Paychex
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Paychex

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    • Human Resources & RecruitingTechnologyaccountingenterprise softwarehrtechhuman capital
    Paychex provides payroll, human resource and benefits outsourcing solutions for small and medium-sized businesses. The Company offers payroll processing services, which include 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, as well as collection and remittance of clients' payroll obligations. Paychex also provides payroll tax administration services, employee payment services and regulatory compliance services, such as new-hire reporting and garnishment processing.
    Revenue(FY, 2018)
    $3.4 B
    Market capitalization(2018-12-12)
    $24.5 B
    Enterprise Customers(FY, 2017)
    12 M

    Employee Rating

    3.9More
    TypePublic
    HQRochester, US
    Founded1971
    Size (employees)14,500 (est)+6%
    Websitepaychex.com
    Paychex was founded in 1971 and is headquartered in Rochester, US
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    Key People/Management at Paychex

    Martin Mucci

    Martin Mucci

    President and CEO
    Mike Gioja

    Mike Gioja

    Senior Vice President, Information Technology and Product Development
    Laurie Maffett

    Laurie Maffett

    Vice President, Enterprise and Multi-Product Services
    Stephanie Schaeffer

    Stephanie Schaeffer

    Vice President and Chief Legal Officer
    Mark Bottini

    Mark Bottini

    Senior Vice President, Sales
    John Gibson

    John Gibson

    Senior Vice President, Service
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    Paychex Office Locations

    Paychex has offices in Rochester, SF, Brookfield, Appleton and in 127 other locations
    Rochester, (HQ)
    911 Panorama Trail S.
    Albany,
    101 94 New Karner Rd
    Albuquerque,
    1551 Mercantile Ave NE
    Allentown,
    302 1550 Pond Rd
    Appleton,
    2 4650 W Spencer St
    Atlanta,
    800 2970 Clairmont Rd
    Show all (152)
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    Paychex Financials and Metrics

    Paychex Revenue

    Paychex's revenue was reported to be $3.38 b in FY, 2018 which is a 7.3% increase from the previous period.
    USD

    Revenue (Q1, 2019)

    		845.7m

    Net income (Q1, 2019)

    		243.6m

    EBIT (Q1, 2019)

    		320.3m

    Market capitalization (12-Dec-2018)

    		24.5b

    Closing stock price (12-Dec-2018)

    		68.1

    Cash (31-Aug-2018)

    		440.1m

    EV

    		24.1b
    Paychex's current market capitalization is $24.5 b.
    Annual
    USDFY, 2014FY, 2016FY, 2017FY, 2018

    Revenue

    		2.5b3.0b3.2b3.4b

    Revenue growth, %

    		8%7%7%

    Cost of goods sold

    		732.5m857.1m919.6m

    Gross profit

    		1.8b2.1b2.2b
    Quarterly
    USDQ2, 2015Q3, 2015Q1, 2016Q3, 2017Q2, 2018Q1, 2019

    Revenue

    		676.3m704.3m723.0m795.8m845.7m

    Cost of goods sold

    		199.1m211.0m236.8m

    Gross profit

    		477.2m493.3m559.0m

    Gross profit Margin, %

    		71%70%70%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Cash

    		170.0m131.5m358.2m

    Accounts Receivable

    		36.1m531.4m

    Prepaid Expenses

    		46.7m50.8m58.8m58.3m75.8m

    Current Assets

    		4.9b5.3b1.1b
    Quarterly
    USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

    Cash

    		213.0m140.4m265.3m412.3m130.0m165.0m323.9m440.1m

    Accounts Receivable

    		205.6m148.4m241.1m32.0m32.0m550.5m535.2m

    Prepaid Expenses

    		47.4m48.8m54.0m63.4m62.7m64.4m62.7m65.1m68.0m81.6m73.4m77.9m225.1m

    Current Assets

    		4.9b4.9b6.0b4.6b4.5b6.0b5.0b5.1b
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Net Income

    		627.5m756.8m817.3m933.7m

    Depreciation and Amortization

    		105.0m106.6m115.1m126.9m138.0m

    Accounts Payable

    		45.1m63.3m39.1m42.6m

    Cash From Operating Activities

    		880.9m1.0b960.4m1.3b
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

    Net Income

    		171.3m344.3m513.7m209.1m398.3m217.4m622.0m444.8m243.6m

    Depreciation and Amortization

    		26.5m52.5m79.1m27.0m54.7m85.1m29.7m59.7m90.7m32.0m65.7m102.3m35.9m

    Accounts Payable

    		40.4m600.0k28.2m6.8m(4.2m)60.9m(34.3m)(15.2m)

    Cash From Operating Activities

    		263.1m404.7m692.8m278.3m419.9m294.7m519.4m273.7m
    show all
    USDY, 2018

    EV/EBIT

    		75.2 x

    EV/CFO

    		88 x

    Financial Leverage

    		3 x
    Show all financial metrics

    Paychex Operating Metrics

    Paychex's Enterprise Customers was reported to be 12 m in FY, 2017.
    FY, 2014FY, 2015FY, 2016May, 2017FY, 2017FY, 2018

    Paying Customers

    		590 k605 k605 k605 k605 k650 k

    Enterprise Customers

    		12 m10 m11 m12 m

    Facilities

    		3.03 m3.04 m2.94 m2.92 m3.19 m

    Locations

    		100
    Show all operating metrics

    Paychex Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    HR OutsourcingAugust 21, 2017
    Advance PartnersDecember 02, 2015
    nettime SolutionsJune 18, 2014
    myStaffingPro by HR ServicesJune 12, 2013
    ExpenseWireDecember 01, 2012
    Icon Time SystemsJanuary 09, 2012
    ePlan ServicesMay 03, 2011
    SurePayrollDecember 09, 2010
    Paychex Benefit TechnologiesSeptember 12, 2007
    InterPayMarch 31, 2003$182 m
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    Paychex Revenue Breakdown

    Embed Graph

    Paychex revenue breakdown by business segment: 53.5% from Payroll Service, 44.6% from HRS and 1.9% from Other

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    Competitors

    Celergo
    Technology - Private
    Fiserv
    Financial Services - Public
    Booz Allen Hamilton
    Business Products & Services - Public
    Gusto
    Financial Services - Private
    Paycor
    Human Resources & Recruiting - Private
    Paylocity
    Human Resources & Recruiting - Public
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    Paychex Online and Social Media Presence

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    Paychex News and Updates

    December 08, 2018

    Payroll Management Software Market 2018 will touch a new level in upcoming year| Paychex Payroll, Intuit Payroll, Paylocity, SurePayroll, SmartHR, Ultimate Software, Justworks

    Payroll Management Software Market Report aims to define, describe, and forecast on the basis of Market size, share, types, overview, top key vendors. This research report provides analysis and information according to market segments such as geography, technology and application. Posted via Industr…
    November 26, 2018

    Paychex to buy Oasis Outsourcing for $1.2 billion

    Payroll company Paychex Inc. on Monday announced that it plans to purchase Oasis Outsourcing Acquisition Corp. for $1.2 billion. Oasis is the largest privately held professional employer organization (PEO) in the U.S., according to Paychex's release, and provides human-resources-outsourcing service…
    November 08, 2018

    Business Insurance Magazine Recognizes Paychex as a Best Place to Work in Insurance for Fourth Year in a Row

    ROCHESTER, N.Y. , Nov. 8, 2018 /PRNewswire/ -- Paychex Insurance Agency, Inc., a wholly owned subsidiary of Paychex, Inc., has been named to Business Insurance magazine's list of the Best Places to Work in Insurance for the fourth consecutive year. The agency ranked 12th on the list of...
    November 02, 2018

    HR Software 2018 Global Market Key Players – Automatic Data Processing, Ceridian HCM, Corehr , Employwise, International Business Machines, Oracle, Paychex, Paycom Software.......

    HR Software – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday
    October 24, 2018

    New Paychex Data Reveals Economic Growth, Taxes, and Healthcare Among Top Voting Issues for Business Owners in 2018 Midterm Election

    ROCHESTER, N.Y., Oct. 24, 2018 /PRNewswire/ -- There are countless factors influencing American voters as they head to the polls this election season. Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance...
    September 26, 2018

    NAPEO Membership Elects Frank Fiorille of Paychex to NAPEO Board of Directors

    ALEXANDRIA, Va., Sept. 26, 2018 /PRNewswire/ -- The National Association of Professional Employer Organizations (NAPEO) announced today that NAPEO's member companies have elected Frank Fiorille, Vice President of Risk, Compliance and Data Analytics for Paychex Business Solutions, to the...
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    Paychex Blogs

    December 07, 2018

    Paychex Sees Increase in Wage Growth, Slowdown in Job Growth in November

    Paychex Sees Increase in Wage Growth, Slowdown in Job Growth in November mdiluglio Fri, 12/07/2018 - 14:43 https://www.accountingtoday.com/news/paychex-sees-increase-in-wage-growth-but-slowdown-in-job-growth-in-november Michael DiLuglio Wed, 12/05/2…
    December 07, 2018

    Paychex Boosts PEO Business With Oasis Buy

    Paychex Boosts PEO Business With Oasis Buy mdiluglio Fri, 12/07/2018 - 11:41 http://ww2.cfo.com/ma/2018/11/paychex-boosts-peo-business-with-oasis-buy/ Michael DiLuglio Tue, 11/27/2018 - 12:00 CFO.com
    December 07, 2018

    Checking in with Paychex: More than Two Years After Expansion Announcement, Did Company Deliver in South Whitehall?

    Checking in with Paychex: More than Two Years After Expansion Announcement, Did Company Deliver in South Whitehall? mdiluglio Fri, 12/07/2018 - 11:38 http://www.mcall.com/business/mc-biz-paychex-growing-lehigh-valley-oasis-acquisition-20181128-story.html Michael DiLug…
    December 07, 2018

    Paychex to Buy Human-Resources Firm Oasis for $1.2 Billion

    Paychex to Buy Human-Resources Firm Oasis for $1.2 Billion mdiluglio Fri, 12/07/2018 - 11:37 https://www.wsj.com/articles/paychex-to-buy-human-resources-firm-oasis-for-1-2-billion-1543244838 Michael DiLuglio Mon, 11/26/2018 - 12:00 …
    November 16, 2018

    What’s Next for Online Sales Tax and How to Prepare your Small Business Clients

    What’s Next for Online Sales Tax and How to Prepare your Small Business Clients mdiluglio Fri, 11/16/2018 - 12:34 https://www.cpapracticeadvisor.com/news/12436409/whats-next-for-online-sales-tax-and-how-to-prepare-your-small-business-clients Michael DiLuglio …
    November 12, 2018

    What Matters to Small Business Owners After the Midterm Elections?

    What Matters to Small Business Owners After the Midterm Elections? tvolkmann Mon, 11/12/2018 - 10:42 https://www.businessnewsdaily.com/11130-small-business-midterm-election-concerns.html Michael DiLuglio Thu, 11/08/2018 - 12:00 Bu…
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    Paychex Company Life and Culture

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     Paychex Frequently Asked Questions

    • When was Paychex founded?

      Paychex was founded in 1971.

    • Who are Paychex key executives?

      Paychex's key executives are Martin Mucci, Mike Gioja and Laurie Maffett.

    • How many employees does Paychex have?

      Paychex has 14,500 employees.

    • What is Paychex revenue?

      Latest Paychex annual revenue is $3.4 b.

    • What is Paychex revenue per employee?

      Latest Paychex revenue per employee is $233.2 k.

    • Who are Paychex competitors?

      Competitors of Paychex include Celergo, Fiserv and Booz Allen Hamilton.

    • Where is Paychex headquarters?

      Paychex headquarters is located at 911 Panorama Trail S., Rochester.

    • Where are Paychex offices?

      Paychex has offices in Rochester, SF, Brookfield, Appleton and in 127 other locations.

    • How many offices does Paychex have?

      Paychex has 152 offices.