Paychex (NASDAQ:PAYX) (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions, primarily serving small and medium-sized businesses. Through its cloud-based Paychex Flex platform, the company delivers payroll processing, tax administration, and time and attendance tools. In addition to core payroll services, Paychex offers a suite of complementary HR solutions, including employee onboarding, benefits administration, and HR compliance support designed to simplify workforce management.
Beyond payroll and HR administration, Paychex provides retirement services, insurance products and risk management offerings. Its retirement solutions encompass 401(k) plan recordkeeping and employee education, while its insurance segment features workers’ compensation, health insurance and other business insurance options. Paychex also extends advisory services, helping clients navigate regulatory requirements, assess workplace safety and manage hiring and retention strategies.
Founded in 1971 by entrepreneur B. Thomas Golisano and headquartered in Rochester, New York, Paychex has grown through both organic expansion and strategic acquisitions. The company completed its initial public offering in 1983 and has since broadened its footprint, serving clients across the United States and select international markets. Under the leadership of President and Chief Executive Officer Martin G. Mucci, Paychex continues to innovate in payroll and HR technology, supporting businesses of varying sizes and industries with scalable, data-driven solutions.
