Paychex competitors and similar companiesClear all
Paychex's competitors and similar companies include ADP, Paycor, Xero, Paylocity Holding, Fiserv, BenefitMall, Paycom, Gusto, Alight Solutions, Civica and SkypeTime.
 Paychex Paychex is a company providing human capital management solutions for payroll, benefits, human resources, and insurance services. |  ADP Automatic Data Processing (ADP) is a global provider of cloud-based human capital management (HCM) and human resources outsourcing (HRO) solutions. |  Xero Xero is a company that develops cloud-based accounting software for small and medium-sized businesses. |  BenefitMall BenefitMall (formerly known as Centerstone Insurance and Financial Services) is a company that provides brokerage services. |  Paycom Paycom Software is a provider of a cloud-based human capital management software solution delivered as Software-as-a-Service (SaaS). |  Gusto Gusto (formerly known as ZenPayroll) is a company developing payroll, benefits, and time tracking solutions. |  Alight Solutions Alight Solutions is a cloud-based provider of integrated digital human capital, business, health, and payroll solutions. |  Civica Civica is a company that specializes in digital solutions, critical software applications, and outsourcing services. |  SkypeTime SkypeTime is a web application and a set of services for collecting and processing data of users connecting to corporate resources such as Skype for Business, Exchange, SharePoint, RDG, and other similar resources. | ||||
Founding Date | Founding Date 1971 | Founding Date 1949 | Founding Date 1990 | Founding Date 2006 | Founding Date 1997 | Founding Date 1984 | Founding Date 1979 | Founding Date 1998 | Founding Date 2011 | Founding Date 1994 | Founding Date 2001 | Founding Date N/A |
Type | Type Public | Type Public | Type Public | Type Public | Type Public | Type Public | Type Private | Type Public | Type Private | Type Subsidiary | Type Private | Type Subsidiary |
Tags | ||||||||||||
Locations | Locations Rochester, US HQ Hamburg, DE Albuquerque, US Allentown, US Appleton, US Auburn, US Auburn, US see more | Locations Roseland, US HQ Buenos Aires, AR Mascot, AU Mulgrave, AU Murarrie, AU Anastácio, BR Curitiba, BR see more | Locations Norwood, US HQ Atlanta, US Birmingham, US Chicago, US Clayton, US Columbus, US Frisco, US see more | Locations Wellington, NZ HQ Brisbane, AU Canberra, AU Hawthorn, AU Perth, AU Sydney, AU Toronto, CA see more | Locations Schaumburg, US HQ Lake Mary, US Louisville, US Meridian, US New York, US Oakland, US Rochester, US see more | Locations Brookfield, US HQ North Sydney, AU São Paulo, BR Bogotá, CO Windhof, LU Ciudad De México, MX Den Haag, NL see more | Locations Dallas, US HQ Atlanta, US Austin, US Cape Coral, US Conshohocken, US Denver, US Fort Lauderdale, US see more | Locations Oklahoma City, US HQ Atlanta, US Houston, US Lewisville, US Tampa, US Troy, US | Locations San Francisco, US HQ Denver, US New York, US | Locations Lincolnshire, US HQ Buenos Aires, AR Melbourne, AU North Sydney, AU Anderlecht, BE Sao Paulo, BR St. John's, CA see more | Locations London, GB HQ Melbourne, AU Winnipeg, CA Vadodara, IN Auckland, NZ Singapore, SG Altrincham, GB see more | Locations Limassol, CY HQ |
Employees | Employees 16,0007% increase | Employees 60,0007% increase | Employees 2,30018% increase | Employees 4,78431% increase | Employees 5,30028% increase | Employees 41,0007% decrease | Employees 1,078 | Employees 5,38528% increase | Employees 2,4332% decrease | Employees 12,1121% increase | Employees 3,3841% increase | Employees N/A |
Valuation ($) | Valuation ($) 39.2 b | Valuation ($) 88.7 b | Valuation ($) 4.2 b | Valuation ($) 18 b | Valuation ($) 10.1 b | Valuation ($) 71.5 b | Valuation ($) N/A | Valuation ($) 16.3 b | Valuation ($) 3.8 b | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A |
Twitter followers | Twitter followers 12.1 k | Twitter followers 49.2 k | Twitter followers 3.8 k | Twitter followers 80.1 k | Twitter followers 4.4 k | Twitter followers 24.5 k | Twitter followers 2 k | Twitter followers 36.2 k | Twitter followers 20 k | Twitter followers 6.8 k | Twitter followers 4.1 k | Twitter followers 5 |
Number of tweets (last 30 days) | Number of tweets (last 30 days) 129 | Number of tweets (last 30 days) 294 | Number of tweets (last 30 days) 35 | Number of tweets (last 30 days) 229 | Number of tweets (last 30 days) 58 | Number of tweets (last 30 days) 32 | Number of tweets (last 30 days) N/A | Number of tweets (last 30 days) 115 | Number of tweets (last 30 days) 110 | Number of tweets (last 30 days) 63 | Number of tweets (last 30 days) 38 | Number of tweets (last 30 days) N/A |
Average likes per tweet (last 30 days) | Average likes per tweet (last 30 days) 0.9 | Average likes per tweet (last 30 days) 1.9 | Average likes per tweet (last 30 days) 0.5 | Average likes per tweet (last 30 days) 2.7 | Average likes per tweet (last 30 days) 0.9 | Average likes per tweet (last 30 days) 3.1 | Average likes per tweet (last 30 days) N/A | Average likes per tweet (last 30 days) 1.9 | Average likes per tweet (last 30 days) 26.4 | Average likes per tweet (last 30 days) 0.6 | Average likes per tweet (last 30 days) 1.2 | Average likes per tweet (last 30 days) N/A |
Percentage of tweets with engagement (last 30 days) | Percentage of tweets with engagement (last 30 days) 55.81% | Percentage of tweets with engagement (last 30 days) 37.41% | Percentage of tweets with engagement (last 30 days) 42.86% | Percentage of tweets with engagement (last 30 days) 47.16% | Percentage of tweets with engagement (last 30 days) 50% | Percentage of tweets with engagement (last 30 days) 96.88% | Percentage of tweets with engagement (last 30 days) N/A | Percentage of tweets with engagement (last 30 days) 52.17% | Percentage of tweets with engagement (last 30 days) 50.91% | Percentage of tweets with engagement (last 30 days) 39.68% | Percentage of tweets with engagement (last 30 days) 60.53% | Percentage of tweets with engagement (last 30 days) N/A |
Employee Rating | Employee Rating 3.8 | Employee Rating 4 | Employee Rating 3.7 | Employee Rating 4.2 | Employee Rating 4 | Employee Rating 3.3 | Employee Rating 3.9 | Employee Rating 4.1 | Employee Rating 3.7 | Employee Rating 3.5 | Employee Rating 2.7 | Employee Rating N/A |
Financial | ||||||||||||
Revenue (est.) | Revenue (est.) $4.6b (FY, 2022) | Revenue (est.) $16.5b (FY, 2022) | Revenue (est.) $427m (FY, 2022) | Revenue (est.) $1.1b (FY, 2022) | Revenue (est.) $852.7m (FY, 2022) | Revenue (est.) $17.7b (FY, 2022) | Revenue (est.) N/A | Revenue (est.) $1.4b (FY, 2022) | Revenue (est.) N/A | Revenue (est.) N/A | Revenue (est.) £424.9m (FY, 2020) | Revenue (est.) N/A |
Cost of goods | Cost of goods $1.4b (FY, 2022) | Cost of goods $9.5b (FY, 2022) | Cost of goods $168.2m (FY, 2022) | Cost of goods N/A | Cost of goods $287m (FY, 2022) | Cost of goods N/A | Cost of goods N/A | Cost of goods $212.7m (FY, 2022) | Cost of goods N/A | Cost of goods N/A | Cost of goods £78.5m (FY, 2020) | Cost of goods N/A |
Gross profit | Gross profit $3.3b (FY, 2022) | Gross profit $7b (FY, 2022) | Gross profit $258.8m (FY, 2022) | Gross profit $1.1b (FY, 2022) | Gross profit $565.6m (FY, 2022) | Gross profit N/A | Gross profit N/A | Gross profit $1.2b (FY, 2022) | Gross profit N/A | Gross profit N/A | Gross profit £346.4m (FY, 2020) | Gross profit N/A |
Net income | Net income $1.4b (FY, 2022) | Net income $2.9b (FY, 2022) | Net income ($108m) (FY, 2022) | Net income ($9.1m) (FY, 2022) | Net income $90.8m (FY, 2022) | Net income $2.6b (FY, 2022) | Net income N/A | Net income $281.4m (FY, 2022) | Net income N/A | Net income N/A | Net income (£125.5m) (FY, 2020) | Net income N/A |
Operating ⚠ | ||||||||||||
Annual Revenue Retention Rate | Annual Revenue Retention Rate N/A | Annual Revenue Retention Rate N/A | Annual Revenue Retention Rate N/A | Annual Revenue Retention Rate N/A | Annual Revenue Retention Rate 0.9 (FY, 2022) | Annual Revenue Retention Rate N/A | Annual Revenue Retention Rate N/A | Annual Revenue Retention Rate 0.9 (FY, 2021) | Annual Revenue Retention Rate N/A | Annual Revenue Retention Rate N/A | Annual Revenue Retention Rate N/A | Annual Revenue Retention Rate N/A |
Average Client Funds Balances | Average Client Funds Balances $4.3b (Q3, 2022) | Average Client Funds Balances $29.4b (Q1, 2023) | Average Client Funds Balances N/A | Average Client Funds Balances N/A | Average Client Funds Balances N/A | Average Client Funds Balances N/A | Average Client Funds Balances N/A | Average Client Funds Balances N/A | Average Client Funds Balances N/A | Average Client Funds Balances N/A | Average Client Funds Balances N/A | Average Client Funds Balances N/A |
Customers | Customers N/A | Customers N/A | Customers 29.8 k (FY, 2022) | Customers N/A | Customers N/A | Customers N/A | Customers N/A | Customers 33.9 k (FY, 2021) | Customers 200 k (Dec, 2022) | Customers N/A | Customers N/A | Customers N/A |
Enterprise Customers | Enterprise Customers 710 k (FY, 2021) | Enterprise Customers 990 k (FY, 2022) | Enterprise Customers N/A | Enterprise Customers N/A | Enterprise Customers N/A | Enterprise Customers N/A | Enterprise Customers 140 k (Dec, 2022) | Enterprise Customers N/A | Enterprise Customers N/A | Enterprise Customers 3 k (FY, 2018) | Enterprise Customers N/A | Enterprise Customers N/A |
Transaction Volume | Transaction Volume N/A | Transaction Volume N/A | Transaction Volume N/A | Transaction Volume $4.2t (FY, 2021) | Transaction Volume $158b (FY, 2020) | Transaction Volume N/A | Transaction Volume N/A | Transaction Volume N/A | Transaction Volume N/A | Transaction Volume N/A | Transaction Volume N/A | Transaction Volume N/A |
Funding | ||||||||||||
Latest funding round | Latest funding round N/A | Latest funding round N/A | Latest funding round N/A | Latest funding round N/A | Latest funding round N/A | Latest funding round N/A | Latest funding round $ 40m (about 23 years ago) | Latest funding round N/A | Latest funding round $ 55m (10 months ago) | Latest funding round N/A | Latest funding round N/A | Latest funding round N/A |
Total funding raised | Total funding raised N/A | Total funding raised N/A | Total funding raised $ 270m | Total funding raised $ 681.4m | Total funding raised $ 10m | Total funding raised N/A | Total funding raised $ 40m | Total funding raised N/A | Total funding raised $ 746.1m | Total funding raised N/A | Total funding raised N/A | Total funding raised N/A |
For sources of this data, please see the company profile
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ADP
HQ
Roseland, US
Employees
60,000↑ 7% increase
Automatic Data Processing (ADP) is a global provider of cloud-based human capital management (HCM) and human resources outsourcing (HRO) solutions.
View company
Paycor
HQ
Norwood, US
Employees
2,300↑ 18% increase
Paycor HCM is a company that develops human capital management (HCM) software.
View companyXero
HQ
Wellington, NZ
Employees
4,784↑ 31% increase
Xero is a company that develops cloud-based accounting software for small and medium-sized businesses.
View company
Paylocity Holding
HQ
Schaumburg, US
Employees
5,300↑ 28% increase
Paylocity Holding is a company that provides IT and HR software solutions.
View company