Name | Value |
---|---|
Revenues | 1,318.5M |
Cost of Revenue | 380.0M |
Gross Profit | 938.5M |
Operating Expense | 391.8M |
Operating I/L | 546.7M |
Other Income/Expense | 10.4M |
Interest Income | 19.9M |
Pretax | 557.1M |
Income Tax Expense | 129.7M |
Net Income/Loss | 427.4M |
Paychex, Inc. provides integrated human capital management solutions for small to medium-sized businesses, offering payroll processing, tax administration, employee payment services, and regulatory compliance. The company also provides HR solutions, retirement services administration, cloud-based HR administration software products, plan administration outsourcing, state unemployment insurance services, payroll funding and outsourcing services, payment processing services, financial fitness programs, and insurance services for property and casualty coverage, as well as health and benefits coverage. Paychex markets and sells its services primarily through its direct sales force, generating revenue through subscription-based services and insurance premiums.