When was Paychex founded?

Paychex was founded in 1971 and raised its 1st funding round 45 years after it was founded.

Where is Paychex located?

Paychex is headquartered in New York City, United States. It is registered at 225 Kenneth Drive, Rochester, NY 14623..

How many employees does Paychex have?

As of Sep 30, 2026, the latest employee count at Paychex is 22260.

Is Paychex a funded company?

Paychex is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on 2016.

When was the latest funding round of Paychex?

Paychex's latest funding was a $***** Post IPO round on Nov 12, 2018, with participation from 1 investor. Its primary sector is HRTech. In United States, the HRTech sector has seen $2.24B in funding in 2026 to date.

What is the annual revenue of Paychex?

Annual revenue of Paychex is more than $1B as on May 31, 2026

Where does Paychex rank among its competitors?

Paychex ranks 6th amongst 2924 active competitors, of which 133 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Darwinbox, which secured an undisclosed amount in Sep, 2026.

Who are the top competitors of Paychex?

Paychex's top competitors include Workday, Factorial and GreytHR. Among them, Darwinbox secured the most recent funding round in September, 2026.

Paychex - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Cloud-based platform for HRMS suite solutions. It provides features such as payroll reports, cash requirements, employee check stubs, tax documents, employee profiles, retirement plan balances, health and benefits carrier information, and flexible spending account tracking. It offers also offers tools for onboarding, managing, and developing employees, as well as HR administration, payroll integration, and compliance support.

Website: www.paychex.com/
Social
Email ID: *****@paychex.com
Registered Address: 225 Kenneth Drive, Rochester, NY 14623.

Key Metrics

Founded Year

1971

Location

New York City, United States

Stage

Public

Latest Funding Round

Post IPO, Nov 12, 2018, $*****

Investors

SEB & 6 more

Ranked

6^th among 2924 active competitors

Annual Revenue

$1B+ as on May 31, 2026

Employee Count

22,260 as on Sep 30, 2026

Investment & Acquisitions

Thatch & 18 more

Similar Companies

Workday & 3386 more

Exit Details

Public

View Paychex's full profile

Paychex is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PAYCHEX INC CIN: 723531 , United States, Active	Apr 25, 1979	$1B+ (As on May 31, 2026)	16600 (As on May 31, 2023)	-
PAYCHEX IT SOLUTIONS INDIA PRIVATE LIMITED CIN: U62090KA2008FTC048467 , India, Active	Dec 01, 2008	₹100 - ₹500 Cr (As on Mar 31, 2025)	1335 (As on Oct 31, 2024)
Paychex Inc CIN: 16-1124166 , United States, Active	Dec 31, 1970	-	-	-

Paychex got listed on Apr 25, 1983.

Click here to take a look at Paychex's IPO in detail

Paychex has raised funding over 3 rounds. Its first funding round was on 2016. Its latest funding round was a Post IPO round on Nov 12, 2018 for $*****. 1 investor participated in its latest round. Paychex has 7 institutional investors.

Here is the list of recent funding rounds of Paychex:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 12, 2018	1655496	Post IPO	7781848	1198692	7058819	3916090
Dec 09, 2016	9530991	Post IPO	1753814	1685500	7495527	5676295
2016	1421	Post IPO	9776	9874	4372	9118

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View details of Paychex's funding rounds and investors

The founders of Paychex is Blase Thomas Golisano.

Here are the details of Paychex's key team members:

Blase Thomas Golisano: Founder of Paychex.

View details of Paychex's Founder profiles and Board Members

Paychex's employee count trend

Paychex has 22,260 employees as of Sep 26. Here is Paychex's employee count trend over the years:

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Top competitors of Paychex include Workday, Factorial and GreytHR. Here is the list of Top 10 competitors of Paychex, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Workday 2005, Pleasanton (United States), Public	Developer of cloud software for human resources finance and operations	$352M	Greylock Partners, T. Rowe Price & 13 others	88/100
2nd	Factorial 2016, Barcelona (Spain), Series D	Provider of business management software for human resources and finance	$369M	Atomico, Tiger Global Management & 11 others	83/100
3rd	GreytHR 1994, Bengaluru (India), Acquired	Provider of cloud based human resource management system and payroll software.	$47.4M	New Enterprise Associates, Info Edge & 14 others	79/100
4th	Dayforce 2008, Toronto (Canada), Acquired	Developer of human capital management software providing HR and talent solutions	$30M	Bridgescale, Ceridian & 3 others	78/100
5th	PeopleStrong 2005, Gurugram (India), Acquired	Provider of human capital management platform offering integrated HR solutions	$28.5M	West Street AEP I Offshore Aggregator, HDFC Bank ... & 41 others	78/100
6th	Paychex 1971, New York City (United States), Public	Cloud-based platform for HRMS suite solutions	-	SEB, Marshall Wace & 5 others	77/100
7th	Kronos 1977, Lowell (United States), Acquired	Provider of HCM software solutions for enterprises	$855M	GIC, Blackstone & 3 others	77/100
8th	Bob 2015, London (United Kingdom), Series E	Provider of integrated software for managing workforce payroll and finance	$740M	General Atlantic, Bessemer Venture Partners ... & 26 others	76/100
9th	Darwinbox 2015, San Francisco (United States), Series D	Provider of AI-native human capital management software	$144M	Peak XV Partners, TCV & 55 others	75/100
10th	Cegid 1983, Lyon (France), Late Stage	Provider of cloud-based management solutions for retail, finance, tax, and HR	$900K	Silver Lake, Francisco Partners & 12 others	74/100

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Paychex has made 1 investments in companies including Thatch. Paychex has also acquired 18 companies including SixFifty and Paycor.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 15, 2026	Investments	Thatch	2021	San Francisco (United States)
Jul 28, 2025	Acquisition	SixFifty	2016	Lehi (United States)
Jan 07, 2025	Acquisition	Paycor	1990	Cincinnati (United States)