Will Chi's questions to Paychex Inc (PAYX) leadership • Q3 2025
Question
Will Chi, on for Ashish Sabadra, asked for comments on the competitive landscape and an update on the company's capital allocation strategy.
Answer
CEO John Gibson stated that the competitive market has not seen any major shifts and remains competitive. Executive Robert Schrader confirmed there is no change to the capital allocation strategy, which prioritizes investing in the business, maintaining the dividend, and pursuing M&A. He added that the near-term focus will be on successfully integrating Paycor, with no other significant M&A expected.