Financial Performance - Service revenues increased by 11% to $1,130 million in Q4 FY22, compared to $1,015 million in Q4 FY21[8] - Adjusted operating income increased by 11% to $394 million in Q4 FY22, compared to $354 million in Q4 FY21[8] - Adjusted diluted EPS increased by 13% to $0.81 in Q4 FY22, compared to $0.72 in Q4 FY21[10] - Total service revenue for the twelve months ended May 31, 2022, was $4,554 million, a 14% increase[37] - Adjusted diluted EPS for the twelve months ended May 31, 2022, was $3.77, a 24% increase[37] Business Highlights - The company achieved double-digit revenue and earnings growth[18] - Client retention remains above pre-pandemic levels, with revenue retention near record levels[18] - The quarterly dividend was raised by 20% to $0.79 a share[19] - $430 million was returned to shareholders in the form of dividends and share repurchases[19] Fiscal Year 2023 Outlook - Management Solutions Revenue is expected to grow by 5% - 7% year-over-year[32] - PEO & Insurance Solutions Revenue is expected to grow by 8% - 10% year-over-year[32] - Total Revenue is expected to grow by 7% - 8% year-over-year[32] - Adjusted Diluted EPS is expected to grow by 9% - 10% year-over-year[32]
Paychex(PAYX) - 2022 Q4 - Earnings Call Presentation