OverviewSuggest Edit

Paychex is a company providing human capital management solutions for payroll, benefits, human resources, and insurance services. It 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. The company also delivers payroll tax administration, employee payment, and regulatory compliance services, such as new-hire reporting and garnishment processing.

HQRochester, US
Employee Ratings3.9
Culture scoreC+

Latest Updates

Employees (est.) (Nov 2019)15,700
Job Openings88
Revenue (FY, 2019)$3.8 B(+12%)
Share Price (May 2020)$67.6

Key People/Management at Paychex

Martin Mucci

Martin Mucci

President and Chief Executive Officer
Efrain Rivera

Efrain Rivera

Senior Vice President, Chief Financial Officer, and Treasurer
Mark Bottini

Mark Bottini

Senior Vice President, Sales
John Gibson

John Gibson

Senior Vice President, Service
Mike Gioja

Mike Gioja

Senior Vice President, IT and Product Development
Neal Collins

Neal Collins

Vice President, Corporate Development and Managing Director, Mergers and Acquisitions
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Paychex Office Locations

Paychex has offices in Rochester, Albany, Albuquerque, Allentown and in 105 other locations
Rochester, US (HQ)
911 Panorama Trail S
Albany, US
94 New Karner Rd #101
Albuquerque, US
1551 Mercantile Ave NE
Albuquerque, US
4500 Alexander Blvd NE #100
Allentown, US
1550 Pond Rd #302
Appleton, US
4650 W Spencer St #2
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Paychex Financials and Metrics

Paychex Revenue

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Paychex's revenue was reported to be $3.77 b in FY, 2019 which is a 11.6% increase from the previous period.

Revenue (Q3, 2020)


Net income (Q3, 2020)


EBIT (Q3, 2020)


Market capitalization (22-May-2020)


Closing stock price (22-May-2020)


Cash (29-Feb-2020)



Paychex's current market capitalization is $24.2 b.
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USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020



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USDFY, 2017FY, 2018FY, 2019



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USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020



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USDFY, 2017FY, 2018FY, 2019

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USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

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Cash From Operating Activities

USDY, 2020


51 x


22.8 x

Financial Leverage

3.4 x
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Paychex Operating Metrics

Paychex's Enterprise Customers was reported to be 670 k in FY, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Enterprise Customers

605 k605 k650 k670 k

Average Client Funds Balances

$4.11 b$3.79 b$3.66 b$4.50 b$4.07 b$3.79 b$3.66 b$4.55 b$4.04 b$3.69 b$3.66 b$4.38 b$3.97 b$3.74 b$3.73 b

Enterprise Customers (Paychex HR Services)

35 k37 k41 k37 k

Worksite Employees Served (Paychex HR Services)

944 k1.02 m1.16 m1.09 m
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Paychex Acquisitions / Subsidiaries

Company NameDateDeal Size
Oasis OutsourcingNovember 26, 2018$1.20 b
Lessor GroupMarch 01, 2018
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
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Paychex Revenue Breakdown

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Paychex revenue breakdown by business segment: 76.3% from Management Solutions, 21.6% from PEO and Insurance Services and 2.1% from Other

Paychex Online and Social Media Presence

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Paychex Company Culture

  • Overall Culture



  • CEO Rating



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  • Diversity



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Paychex News and Updates

Paychex sees 'early signs' of stabilization in its business

Paychex Inc. said in a Tuesday release that it is seeing "early signs of moderation and stabilization" in its key business metrics despite the "severe" effects of COVID-19 on the U.S. economy. "We believe our strong balance sheet and operational flexibility will allow us to successfully manage thro…

Can Paychex Stock Drop To $44?

Despite a 25% decline in Paychex stock since the beginning of this year, as the spread of the novel Coronavirus rattled the stock markets and the broader economy, at the current price of $63 per share, we believe Paychex has a significant downside if there are no signs of abatement of the crisis...

Will Paychex Underperform The S&P Post The COVID-19 Crisis?

Comparing the trend in Paychex’s (NASDAQ: PAYX) stock over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock could potentially recover to a little below pre-crisis levels, once fears surrounding the coronavirus outbreak subside...

Paychex tops profit expectations while revenue matches; stock gains ground

Shares of Paychex Inc. rose 0.7% in premarket trading Wednesday, after the human resources services company reported a fiscal third-quarter profit that topped expectations, but revenue that matched and provided a downbeat full-year growth outlook. The company said the impact of the COVID-19 virus o…

Paychex Helps Businesses Navigate Families First Coronavirus Response Act

ROCHESTER, N.Y., March 20, 2020 /PRNewswire/ -- On March 18, Congress passed and the President signed into law the Families First Coronavirus Response Act to address the impact of the coronavirus (COVID-19) pandemic. Paychex, Inc., a leading provider of HR, payroll, benefits, and...

Small-business hiring grew in February, but earnings growth slowed, says Paychex

The pace of small-business job growth accelerated for the third month in a row in February, according to payroll giant Paychex, but the rate of hourly earnings growth slipped.
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Paychex Blogs

#WorkTrends: Outsourcing HR: Why and How

#WorkTrends: Outsourcing HR: Why and How edeperrior Tue, 05/12/2020 - 17:15 https://talentculture.com/worktrends-outsourcing-hr-why-and-how/?utm_source=rss&utm_medium=rss&utm_campaign=worktrends-outsourcing-hr-why-and-how Emily DePerrior Fri…

This CEO of a $25 billion market cap payroll services giant keeps it real on the post coronavirus US economy

This CEO of a $25 billion market cap payroll services giant keeps it real on the post coronavirus US economy edeperrior Tue, 05/12/2020 - 17:15 https://finance.yahoo.com/news/this-ceo-of-a-25-billion-market-cap-payroll-services-giant-keeps-it-real-on-the-post-coronavirus-us-economy-170214826.html…

How to fix the failed small business loan program

How to fix the failed small business loan program edeperrior Tue, 05/12/2020 - 17:13 https://www.businessinsider.com/how-congress-can-fix-coronavirus-ppp-small-business-loan-program-2020-4 Emily DePerrior Sat, 04/25/2020 - 12:00 B…

#TradeTalks: How Paychex is Helping Businesses Navigate #COVID19?

#TradeTalks: How Paychex is Helping Businesses Navigate #COVID19? edeperrior Tue, 05/12/2020 - 17:12 https://www.nasdaq.com/videos/tradetalks%3A-how-paychex-is-helping-businesses-navigate-covid19 Emily DePerrior Thu, 04/23/2020 - 12:00 …

March 1 2020 Data

March 1 2020 Data wgavett Tue, 03/31/2020 - 08:30 Data File SBEW_Import_0.json As of Date Sun, 03/01/2020 - 12:00

66% of Organizations Feel Prepared to Respond to the Coronavirus, Reports Paychex

66% of Organizations Feel Prepared to Respond to the Coronavirus, Reports Paychex edeperrior Mon, 03/09/2020 - 13:03 https://www.hrtechnologist.com/news/workplace-wellness/66-of-organizations-feel-prepared-to-respond-to-the-coronavirus-reports-paychex/ Emily DePerrior…
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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, Efrain Rivera and Mark Bottini.

  • How many employees does Paychex have?

    Paychex has 15,700 employees.

  • What is Paychex revenue?

    Latest Paychex annual revenue is $3.8 b.

  • What is Paychex revenue per employee?

    Latest Paychex revenue per employee is $240.3 k.

  • Who are Paychex competitors?

    Competitors of Paychex include ADP, Paycor 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, Albany, Albuquerque, Allentown and in 105 other locations.

  • How many offices does Paychex have?

    Paychex has 113 offices.