Paychex's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Paychex provides payroll, human resource and benefits outsourcing solutions for a businesses.

Paychex's headquarters is l...
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Based on data from Paychex's latest SEC filings

Annual Revenue

Based on data from Paychex's latest SEC filings

Employees

Martin Mucci's photo - President & CEO of Paychex

President & CEO

Martin Mucci

CEO Approval Rating

71/100

OVERVIEW

Founded:

1971

Headquarters:

RochesterNew York

Status:

PublicIndependent Company of NASDAQPAYX

Industry Sector:

Business Support Services

Payroll & Benefit Support Services

Top Competitors or Alternatives

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

ADP is one of Paychex's top competitors. ADP was founded in 1949 in Roseland, New Jersey. ADP operates in the IT Services industry. ADP generates $10.5B more revenue than Paychex.

Alliance Data is a top competitor of Paychex. Alliance Data was founded in 1996, and is headquartered in Plano, Texas. Like Paychex, Alliance Data also operates in the Business Support Services industry. Alliance Data generates $3.1B more revenue vs. Paychex.

Broadridge is seen as one of Paychex's top competitors. Broadridge is headquartered in Lake Success, New York, and was founded in 1962. Broadridge is in the Diversified Financial Services industry. Broadridge generates 122% the revenue of Paychex.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Martin Mucci

President & CEO

- -
14,300
$0
$3.6B
1

Carlos Rodriguez

President & CEO

81/100
57,000
$2.3M
$14.2B
2

Melisa Miller

President & CEO

83/100
20,000
$156M
$7.7B
3

Tim Gokey

CEO

87/100
10,000
- -
$4.4B
4

Stephen C. Hooley

Chairman & CEO

60/100
17,600
- -
$2.2B
5

Mark Begor

CEO

70/100
10,900
- -
$3.3B
6

Jeffery W. Yabuki

President & CEO

76/100
24,000
- -
$6B
7

Jeffrey S. Sloan

President & CEO

71/100
11,000
$5.6B
$3.6B
8

Jeffrey J. Jones

CEO

63/100
2,700
- -
$3.1B
9

Sasan Goodarzi

CEO

79/100
7,900
- -
$14B
10

Raymond W. McDaniel

President & CEO

60/100
13,000
- -
$4.5B

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$3.6B

Paychex's revenue is the ranked 7th among it's top 10 competitors. The top 10 competitors average 6B. Over the last three quarters, Paychex's revenue has grown by 14.1%. Specifically, in Q2 2019's revenue was $980.4M; in Q1 2019, it was $1.1B; in Q4 2018, it was $858.9M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Oasis Outsourcing, Inc.

Nov 2018

Source »
$1.2B
Oasis Outsourcing is a PEO firm that offers human resources, employee benefits, payroll administration and risk management solutions for businesses.
Lessor A/S

Mar 2018

Source »
undisclosed
Lessor provides payroll and human capital management software solutions for small and medium-sized businesses.
HR Outsourcing Holdings, Inc.

Aug 2017

Source »
undisclosed
HROI is a Professional Employer Organization that provides payroll, benefits, workers' compensation, compliance and HR services.
Advance Partners

Dec 2015

Source »
undisclosed
Advance Partners is a provider of integrated financial, operational and strategic services to independent staffing firms.
Upd Holding Corp.

Jun 2014

Source »
undisclosed
NetTime Solutions provides time and attendance software solutions services for businesses.

These are all the companies that Paychex has acquired. Paychex has acquired 8 companies and its latest acquisition was Oasis Outsourcing, Inc. in Nov 2018. Oasis Outsourcing is a PEO firm that offers human resources, employee benefits, payroll administration and risk management solutions for businesses.

Investments

No recent investments found related to Paychex

Paychex News

October 9, 2019DirectorsTalk Interviews

Paychex, Inc. - Consenus Indicates Potential 1.7% Upside

Paychex, Inc. found using ticker (PAYX) have now 18 analysts in total covering the stock. The consens... See more »
October 3, 2019MarketScreener

Schedules Webcast of Its 2019 Annual Meeting of Stockholders

(marketscreener.com) Paychex, Inc. (NASDAQ:PAYX) will hold its Annual Meeting of Stockholders on Thur... See more »
October 2, 2019MarketScreener

Reports First Quarter Fiscal 2020 Results

(marketscreener.com) Rochester, N.Y. - Paychex, Inc. today announced total revenue of $992.0 million ... See more »
October 2, 2019MarketWatch

Paychex profit and revenue rise above expectations, stock slips ahead of the open

Paychex Inc. reported Wednesday a fiscal first-quarter adjusted profit and revenue that beat expectat... See more »
October 2, 2019FinanzNachrichten

Paychex Updates FY20 Guidance

PENFIELD (dpa-AFX) - Paychex, Inc. (PAYX) has updated its guidance for the fiscal year ending May 31,... See more »

Paychex Blogs

May 1, 2018Paychex Blog

Paychex | IHS Markit Small Business Employment Watch: Wages Show Positive Momentum as Job Growth Continues to Moderate Amid Tightening Labor Market

According to the latest Paychex | IHS Markit Small Business Employment Watch, wage growth accelerated... See more »
April 16, 2018Paychex Blog

Study: Nearly Half of Small Business Owners Feel Repealing Net Neutrality Will Have a Negative Impact

As the FCC's repeal of net neutrality draws near, a Paychex Small Business Survey found 44% of small ... See more »
March 20, 2018Paychex Blog

Paychex Wins Stevie® Award for Customer Service

For the second consecutive year, the American Business Awards (ABA) has honored Paychex with a bronze... See more »
March 6, 2018Paychex Blog

Paychex | IHS Markit Small Business Employment Watch: Small Business Job Growth and Wages Moderate in February

After an uptick to start the year, the Paychex | IHS Markit Small Business Employment Watch saw small... See more »
February 16, 2018Paychex Blog

A Legacy of Learning: Paychex Ranks Among Top 125 Training Organizations for 17th Straight Year, Ascends to No. 14

Delivering more than one million training hours to its nearly 14,000 employees last fiscal year, Payc... See more »
February 13, 2018Paychex Blog

NelsonHall Recognizes Paychex as a Leader in Payroll Outsourcing NEAT Report

Paychex has earned recognition as a Leader in the 2017 NelsonHall Evaluation and Assessment Tool (NEA... See more »
February 12, 2018Paychex Blog

IFA Selects Paychex as Preferred Payroll Solutions Provider

The International Franchise Association (IFA) announced it has selected Paychex as its preferred payr... See more »

Paychex Press Releases

March 28, 2019PR Newswire

Paychex Tracks Top State and Local Employment-Related Regulations Gaining Traction Across the U.S.

ROCHESTER, N.Y., March 28, 2019 /PRNewswire/ -- States and local jurisdictions are continuing to adva... See more »
March 20, 2019PR Newswire

Paychex Wins Third-Straight Stevie® Award for Customer Service

ROCHESTER, N.Y., March 20, 2019 /PRNewswire/ -- For the third consecutive year, Paychex, Inc., a lead... See more »
January 30, 2019PR Newswire

Paychex Survey of U.S. Employees Reveals New Insights on Workplace Trends

ROCHESTER, N.Y., Jan. 30, 2019 /PRNewswire/ -- Surveys on workplace topics often poll employers to ga... See more »
January 28, 2019PR Newswire

Paychex Poll Reveals the Government Shutdown Negatively Impacted Business Outlook for Nearly One in Five Business Owners

ROCHESTER, N.Y., Jan. 28, 2019 /PRNewswire/ -- Congress and President Trump reached a temporary deal ... See more »
January 14, 2019StreetInsider

Latest Paychex Flex® Release Features Several Enhancements to HR Solutions

ROCHESTER, N.Y., Jan. 14, 2019 /PRNewswire/ -- With 59 percent1 of employers finding it increasingly ... See more »
January 7, 2019StreetInsider

Paychex Identifies the Top 10 Regulatory Issues for Employers in 2019

Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, benef... See more »

Paychex Videos

Social Statistics

Headquarters

911 Panorama Trail South

Rochester, New York14625

585-385-6666

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Summary

ABOUT

Overview

Paychex, Inc. (NASDAQ: PAYX) provides payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and em...

CEO

Paychex's President & CEO, Martin Mucci, currently has an approval rating of 71%. Paychex's primary competitors are ADP, Alliance Data & Broadridge.

Website

paychex.com

Frequently Asked Questions about Paychex

  1. When was Paychex founded?

    Paychex was founded in 1971
  2. Who is Paychex's CEO?

    Paychex's CEO is Martin Mucci
  3. How much revenue does Paychex generate?

    Paychex generates $3.6B in revenue
  4. How much funding does Paychex have?

    Paychex has historically raised $0 in funding
  1. Where is Paychex's headquarters?

    Paychex's headquarters is in Rochester New York, USA
  2. How many employees does Paychex have?

    Paychex has 14,300 employees
  3. What sector does Paychex operate in?

    Paychex is in Business Support Services, Payroll & Benefit Support Services
  4. Who are Paychex's competitors?

    Paychex's top competitors are ADP, Alliance Data, Broadridge