PrimePay Competitors and Similar CompaniesClear all

Paychex's competitors and similar companies include Paylocity and Gusto.

	Paychex Paychex is a provider of integrated human capital management solutions.	Paylocity Paylocity is a technology company that specializes in cloud-based human capital and payroll management.	Gusto Gusto (formerly known as ZenPayroll) is a company that develops cloud-based payroll, employee benefits, and HR management software.
Founding Date	Founding Date 1971	Founding Date 1997	Founding Date 2012
Type	Type Public	Type Public	Type Private
Tags	Tags Business Products & Services human capital outsourcing recruiting	Tags Technology enterprise software hrtech scheduling	Tags Technology cloud enterprise software hrtech workforce management
Locations	Locations Rochester, US HQ Lillerød, DK Vejle, DK Berlin, DE Dresden, DE Hamburg, DE Rostock, DE see more	Locations Chicago, US HQ Lake Mary, US Louisville, US Meridian, US New York, US Oakland, US Rochester, US see more	Locations San Francisco, US HQ Denver, US New York, US
Employees	Employees 16,5001% decrease	Employees 6,10015% increase	Employees 3,5532% increase
Valuation ($)	Valuation ($) 46.9 b	Valuation ($) 9.8 b	Valuation ($) 3.8 b
Financial
Revenue (est.)	Revenue (est.) $5.6b (FY, 2025)	Revenue (est.) $1.6b (FY, 2025)	Revenue (est.) $500m (FY, 2023)
Cost of goods	Cost of goods $1.5b (FY, 2025)	Cost of goods $498.2m (FY, 2025)	Cost of goods N/A
Gross profit	Gross profit $4b (FY, 2025)	Gross profit $1.1b (FY, 2025)	Gross profit N/A
Net income	Net income $1.7b (FY, 2025)	Net income $227.1m (FY, 2025)	Net income N/A
Operating ⚠
Enterprise Customers	Enterprise Customers 740 k (FY, 2023)	Enterprise Customers 36.2 k (FY, 2023)	Enterprise Customers 300 k (Feb, 2024)
Funding
Total funding raised	Total funding raised N/A	Total funding raised $ 10m	Total funding raised $ 746.1m