Paychex, Inc.: These Are The 7 Biggest Factors Impacting Its Performance In 2025 & Beyond! 

Paychex’s recent earnings presentation shows a nuanced business performance with both strengths and challenges to consider. The company reported a 5% increase in total revenue, excluding the expiration of the Employee Retention Tax Credit (ERTC) program, which stands against a 7% revenue growth when adjusted for the ERTC’s effects. The company’s management solutions and PEO (Professional Employer Organization) and insurance solutions have been central to its growth narrative, with corresponding 3% and 7% revenue increases, respectively. However, ERTC expiration has posed a headwind, impacting the topline growth.