Paychex, Inc. Reports Fourth Quarter and Fiscal 2020 Results
Rochester, N.Y. — Paychex, Inc. today announced its results of operations for the three months ended May 31, 2020, and for the fiscal year ended May 31, 2020. Total revenue decreased 7% for the fourth quarter to $915.1 million. For the fiscal year, total revenue increased 7% to $4.0 billion. Oasis Outsourcing Group Holdings, L.P., acquired in December 2018, contributed approximately 4% to the growth in total revenue for the fiscal year. For the fourth quarter, net income and diluted earnings per share decreased 4% and 5%, respectively, to $220.7 million and $0.61 per share, respectively. For the fiscal year, net income and diluted earnings per share each increased 6% to $1.1 billion and $3.04 per share, respectively.
Paychex, Inc. (Nasdaq:PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex serves more than 670,000 payroll clients as of May 31, 2020 across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting paychex.com and stay connected on Twitter and LinkedIn.