Paychex pulled in nearly $1.6 billion in second-quarter revenue, jumping 18% as AI tools boosted efficiency, according to BridgeTower Media. The growth came even as profits slipped, highlighting how heavily the company is investing in technology to streamline operations.
Net income fell 4% to $395.4 million, and diluted earnings per share dropped to $1.10. Adjusted EPS told a different story, climbing 11% to $1.26 as cost controls and productivity gains kicked in. CEO John Gibson said expanding AI-powered workforce tools played a key role.
Looking ahead, Paychex expects adjusted EPS to grow 10% to 11% in fiscal 2026 as it accelerates AI deployment across its platform.
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