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

Paychex, Inc. (NASDAQ:PAYX) Q3 2024 Outcomes Convention Name April 2, 2024 9:30 AM ET

Firm Contributors

John Gibson – President and Chief Govt Officer
Bob Schrader – Chief Monetary Officer

Convention Name Contributors

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 Financial institution
Scott Wurtzel – Wolfe Analysis


Good day, everybody, and welcome to right now’s Paychex Third Quarter Earnings Convention Name. Right now, all members are in a listen-only mode. Later, you may have a chance to ask questions through the question-and-answer session. [Operator Instructions] Please be aware this name is being recorded.

And it’s now my pleasure to show right now’s name over to President and Chief Govt Officer, John Gibson. Please go forward.

John Gibson

Thanks, Mike. Thanks, everybody for becoming a member of our dialogue right now on the Paychex third quarter fiscal 12 months 2024 earnings launch.

Becoming a member of me right now is Bob Schrader, our Chief Monetary Officer. This morning earlier than the market opened, we launched our monetary outcomes for the third quarter. You may entry our earnings launch on our Investor Relations web site. Our Type 10-Q shall be filed with the SEC throughout the subsequent day. This teleconference is being broadcast over the Web and shall be archived and obtainable on our web site for about 90 days.

I will begin the decision right now with an replace on the enterprise highlights for the third quarter after which flip it over to Bob for a monetary replace after which in fact, we’ll be joyful to take your questions.

We delivered stable leads to the third quarter and the primary 9 months of the present fiscal 12 months. Complete income development of