Company
Paychex, Inc.
Headquarters: Rochester, NY, United States
Founded: 1971
Employees: 15,000
CEO: Mr. Martin Mucci
Market Cap
$42.27 Billion
USD as of July 1, 2024
Top Competitors by Market Capitalization
Industry: Staffing & Employment Services
| Company | Market Cap (USD) |
|---|---|
| Automatic Data Processing, Inc. | $96.41 B |
| Recruit Holdings Co Ltd | $86.66 B |
| Ergo Science Corp | $55.23 B |
| Randstad N.V. | $8.28 B |
| Kanzhun Ltd | $8.23 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| General Electric | $178.42 B |
| Caterpillar | $160.58 B |
| Siemens | $149.99 B |
| Schneider Electric | $138.86 B |
| Honeywell | $138.35 B |
Detailed Description
Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, it provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. The company markets and sells its services primarily through its direct sales force. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.
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Stocks & Indices
Paychex, Inc. has the following listings and related stock indices.
Stock: NASDAQ: PAYX wb_incandescent
Stock: Bovespa: P1AY34 wb_incandescent
Stock: FSX: PCX wb_incandescent
Product & Services
Payroll and HR services
Key People
Founder(s): B. Thomas Golisano
B. Thomas Golisano (chairman of the board) Martin Mucci (president & CEO) Efrain Rivera (senior VP & CFO)
Financials
Revenue: US$4.06 billion (2021)
Operating income: US$1.46 billion (2021)
Net income: US$1.10 billion (2021)
Total assets: US$9.23 billion (2021)
Total equity: US$2.95 billion (2021)