10:45 AM EDT, 06/25/2025 (MT Newswires) -- Paychex ( PAYX )' (PAYX) fiscal fourth-quarter revenue missed analysts' estimates, while the human resources, payroll and benefits management services provider issued an upbeat outlook for the current year.

Revenue grew 10% year on year to $1.43 billion, missing Wall Street's $1.44 billion view. Adjusted per-share earnings rose to $1.19 for the three-month period ended May 31 from $1.12 a year earlier. The print matched the consensus view among analysts in a FactSet poll.

The company's recent purchase of Paycor HCM helped boost revenue, while acquisition-related costs, among other factors, increased total expenses for the quarter, weighing on operating margins.

Shares of the company were down 8.7% intraday Wednesday.

Management solutions revenue increased 12% to $1.04 billion, while professional employer organization and insurance solutions rose 4% to $340.3 million.

For fiscal 2026, the company expects adjusted EPS to grow 8.5% to 10.5%. Revenue is anticipated to increase 16.5% to 18.5%. It reported a 6% increase in fiscal 2025 adjusted EPS to $4.98 and 6% growth in revenue to $5.57 billion.

Analysts are looking for non-GAAP EPS of $5.32 on revenue of $6.61 billion for the current year.

"With the successful completion of the Paycor acquisition and significant progress made on the integration, Paychex ( PAYX ) is better positioned than ever before for continued success in the digital and (artificial intelligence)-driven era of human capital management," Chief Executive John Gibson said in a statement. "This strategic move strengthens our capabilities upmarket; expands our total addressable market; enhances our strategic partner network; and provides additional opportunity for cross sell across our client base."

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