Paychex Overview

  • Year Founded
  • 1971

Year Founded

  • Status
  • Public

  • Employees
  • 16,500

Employees

  • Stock Symbol
  • PAYX

Stock Symbol

  • Investments
  • 22

  • Share Price
  • $141.19
  • (As of Thursday Closing)

Paychex General Information

Description

Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, founded in 1971, services over 745,000 clients and pays 1 in 12 US private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.

Contact Information

Website
www.paychex.com
Ownership Status
Publicly Held
Financing Status
Corporation
Corporate Office
  • 911 Panorama Trail South
  • Rochester, NY 14625
  • United States
+1 (585)
Primary Industry
Human Capital Services
Stock Exchange
NAS
Vertical(s)
Industrials
Corporate Office
  • 911 Panorama Trail South
  • Rochester, NY 14625
  • United States
+1 (585)

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Paychex Stock Performance

As of 12-Dec-2024, Paychex’s stock price is $141.19. Its current market cap is $50.8B with 360M shares.

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$141.19 $141.24 $114.72 - $150.71 $50.8B 360M 1.65M $4.73

Paychex Financials Summary

As of 31-Aug-2024, Paychex has a trailing 12-month revenue of $5.31B.

In Thousands,
USD 		TTM 31-Aug-2024 FY 2024 31-May-2024 FY 2023 31-May-2023 FY 2022 31-May-2022
EV 46,561,612 42,391,795 37,142,397 44,236,883
Revenue 5,310,800 5,278,300 5,007,100 4,611,700
EBITDA 2,356,700 2,374,900 2,230,000 2,072,800
Net Income 1,698,600 1,690,400 1,557,300 1,392,800
Total Assets 10,489,100 10,383,100 10,546,400 9,635,200
Total Debt 867,000 866,300 865,700 881,200
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Paychex Valuation & Funding

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

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Paychex Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize
Human Capital Services
Rochester, NY
16,500 As of 2024

Roseland, NJ
 

Schaumburg, IL
 
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Paychex Competitors (37)

One of Paychex’s 37 competitors is Automatic Data Processing, a Corporation company based in Roseland, NJ.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Automatic Data Processing Corporation Roseland, NJ
Paylocity Formerly VC-backed Schaumburg, IL
Paycor HCM Private Equity-Backed Cincinnati, OH
Insperity Formerly PE-Backed Houston, TX
TriNet Group Formerly PE-Backed Dublin, CA
You’re viewing 5 of 37 competitors. Get the full list »

Paychex Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Paychex Investments & Acquisitions (22)

Paychex’s most recent deal was a Merger/Acquisition with Huckleberry (Commercial/Professional Insurance). The deal was made on 01-Aug-2023.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Huckleberry (Commercial/Professional Insurance) 01-Aug-2023 Merger/Acquisition Commercial/Professional Insurance
Alterna Capital Solutions 31-Jul-2023 Merger/Acquisition Specialized Finance
Flock IS 01-Oct-2021 Merger/Acquisition Business/Productivity Software
Emply 22-Dec-2020 Merger/Acquisition Business/Productivity Software
Oasis Outsourcing 20-Dec-2018 Merger/Acquisition Human Capital Services
You’re viewing 5 of 22 investments and acquisitions. Get the full list »

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Paychex Subsidiaries (9)

Company Name Industry Location Founded
Alterna Capital Solutions Specialized Finance Orlando, FL 2018
Huckleberry (Commercial/Professional Insurance) Commercial/Professional Insurance Santa Ana, CA
Emply Business/Productivity Software Copenhagen, Denmark
ExpenseWire Financial Software Wooster, OH
SurePayroll Financial Software Glenview, IL
You’re viewing 5 of 9 subsidiaries. Get the full list »

Paychex ESG

Risk Overview

Risk Rating

Updated May, 31, 2024

16.67 | Low Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 15,100

Rank

Percentile

Software & Services

Industry

of 961

Rank

Percentile

Data Processing

Subindustry

of 89

Rank

Percentile

To view Paychex’s complete esg history, request access »

Paychex Exits (2)

Paychex’s most recent exit was on 11-Apr-2014 from ISG Technologies. The exit was categorized as .

Company Name Exit Date Exit Type Exit Size Status Buyers
ISG Technologies 11-Apr-2014 Completed
Stromberg 13-Apr-2004 Merger/Acquisition Completed
To view Paychex’s complete exits history, request access »

Paychex FAQs

  • When was Paychex founded?

    Paychex was founded in 1971.

  • Where is Paychex headquartered?

    Paychex is headquartered in Rochester, NY.

  • What is the size of Paychex?

    Paychex has 16,500 total employees.

  • What industry is Paychex in?

    Paychex’s primary industry is Human Capital Services.

  • Is Paychex a private or public company?

    Paychex is a Public company.

  • What is Paychex’s stock symbol?

    The ticker symbol for Paychex is PAYX.

  • What is the current stock price of Paychex?

    As of 12-Dec-2024 the stock price of Paychex is $141.19.

  • What is the current market cap of Paychex?

    The current market capitalization of Paychex is $50.8B.

  • What is Paychex’s current revenue?

    The trailing twelve month revenue for Paychex is $5.31B.

  • Who are Paychex’s competitors?

    Automatic Data Processing, Paylocity, Paycor HCM, Insperity, and TriNet Group are some of the 37 competitors of Paychex.

  • What is Paychex’s annual earnings per share (EPS)?

    Paychex’s EPS for 12 months was $4.73.

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