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Paychex

Paychex
1971 FOUNDED
PUBLIC STATUS
15K-20K EMPLOYEES
PAYX STOCK SYMBOL
18 INVESTMENTS
$84.70 SHARE PRICE (As of Friday Closing)
Description

Paychex competes in the payroll outsourcing industry. It is the second- largest player in terms of revenue and focuses on providing this service to small and midsize businesses. Paychex was created from the consolidation of 17 payroll processors in 1979 and services about 590,000 clients. The firm has almost 13,000 employees and is based in Rochester, New York.

Website
Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Human Capital Services
Stock Exchange
NAS
Primary Office
  • 911 Panorama Trail South
  • Rochester, NY 14625
  • United States

+1 (585) 000-0000
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Paychex Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$61.32 - $88.43 $30.3B $84.47 $2.94 1.43M 358M

Paychex Financials Summary

In Thousands,
USD
TTM
31-Aug-2019
FY 2019
31-May-2019
FY 2018
31-May-2018
FY 2017
31-May-2017
Enterprise Value 29,442,328 30,953,905 23,197,779 20,929,782
Revenue 3,901,700 3,772,500 3,377,700 3,153,000
EBITDA 1,600,600 1,553,800 1,430,100 1,378,600
Net Income 1,055,000 1,034,400 994,100 826,300
Total Assets 8,638,200 8,676,000 7,915,400 6,833,700
Total Debt 946,800 796,400 0
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Paychex Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Paychex Competitors (11)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Automatic Data Processing Corporation Roseland, NJ 00000 000 00000000000 000
000000 00000 Formerly PE-Backed Dublin, CA 0000 00000 00000000000 00000
000000 00000000 Formerly PE-Backed Oklahoma City, OK 0000 000000 - 000
000000000 Formerly PE-Backed Schaumburg, IL 0000 00000 00000000 00000
0000000 0000000 Corporation Toronto, Canada 0000 00000000
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Paychex Investments & Acquisitions (18)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000 00000000000 20-Dec-2018 000000000000000000 00.00 Human Capital Services 000000 00000
000000 00000 01-Mar-2018 000000000000000000 Systems and Information Management 000000 00000
00 00000000000 18-Aug-2017 000000000000000000 000.00 Human Capital Services 000000 00000
0000000 00000000 22-Dec-2015 000000000000000000 Consulting Services (B2B) 000000 00000
UPD Holding 17-Jun-2014 Merger/Acquisition Application Software 000000 00000
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Paychex Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
000 000000000000 11-Apr-2014 000000000000000000 Completed
  • 0000000
Stromberg 13-Apr-2004 Merger/Acquisition Completed
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Paychex Subsidiaries (10)

Company Name Industry Location Founded
ExpenseWire Financial Software Wooster, OH 2005
00 00000000000 Human Capital Services Lawrenceville, GA 0000
00000000000 Financial Software Glenview, IL 0000
0000000 0000000 00 Business/Productivity Software San Diego, CA 0000
00000 00000000 000 Office Services (B2B) Denver, CO 0000
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Paychex Executive Team (46)

Name Title Board
Seat
Contact
Info
Martin Mucci Chief Executive Officer & Board Member
Efrain Rivera JD Chief Financial Officer & Senior Vice President
Michael Wales II Senior Consultant
Laura White Senior Sales Consultant
Michael Weiss Senior Sales Consultant

17 Former Executives

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Paychex Board Members (6)

Name Representing Role Since Contact
Info
000000 00000 Self Board Member 000 0000
000000 00000 Self Board Member 000 0000
000000 00000 Self Board Member 000 0000
000000 00000 Paychex Chief Executive Officer & Board Member 000 0000
000000 000000 Paychex Board Member 000 0000
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