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Paychex, Inc. stockholders elected ten (10) director nominees, approved named executive officer compensation, ratified PricewaterhouseCoopers LLP for fiscal year 2027, and rejected a proposal for an attainable shareholder right to call a special meeting.
Paychex’s board recommended director elections, advisory approval of executive compensation, and ratification of PwC as auditor, while opposing a shareholder proposal for a special meeting. CEO John Gibson said stock splits offer no value because fractional-share alternatives exist.
Paychex reported first-quarter revenue of $1.6 billion, up 6%. Operating income rose 14% to $619.2 million; net income rose 12% to $429.7 million; diluted earnings per share rose 14% to $1.21 per share.
Paychex reported fiscal 27 revenue growth of 6% to $1.6 billion, PEO and insurance growth of 12% to $368 million, diluted earnings per share growth of 14% to $1.21, and raised PEO and insurance revenue growth guidance to seven to eight percent.
Paychex reported first-quarter fiscal 2027 revenue growth of 6% to $1.6 billion, diluted EPS growth of 14% to $1.21, and adjusted diluted EPS growth of 10% to $1.34. Fiscal 2027 adjusted diluted EPS growth guidance remained 7% to 9%.
