Paychex recorded higher revenue in the fiscal fourth quarter, driven in part by growth from Paycor, which it acquired last year.

The payroll and human-resources provider on Wednesday posted a profit of $420.6 million, or $1.17 a share, in the quarter ended May 31, compared with $297.2 million, or 82 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $1.32, ahead of the $1.31 anticipated by analysts, according to FactSet.

Revenue rose 12% to $1.61 billion. Analysts surveyed by FactSet forecast revenue of $1.6 billion.

Management-solutions revenue increased 14%, the company said. Paycor, which Paychex acquired in April 2025, contributed about 8% of that revenue growth. Higher product penetration and price realization also contributed to the growth.

Professional employer organization and insurance-solutions revenue increased 9%.

Paychex has been trying to increase its use of artificial intelligence in a way that differentiates its workforce-management platform HCM, it said. The company launched an AI-powered intelligence engine called Wise across HCM platforms and internal operations during the quarter.

For the new fiscal year, Paychex expects revenue to increase by 5% to 6%. It projects adjusted earnings per share growth will be 7% to 9%.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

June 24, 2026 08:55 ET (12:55 GMT)

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