Paychex FY26 revenue +17% to $6.5B on Paycor integration; resumed $611M buyback

Filed July 17, 2026 · Period ending May 31, 2026 · Compared to 10-K Jul 11, 2025 · ~2 min read

Key Changes

• high

  Total revenue grew 16.9% to $6.5B, driven by Paycor acquisition contributing ~15pp to Management Solutions growth; operating income rose 14% to $2.5B despite $304M in acquisition-related costs (up 87% YoY from first full year of Paycor intangible amortization).

  MD&A: Revenue & Operating Income verify on EDGAR →
• high

  Resumed share repurchases at $611M (5.6M shares at $108.81 avg), up from minimal $100M in prior year when Paycor acquisition paused buybacks; dividends paid rose 10% to $1.6B (90% of net income vs 87% prior year).

  MD&A: Capital Allocation verify on EDGAR →
• high

  Customer base expanded 5% to 840K total (800K payroll clients), with non-payroll revenue mix rising from over 50% to over 60% of total revenue; launched WISE AI engine powering ~600 features across solutions, drawing on 26 trillion data points.

  Business: Customer Growth & AI verify on EDGAR →