PAYX in the third quarter of FY25 has reported the adjusted earnings per share of $1.49, beating the analysts' estimates for the adjusted earnings per share of $1.48. The company had reported the adjusted revenue growth of 5 percent to $1.51 billion in the third quarter of FY25, which matches the analysts' estimates for revenue of $1.51 billion. Excluding the impact of the discontinued Employee Retention Tax Credit ("ERTC") program, revenue growth was 6%, driven by the strength of the industry-leading HCM solutions. The adjusted operating income grew 9% to $708.5 million. Adjusted operating margin was 46.9% for the third quarter compared to 45.1% for the prior year period. Operating income and adjusted operating income were impacted by the expiration of the ERTC program.