PAYCHEX INC PAYX 89.2
Technology · NASDAQ · Data as of 2026-09-24
PAYCHEX INC (PAYX) has delivered +7.9% annualized revenue growth, +8.9% earnings growth, and +10.1% dividend growth over 10 years of data. Ranked #13 of 1968 stocks overall and #5 of 362 in the Technology sector by Steady Score.
About PAYCHEX INC
Company Overview
Paychex provides payroll and human capital management technology and advisory services to businesses in the United States and parts of Europe. Its platforms, including Paychex Flex, Paycor and SurePayroll, help employers calculate payroll, remit taxes, manage employee records and administer benefits. Additional offerings cover human resources outsourcing, retirement plans, insurance and financing, serving smaller businesses as well as employers with more complex workforce needs.
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Business Model & Revenue
Employers pay recurring service fees for payroll processing, software modules, compliance support and human resources administration. Professional employer organization clients purchase a bundled co-employment service that includes payroll, benefits and risk management, while insurance revenue consists mainly of agency commissions rather than customer premiums. Paychex also earns interest by investing client funds temporarily held before payroll taxes and other obligations are remitted.
Key Facts & Market Position
Paychex combines self-service software with payroll specialists and on-site or virtual advisers, allowing customers to choose different levels of outsourcing. Its PEO model makes Paychex a co-employer for participating worksite employees, unlike its administrative-services offering. The 2025 acquisition of Paycor added an upmarket HCM platform while leaving the company focused on employer administration.