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Paychex revenue
Paychex's revenue is $5.3 billion.
What is Paychex's revenue?
- Paychex's revenue growth from 2001 to 2024 is 506.8%.
- Paychex has 14,300 employees, and the revenue per employee ratio is $369,111.
- Paychex's peak quarterly revenue was $1.4B in 2024(q3).
- Paychex peak revenue was $5.3B in 2024.
- Paychex annual revenue for 2023 was 5.0B, 8.57% growth from 2022.
- Paychex annual revenue for 2024 was 5.3B, 5.42% growth from 2023.
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Paychex historical revenue
Paychex's peak revenue was $5.3B in 2024. The peak quarterly revenue was $1.4B in 2024(q3).
Paychex's revenue increased from $869.9m in 2001 to $5.3B currently. That's a 506.8% change in annual revenue.
Paychex annual revenue
Paychex annual revenue over time
| Fiscal year / year | Paychex revenue |
|---|---|
| 2009 | $2.1B |
| 2010 | $2.0B |
| 2011 | $2.1B |
| 2012 | $2.2B |
| 2013 | $2.3B |
| 2014 | $2.5B |
| 2015 | $2.7B |
| 2016 | $3.0B |
| 2017 | $3.2B |
| 2018 | $3.4B |
| 2019 | $3.8B |
| 2020 | $4.0B |
| 2021 | $4.1B |
| 2022 | $4.6B |
| 2023 | $5.0B |
| 2024 | $5.3B |
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Paychex annual growth
Paychex saw the greatest revenue growth in 2004, when revenue increased by 17.77%.
Paychex had the lowest revenue growth in 2010, when revenue changed by -3.94%.
Paychex annual growth rate over time
| Year | Paychex growth |
|---|---|
| 2009 | 1%↑ |
| 2010 | -4%↓ |
| 2011 | 4%↑ |
| 2012 | 7%↑ |
| 2013 | 4%↑ |
| 2014 | 8%↑ |
| 2015 | 9%↑ |
| 2016 | 8%↑ |
| 2017 | 7%↑ |
| 2018 | 7%↑ |
| 2019 | 12%↑ |
| 2020 | 7%↑ |
| 2021 | 0%↑ |
| 2022 | 14%↑ |
| 2023 | 9%↑ |
| 2024 | 5%↑ |
Paychex quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Paychex quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2009 | $534.1M | $524.2M | $528.6M | $496.0M |
| 2010 | $500.2M | $496.6M | $507.8M | $537.0M |
| 2011 | $518.3M | $512.0M | $531.3M | $558.4M |
| 2012 | $563.1M | $545.7M | $569.5M | $551.5M |
| 2013 | $578.2M | $569.4M | $593.3M | $585.3M |
| 2014 | $613.1M | $616.4M | $650.4M | $639.0M |
| 2015 | $666.8M | $676.3M | $704.3M | $692.2M |
| 2016 | $723.0M | $722.4M | $752.6M | $753.9M |
| 2017 | $785.5M | $771.4M | $795.8M | $798.6M |
| 2018 | $792.9M | $803.0M | $938.1M | $871.1M |
| 2019 | $862.8M | $858.9M | $1.1B | $980.4M |
| 2020 | $992.0M | $990.7M | $1.1B | $915.1M |
| 2021 | $932.2M | $983.7M | $1.1B | $1.0B |
| 2022 | $1.1B | $1.1B | $1.3B | $1.1B |
| 2023 | $1.2B | $1.2B | $1.4B | $1.2B |
| 2024 | $1.3B | $1.3B | $1.4B | $1.3B |
| 2025 | $1.3B | $1.3B | - | - |
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Paychex financial information
| CEO | Martin Mucci |
| Industry | Commercial & Professional Services |
| Company Type | Public |
| Employees Number | 14,300 |
| Date Founded | 1971 |
| Headquarters | Rochester, New York |
| Number of Locations | 29 |
| Revenue | $5.3B |
| Net Income | $1,557,300,000 |
| Gross Proft | $3.8B (2024) |
| PE Ratio | 15.03 |
| Tax Rate | 0.2% |
| Market Capitalization | $25.4B |
| Total Assets | $10,546,000,000 |
| Ticker | PAYX |
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Paychex competitors
Paychex's top competitor, Aetna, earned an annual revenue of $60.6B.
Paychex's smallest competitor is Oasis Staffing with revenue of $8.0M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Intuit | $106,118 | $16.3B | 10,600 | 1,040 |
| Fiserv | $61,425 | $20.5B | 44,000 | 525 |
| Morningstar | $72,808 | $1.7B | 7,979 | 70 |
| Morgan Stanley | $103,933 | $3.0B | 68,097 | 1,117 |
| Square | $119,615 | $24.1B | 3,835 | 8 |
| Broadridge | $87,981 | $6.5B | 10,000 | 805 |
| Kronos Incorporated | $104,198 | $1.4B | 6,000 | 3 |
| Aetna | $61,847 | $60.6B | 47,950 | 9 |
| MicroStrategy | $90,587 | $496.3M | 2,528 | 30 |
| Workday | $125,723 | $8.4B | 12,500 | 137 |
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Zippia gives an in-depth look into the details of Paychex, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Paychex. The employee data is based on information from people who have self-reported their past or current employments at Paychex. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Paychex. The data presented on this page does not represent the view of Paychex and its employees or that of Zippia.
Paychex may also be known as or be related to Paychex, Paychex Inc and Paychex, Inc.