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, 2017)
    $3.2 B
    Market capitalization(2018-08-16)
    $25.8 B
    Enterprise Customers(FY, 2017)
    12 M
    Type
    Public
    HQ
    Rochester, US
    Founded
    1971
    Size (employees)
    13,700 (est)
    Website
    paychex.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 Worthington, Bend, Tallahassee, Seattle and in 127 other locations
    Rochester, US (HQ)
    911 Panorama Trail S.
    Albany, US
    101 94 New Karner Rd
    Albuquerque, US
    1551 Mercantile Ave NE
    Allentown, US
    302 1550 Pond Rd
    Appleton, US
    2 4650 W Spencer St
    Atlanta, US
    800 2970 Clairmont Rd
    Show all (152)
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    Paychex Financials and Metrics

    Paychex Revenue

    Embed Graph
    Paychex's revenue was reported to be $3.15 b in FY, 2017 which is a 6.8% increase from the previous period.
    USD

    Revenue (Q3, 2018)

    		866.5 m

    Gross profit (Q3, 2018)

    		595.8 m

    Gross profit margin (Q3, 2018), %

    		68.8%

    Net income (Q3, 2018)

    		260.4 m

    EBIT (Q3, 2018)

    		292.5 m

    Market capitalization (16-Aug-2018)

    		25.8 b

    Closing stock price (16-Aug-2018)

    		71.9
    Paychex's current market capitalization is $25.8 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		2.5 b2.7 b3 b3.2 b

    Revenue growth, %

    		9%8%7%

    Cost of goods sold

    		732.5 m808 m857.1 m919.6 m

    Gross profit

    		1.8 b1.9 b2.1 b2.2 b
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Revenue

    		666.8 m676.3 m704.3 m723 m722.4 m752.6 m785.5 m771.4 m795.8 m816.8 m826.5 m866.5 m

    Cost of goods sold

    		194.3 m199.1 m211 m205.7 m205.2 m225.9 m225.1 m226.3 m236.8 m232.1 m248.7 m270.7 m

    Gross profit

    		472.5 m477.2 m493.3 m517.3 m517.2 m526.7 m560.4 m545.1 m559 m584.7 m577.8 m595.8 m

    Gross profit Margin, %

    		71%71%70%72%72%70%71%71%70%72%70%69%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Cash

    		152.5 m170 m131.5 m184.6 m

    Accounts Receivable

    		36.3 m37.9 m36.1 m507.5 m

    Prepaid Expenses

    		46.7 m50.8 m58.8 m58.3 m

    Current Assets

    		5 b5.1 b4.9 b5.3 b
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Cash

    		462.6 m140.4 m265.3 m455.9 m412.3 m253.1 m130 m165 m189.9 m234.4 m257.2 m323.9 m

    Accounts Receivable

    		168.9 m205.6 m148.4 m206.6 m241.1 m353.4 m485.6 m528.9 m429.9 m538.6 m595.2 m550.5 m

    Prepaid Expenses

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

    Current Assets

    		487.2 m4.9 b6 b4.6 b4.6 b5.5 b4.5 b4.2 b5.8 b6 b6 b5 b
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

    Net Income

    		627.5 m674.9 m756.8 m817.3 m

    Depreciation and Amortization

    		105 m106.6 m115.1 m126.9 m

    Accounts Payable

    		45.1 m51.1 m63.3 m39.1 m

    Cash From Operating Activities

    		880.9 m895.2 m1 b960.4 m
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018

    Net Income

    		171.3 m344.3 m513.7 m209.1 m398.3 m578.7 m217.4 m419.5 m622 m444.8 m705.2 m

    Depreciation and Amortization

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

    Accounts Payable

    		40.4 m600 k28.2 m6.8 m(4.2 m)28.4 m60.9 m5.8 m37.5 m(34.3 m)80.9 m

    Cash From Operating Activities

    		263.1 m404.7 m692.8 m278.3 m419.9 m791.2 m294.7 m413.4 m769.3 m519.4 m988.9 m
    show all
    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, 2017

    Paying Customers

    		590 k605 k605 k605 k605 k

    Enterprise Customers

    		12 m10 m11 m12 m

    Facilities

    		3.03 m3.04 m2.94 m2.92 m

    Locations

    		100
    Show all operating metrics

    Paychex Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    HR Outsourcing August 21, 2017
    Advance Partners December 02, 2015
    nettime Solutions June 18, 2014
    myStaffingPro by HR Services June 12, 2013
    ExpenseWire December 01, 2012
    Icon Time Systems January 09, 2012
    ePlan Services May 03, 2011
    SurePayroll December 09, 2010
    Paychex Benefit Technologies September 12, 2007
    InterPay March 31, 2003$182 m
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    Paychex Revenue Breakdown

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    Paychex revenue breakdown by business segment: 41.9% from HRS, 56.5% from Payroll Service and 1.6% from Other

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    Competitors

    SAP SuccessFactors
    Human Resources & Recruiting - Subsidiary
    Payworks Payroll Services
    Human Resources & Recruiting - Private
    Rise
    Healthcare - Private
    iSolved HCM
    Technology - Private
    Intuit QuickBooks
    Financial Services - Subsidiary
    FIS
    Financial Services - Public
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    Paychex Online and Social Media Presence

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    Paychex News and Updates

    August 06, 2018

    Paychex Again Makes the Top 5 on Selling Power's "50 Best Companies to Sell For" List

    ROCHESTER, N.Y., Aug. 6, 2018 /PRNewswire/ -- For the sixth consecutive year, Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, human resources, retirement, and insurance services, has been recognized by Selling Power magazine on its 50 Best...
    August 01, 2018

    Paychex Again Recognized as Industry Leader in 401(k) Recordkeeping Services

    ROCHESTER, N.Y., Aug. 1, 2018 /PRNewswire/ -- For the eighth consecutive year, Paychex, Inc., one of the nation's leading providers in 401(k) recordkeeping services, has earned the distinction of being the retirement industry's leader in total number of defined contribution plans, serving ...
    July 31, 2018

    Paychex | IHS Markit Small Business Employment Watch: Jobs and Wage Growth Slow in July

    ROCHESTER, N.Y., July 31, 2018 /PRNewswire/ -- The Paychex | IHS Markit Small Business Employment Watch for July shows slight declines in the rates of small business jobs and wage growth. At 99.34 in July, the Small Business Jobs Index is down 0.63 percent year-over-year. Hourly earnings...
    July 25, 2018

    New Survey: Entrepreneurs Optimistic About Business Outlook, Ability to Find New Customers

    ROCHESTER, N.Y., July 25, 2018 /PRNewswire/ -- Data from the first Paychex Business Sentiment Report shows business owners have a generally positive business outlook, feel good about their ability to find new customers, and are relatively optimistic about the state of the U.S. economy....
    July 11, 2018

    You're Paying How Much For Paychex?

    June 28, 2018

    Paychex - Will It Be Negatively Impacted By U.S. Protectionism?

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    Paychex Company Life and Culture

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