Paychex (PAYX) Stock Slides 5% Despite Earnings Beat Payroll services specialist Paychex (NASDAQ: PAYX ) stock is trending on social media as it declined quickly in early-morning trading today. At the same time, Paychex’s freshly released financial results demonstrated improvement in practically every category. Virtually everywhere you look, you’ll see double-digit year-over-year growth in Paychex’s results for the fiscal fourth quarter ended May 31, 2022, and for fiscal 2022, which ended that same day. Starting with the top-line results, Paychex’s Q4 total service revenue, total revenue and operating income all increased 11%. For full fiscal year 2022, the company’s total service revenue and total revenue both grew 14%, while Paychex’s operating income increased 26% — not too shabby. Turning to the top line, Paychex reported Q4 adjusted diluted earnings per share (EPS) of 81 cents, up 13% and slightly beating the FactSet (NYSE: FDS ) consensus estimate of 80 cents per share. On top of all that, Paychex’s FY2022 adjusted diluted earnings per share grew 24% to $3.77.