PAYCHEX INC

Paychex, Inc. (NASDAQ: PAYX) is an industry-leading human capital management company providing comprehensive technology and advisory solutions in human resources, payroll processing, employee benefits, and insurance. The company serves approximately 840,000 total customers across the United States and parts of Europe, of which approximately 800,000 are payroll clients. More information about the company is available at www.paychex.com.

The company operates through two primary business segments: Management Solutions and PEO and Insurance Solutions. Management Solutions generates over 60% of revenue from solutions beyond payroll processing and includes HCM technology platforms, payroll processing, HR management, talent acquisition and management, workforce management, benefits administration, partner marketplaces, administrative services organization solutions, and retirement solutions. The company serves approximately 2.6 million worksite employees through its HR Outsourcing Solutions and manages $66 billion in retirement assets through its 401(k) recordkeeper business, serving over 130,000 retirement customers. PEO and Insurance Solutions provide comprehensive HR outsourcing through co-employment arrangements and licensed insurance agency services covering workers' compensation, business-owner policies, cybersecurity protection, and health and benefits coverage.

Paychex processes payroll for approximately one in eleven U.S. private sector workers and moved approximately $1.3 trillion in payroll last fiscal year. The company employs approximately 17,600 people, primarily in the United States on a full-time basis. The company operates three primary HCM technology platforms: SurePayroll for digitally driven small businesses, Paychex Flex for small and medium-sized businesses, and Paycor for larger businesses with complex needs. In April 2025, Paychex completed its acquisition of Paycor HCM, Inc., which expanded the company's presence in the upmarket segment and enhanced its suite of AI-driven HCM solutions.

The company leverages WISE, its AI-powered workforce intelligence engine, which powers approximately 600 AI features and agents across its solutions and operations, drawing on more than 26 trillion data points. Paychex maintains approximately 250 compliance experts and over 650 HR business professionals dedicated to helping customers navigate regulatory requirements and HR best practices. The company markets its solutions through direct and virtual sales forces, channel partnerships with CPAs and insurance brokers, and digital marketing initiatives.