Paychex PAYX · USD
Information Technology · IT Services · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
114.76
-1.96%
Close of 9 Nov 2026, in USD
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About Paychex
From its filings with the US Securities and Exchange Commission
Paychex is based in Rochester, New York and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker PAYX. It is a member of the S&P 500 and Nasdaq-100. The SEC classifies its business as engineering, accounting, research, management. In the fiscal year to 31 May 2026, it reported revenue of $6.51bn and net income of $1.76bn. At that date it held total assets of $16.17bn and shareholders' equity of $3.74bn.
We are an industry-leading human capital management (“HCM”) company providing comprehensive technology and advisory solutions in human resources (“HR”), payroll processing, employee benefits, and insurance. As of May 31, 2026, we served approximately 840,000 total customers across the U.S. and parts of Europe, of which approximately 800,000 are payroll clients. Paychex was incorporated in Delaware in 1979, maintains dual corporate headquarters in Rochester, New York and Cincinnati, Ohio, and has a fiscal year that ends on May 31st.
Effective human capital management requires significant resources and expertise. Organizations face a rapidly evolving employment landscape including an increasing number and complexity of federal, state, and local regulations; the integration of AI into HCM processes; changing workforce dynamics; increasing medical inflation; and challenges attracting and retaining talent. Changing workplace dynamics include increasingly distributed, mobile workforces as well as employee expectations for user experiences similar to customer-oriented applications.
We specialize in helping customers succeed in this rapidly evolving environment. What sets us apart in the industry is our comprehensive suite of solutions, deep advisory expertise, and differentiated access to a large and growing proprietary dataset. Paychex offers a full range of integrated HCM solutions from hire to retire, for businesses and their employees, with configurable options designed to meet a wide range of business sizes and complexities.
Quoted from its 10-K, filed 17 Jul 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- IT Services
- Listed since
- 5 Jun 2005
- Employees
- 17,600
- Website
- paychex.com ↗
- Head office
- 911 PANORAMA TRAIL S, ROCHESTER, NY, 14625-0397
- Incorporated in
- DE
- Classification
- Services-Engineering, Accounting, Research, Management
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Martin MucciChairman of the Board, since 2002$412,972
- Mr. John GibsonPresident, Chief Executive Officer, Director, since 2013$8.8m
- Mr. Robert SchraderSenior Vice President, Chief Financial Officer$2.8m
- Mr. Mason ArgiropoulosChief Human Resources Officer
- Mr. Jason RoseSenior Vice President of Digital Sales and Marketing
- Mr. Adam AnteSenior Vice President of Paycor$3.3m
- Mr. Chad ParodiSenior Vice President - HCM, PEO, and Insurance
- Ms. Elizabeth RoaldsenSenior Vice President - Operations and Customer Experience$2.3m
- Mr. Beaumont VanceSenior Vice President - Data, Analytics and AI
- Mr. Christopher SimmonsVice President, Controller, Treasurer
- Mr. Ryan BergstromChief Product Officer
- Ms. Sipi BhandariChief Legal Officer, Chief Ethics Officer, Secretary
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 69
- Environment
- 70
- Social
- 81
- Governance
- 55
- Direct emissions (scope 1)
- 2,171.749 t
- Energy emissions (scope 2)
- 4,527.731 t
- Value chain emissions (scope 3)
- 22,632.622 t
- Women in the workforce
- 59.3%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Paychex Inc is a leading provider of human resource and payroll services, enjoying a strong market position and brand reputation. The company has a wide range of services tailored to meet the needs of businesses of all sizes.
- Paychex Inc benefits from a diverse and loyal customer base, which includes small and medium-sized businesses across various industries. This customer loyalty is a result of the company's commitment to delivering reliable and accurate payroll processing and HR solutions.
Weaknesses
- Paychex Inc faces the challenge of operating in a highly competitive industry where there are numerous players offering similar services. This can put pressure on the company to continuously innovate and differentiate itself in order to maintain its market share.
- Additionally, Paychex Inc may face challenges in expanding its international presence, as its operations are primarily focused within the United States. This limits its potential customer reach and growth opportunities in international markets.
Opportunities
- Paychex Inc could capitalize on the growing trend of outsourcing HR and payroll functions by providing comprehensive solutions that cater to the evolving needs of businesses. This may include leveraging emerging technologies such as AI and cloud computing to enhance the efficiency and effectiveness of its services.
- Furthermore, as regulations surrounding payroll and HR continue to evolve, Paychex Inc has the opportunity to offer compliance services and consulting, helping businesses navigate complex legal requirements and mitigate risks.
Threats
- Paychex Inc faces the risk of potential cybersecurity breaches and data privacy concerns, which could negatively affect its reputation and customer trust. This requires the company to invest significantly in ensuring robust security measures and maintaining compliance with data protection regulations.
- Additionally, shifts in government policies and regulations related to employment, taxes, and benefits could impact the demand for Paychex Inc's services. The company must stay vigilant and adapt to any changes that may arise.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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