Paychex, Inc.
PAYX
Jodie read · what matters now
Revenue increased 19.5% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to PAYX, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing presents a mixed picture
10-Q filed 2026-03-26 against the comparable filing from 2025-03-26.
What improved
- Revenue increased 19.5% versus the comparable filing period.
What weakened
- Operating margin fell 2.0 percentage points.
- Net margin fell 3.4 percentage points.
Filing receipts
“26 Table of Contents Interest expense: Interest expense increased $45.5 million to $68.1 million for the third quarter and $163.1 million to $204.8 million for the nine months, primarily due to the issuance of incremental debt to finance the acquisition of Paycor.”
“Management Solutions revenue increased due to the following: o Growth in the number of clients served, primarily driven by the acquisition of Paycor, and client worksite employees for HR Solutions; and o Higher revenue per client driven by Paycor's upmarket client base, price realization, and product penetration.”
“The changes in revenue as compared to the prior year periods were primarily driven by the following factors: • Management Solutions revenue: $1.4 billion for the third quarter and $3.7 billion for the nine months, reflecting increases of 23% and 22%, respectively.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind PAYX
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 5 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
PAYX is currently a Participant in the organic co-movement group Staffing Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Theme membership history
No durable theme membership has been observed for this name yet.