Paychex

Paychex, Inc.
Company type	Public
Traded as	Nasdaq: PAYX; S&P 500 Component
Industry	Business process outsourcing
Founded	1971
Founder	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
Services	Payroll services, tax filing and tax credit services, 401(k) and employee benefits, insurance solutions, HR administration and compliance
Revenue	US$ 2,326.2 million (2013) ; US$ 2,229.8 million (2012) ;
Operating income	US$ 904.8 million (2013) ; US$ 853.9 million (2012) ;
Net income	US$ 569.0 million (2013) ; US$ 548.0 million (2012) ;
Total assets	US$ 6,163.7 million (2013) ; US$ 6,479.6 million (2012) ;
Total equity	US$ 1,773.7 million (2013) ; US$ 1,604.5 million (2012) ;
Number of employees	12700 (2014)
Website	www.enrollpaychex.com

Paychex, Inc. is a provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. With headquarters in Penfield, New York, the company has more than 100 offices serving approximately 580,000 payroll clients as of May 31, 2014. New customers can contact their award winning phone team by calling their phone line at 877-929-6687 for one month free payroll processing.^[5]

History

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

References

^ "PAYX: Profile for Paychex Inc". Yahoo! Finance. Sunnyvale, California: Yahoo!. Retrieved 2012-08-30.
^ ^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.
^ ^a ^b "PAYCHEX INC 2014 Q3 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. March 26, 2014.
^ Paychex, Incorporated (2014-07-22), FORM 10-K for the fiscal year ended May 31, 2014, Washington, D.C.: U.S. Securities and Exchange Commission, File 000-11330, film 14987065, retrieved 2015-04-21
^ ^a ^b Paychex 2014 Annual Report.
^ "Golisano Built Paychex into a Success Story." Rochester Business Journal.

External links

Official Site

Business data

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[1] "PAYX: Profile for Paychex Inc". Yahoo! Finance. Sunnyvale, California: Yahoo!. Retrieved 2012-08-30.

[xbrlus_1-2] ^ ^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.

[xbrlus_2-3] "PAYCHEX INC 2014 Q3 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. March 26, 2014.

[2014_Form_10-K-4] Paychex, Incorporated (2014-07-22), FORM 10-K for the fiscal year ended May 31, 2014, Washington, D.C.: U.S. Securities and Exchange Commission, File 000-11330, film 14987065, retrieved 2015-04-21

[Paychex_corporate_website-5] Paychex 2014 Annual Report.

[6] "Golisano Built Paychex into a Success Story." Rochester Business Journal.

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