Sector: Industrials | Industry: Employment Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 911 Panorama Trail S ROCHESTER NY 14625-0397 |
Tel: | 1-800-8284411 |
Website: | https://www.paychex.com |
IR: | See website |
Key People | ||
Martin Mucci Chairman of the Board | Stephanie L. Schaeffer Vice President, Company Secretary, Chief Legal & Ethics Officer | John B. Gibson President, Chief Executive Officer, Director |
Robert L. Schrader Chief Financial Officer, Senior Vice President | Karen E. Saunders Mcclendon Chief Human Resource Officer, Vice President | Mark A. Bottini Senior Vice President - Sales |
Michael E. Gioja Senior Vice President - Information Technology and Product Development | Elizabeth Roaldsen Senior Vice President of Operations, Customer Experience | Beaumont Vance Senior Vice President - Data, Analytics and AI | Christopher Simmons Vice President, Controller, Treasurer |
Business Overview |
Paychex, Inc. is a provider of human capital management solutions for human resources (HR), payroll, benefits and insurance services for small-to-medium-sized businesses and their employees across the United States and parts of Europe. The Company offers a portfolio of HCM technology and HR advisory solutions that help its clients navigate the challenges of HR. Its clients have the option of doing payroll online using its software as a service (SaaS) technology, outsourcing to its payroll specialists, or using a combination of those solutions. Payroll is integrated with HCM software modules for clients who have more complex HR needs. It also provides comprehensive HR outsourcing through its administrative services organization and PEO solutions. The Company's HCM SaaS platform is Paychex Flex, which provides workforce management throughout the employee life cycle from recruiting and hiring to retirement, including recruiting, onboarding, HR, time and attendance and employee benefits. |
Financial Overview |
For the nine months ended 29 February 2024, Paychex Inc revenues increased 5% to $3.98B. Net income increased 9% to $1.31B. Revenues reflect Management Solutions segment increase of 4% to $2.94B, PEO & Insurance Services segment increase of 7% to $939M. Net income benefited from Interest income on corporate investments increase from $30.3M to $61.1M (income), Depreciation decrease of 1% to $94.7M (expense). |
Employees: | 16,600 as of May 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $43,201M as of Feb 29, 2024 |
Annual revenue (TTM): | $5,213M as of Feb 29, 2024 |
EBITDA (TTM): | $2,321M as of Feb 29, 2024 |
Net annual income (TTM): | $1,661M as of Feb 29, 2024 |
Free cash flow (TTM): | $611.20M as of Feb 29, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 360,000,000 as of Feb 29, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |