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May 31, 2020
Paychex Q4 2020 Earnings Report
Paychex's fourth quarter and fiscal year 2020 results were released, showing a decrease in revenue and earnings per share for the quarter due to the impact of COVID-19.
Key Takeaways
Paychex reported a 7% decrease in total revenue for the fourth quarter to $915.1 million, with net income decreasing by 4% to $220.7 million and diluted earnings per share decreasing by 5% to $0.61. The results were impacted by the COVID-19 pandemic, which caused business shutdowns and affected sales and financial performance.
Total revenue decreased 7% to $915.1 million.
Net income decreased 4% to $220.7 million.
Diluted earnings per share decreased 5% to $0.61 per share.
COVID-19 pandemic adversely impacted results due to business suspensions.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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