PAYX Q2 Beats, Raises Outlook: EPS $1.26, Revenue $1.56B, YOY +18%

Paychex (PAYX) reported Q2 2026 results on Dec 19, 2025, exceeding expectations with adjusted EPS of $1.26 and revenue of $1.56 billion, up 18% year-over-year. The company raised its FY2026 outlook, projecting adjusted EPS growth of 10%-11%. Analysts expect FY2026 adjusted EPS of $5.44, a 9.2% increase. The consensus rating is "Hold" with a mean price target of $122.07, implying a 29.3% premium to current levels.