Paychex

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Paychex, Inc.
Public
Traded as NASDAQPAYX
NASDAQ-100 Component
S&P 500 Component
Industry Business process outsourcing
Founded 1971 (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[1]
Services Payroll and HR services
Revenue
  • Increase US$ 2,326.2 million (2013) [2]
  • Increase US$ 2,229.8 million (2012) [2]
  • Increase US$ 904.8 million (2013) [2]
  • Increase US$ 853.9 million (2012) [2]
  • 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]
Number of employees
Increase 12700 (2014)[4]
Website www.paychex.com

Paychex, Inc. is an American provider of payroll, human resource, and benefits outsourcing services 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.

History[edit]

Headquarters in Penfield, New York

Paychex was founded by Tom Golisano in 1971. Golisano started the company with $3,000.[5]

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. In fiscal 2013, Paychex revenues exceeded $2.3 billion.

On February 9, 2011, Paychex acquired SurePayroll[6] for $115 million cash.[7]

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

References[edit]

  1. ^ "PAYX: Profile for Paychex Inc". Yahoo! Finance. Sunnyvale, California: Yahoo!. Retrieved August 30, 2012. 
  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 (July 22, 2014), 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 April 21, 2015 
  5. ^ "Golisano Built Paychex into a Success Story." Rochester Business Journal.
  6. ^ "FPaychex Announces Acquisition of SurePayroll". December 9, 2010. Retrieved May 26, 2011. 
  7. ^ "SurePayroll bought by rival Paychex for $115M". Crain's Chicago Business. December 13, 2010. Retrieved May 26, 2011. 

External links[edit]

Business data