Paychex

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Paychex, Inc.
Public
Traded as NASDAQ: PAYX
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
Efrain Rivera, CFO[1]
Services Payroll services, tax filing and tax credit services, 401(k) and employee benefits, insurance solutions, HR administration and compliance
Revenue
  • Increase US$ 2,326.2 million (2013) [2]
  • Increase US$ 2,229.8 million (2012) [2]
  • Increase US$ 904.8 million (2013) [2]
  • Increase US$ 853.9 million (2012) [2]
  • Increase US$ 569.0 million (2013) [2]
  • Increase US$ 548.0 million (2012) [2]
Total assets
  • Decrease US$ 6,163.7 million (2013) [3]
  • Increase US$ 6,479.6 million (2012) [2]
Total equity
  • Increase US$ 1,773.7 million (2013) [3]
  • Increase US$ 1,604.5 million (2012) [2]
Number of employees
 Increase 12700 (2014)[4]
Website www.paychex.com

Paychex, Inc. is a provider of payroll, human resource, and benefits outsourcing solutions 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.[5]

History

Headquarters in Penfield, New York

Paychex was founded by Tom Golisano in 1971. Golisano started the company with $3,000.[6]

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. Since then, Paychex has registered a record of steady growth. In fiscal 2013, Paychex revenues exceeded $2.3 billion.[5]

Chief executives
Name Tenure
Tom Golisano 1979 – October 2004
Jonathan J. Judge October 2004 – July 2010
Martin Mucci October 2010 – present

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 Paychex 2014 Annual Report.
  6. ↑ "Golisano Built Paychex into a Success Story." Rochester Business Journal.

External links

Business data

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