n\n\n\nAdjusted diluted earnings per ...

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