Paychex

Paychex, Inc. stands as one of America's most successful business service companies, having transformed from a startup with $3,000 in capital to a publicly traded powerhouse serving nearly 800,000 clients across the United States and Europe. Founded in 1971 by entrepreneur Tom Golisano, Paychex pioneered the concept of making payroll outsourcing easy and affordable for small businesses—a market segment largely ignored by larger competitors at the time.

Today, Paychex is far more than a payroll processor. The company has evolved into a comprehensive human capital management (HCM) provider, with over 50% of its revenues coming from solutions beyond payroll processing. Through its flagship Paychex Flex platform, the company offers an integrated suite of cloud-based services including HR technology and advisory solutions, employee benefits administration, insurance services, PEO and ASO solutions, and retirement and funding solutions. This transformation reflects Paychex's commitment to becoming an essential partner for America's businesses, helping them navigate the increasingly complex landscape of workforce management.

With annual revenue exceeding $5.5 billion as of fiscal 2025 and more than 16,000 employees, Paychex has demonstrated consistent growth and innovation. The company's recent $4.1 billion acquisition of Paycor HCM in April 2025—the largest in company history—significantly expanded its capabilities in the mid-market and enterprise segments while enhancing its suite of AI-driven HCM solutions. Paychex's strategic focus on technology innovation, including AI-powered solutions like Paychex Recruiting CoPilot and HR analytics, positions the company for continued leadership in the rapidly evolving HCM industry.

Paychex's success is built on a foundation of customer-centric service delivery, technological innovation, and operational excellence. The company's ability to adapt to changing market needs while maintaining its core commitment to simplifying complex HR processes has made it a trusted partner for businesses ranging from small startups to large enterprises across diverse industries.