Paychex, Inc. (PAYX) Q3 2024 Earnings Call Transcript

Paychex, Inc. (NASDAQ:PAYX) Q3 2024 Results Conference Call April 2, 2024 9:30 AM ET

Company Participants

John Gibson – President and Chief Executive Officer
Bob Schrader – Chief Financial Officer

Conference Call Participants

Mark Marcon – Baird
Kevin McVeigh – UBS
Tien-Tsin Huang – JPMorgan
Bryan Bergin – TD Cowen
Samad Samana – Jefferies
James Faucette – Morgan Stanley
Ramsey El-Assal – Barclays
David Paige – RBC Capital Markets
Bryan Keane – Deutsche Bank
Scott Wurtzel – Wolfe Research


Good day, everyone, and welcome to today’s Paychex Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, you’ll have an opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note this call is being recorded.

And it is now my pleasure to turn today’s call over to President and Chief Executive Officer, John Gibson. Please go ahead.

John Gibson

Thank you, Mike. Thank you, everyone for joining our discussion today on the Paychex third quarter fiscal year 2024 earnings release.

Joining me today is Bob Schrader, our Chief Financial Officer. This morning before the market opened, we released our financial results for the third quarter. You can access our earnings release on our Investor Relations website. Our Form 10-Q will be filed with the SEC within the next day. This teleconference is being broadcast over the Internet and will be archived and available on our website for approximately 90 days.

I’m going to start the call today with an update on the business highlights for the third quarter and then turn it over to Bob for a financial update and then of course, we’ll be happy to take your questions.

We delivered solid results in the third quarter and the first nine months of the current fiscal year. Total revenue growth of


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