Short answer
Paychex (PAYX) filed its Q3 2025 10-Q quarterly report on Sep 30, 2025 for the quarter ended Aug 31, 2025. Quarterly revenue was $1.5B (up 16.5% year over year) with net income of $384M.
Q3 2025 key financials · XBRL
- Revenue
- $1.5B
- +16.5% YoY
- Net income
- $384M
- −10.2% YoY
- Operating margin
- 36.3%
- EPS (diluted)
- $1.06
- −10.2% YoY
Source: XBRL data from the Paychex (PAYX) Q3 2025 10-Q on SEC EDGAR. USD.
Paychex Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No profitability or margin figures mentioned
- No information on cash position, operating cash flow, or capital deployment changes
- No management commentary on near-term outlook, guidance, or headwinds
Risk Factors
- New risk: letters of credit $177.2M expiring Sept 2025-Feb 2027 securing insurance commitments, no outstanding amounts as of Aug 31, 2025
- Updated financial risk: long-term debt $5B with fixed rates 4.07%-5.60%, principal dates 2026-2035, increasing near-term cash commitments by $400M due Mar 2026
- Regulatory risk not materially changed, no new compliance challenges mentioned in this quarter
- Operational risk: dependence on insurance policy commitments secured by letters of credit totaling $177.2M impacting liquidity if triggered
- Market risk: exposure to fixed-rate interest payments of $137M-$168M annually on corporate bonds influencing interest expense sensitivity
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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