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Paychex, Inc. Reports Third Quarter Results: March 2017
Third Quarter Fiscal 2017 Highlights
- Total revenue increased 6% to $795.8 million.
- Total service revenue increased 6% to $782.6 million.
- Payroll service revenue increased 2% to $446.6 million.
- Human Resource Services revenue increased 12% to $336.0 million.
- Operating income increased 10% to $306.6 million.
- Net income and diluted earnings per share each increased 12% to $202.5 million and $0.56 per share, respectively.
Paychex, Inc. (“Paychex,” “we,” “our,” or “us”) (NASDAQ:PAYX) today announced total service revenue of $782.6 million for the three months ended February 28, 2017 (the “third quarter”), an increase of 6% from $740.7 million for the same period last year. Net income and diluted earnings per share each increased 12% to $202.5 million and $0.56 per share, respectively.