How many employees does Paychex, Inc. have?

Paychex, Inc. reported 17,600 employees for the fiscal year ending May 2026, in the annual report it filed on July 17, 2026. That is down 7.4% from a year earlier.

What is Paychex, Inc.'s revenue per employee?

Paychex, Inc. brought in $6.51B of revenue in fiscal May 2026, which is $370K per employee. That ranks 85 of 153 companies we track in Industrials, where the median is $393K.

Where do these numbers come from?

Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Company data

Paychex, Inc. employees and revenue per employee

PAYX · Staffing & Employment Services · $35.2B market cap

Paychex, Inc. had 17,600 employees at the end of fiscal May 2026, down 7.4% from a year earlier. Revenue for the year was $6.51B, up 16.9% from a year earlier, or $370K per employee. Revenue held up or grew while headcount stayed flat or fell.

Employees

17,600

-7.4% YoY

Revenue

$6.51B

+16.9% YoY

Revenue / employee

$370K

Peer median $393K

Rank in sector

85 of 153

Industrials

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in May 2017

Hover a year for the numbers.

PAYX employees and revenue by fiscal year
Year ending	Employees	Revenue	Per employee	Staff YoY	Revenue YoY
May 2026	17,600	$6.51B	$370K	-7.4%	+16.9%
May 2025	19,000	$5.57B	$293K	+15.2%	+5.6%
May 2024	16,500	$5.28B	$320K	-0.6%	+5.4%
May 2023	16,600	$5.01B	$302K	+3.8%	+8.6%
May 2022	16,000	$4.61B	$288K	+6.7%	+13.7%
May 2021	15,000	$4.06B	$270K	-5.1%	+0.4%
May 2020	15,800	$4.04B	$256K	+1.3%	+7.1%
May 2019	15,600	$3.77B	$242K	+9.1%	+11.6%
May 2018	14,300	$3.38B	$236K	+4.4%	+7.3%
May 2017	13,700	$3.15B	$230K	—	—

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years

Revenue per employee, last six fiscal years

Paychex, Inc. against similar companies

The closest sector peers by revenue, from Industrials.

Company	Employees	Revenue	Revenue / employee	Shape
NSP Insperity, Inc.	4,200	$6.81B	$1.62M	Leaner
WSO Watsco, Inc.	6,950	$7.24B	$1.04M	Contracting
QXO QXO, Inc.	7,794	$6.84B	$878K	Efficient growth
SARO StandardAero, Inc.	8,000	$6.06B	$758K	Efficient growth
EFX Equifax Inc.	15,000	$6.07B	$405K	Efficient growth
PAYX Paychex, Inc.	17,600	$6.51B	$370K	Leaner
CLH Clean Harbors, Inc.	22,155	$6.03B	$272K	Leaner
RRX Regal Rexnord Corporation	28,700	$5.93B	$207K	Contracting
UHAL U-Haul Holding Company	32,600	$6.04B	$185K	Leaner

Every Industrials company

Questions about Paychex, Inc.

How many employees does Paychex, Inc. have?: Paychex, Inc. reported 17,600 employees for the fiscal year ending May 2026, in the annual report it filed on July 17, 2026. That is down 7.4% from a year earlier.
What is Paychex, Inc.'s revenue per employee?: Paychex, Inc. brought in $6.51B of revenue in fiscal May 2026, which is $370K per employee. That ranks 85 of 153 companies we track in Industrials, where the median is $393K.
Where do these numbers come from?: Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

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More data

Compare PAYX with the rest of the market

See who earns the most per employee, who is hiring, and who is cutting, across every company we track.

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Source: employee counts and revenue as stated in Paychex, Inc.'s annual reports (Form 10-K), latest filed July 17, 2026. This is data, not a recommendation to buy or sell PAYX.