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Aug 31, 2020
Paychex Q1 2021 Earnings Report
Paychex's first quarter results reflected better improvement than expected from the fourth quarter fiscal 2020 COVID-19 impact, and the company improved guidance ranges for fiscal 2021.
Key Takeaways
Paychex reported a 6% decrease in total revenue to $932.2 million for the first quarter. Net income decreased by 20% to $211.6 million, and diluted earnings per share decreased by 19% to $0.59 per share.
Total revenue decreased 6% to $932.2 million.
Operating income decreased 19% to $284.0 million.
Net income decreased 20% to $211.6 million.
Diluted earnings per share decreased 19% to $0.59 per share.
Paychex
Paychex
Paychex Revenue by Segment
Revenue by Segment
Management Solutions Revenue
CapyFin.comPEO & Insurance Revenue
CapyFin.comClient Funds Interest Revenue
CapyFin.com Forward Guidance
Paychex anticipates impacts resulting from the COVID-19 pandemic based on current assumptions and market conditions for the fiscal year ending May 31, 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income