Paychex Inc

PAYX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Paychex Earnings: Paycor Growth Disappoints but Long-Term Strategy Remains Strong

Alex Medow

Dec 19, 2025

Paychex reported second-quarter results with revenue increasing 18% year over year to nearly $1.6 billion and adjusted operating margins improving 80 basis points to 41.7%. Management reiterated its belief that it can achieve full-year growth in the high teens and 43% adjusted operating margins.

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Paychex Inc

Paychex Earnings: Paycor Growth Disappoints but Long-Term Strategy Remains Strong

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