Paychex, Inc., together with its subsidiaries, provides payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses in the United States and Germany. 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; and collection and remittance of clients' payroll obligations.

The Company also provides payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. Its human resource outsourcing services include payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained human resource representative. In addition, the Company offers retirement services administration; workers' compensation insurance services; health and benefits services; time and attendance solutions; and other human resource services and products. It also operates a professional employer organization. 

Company Growth (employees)
Type
Public
HQ
Rochester, US
Founded
1971
Size (employees)
13,500 (est)+4%
Paychex was founded in 1971 and is headquartered in Rochester, US

Key People 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
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
Andrew Childs

Andrew Childs

Vice President, Marketing
Frank Fiorille

Frank Fiorille

Vice President, Risk, Compliance and Data Analytics
Thomas Hammond

Thomas Hammond

Vice President, Corporate Strategy and Product Management
Kevin Hill

Kevin Hill

Vice President, Insurance and Human Resource Services
Bryan Hodge

Bryan Hodge

Vice President, Service
Theodore Jordan

Theodore Jordan

Vice President, Operations
Neil Rohrer

Neil Rohrer

Vice President, Core Payroll Sales, Eastern U.S.
Stephanie Schaeffer

Stephanie Schaeffer

Vice President, Chief Legal Officer and Secretary
Terrence Sukalski

Terrence Sukalski

Vice President, Human Resource Services Sales
Jennifer Vossler

Jennifer Vossler

Vice President and Controller
Norman Whittemore

Norman Whittemore

Vice President, IT Enterprise Operations
Lisa Williams-Garcia

Lisa Williams-Garcia

Vice President, Core Payroll Sales, Western U.S.

Paychex Office Locations

Paychex has offices in Rochester, Lake Mary, Glenview, Newark and in 106 other locations
Rochester, US (HQ)
911 Panorama Trail S., Rochester, 14625
Brookfield, US
190 375 Bishops Way
Appleton, US
2 4650 W Spencer St
Madison, US
204 2801 Coho St
Houston, US
400 11777 Katy Fwy
Austin, US
310 3420 Executive Center Dr
San Antonio, US
200 12440 Network Blvd
Eugene, US
350 1200 Executive Pkwy
Beaverton, US
9650 Sw Nimbus Ave
Albuquerque, US
1551 Mercantile Ave Ne
Chesterfield, US
500 16305 Swingley Ridge Rd
Chicago, US
1020 230 W Monroe St
Rolling Meadows, US
1701 Golf Rd
Colorado Springs, US
C 4830 Rusina Rd
Denver, US
100 4300 Kittredge St
Nashville, US
150 22 Century Blvd
Memphis, US
105 3150 Lenox Park Blvd
Oklahoma City, US
175 6305 Waterford Blvd
Tulsa, US
100 9810 E 42nd St
Mount Arlington, US
202 400 Valley Rd
Piscataway Township, US
30 Knightsbridge Rd
Fair Lawn, US
350 17 17 Nj 208
Evesham Township, US
200 401 Nj 73
Piscataway Township, US
1a 1 Centennial Ave
Mendota Heights, US
100 1210 Northland Dr
Baton Rouge, US
C100 4334 S Sherwood Forest Blvd
Gretna, US
200 401 Whitney Ave
Atlanta, US
800 2970 Clairmont Rd
Kennesaw, US
100 600 Townpark Ln
San Bruno, US
350 1111 Bayhill Dr
San Ramon, US
12647 Alcosta Blvd
Oxnard, US
200 2901 N Ventura Rd
Watsonville, US
100 180 Westridge Dr
Los Angeles, US
185 21820 Burbank Blvd
Columbia, US
304 3710 Landmark Dr
Greenville, US
101 37 Villa Rd
Kent, US
400 20829 72nd Ave S
Dublin, US
450 5080 Tuttle Crossing Blvd
Middletown, US
200 3420 Atrium Blvd
Hudson, US
100 E Hines Hill Rd
Holland, US
102 7010 Spring Meadows Dr W
Portsmouth, US
3d 501 Islington St
Bedford, US
101 10 Corporate Dr
Novi, US
100 29065 Cabot Dr
Grand Rapids, US
100 625 Kenmoor Ave Se
Lexington, US
110 2525 Harrodsburg Rd
Louisville, US
107 9420 Bunsen Pkwy
Deerfield Beach, US
I 3155 Sw 10th St
Jacksonville, US
2100 12740 Gran Bay Pkwy
Lake Mary, US
301 1025 Greenwood Blvd
Sarasota, US
205 301 N Cattlemen Rd
Saint Petersburg, US
500 970 Lake Carillon Dr
Little Rock, US
100 12921 Cantrell Rd
Fairfax, US
200 3060 Williams Dr
Glen Allen, US
100 3960 Stillman Pkwy
Chesapeake, US
102 505 Independence Pkwy
East Providence, US
501 Wampanoag Trail
Charlotte, US
300 8701 Red Oak Blvd
Cary, US
180 15401 Weston Pkwy
Las Vegas, US
250 8235 S Eastern Ave
Reno, US
207 401 Ryland St
North Reading, US
100 100 Riverpark Dr
West Springfield, US
71 William Franks Dr
Foxborough, US
400 200 Foxborough Blvd
Quincy, US
100 400 Crown Colony Dr
Auburn, US
200 27 Midstate Dr
Leawood, US
400 5901 College Blvd
Newark, US
401 131 Continental Dr
Phoenix, US
140 16404 N Black Canyon Hwy
Tucson, US
620 5210 E Williams Cir
South Jordan, US
10961 S River Front Pkwy
Harrisburg, US
200 2405 Park Dr
Allentown, US
302 1550 Pond Rd
Norristown, US
1100 Adams Ave
Pittsburgh, US
500 5 Penn Center W
Albany, US
101 94 New Karner Rd
Vestal, US
107 4104 Old Vestal Rd
Fishkill, US
203 60 Merritt Blvd
Rochester, US
210 1565 Jefferson Rd
Getzville, US
110 33 Dodge Rd
New Hyde Park, US
K301 5 Dakota Dr
Hauppauge, US
300 102 Motor Pkwy
Liverpool, US
100 215 Greenfield Pkwy
Rochester, US
150 Sawgrass Dr
Omaha, US
100 2637 S 158th Plaza
Beltsville, US
350 11720 Beltsville Dr
Owings Mills, US
300 700 Red Brook Blvd
Indianapolis, US
300 8335 Keystone Crossing
Fort Wayne, US
260 6920 Pointe Inverness Way
South Bend, US
210 300 S St Louis Blvd
Rocky Hill, US
120 714 Brook St
Norwalk, US
1 800 Connecticut Ave
Birmingham, US
22 Inverness Center Pl

Paychex Data and Metrics

Paychex Financial Metrics

Paychex's revenue was reported to be $3 b in FY, 2016 which is a 8% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

3 b

Revenue growth (FY, 2015 - FY, 2016), %

8%

Net income (FY, 2016)

756.8 m

EBIT (FY, 2016)

1.1 b

Market capitalization (24-May-2017)

21 b

Closing share price (24-May-2017)

58.1

Cash (31-Dec-2016)

131.5 m

EV

20.8 b
Paychex's current market capitalization is $21 b.
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Revenue

2.5 b2.7 b3 b

Revenue growth, %

9%8%

General and administrative expense

803.7 m878 m948.2 m

Operating expense total

1.5 b1.7 b1.8 b

EBIT

982.7 m1.1 b1.1 b

EBIT margin, %

39%38%39%

Pre tax profit

988.1 m1.1 b1.2 b

Income tax expense

360.6 m385.1 m394.3 m

Net Income

627.5 m674.9 m756.8 m
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Cash

152.5 m170 m131.5 m

Accounts Receivable

36.3 m37.9 m36.1 m

Inventories

46.7 m50.8 m58.8 m

Current Assets

5 b5.1 b4.9 b

PP&E

342.2 m353.9 m353 m

Goodwill

540.3 m561.5 m657.1 m

Total Assets

6.4 b6.5 b6.4 b

Accounts Payable

48.8 m51.7 m56.7 m

Total Debt

Current Liabilities

4.4 b4.6 b4.4 b

Additional Paid-in Capital

794.4 m880.1 m952.7 m

Retained Earnings

957.5 m894.3 m926.2 m

Total Equity

1.8 b1.8 b1.9 b

Financial Leverage

3.6 x3.6 x3.4 x
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Net Income

627.5 m674.9 m756.8 m

Accounts Receivable

(18 m)(28 m)(38 m)

Inventories

22.5 m(8.5 m)(5 m)

Accounts Payable

45.1 m51.1 m63.3 m

Cash From Operating Activities

880.9 m895.2 m1 b

Purchases of PP&E

(84.1 m)(102.8 m)(97.7 m)

Cash From Investing Activities

(316.1 m)(285 m)(63.1 m)

Dividends Paid

(510.6 m)(551.8 m)(606.5 m)

Cash From Financing Activities

(519.6 m)(592.7 m)(993.6 m)
Numbers are in $, USDY, 2016

EV/EBIT

18.1 x

EV/CFO

20.5 x

Revenue/Employee

221.4 k

Financial Leverage

3.4 x

Paychex Operating Metrics

Paychex's Paying Customers was reported to be 605 k in FY, 2016
FY, 2014FY, 2015FY, 2016

Paying Customers

580 k590 k605 k

Paychex Market Value History

Paychex Revenue Breakdown

Paychex Job Categories

Paychex Median Salaries

Source: 47 public H-1B filings from Paychex

Paychex Online and Social Media Presence

Paychex Company Life and Culture

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