Paychex Inc - Company Profile
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Paychex Inc (Paychex) provides human capital management solutions. The company provides a comprehensive suite of technology and advisory services in human resources, employee benefits, insurance, and payroll processing. Paychex's major products include cloud-based HCM platforms, payroll solutions, HR management, talent acquisition, and workforce management tools. It serves a diverse client base across various industries, offering scalable and customizable solutions to meet the needs of businesses of all sizes. 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. Paychex solutions are designed to cater to businesses of all sizes, from small businesses to midsize and enterprise-level organizations. Paychex is headquartered in Rochester, New York, the US.
Headquarters
United States of America
Address
911 Panorama Trail S, Rochester, New York, 14625-2396
Website
www.paychex.com
Telephone
1 585 3856666
No of Employees
19,000
Industry
Business and Consumer Services
Ticker Symbol & Exchange
PAYX (NASD)
Revenue (2024)
$5.6B
5.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-2%
(2024 vs 2023)
Market Cap*
$37.8B
Net Profit Margin (2024)
XYZ
-7.2%
(2024 vs 2023)
* As of and is in US$
Paychex Inc premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Compare Payroll Packages | The Power of Simplicity |
| Payroll | Paychex Flex |
| 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 |
|---|---|---|
| 2026 | New Products/Services | In May, the company introduced its new AI-powered intelligence solution Workforce Intelligence platform. |
| 2026 | New Products/Services | In February, the company launched new AI-driven advancements within its Paycor and Paychex Flex platforms. |
| 2026 | Contracts/Agreements | In January, the company partnered with PayPal to add PayPal Direct Deposit to Paychex Flex Perks. |
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 | Milwaukee | Roseland | Mountain View | Atlanta |
| State/Province | New York | Wisconsin | New Jersey | California | Georgia |
| No. of Employees | 19,000 | 38,000 | 67,000 | 18,200 | 26,000 |
| 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 | 2021 | 65 |
| John B. Gibson | President; Director; Chief Executive Officer | Executive Board | 2022 | 59 |
| Robert L. Schrader | Senior Vice President; Chief Financial Officer | Senior Management | 2023 | 53 |
| Bob Schrader | Chief Financial Officer | Senior Management | 2023 | - |
| Prabha Sipi Bhandari | Secretary; Chief Ethics Officer; Chief Legal Officer | Senior Management | 2024 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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