PAYCHEX INC. has recently released its 10-K report, providing a comprehensive look at the company's performance and operations. The company, founded in 1971 and headquartered in Rochester, New York, offers integrated human capital management solutions for small to medium-sized businesses in the United States, Europe, and India. Its services include payroll processing, HR solutions, retirement services administration, cloud-based HR administration software products, insurance services, and various business services.
In the 10-K report, PAYCHEX outlines its business strategy, emphasizing its focus on being a digitally driven HR leader, providing essential technology and advisory solutions for HR, payroll, benefits, and insurance. The company aims to grow its client base, expand its share of wallet, drive technology innovation, and pursue strategic acquisitions. As of May 31, 2025, PAYCHEX served approximately 800,000 clients and their employees across the U.S. and parts of Europe.
The report also highlights the company's client retention, which was in the range of 82% to 83% for fiscal 2025. PAYCHEX provides a range of solutions, including HCM technology, payroll processing, HR management, talent acquisition, talent management, workforce management, benefits administration, partner marketplaces, ASO solutions, retirement solutions, and funding solutions.
Furthermore, PAYCHEX details its PEO and insurance solutions, offering businesses comprehensive employment outsourcing, insurance, and risk management services. The company's licensed insurance agency, Paychex Insurance Agency, Inc., provides various insurance offerings, including property and casualty coverage, cybersecurity protection, commercial auto, and health and benefits coverage.
The 10-K report also discusses the company's sales and marketing strategies, highlighting its direct sales force and digital lead generation initiatives. Over 50% of PAYCHEX's revenues are from solutions other than payroll processing, indicating the diversity of its service offerings.
Additionally, the report mentions PAYCHEX's recent acquisition of Paycor HCM, Inc., a leading provider of HCM, payroll, and talent software, aimed at enhancing the company’s capabilities upmarket and expanding its suite of AI-driven HCM solutions.
The market has reacted to these announcements by moving the company's shares -1.39% to a price of $143.29. For the full picture, make sure to review PAYCHEX INC's 10-K report.
