Paychex Inc. PAYX

What this company does

Paychex, Inc. provides technology and advisory solutions in human resources, payroll processing, employee benefits, and insurance. Its payroll processing solutions include the calculation, preparation, and delivery of employee payroll checks, production of internal accounting records and management reports, preparation of federal, state, and local payroll tax returns, and collection and remittance of clients' payroll obligations. As of May 31, 2026, it served approximately 840,000 total customers across the U.S. and parts of Europe, of which approximately 800,000 were payroll clients. It processed payroll representing 1 in 11 U.S. private sector workers and moved approximately $1.3 trillion in the last fiscal year. Over 60% of its revenue is derived from solutions other than payroll processing. It supports approximately 2.6 million worksite employees through its HR Outsourcing Solutions. Paychex, Inc. was incorporated in Delaware in 1979 and maintains dual corporate headquarters in Rochester, New York, and Cincinnati, Ohio.

Written from the business description in PAYCHEX INC's annual report to the U.S. Securities and Exchange Commission, filed 17 July 2026. Every sentence was checked against that document before publication.