Paychex

Paychex, Inc.

Type	Public
Traded as	NASDAQ: PAYX 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
Services	Payroll and HR services
Revenue	US$ 2,326.2 million (2013) US$ 2,229.8 million (2012)
Operating income	US$ 904.8 million (2013) US$ 853.9 million (2012)
Net income	US$ 569.0 million (2013) US$ 548.0 million (2012)
Total assets	US$ 6,163.7 million (2013) US$ 6,479.6 million (2012)
Total equity	US$ 1,773.7 million (2013) US$ 1,604.5 million (2012)
Number of employees	12700 (2014)
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.

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

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 for $115 million cash.

Business data