5 Biggest Payroll Companies in the World

In this piece, we will take a look at the five biggest payroll companies in the world. For more companies, head on over to 17 Biggest Payroll Companies in the World.

5. Paychex, Inc. (NASDAQ:PAYX)

Latest Revenue Estimate: $4.8 billion

Paychex, Inc. (NASDAQ:PAYX) is a payroll outsourcing company that takes over the payroll function for small and medium sizes businesses. It has hundreds of thousands of customers all over the world and is headquartered in Rochester, New York.

Paychex, Inc. (NASDAQ:PAYX) scored a win in February 2023 when its Retention Insights platform was recognized as a Top New Product Honoree for 2023 by an accounting trade magazine. By the end of Q4 2022, 47 of the 943 hedge funds polled by Insider Monkey had bought the firm’s shares.

Paychex, Inc. (NASDAQ:PAYX)’s largest investor is Robert Joseph Caruso’s Select Equity Group which owns 1.6 million shares that are worth $187 million.