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. As of May 31, 2009, the company served approximately 554,000 clients in the United States; and 1,600 clients in Germany. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.
Company Growth (employees)
Type
Public
HQ
Rochester, US
Founded
1971
Size (employees)
13,100 (est)-2%
Paychex was founded in 1971 and is headquartered in Rochester, US

Key People at Paychex

Martin Mucci

Martin Mucci

President and CEO
John M. Morphy

John M. Morphy

CFO
Mike Gioja

Mike Gioja

CIO/SVP - IT, Product Management & Development

Paychex Office Locations

Paychex has offices in Rochester, Lake Mary, Glenview, Newark and in 34 other locations
Rochester, US
Costa Mesa, US
Irving, US
Atlanta, US
Kennesaw, US
San Antonio, US
Reading, US
Fort Myers, US
San Diego, US
Franklin, US
San Ramon, US
Auburn, US
Denver, US
South Jordan, US
Mendota Heights, US
Naperville, US
Chicago, US
Chesterfield, GB
Chester, GB
Riverside, US

Paychex Metrics

Paychex Summary

Market capitalization

$22.2 b

Closing share price

$62.3
Paychex's current market capitalization is $22.2 b.

Paychex Financials

Paychex's revenue is $3 b in FY, 2016 which is a 7.7% increase from the previous period.
FY, 2014FY, 2015FY, 2016

Revenue

$2.5 b$2.7 b$3 b

Revenue growth, %

8.8%7.7%

Operating expense total

$1.5 b$1.7 b$1.8 b

EBIT

$982.7 m$1.1 b$1.1 b

Net Income

$627.5 m$674.9 m$756.8 m

Operating cash flow

$45.2 m$17.5 m($38.5 m)

Paychex Market Value History

Paychex Job Categories

Paychex Online Presence

Paychex Company Life

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