Paychex Overview

Company: Paychex
CEO: John Gibson Jr.
Founded: Jan 1, 1971
Symbol: PAYX
Exchange: NASDAQ
Industry: Staffing & Employment Services
Sector: Technology
About

Founded in 1971 and headquartered in Rochester, New York, Paychex delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance. Its diverse service portfolioludes: Payroll Management: Encompassing core payroll processing, payroll tax administration, employee payment facilitation, and ensuring compliance with regulations like new-hire reporting and garnishment processing. Human Resources Solutions: Providing support for employer compliance, HR and employee benefits administration, risk management outsourcing, and even the availability of professionally trained on-site HR representatives. Retirement Services: Offering full administration for retirement plans, which covers implementation, ongoing adherence to government regulations, reporting for both participants and employers, online access capabilities, electronic funds transfers, and other administrative tasks. Cloud-based HR Software: A suite of software products designed for efficient HR administration,luding tools for benefits management, time and attendance tracking, digital communication, recruitment, and onboarding processes. Additional Business Services: This category features plan administration outsourcing, state unemployment insurance services, and various support functions for SMBs such as payroll funding and outsourcing (including payroll processing, invoicing, and tax preparation), payment processing solutions, financial wellness programs, and a resource center for small business loans. Insurance Offerings: Providing both property and casualty coverage, whichludes workers' compensation, business-owner policies, cybersecurity protection, and commercial auto insurance, alongside health and benefits coverage like medical, dental, vision, and life insurance. Paychex primarily distributes its services through its dedicated direct sales team.

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Paychex (PAYX)

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110.06 -2.78 -2.46%
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Frequently Asked Questions

When was Paychex founded?

Paychex was founded on Jan 1, 1971, which makes the company 55 years old.

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Who is the CEO of Paychex?

John Gibson Jr. is the CEO of Paychex.

What industry and sector is Paychex in?

Paychex operates in the Staffing & Employment Services industry and the Technology sector.

What are Paychex's CIK, SIC, and ISIN codes?

  • CIK (Central Index Key): 0000723531
  • SIC (Standard Industrial Classification): 8700
  • ISIN (International Securities Identification Number): US7043261079

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How many employees does Paychex have?

Paychex has 17,600 employees.

What is the revenue of Paychex?

In fiscal year 2026, Paychex generated a revenue of $6.51 Billion.

What is the net income of Paychex?

In fiscal year 2026, Paychex reported a net income of $1.76 Billion.

What is Paychex's biggest product segment?

Management Solutions is Paychex's biggest product segment, representing 77.25% of its total revenue.

When was Paychex listed on the stock exchange?

Paychex went public on Aug 26, 1983, through its Initial Public Offering (IPO), and it has been 42 years since then.

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What is the ticker symbol of Paychex, and where is it listed?

Paychex's ticker symbol is PAYX, and the company is listed on the NASDAQ stock market exchange.

What is Paychex's current stock price?

Paychex's current stock price is $110.06 as of Jul 24, 2026.

What is Paychex's market capitalization?

As of , Paychex's market cap is .

What is Paychex's ranking in the world?

Ranked #100among 4,193 companies based on market cap.

Who are the top competitors of Paychex?

Competitors of Paychex include Automatic Data Processing, and more.