Paychex Inc

PAYX: XNAS (USA)

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Paychex Is Executing on Its Paycor Acquisition

Eric Compton

Mar 25, 2026

Business Strategy and Outlook

Paychex is a leader in payroll and human capital management, or HCM, software in the United States. The company, which focuses on servicing small and medium-size businesses, generates revenue from three sources: management solutions, professional employer organization and insurance, and interest income on funds held for clients.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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Paychex Inc

Paychex Is Executing on Its Paycor Acquisition

Business Strategy and Outlook

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