Company profile

Future of Paychex

#
Rank
918
| Quantumrun Global 1000

Paychex, Inc. is a US provider of human resource, payroll, and benefits outsourcing services for small- to medium-sized businesses. The company is headquartered in Penfield, New York.

Home Country:
Industry:
Business & Personal Services
Website:
Founded:
1994
Global employee count:
13500
Domestic employee count:
Number of domestic locations:
124

Financial Health

Revenue:
$2951900000 USD
3y average revenue:
$2736800000 USD
Operating expenses:
$1805300000 USD
3y average expenses:
$1675833333 USD
Funds in reserve:
$131500000 USD
Market country
Revenue from country
1.00

Asset Performance

  1. Product/Service/Dept. name
    Payroll service
    Product/Service revenue
    1729900000
  2. Product/Service/Dept. name
    HRS revenue
    Product/Service revenue
    1175900000

Innovation assets and Pipeline

Total patents held:
1

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the business services sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*The shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the business services world. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white and blue-collar employees.

*Blockchain technology will be co-opted and integrated into the operations of a range of business services providers, significantly reducing transaction costs and automating complex contract agreements.

COMPANY’S FUTURE PROSPECTS

Company Headlines