PAYX on Nasdaq

Paychex

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

American payment technology company

Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

$6.3BRevenue, fiscal 20265
$1.8BNet income, fiscal 20265
1971Founded1

Compare with Forrester, Independence Power Holdings, Inc. or Galaxy Payroll Group Ltd, or pick any stock.

  • TickerPAYX on Nasdaq1
  • IndustryServices-Engineering, Accounting, Research, Management1
  • HeadquartersRochester1
  • Websitewww.paychex.com
  • Legal formpublic company1
  • Incorporated inDE6
  • Business address911 Panorama Trail S, Rochester, Ny 14625-03976
  • Filer categoryLarge accelerated filer6

See how the biggest companies compare on our leaderboards

Paychex headquarters
Photo: DanielPenfield, CC BY-SA 3.0, via Wikimedia Commons8

Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses. Founded in 1971 and headquartered in Rochester, New York, the company has more than 100 offices serving approximately 800,000 payroll clients in the U.S. and Europe. Paychex is ranked 681st on the Fortune 500 list of largest corporations by revenue.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

39.8%Operating margin5
27.9%Net margin5
16.5%Revenue growth, 20265
47.1%Return on equity5
1.22×Debt to equity5
$2.3BFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Management Solutions brought in 77% of the revenue Paychex broke down this way in fiscal 2026.

  1. Management Solutions$4.9B577%up 20% from 2025
  2. Peo And Insurance Solutions$1.4B523%up 7% from 2025
Products and services by year
Products and services202420252026
Management Solutions$3.9B$4.1B$4.9B
Peo And Insurance Solutions$1.3B$1.3B$1.4B

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue27¢$1.7B
  • Selling, general and admin37¢$2.3B
  • Income tax9¢$550.8M
  • Profit28¢$1.8B

Out of $6.3B in revenue.5

Where each dollar of operating cash went, fiscal 2026

  • Capital spending9¢$234.9M
  • Dividends paid62¢$1.6B
  • Share buybacks24¢$611.0M
  • Kept or used elsewhere5¢$121.2M

Out of $2.6B of cash from operations.5

Financial statements

Revenue9101112135$6.3B in 2026+71% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $3.7B$3.7B20192020: $4.0B$4.0B2020+7%2021: $4.0B$4.0B2021+1%2022: $4.6B$4.6B2022+14%2023: $4.9B$4.9B2023+8%2024: $5.1B$5.1B2024+5%2025: $5.4B$5.4B2025+5%2026: $6.3B$6.3B2026+16%
Operating income9101112135$2.5B in 2026+83% since 2019
0$1.0B$2.0B$3.0B2019: $1.4B$1.4B20192020: $1.5B$1.5B2020+7%2021: $1.5B$1.5B2021+0%2022: $1.8B$1.8B2022+26%2023: $2.0B$2.0B2023+10%2024: $2.2B$2.2B2024+7%2025: $2.2B$2.2B2025+2%2026: $2.5B$2.5B2026+14%
Net income12135$1.8B in 2026+26% since 2022
0$500.0M$1.0B$1.5B$2.0B2022: $1.4B$1.4B20222023: $1.6B$1.6B2023+12%2024: $1.7B$1.7B2024+9%2025: $1.7B$1.7B2025−2%2026: $1.8B$1.8B2026+6%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2026-05-312025-05-312024-05-31
Total service revenue$6.3B$5.4B$5.1B
Interest on funds held for clients$210.9M$161.7M$146.3M
Total revenue$6.5B$5.6B$5.3B
Cost of service revenue$1.7B$1.5B$1.5B
Selling, general and administrative expenses$2.3B$1.8B$1.6B
Total expenses$4.0B$3.4B$3.1B
Operating income$2.5B$2.2B$2.2B
Interest expense-$269.5M-$105.4M-$37.3M
Other income, net$69.9M$73.6M$81.2M
Income before income taxes$2.3B$2.2B$2.2B
Income taxes$550.8M$518.6M$527.6M
Net income$1.8B$1.7B$1.7B
Other comprehensive income/(loss), net of tax$3.8M$91.4M$14.8M
Comprehensive income$1.8B$1.7B$1.7B
Basic earnings per share$4.90$4.60$4.69
Diluted earnings per share$4.89$4.58$4.67
Weighted-average common shares outstanding358.9M shares360.2M shares360.3M shares
Weighted-average common shares outstanding, assuming dilution360.0M shares362.0M shares362.1M shares

Compare Paychex with another company

The story

Founded by Tom Golisano in 1971.1

Paychex was founded in 1971 by Tom Golisano, who started the company with only $3,000.

The operation grew to include 18 franchises and partnerships, which were eventually consolidated into one private company in 1979. In 1983, the company (ticker symbol: PAYX) became a public company via an initial public offering.

Paychex acquired Pay-Fone in 1995. In 1996, the company acquired Olsen Computer Systems and National Business Systems.

Between 2002 and 2003, it acquired Advantage Payroll Services, Interpay, and Time in a Box, followed by Time in a Box's parent Stromberg in 2004.

The company purchased Hawthorne Benefit Technologies in 2007, SurePayroll, Inc. in 2010, and ePlan Services in 2011. It Icon Time Systems and ExpenseWire in 2012 for an undisclosed amount. Between 2013 and 2017, it purchased myStaffingPro NETtime solutions Advance Partners, and Human Resources Outsourcing, Inc.

Rochester Democrat and Chronicle named Paychex one of the Best Places to Work in Rochester in 2016.

It acquired Lessor Group 2018. That year it also acquired Oasis for a reported $1.2 billion.

In 2019, Paychex was named to the Fortune list of Future 50 companies.

Read the full text

John Gibson has been CEO of Paychex since October 2022.

The company generated $5.2 billion in revenue and $13 billion in assets in 2024.

In 2025, it acquired Paycor for $4.1 billion

In May 2025, Paychex acquired SixFifty, the legal tech unit of U.S. law firm Wilson Sonsini Goodrich & Rosati, in an all-cash deal worth between $70 million and $85 million.

Small Business Employment Watch

Paychex and IHS Markit launched a Small Business Jobs Index in 2014 that measures the health of businesses employing 50 people or less. The IHS Markit Small Business Employment Watch shares small business jobs data beginning 2005 and wage data from 2011. The Employment Watch is frequently used by financial experts, analysts, and journalists assessing the economic outlook.

From Wikipedia’s article on Paychex, shared under CC BY-SA 4.0.7

Leadership

Who has led Paychex, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jonathan Judge2006–2010
  2. Martin Mucci2010–2022
  3. John B. Gibson2022–now

Chair

  1. Tom Golisano2006
  2. Martin Mucci2021–2022

President

  1. Jonathan Judge2006–2010
  2. Martin Mucci2010–2021
  3. John B. Gibson2022–now

Chief financial officer

  1. John M. Morphy2006–2011
  2. Efrain Rivera2011–2023
  3. Robert L. Schrader2023–now

Chief operating officer

  1. John B. Gibson2022
19801990200020102020
Board members and other officers (45)

Timeline

  1. Oct 18, 2022New chief executive John B. Gibson becomes CEO19
  2. Oct 14, 2010New chief executive Martin Mucci becomes CEO20
  3. Jul 6, 2006New chief executive Jonathan Judge becomes CEO21
  4. Mar 26, 1990Went public Listed on NASDAQ1
  5. 1971Founded Founded1

Filings

437 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 48 major events, 264 insider forms, 18 large holders, 86 other. The latest 20:

  1. Oct 14, 2026144 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Sep 30, 20264 EDGAR
  5. Sep 29, 2026144 EDGAR
  6. Sep 24, 202610-Q EDGAR
  7. Sep 23, 20268-K EDGAR
  8. Sep 4, 2026ARS EDGAR
  9. Sep 4, 2026DEFA14A EDGAR
  10. Sep 4, 2026DEF 14A EDGAR
  11. Sep 2, 20264 EDGAR
  12. Aug 17, 20264 EDGAR
  13. Jul 21, 20268-K EDGAR
  14. Jul 21, 20264 EDGAR
  15. Jul 21, 20264 EDGAR
  16. Jul 21, 20264 EDGAR
  17. Jul 20, 2026144 EDGAR
  18. Jul 17, 2026144 EDGAR
  19. Jul 17, 2026144 EDGAR
  20. Jul 17, 202610-K EDGAR

The 437 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 18 such filings since October 2021, the latest 10:

  1. Apr 30, 2026SCHEDULE 13G
  2. Mar 27, 2026SCHEDULE 13G/A
  3. Feb 13, 2026SCHEDULE 13G/A
  4. Jan 30, 2026SCHEDULE 13G/A
  5. Nov 13, 2025SCHEDULE 13G/A
  6. Oct 6, 2025SCHEDULE 13G/A
  7. Aug 13, 2025SCHEDULE 13G/A
  8. Nov 13, 2024SC 13G/A
  9. Feb 13, 2024SC 13G/A
  10. Feb 9, 2024SC 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Capital International Investors28,840,445$2.8B0.6%−1,108,241
BlackRock, Inc.27,753,178$2.7B0.0%−661,274
Vanguard Capital Management LLC21,040,690$2.1B0.0%+75,420
Vanguard Portfolio Management LLC15,277,715$1.5B0.1%+28,155
State Street Corp14,411,341$1.4B0.0%+361,713
Invesco Ltd.13,040,655$1.3B0.1%+255,853
Charles Schwab Investment Management Inc10,402,177$1.0B0.1%+1,026,924
Geode Capital Management, LLC10,250,030$1.0B0.1%−20,498
Morgan Stanley6,540,823$643.2M0.0%+1,242,795
Federated Hermes, Inc.5,881,768$578.4M0.8%−3,808
Goldman Sachs Group Inc4,619,471$454.2M0.0%+660,155
Bank Of America Corp /de/4,414,326$434.1M0.0%+90,436
Northern Trust Corp4,006,462$394.0M0.0%+9,665
Wells Fargo & Company/mn3,852,234$378.8M0.1%−387,014
First Trust Advisors LP3,366,093$331.0M0.2%+1,022,037
UBS Group AG3,303,592$324.8M0.1%−228,797
Jpmorgan Chase & Co2,838,927$283.4M0.0%+96,048
Envestnet Asset Management Inc2,764,004$271.8M0.1%−10,469
Victory Capital Management Inc2,741,215$269.5M0.2%+1,341,349
Dimensional Fund Advisors LP2,706,479$266.2M0.0%−116,090
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC2,669,450$262.5M0.0%−29,943
Millennium Management LLC2,329,624$229.1M0.2%+1,194,645
Select Equity Group, L.P.2,320,215$228.1M1.2%−1,349,858
Norges Bank2,131,253$209.6M0.0%New
Legal & General Group Plc2,107,031$207.2M0.0%−238,090

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

41 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 25, 2026April McClain DelaneyDemocratic, HouseSale$100,001 - $250,000+12.1%Report
Apr 21, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000−8.6%Report
Apr 16, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000−10.2%Report
Apr 14, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+13.5%Report
Apr 7, 2026Rick LarsenDemocratic, HouseSale$1,001 - $15,000−3.8%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateSale$1,001 - $15,000+0.9%Report
Feb 24, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000−12.9%Report
Feb 23, 2026April McClain DelaneyDemocratic, HousePartial sale$1,001 - $15,000−13.7%Report
Feb 20, 2026Shelley Moore CapitoRepublican, SenateSale$1,001 - $15,000−9.5%Report
Jan 14, 2026Rick W. AllenRepublican, HouseSale$15,001 - $50,000+11.4%Report
Nov 13, 2025Shelley Moore CapitoRepublican, SenatePartial sale$1,001 - $15,000+15.8%Report
Nov 12, 2025Marjorie Taylor GreeneRepublican, HouseBuy$15,001 - $50,000−13.2%Report
Oct 21, 2025Shelley Moore CapitoRepublican, SenatePartial sale$1,001 - $15,000+28.1%Report
Oct 1, 2025April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−26.1%Report
Sep 25, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+29.8%Report
Sep 23, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000−30.7%Report
Sep 23, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+30.7%Report
Aug 4, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+42.8%Report
Jul 16, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−45.8%Report
Jun 26, 2025April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−47.6%Report
May 5, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−62.8%Report
Apr 9, 2025April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−64.9%Report
Apr 9, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+64.9%Report
Mar 19, 2025Sheri BiggsRepublican, HouseSale$15,001 - $50,000+61.0%Report
Feb 27, 2025April McClain DelaneyDemocratic, HouseBuy$1,001 - $15,000−57.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70