Paychex

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Paychex, Inc.
Type Public
Traded as NASDAQPAYX
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$ 2,326.2 million (2013) [2]
  • Increase US$ 2,229.8 million (2012) [2]
Operating income
  • Increase US$ 904.8 million (2013) [2]
  • Increase US$ 853.9 million (2012) [2]
Net income
  • Increase US$ 569.0 million (2013) [2]
  • Increase US$ 548.0 million (2012) [2]
Total assets
  • Decrease US$ 6,163.7 million (2013) [3]
  • Increase US$ 6,479.6 million (2012) [2]
Total equity
  • Increase US$ 1,773.7 million (2013) [3]
  • Increase US$ 1,604.5 million (2012) [2]
Employees Increase 12400 (2011)[4]
Website www.paychex.com

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.[5]

History[edit]

Headquarters in Penfield, New York

Paychex was founded by Tom Golisano in 1971. Golisano started the company with $3,000.[6]

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.[5]

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

Primary Competition[edit]

References[edit]

  1. ^ "PAYX: Profile for Paychex Inc". Yahoo! Finance. Sunnyvale, California: Yahoo!. Retrieved 2012-08-30. 
  2. ^ a b c d e f g h "PAYCHEX INC 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. July 22, 2013. 
  3. ^ a b "PAYCHEX INC 2014 Q3 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. March 26, 2014. 
  4. ^ 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 
  5. ^ a b Paychex corporate website.
  6. ^ "Golisano Built Paychex into a Success Story." Rochester Business Journal.

External links[edit]

Business data