Paychex Market Analysis

Topics: Management occupations, Management, Vice president Pages: 33 (8699 words) Published: November 3, 2014
COMPANY PROFILE

Paychex, Inc.

REFERENCE CODE: 499B8973-EA05-4D2D-B931-F3AE0DDB77CA
PUBLICATION DATE: 26 Feb 2014
www.marketline.com
COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED.

Paychex, Inc.
TABLE OF CONTENTS

TABLE OF CONTENTS
Company Overview..............................................................................................3 Key Facts...............................................................................................................3 Business Description...........................................................................................4 History...................................................................................................................6 Key Employees...................................................................................................10 Key Employee Biographies................................................................................12 Major Products and Services............................................................................18 Revenue Analysis...............................................................................................19 SWOT Analysis...................................................................................................20 Top Competitors.................................................................................................25 Company View.....................................................................................................26 Locations and Subsidiaries...............................................................................31

Paychex, Inc.
© MarketLine

Page 2

Paychex, Inc.
Company Overview

COMPANY OVERVIEW
Paychex, Inc. (Paychex or “the company”) is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses. The company operates in the US and Germany. It is headquartered in Rochester, New York and employed approximately 12,400 people as of May 31, 2013.

The company recorded revenues of $2,326.2 million during the financial year ended May 2013 (FY2013), an increase of 4.3% over FY2012. The operating profit of the company was $904.8 million in FY2013, an increase of 6% over FY2012. The net profit was $569 million in FY2013, an increase of 3.8% over FY2012.

KEY FACTS
Head Office

Paychex, Inc.
911 Panorama Trail S.
Rochester
New York 14625 0397
USA

Phone

1 585 385 6666

Fax
Web Address

http://www.paychex.com

Revenue / turnover 2,326.2
(USD Mn)
Financial Year End

May

Employees

12,400

NASDAQ National
Market Ticker

PAYX

Paychex, Inc.
© MarketLine

Page 3

Paychex, Inc.
Business Description

BUSINESS DESCRIPTION
Paychex, Inc. (Paychex or “the company”) is a provider of professional services to small to medium-sized businesses. The company offers payroll, human resource, and benefits outsourcing solutions. As of May 31, 2013, Paychex provided services to over 570,000 clients, including approximately 2,000 clients through its four offices in Germany. The company operates through a single segment. However, it has classified its services into two categories: payroll and human resource (HR) services.

Paychex’s payroll service includes 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. The company’s payroll services support the small business market through its core payroll and SurePayroll products. Mid-market companies are primarily serviced through Paychex’s Major Market Services (MMS) payroll product. The company offers Software-as-a-Service (SaaS) solution to meet the payroll and human resource administrative needs of its MMS clients. In addition, Paychex also offers ancillary services...
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