Overview
Paychex
Paychex is an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory services in human resources (HR), employee benefits solutions, insurance, and payroll processing. The company provides payroll services through its SurePayroll online application, while its Paychex Flex platform provides an integrated suite of solutions for payroll, recruiting, onboarding, HR, time and attendance, and benefits to
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Read More help businesses manage the employee life cycle. Paychex processes the payrolls of more than 745,000 clients. The company focuses on small and mid-sized businesses and serves clients throughout the US and Europe. The company was founded in 1979.
Read Less
Read More help businesses manage the employee life cycle. Paychex processes the payrolls of more than 745,000 clients. The company focuses on small and mid-sized businesses and serves clients throughout the US and Europe. The company was founded in 1979.
Read Less
#
638
Fortune 1000 Revenue Rank
John B Gibson Junior
See more contacts
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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Employment Services
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Professional, Scientific, and Technical Services
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Payroll accounting service
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Employee leasing service
Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Computer Systems Design and Related Services
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Legal Services
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Management, Scientific, and Technical Consulting Services
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Other Professional, Scientific, and Technical Services
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Scientific Research and Development Services
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Specialized Design Services
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Actual
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Actual
$5.01 billion
Actual
5.42%
8.55%
$10,383
MAY
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NASDAQ:PAYX
Contacts
Get in Touch with 5 Principals* and 6,075 Contacts
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John B Gibson JuniorPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of May 31, 2023 (12 month period) in USD
Annual Revenue 2024
$5.01 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,898 | $1,706 | $1,590 |
| Net Investing Cash | -$261 | $212 | -$1,505 |
| Net Financing Cash | -$1,875 | -$711 | -$979 |
| Net Change in Cash | -$238 | $1,206 | -$895 |
| Cash at Beginning of Period | $2,135 | $928 | $1,823 |
| Cash at End of Period | $1,897 | $2,135 | $928 |
| Capital Expenditure | -$161 | -$143 | -$134 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $1,469 | $1,222 | $370 |
| Accounts Receivable | $1,060 | $873 | $724 |
| Inventories | $ | $ | $ |
| Other Current Assets | $4,723 | $5,433 | $5,488 |
| Asset Summary | |||
| Total Current Assets | $7,252 | $7,528 | $6,582 |
| Tangible Fixed Assets | $459 | $458 | $480 |
| Intangible Assets | $194 | $187 | $225 |
| Total Assets | $10,383 | $10,546 | $9,635 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $104 | $85 | $106 |
| Short-Term Debt | $19 | $10 | $9 |
| Other Current Liabilities | $5,186 | $5,710 | $5,155 |
| Liability Summary | |||
| Total Current Liabilities | $5,309 | $5,805 | $5,269 |
| Long-Term Debt | $799 | $798 | $798 |
| Other Long-Term Liabilities | $237 | $197 | $185 |
| Total Liabilities | $6,582 | $7,053 | $6,550 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $4 | $4 | $4 |
| Retained Earnings | $2,213 | $2,023 | $1,670 |
| Equity Summary | |||
| Total Equity | $3,801 | $3,493 | $3,085 |
| Shares Outstanding | 360,100,000 | 360,500,000 | 359,900,000 |