Paychex, Inc. (NASDAQ: PAYX) reported upbeat earnings for its fiscal second-quarter on Friday.

Although the revenue and EPS for Paychex (PAYX) give a sense of how its business performed in the quarter ended November 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Thrivent Financial for Lutherans increased its stake in Paychex, Inc. (NASDAQ: PAYX) by 32.8% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,251 shares of the business services provider's stock after purchasing an additional 6,971 shares during the period.

I rate Paychex a BUY, with a current price around $112 versus a fair value north of $150 per share. Q2 2026 earnings showed strong revenue growth (18% YoY), driven by the Paycor acquisition and solid organic expansion. Cost synergies from Paycor are now projected at $100M for FY26, up from $80M previously estimated.

CNBC's Jim Cramer talks with Paychex president and CEO John Gibson about the state of small business, the labor market, its latest earnings report and more.

CNBC's Jim Cramer talks with Paychex president and CEO John Gibson about the state of small business, the labor market and more.

Paychex, Inc. ( PAYX ) Q2 2026 Earnings Call December 19, 2025 9:30 AM EST Company Participants Robert Schrader - Senior VP & CFO John Gibson - President, CEO & Director Conference Call Participants Mark Marcon - Robert W. Baird & Co. Incorporated, Research Division Bryan Bergin - TD Cowen, Research Division Bryan Keane - Citigroup Inc., Research Division Tien-Tsin Huang - JPMorgan Chase & Co, Research Division Andrew Nicholas - William Blair & Company L.L.C.

Total Revenue: Increased 18% year-over-year to $1.6 billion.Management Solutions Revenue: Grew 21% to $1.2 billion, with Paycor contributing approximately 17 p

PAYX beats on 2Q26 earnings and revenues. EPS grows 10.5% y/y and sales rise 18.3%, as management solutions led growth.

Payroll services provider Paychex reported higher expenses for the second quarter on Friday, taking the shine off its raise in annual adjusted earnings growth forecast.