Paychex Competitors and Similar CompaniesClear all

Paychex's competitors and similar companies include Fiserv, SkypeTime, Civica, Alight, Xero, ADP, BenefitMall, Paycom Software, Paylocity, Paycor and Gusto.
Paychex
Paychex
Paychex is a company that provides human capital management (HCM) solutions.
Fiserv
Fiserv
Fiserv is a company that provides payment and financial services technology solutions.
SkypeTime
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.
Civica
Civica
Civica UK is a company that provides IT-based digital solutions.
Alight
Alight
Alight is a cloud-based provider of integrated digital human capital, business, health, and payroll solutions.
Xero
Xero
Xero is a company that develops cloud-based accounting software for businesses.
ADP
ADP
Automatic Data Processing (ADP) is a global provider of cloud-based human capital management (HCM) and human resources outsourcing solutions.
BenefitMall
BenefitMall
BenefitMall (formerly known as Centerstone Insurance and Financial Services) is a company that provides brokerage services.
Paycom Software
Paycom Software
Paycom Software is a company that develops payroll and HR management software.
Paylocity
Paylocity
Paylocity is a technology company that specializes in cloud-based human capital and payroll management.
Paycor
Paycor
Paycor is a company that develops human capital management (HCM) software.
Gusto
Gusto
Gusto (formerly known as ZenPayroll) is a company that provides cloud-based payroll, employee benefits, and HR management software.
Founding Date
Founding Date
1971
Founding Date
1984
Founding Date
N/A
Founding Date
2001
Founding Date
2017
Founding Date
2006
Founding Date
1949
Founding Date
1979
Founding Date
1998
Founding Date
1997
Founding Date
1990
Founding Date
2012
Type
Type
Public
Type
Public
Type
Subsidiary
Type
Subsidiary
Type
Public
Type
Public
Type
Public
Type
Private
Type
Public
Type
Public
Type
Public
Type
Private
Tags
Locations
Locations
Rochester, US HQ
Lillerød, DK
Vejle, DK
Berlin, DE
Dresden, DE
Hamburg, DE
Rostock, DE
see more
Locations
Milwaukee, US HQ
Sydney, AU
Mississauga, CA
Oakville, CA
Bogotá, CO
Hong Kong, HK
Bengaluru, IN
see more
Locations
Limassol, CY HQ
Locations
London, GB HQ
Geelong, AU
Melbourne, AU
Winnipeg, CA
Indore, IN
Vadodara, IN
Auckland, NZ
see more
Locations
Chicago, US HQ
Buenos Aires, AR
Melbourne, AU
Sydney, AU
Brussels, BE
Sao Paulo, BR
Montreal, CA
see more
Locations
Wellington, NZ HQ
Brisbane City, AU
Canberra, AU
Melbourne, AU
Perth, AU
Sydney, AU
Toronto, CA
see more
Locations
Roseland, US HQ
Buenos Aires, AR
Fortitude Valley, AU
Mascot, AU
Mulgrave, AU
Anastácio, BR
Porto Alegre, BR
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
Arlington, US
Atlanta, US
Atlanta, US
Austin, US
Baltimore, US
Boston, US
see more
Locations
Chicago, US HQ
Lake Mary, US
Louisville, US
Meridian, US
New York, US
Oakland, US
Rochester, US
see more
Locations
Cincinnati, US HQ
Fort Collins, US
Jacksonville, US
Lenexa, US
Akron, US
Atlanta, US
Austin, US
see more
Locations
San Francisco, US HQ
Denver, US
New York, US
Employees
Employees
16,5001% decrease
Employees
42,0002% increase
Employees
N/A
Employees
3,222
Employees
18,000
Employees
4,322
Employees
64,0002% increase
Employees
1,1381% increase
Employees
7,30815% increase
Employees
6,10015% increase
Employees
2,80022% increase
Employees
3,3002% increase
Valuation ($)
Valuation ($)
46.9 b
Valuation ($)
70.5 b
Valuation ($)
N/A
Valuation ($)
N/A
Valuation ($)
4 b
Valuation ($)
15.2 b
Valuation ($)
110.7 b
Valuation ($)
N/A
Valuation ($)
9.6 b
Valuation ($)
9.8 b
Valuation ($)
2.6 b
Valuation ($)
3.8 b

Financial

Revenue (est.)
Revenue (est.)
$5.3b (FY, 2024)
Revenue (est.)
$19.1b (FY, 2023)
Revenue (est.)
N/A
Revenue (est.)
£313.1m (FY, 2022)
Revenue (est.)
$3.4b (FY, 2023)
Revenue (est.)
$1.7b (FY, 2024)
Revenue (est.)
$19.2b (FY, 2024)
Revenue (est.)
N/A
Revenue (est.)
$1.7b (FY, 2023)
Revenue (est.)
$1.4b (FY, 2024)
Revenue (est.)
$654.9m (FY, 2024)
Revenue (est.)
$500m (FY, 2023)
Cost of goods
Cost of goods
$1.5b (FY, 2024)
Cost of goods
$7.7b (FY, 2023)
Cost of goods
N/A
Cost of goods
£131.1m (FY, 2022)
Cost of goods
$2.3b (FY, 2023)
Cost of goods
N/A
Cost of goods
$10.5b (FY, 2024)
Cost of goods
N/A
Cost of goods
$276.3m (FY, 2023)
Cost of goods
$441.7m (FY, 2024)
Cost of goods
$223.2m (FY, 2024)
Cost of goods
N/A
Gross profit
Gross profit
$3.8b (FY, 2024)
Gross profit
$11.4b (FY, 2023)
Gross profit
N/A
Gross profit
£182m (FY, 2022)
Gross profit
$1.1b (FY, 2023)
Gross profit
$1.7b (FY, 2024)
Gross profit
$8.7b (FY, 2024)
Gross profit
N/A
Gross profit
$1.4b (FY, 2023)
Gross profit
$960.8m (FY, 2024)
Gross profit
$431.7m (FY, 2024)
Gross profit
N/A
Net income
Net income
$1.7b (FY, 2024)
Net income
$3.1b (FY, 2023)
Net income
N/A
Net income
£15.4m (FY, 2022)
Net income
($362m) (FY, 2023)
Net income
$174.6m (FY, 2024)
Net income
$3.8b (FY, 2024)
Net income
N/A
Net income
$340.8m (FY, 2023)
Net income
$206.8m (FY, 2024)
Net income
($58.9m) (FY, 2024)
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
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
0.9 (FY, 2023)
Annual Revenue Retention Rate
N/A
Annual Revenue Retention Rate
N/A
Average Client Funds Balances
Average Client Funds Balances
$5.4b (Q2, 2024)
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
$41.7b (Q3, 2024)
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
N/A
Customers
N/A
Customers
N/A
Customers
N/A
Customers
N/A
Customers
N/A
Customers
36.6 k (FY, 2022)
Customers
N/A
Customers
30.8 k (Q1, 2024)
Customers
N/A
Enterprise Customers
Enterprise Customers
740 k (FY, 2023)
Enterprise Customers
N/A
Enterprise Customers
N/A
Enterprise Customers
N/A
Enterprise Customers
N/A
Enterprise Customers
N/A
Enterprise Customers
1 m (FY, 2023)
Enterprise Customers
140 k (Dec, 2022)
Enterprise Customers
N/A
Enterprise Customers
36.2 k (FY, 2023)
Enterprise Customers
N/A
Enterprise Customers
300 k (Feb, 2024)
Product Categories
Product Categories
N/A
Product Categories
3 (FY, 2023)
Product Categories
N/A
Product Categories
N/A
Product Categories
N/A
Product Categories
N/A
Product Categories
N/A
Product Categories
N/A
Product Categories
N/A
Product Categories
N/A
Product Categories
N/A
Product Categories
3 (Feb, 2024)
Trademarks (US)
Trademarks (US)
N/A
Trademarks (US)
N/A
Trademarks (US)
N/A
Trademarks (US)
N/A
Trademarks (US)
N/A
Trademarks (US)
N/A
Trademarks (US)
N/A
Trademarks (US)
10 (Dec, 2022)
Trademarks (US)
N/A
Trademarks (US)
N/A
Trademarks (US)
N/A
Trademarks (US)
15 (Feb, 2024)

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
N/A
Latest funding round
$ 40m (about 25 years ago)
Latest funding round
N/A
Latest funding round
N/A
Latest funding round
N/A
Latest funding round
$ 55m (over 2 years ago)
Total funding raised
Total funding raised
N/A
Total funding raised
N/A
Total funding raised
N/A
Total funding raised
N/A
Total funding raised
$ 11m
Total funding raised
$ 681.4m
Total funding raised
N/A
Total funding raised
$ 40m
Total funding raised
N/A
Total funding raised
$ 10m
Total funding raised
$ 270m
Total funding raised
$ 746.1m
For sources of this data, please see the company profile

View Company Profiles

Fiserv
HQ
Milwaukee, US
Employees
42,000↑ 2% increase

Fiserv is a company that provides payment and financial services technology solutions.

View company
SkypeTime
HQ
Limassol, CY

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.

View company
Civica
HQ
London, GB

Civica UK is a company that provides IT-based digital solutions.

View company
Alight
HQ
Chicago, US
Employees
18,000

Alight is a cloud-based provider of integrated digital human capital, business, health, and payroll solutions.

View company