Paychex Inc
PAYX: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|^# | LOCK|>?s& | LOCK|N!J^@#x |
Paychex Earnings: Paycor Growth Disappoints but Long-Term Strategy Remains Strong
Paychex reported second-quarter results with revenue increasing 18% year over year to nearly $1.6 billion and adjusted operating margins improving 80 basis points to 41.7%. Management reiterated its belief that it can achieve full-year growth in the high teens and 43% adjusted operating margins.
