Paychex Inc (OQ:PAYX)

Business Focus: Human Resources Consulting Services

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
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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

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