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Paychex, Inc.
Type Public
S&P 500 Component
Industry Business process outsourcing
Founded 1971 (1971)
Founder(s) B. Thomas Golisano
Headquarters Penfield, New York
Area served Continental U.S. and Germany
Key people B. Thomas Golisano, Chairman
Martin Mucci, President and CEO
Efrain Rivera, CFO[1]
Services Payroll services, tax filing and tax credit services, 401(k) and employee benefits, insurance solutions, HR administration and compliance
Revenue Increase US$2084 million (2011)[2]
Operating income Increase US$786 million (2011)[2]
Net income Increase US$515 million (2011)[2]
Total assets Increase US$5394 million (2011)[2]
Total equity Increase US$1496 million (2011)[2]
Employees Increase 12400 (2011)[2]

Paychex, Inc. is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 570,000 payroll clients as of May 31, 2013.[3]


Headquarters in Rochester, New York

Paychex was founded by Tom Golisano in 1971. Golisano started the company with $3,000.[4]

The operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. In 1983, Paychex went public and began trading on The NASDAQ Stock Market. Since then, Paychex has registered a record of steady growth. In fiscal 2013, Paychex revenues exceeded $2.3 billion.[3]

Chief executives
Name Tenure
Tom Golisano 1979 – October 2004
Jonathan J. Judge October 2004 – July 2010
Martin Mucci October 2010 – present

Primary Competition[edit]


  1. ^ "PAYX: Profile for Paychex Inc". Yahoo! Finance. Sunnyvale, California: Yahoo!. Retrieved 2012-08-30. 
  2. ^ a b c d e f Paychex, Incorporated (2011-07-15), FORM 10-K for the fiscal year ended May 31, 2011, Washington, D.C.: U.S. Securities and Exchange Commission, File 000-11330, film 11971238, retrieved 2011-09-01 
  3. ^ a b Paychex corporate website.
  4. ^ "Golisano Built Paychex into a Success Story." Rochester Business Journal.

External links[edit]

Business data