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Paychex

Paychex

Average Client Funds Balances

$4.3 B

Q3, 2022

Revenue

$4.6 B

FY, 2022

Market Capitalization

$42.3 B

2023-01-10

Paychex Summary

Company summary

Overview
Paychex is a human capital management (HCM) software and services company. It offers payroll processing services, including calculation, preparation, and delivery of employee payroll checks, production of internal accounting records and management reports, preparation of federal, state, and local payroll tax returns, etc.; payroll tax administration services providing preparation and filing of quarterly and year-end tax returns, as well as electronic transfer of funds to federal, state, and local tax or regulatory agencies; and employee payment services offering payroll account reconciliation for employers.
Type
Public
Status
Active
Founded
1971
HQ
Rochester, NY, US | view all locations
Website
https://www.paychex.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key people

  • John Gibson

    John Gibson, President and Chief Executive Officer

  • Efrain Rivera

    Efrain Rivera, Senior Vice President and Chief Financial Officer

  • Stephanie Schaeffer

    Stephanie Schaeffer, Vice President, Chief Legal and Ethics Officer, and Secretary

  • Karen McClendon

    Karen McClendon, Vice President and Chief Human Resources Officer

Operating MetricsView all

Enterprise Customers

710K
4.4%

FY, 2021

Retirement Services Plans

96K
5.5%

FY, 2021

Retirement Services Participants’ Funds

$42B
30.0%

FY, 2021

LocationsView all

38 locations detected

  • Rochester, NY HQ

    United States

    911 Panorama Trail S

  • Albuquerque, NM

    United States

    4500 Alexander Blvd NE

  • Allentown, PA

    United States

    1550 Pond Rd #302

  • Appleton, WI

    United States

    4650 W Spencer St

  • Auburn, ME

    United States

    126 Merrow Rd

  • Auburn, MA

    United States

    Midstate Office Park, 27B Midstate Dr Suite 104

and 32 others

Paychex Financials

Summary financials

Revenue (Q2, 2023)
$1.2B
Gross profit (Q2, 2023)
$831.0M
Net income (Q2, 2023)
$360.3M
Cash (Q2, 2023)
$1.1B
EBIT (Q2, 2023)
$472.3M
Enterprise value
$42.1B

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