Paychex Inc. (NASDAQ:PAYX) saw its stock price surge 5.83% during pre-market trading on Wednesday, following the release of its third-quarter financial results.

The significant price movement was driven by the company reporting better-than-expected earnings. Paychex announced adjusted earnings per share of $1.71, surpassing the analyst consensus estimate of $1.67. Furthermore, quarterly revenue reached $1.8089 billion, exceeding the estimated $1.790 billion. Other key metrics also beat expectations, including adjusted operating income and adjusted net income. The company also reaffirmed its overall fiscal 2026 business outlook, providing confidence to investors.