Paychex, Paylocity Top Q1 Revenue Estimates Amid Mixed HR Software Earnings

HR software companies reported mixed first-quarter results, with Paychex (NASDAQ:PAYX) and Paylocity (NASDAQ:PCTY) exceeding revenue expectations while Asure Software (NASDAQ:ASUR) and Paycom (NYSE:PAYC) offered tepid guidance. Collectively, the four tracked firms beat consensus revenue estimates by 1.9% for the quarter, but next-quarter guidance merely met forecasts. Paychex posted revenue of $1.81 billion, up 19.9% year-over-year, surpassing estimates by 1.5%. Paylocity’s $502.3 million, a 10.5% increase, beat by 2.5% and delivered the group’s strongest EBITDA surprise. In contrast, Asure topped revenue expectations by 2.1% with $42.76 million but issued sharply lower guidance for the coming quarter, sending its shares down 2.9% to $8.79 as of May 29, 2026. Paycom’s $571.8 million, up 7.8%, edged past analyst estimates by 1.4% but posted the slowest growth rate and offered full-year guidance that only met expectations. Since their respective reports through May 29, 2026, the stocks gained an average 3%, reflecting cautious investor sentiment amid broader market uncertainty.