Paychex Inc - Company Profile
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Paychex Inc (Paychex) is a HR solutions company which provides integrated human capital management solutions for payroll, human resource (HR) and retirement. It also offers insurance services for small to medium-sized businesses. The company’s payroll and HR products and services include payroll processing, payroll tax administration, regulatory compliance services, retirement services administration, employee payment services, accounting and financial services, HR administration, other HR services and products, insurance, and a fully outsourced HR solution. The company's novel software-as-a-service (SaaS) technology and mobility platform enable small and medium sized business owners to focus on the development and management of their businesses. Paychex is headquartered in Rochester, New York, the US.
Headquarters
United States of America
Address
911 Panorama Trail S, Rochester, New York, 14625-0397
Website
www.paychex.com
Telephone
1 585 3856666
No of Employees
16,600
Industry
Business and Consumer Services
Ticker Symbol & Exchange
PAYX (NASD)
Revenue (2023)
$5.0B
EPS
XYZ
Market Cap*
$43.6B
Net Profit Margin (2023)
XYZ
3.0%
* As of and is in US$
Paychex Inc premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Compare Payroll Packages | Paychex Flex |
| Payroll | Simplicity |
| Switch Payroll | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In July, the company acquired Alterna Capital Solutions, LLC from Alterna Equity Partners. |
| 2023 | Plans/Strategy | In March, the company's Paychex Charitable Foundation announced its plans to provide US$1 million grant to Mental Health America. |
| 2022 | New Products/Services | In September, the company introduced Paychex Voice Assist, a new voice feature for its Paychex Flex SaaS solution. |
Competitor Comparison
| Key Parameters | Paychex Inc | Fiserv Inc | Automatic Data Processing Inc | Intuit Inc | Global Payments Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Rochester | Brookfield | Roseland | Mountain View | Atlanta |
| State/Province | New York | Wisconsin | New Jersey | California | Georgia |
| No. of Employees | 16,600 | 42,000 | 63,000 | 18,200 | 27,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Martin Mucci | Chairman | Executive Board | - | 63 |
| John B. Gibson | Chief Executive Officer; Director; President | Executive Board | 2022 | 57 |
| Robert L. Schrader | Chief Financial Officer; Senior Vice President | Senior Management | 2023 | 51 |
| Stephanie L. Schaeffer | Chief - Ethics Officer; Vice President; Chief Legal Officer; Corporate Secretary | Senior Management | 2019 | 53 |
| Karen E. Saunders McClendon? | Chief Human Resources Officer; Vice President | Senior Management | 2021 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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