PAYX · Nasdaq

Paychex

Human Resource & Employment Services · Penfield, New York · founded 1971

Board members
10
CEO
John B. Gibson
Insider buys, 12 mo
$197K
Insider sales, 12 mo
$4.6M

Board of directors (10)

Directors with a Section 16 filing in the last 13 months. “Since” is the first filing as a director; SEC data sets start in 2016.

Martin Mucci
Chairman and CEOsince Jul 2016+1 S&P board
Pamela A. Joseph
Directorsince May 2016
Joseph M. Velli
Directorsince Jul 2016+1 S&P board
Joseph Doody
Directorsince Jul 2016
Joseph M. Tucci
Directorsince Jul 2016+1 S&P board
Tom Bonadio
Directorsince Jan 2017
Kara Wilson
Directorsince Jul 2017
Kevin A. Price
Directorsince Jul 2021
Theresa M. Payton
Directorsince Jan 2023
J. Michael Hansen
Directorsince Jan 2026

Executive officers (9)

John B. Gibson
President and CEOsince Jul 2016
Robert L. Schrader
Sr. VP, CFOsince Jul 2019
Elizabeth Roaldsen
Sr. Vice Presidentsince May 2023
Christopher C. Simmons
VP, Controller & Treasurersince Oct 2023
Mason Argiropoulos
VP, Chief HR Officersince Apr 2024
Prabha S. Bhandari
Chief Legal Officer, Secretarysince Jun 2024
Adam Brooks Ante
Sr. Vice President, Paycorsince Apr 2025
Ryan Norman Bergstrom
Chief Product Officersince Apr 2025
Chad C. Parodi
SVP, HCM, PEO & Insurancesince Oct 2025

Company facts

Chair
Martin Mucci
In S&P 500 since
Oct 1998
Incorporated in
DE
Fiscal year ends
May
SEC industry
Services-Engineering, Accounting, Research, Management
SEC filings
EDGAR

Connections to other S&P 500 companies

Current directors and officers who also hold a role at another S&P 500 company.

Major holders (5% or more)

Latest Schedule 13D/13G filing per holder. Holders that reported falling below 5% are not shown. Index funds usually report once a year.

No 5% holder filings parsed yet for this company.

Insider trades

Open-market purchases and sales reported on Form 4. Grants, option exercises and tax withholding are excluded.

Buys, 12 mo
$197K
2 trades · 2 insiders
Sales, 12 mo
$4.6M
6 trades · 6 insiders
Net, 12 mo
-$4.4M
Data through
Oct 14, 2026
latest trade shown
DateInsiderTypeSharesPriceValue
Oct 14, 2026Joseph M. Velli
Director
Sale7,839$107.68$844K
Jul 20, 2026Robert L. Schrader
Sr. VP, CFO
Sale2,600$115.09$299K
Jul 17, 2026Christopher C. Simmons
VP, Controller & Treasurer
Sale2,615$115.92$303K
Jul 14, 2026Martin Mucci
Chairman and CEO
Sale25,000$109.93$2.7M
Jun 26, 2026Joseph M. Tucci
Director
Sale3,907$98.25$384K
May 13, 2026Elizabeth Roaldsen
Sr. Vice President
Sale459$90.00$41K
Feb 4, 2026Joseph Doody
Director
Buy1,000$98.76$99K
Feb 4, 2026Tom Bonadio
Director
Buy1,000$98.50$99K
Jul 16, 2025Christopher C. Simmons
VP, Controller & Treasurer
Sale1,843$140.98$260K
Jul 16, 2025Robert L. Schrader
Sr. VP, CFO
Sale3,160$140.63$444K
Jul 16, 2025John B. Gibson
President and CEO
Sale12,370$141.92$1.8M
Jul 10, 2025Martin Mucci
Chairman and CEO
Sale97,526$145.17$14.2M
Apr 15, 2025Joseph M. Velli
Director
Sale3,650$149.25$545K
Apr 3, 2025Michael E. Gioja
Sr. Vice President
Sale653$154.91$101K
Apr 3, 2025Michael E. Gioja
Sr. Vice President
Sale31,000$154.58$4.8M
Oct 16, 2024Mark Anthony Bottini
Sr. VP of Sales
Sale35,318$141.71$5.0M
Oct 16, 2024Mark Anthony Bottini
Sr. VP of Sales
Sale11,557$142.34$1.6M
Oct 15, 2024Robert L. Schrader
Sr. VP, CFO
Sale12,615$142.33$1.8M
Oct 15, 2024Robert L. Schrader
Sr. VP, CFO
Sale400$142.95$57K
Oct 9, 2024Michael E. Gioja
Sr. Vice President
Sale26,428$139.03$3.7M
Oct 4, 2024Michael E. Gioja
Sr. Vice President
Sale14,731$139.18$2.1M
Aug 26, 2024Joseph Doody
Director
Sale8,641$130.69$1.1M
Aug 16, 2024Christopher C. Simmons
VP, Controller & Treasurer
Sale2,344$125.34$294K
Aug 5, 2024David J. S. Flaschen
Director
Sale5,793$125.19$725K
Aug 5, 2024David J. S. Flaschen
Director
Sale8,641$125.22$1.1M

Board and executive changes

Every 8-K with Item 5.02 (departure, election or appointment of directors and officers). The text is the first paragraph of the item.

  1. Jul 21, 2026

    On July 16, 2026, Kara Wilson notified the Board of Directors (the “Board”) of Paychex, Inc. (the “Company”) of her decision not to stand for re-election at the Company’s annual meeting of stockholders in 2026 (the “Annual Meeting”). The Board determined to reduce its size from 11 to 10 directors, effective immediately upon the expiration of Ms. Wilson’s term at the Annual Meeting. Ms. Wilson’s decision did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

    Read the 8-K filing
  2. Jan 20, 2026

    On January 20, 2026, Paychex, Inc. (the "Company") announced that the Board of Directors (the "Board") has voted to expand to eleven members and has appointed J. Michael Hansen, to fill the newly created position as an independent director. Mr. Hansen will participate in the Company's compensation arrangement generally applicable to all of the Company's non-employee directors. The Company’s press release dated January 20, 2026, announcing the appointment of Mr. Hansen, is filed as Exhibit 99.1 to this Current Report on Form 8-K. Mr. Hansen brings deep financial expertise, having served as Executive Vice President & Chief Financial Officer ("CFO") of Cintas Corporation (NASDAQ: CTAS) for more than 10 years. Upon his retirement as CFO in May 2025, Mr. Hansen transitioned to a new role as Assistant to the Chief Executive Officer of Cintas.

    Read the 8-K filing
  3. Jul 14, 2025

    On July 8, 2025, Mark Bottini, Senior Vice President, Sales of Paychex, Inc. (the “Company”), notified the Company of his intention to retire from his current role with the Company, effective immediately. Mr. Bottini will serve as a special advisor to the Company through August 31, 2025 at his current salary to assist with a smooth transition of his duties. Also on July 8, 2025, Michael Gioja, Senior Vice President, Product Development and IT of the Company, notified the Company of his intention to retire from his current role with the Company, effective immediately. Pursuant to an Employment Agreement between the Company and Mr. Gioja, he will serve as a special advisor to the Company through December 31, 2025. Under the Employment Agreement, Mr.

    Read the 8-K filing
  4. May 16, 2025

    On May 15, 2025, B. Thomas Golisano notified the Board of Directors (the "Board") of Paychex, Inc. (the "Company") of his decision to step down from the Board, effective after the Company’s July, 2025 Board meeting. Mr. Golisano did not cite any disagreement on any matter relating to the Company's operations, policies or practices.

    Read the 8-K filing
  5. Jun 17, 2024

    On June 12, 2024, the Board of Directors (the "Board") of Paychex, Inc. (the “Company”) was notified by David J.S. Flaschen of his decision not to stand for re-election to the Board at the Company’s 2024 annual meeting of shareholders. Mr. Flaschen did not cite any disagreement on any matter relating to the Company’s operations, policies, or practices. Mr. Flaschen has served as a member of the Board since 1999.

    Read the 8-K filing
  6. May 17, 2024

    On May 16, 2024, Stephanie Schaeffer, Vice President, Chief Legal & Ethics Officer, and Secretary of Paychex, Inc. (the “Company”), notified the Board of Directors of the Company (the “Board”) of her intention to retire effective as of August 2, 2024. Ms. Schaeffer will serve in her current role until a successor is appointed and then shall serve as a senior advisor to the Company to assist with transition on a full-time basis at her current base salary until her retirement date.

    Read the 8-K filing
  7. Sep 8, 2023

    On September 8, 2023, the Company appointed Christopher Simmons, age 54, to Vice President, Controller and Treasurer, effective October 13, 2023. Mr. Simmons will succeed Robert L. Schrader and will be assuming the responsibilities of principal accounting officer. Effective October 13, 2023, Mr. Simmons will report to Mr. Schrader, concurrent with the effective date of Mr. Schrader’s appointment to serve as the Company’s Senior Vice President and Chief Financial Officer. Mr. Simmons is a senior executive with over 20 years of experience in accounting, tax and treasury. Since August 2022, he served as Vice President and Treasurer at Paychex, overseeing the corporate treasury and tax functions for the company with responsibilities for bank and capital markets relationships, corporate liquidity, investment management, tax policy, tax planning, and tax audit and defense. Mr.

    Read the 8-K filing
  8. Sep 5, 2023

    On September 5, 2023, Efrain Rivera, Senior Vice President and Chief Financial Officer of Paychex, Inc. (the “Company”), notified the Company of his intention to retire as Chief Financial Officer effective as of end of business on October 12, 2023, following which Mr. Rivera will continue to serve as a senior advisor to the Company through December 31, 2023. Also on September 5, 2023, the Board appointed Robert L. Schrader, age 51, to serve as the Company’s Senior Vice President and Chief Financial Officer effective as of October 13, 2023. Mr. Schrader assumed the role of Vice President, Finance and Investor Relations in January 2023. Prior to January 2023, he served in successive roles as Vice President and Controller, Senior Director of Financial Planning and Analysis, and Director of Internal Audit since joining the Company in December 2014. Upon Mr.

    Read the 8-K filing
  9. May 15, 2023

    On May 15, 2023, Paychex, Inc. (the “Company” or “Paychex”) announced that Elizabeth Roaldsen, age 51, has been appointed as Senior Vice President of Operations and Customer Experience, effective May 15, 2023. Ms. Roaldsen has three decades of experience in the financial services industry leading operational teams and delivering business solutions and technology enabled transformation in rapidly evolving environments. Prior to joining Paychex, Ms. Roaldsen worked at HSBC, where she was hired in 2021 to serve as Managing Director, head of enterprise business services, and wholesale banking. Previously, Ms. Roaldsen spent more than a decade at State Street Corporation in Boston, MA, where she most recently served as Executive Vice President, head of global operations and asset servicing. Ms.

    Read the 8-K filing
  10. Jan 24, 2023

    On January 24, 2023, Paychex, Inc. (the “Company”) announced that the Board of Directors (the “Board”) has voted to expand to twelve members and has appointed Theresa M. Payton to fill the newly created position. The Company’s press release dated January 24, 2023, announcing the appointment of Ms. Payton, is filed as Exhibit 99.1 to this Current Report on Form 8-K. Ms. Payton is the founder and CEO of Fortalice Solutions, a firm advising Fortune 150 Boards, C-Suite, and regulators on secured technology innovation and transformation efforts regarding customer delivery and privacy. Before overseeing IT operations as CIO for the White House from 2006 to 2008, she held executive roles in banking technology for two of the country’s top financial institutions.

    Read the 8-K filing
  11. Oct 14, 2022

    On October 14, 2022, Paychex, Inc. (the “Company” or “Paychex”) announced that the Board of Directors (the “Board”) has voted to increase the number of directors on the Board from 10 to 11 members. On October 13, 2022, the Board appointed Paychex President and CEO John B. Gibson, Jr. to fill the new Board position and serve on the Executive Committee of the Board, effective immediately. The Company’s press release, announcing the appointment of Mr. Gibson to the Board, is furnished as Exhibit 99.1 to this Current Report on Form 8-K. There is no other arrangement or understanding between Mr. Gibson and any other persons as it relates to his appointment. Mr. Gibson is not and has not been a participant, or had any interest, in any transaction with the Company that is reportable under Item 404(a) of Regulation S-K since the beginning of the Company’s last fiscal year.

    Read the 8-K filing
  12. Aug 24, 2022

    On August 23, 2022, Martin Mucci, the Chairman and Chief Executive Officer of Paychex, Inc. (the “Company”), notified the Board of Directors of the Company (the “Board”) of his intention to retire as the Company’s Chief Executive Officer effective as of October 14, 2022. Mr. Mucci will retain his role as Chairman of the Board. On August 23, 2022, the Board appointed John B. Gibson, age 56, to serve as the Company’s President and Chief Executive Officer effective as of October 14, 2022. Mr. Gibson assumed the role of President and Chief Operating Officer of the Company in December 2021. Prior to December 2021, he served as the Company’s Senior Vice President of Service since joining the Company in May 2013. Upon Mr. Gibson becoming the Company’s President and Chief Executive Officer on October 14, 2022, Mr. Gibson’s base salary will be increased to $825,000 per year.

    Read the 8-K filing
  13. Nov 23, 2021

    On November 23 , 2021, the Board of Directors (the “Board”) of Paychex, Inc. (the “Company” or “Paychex”) announced that, effective December 1, 2021, Martin Mucci will assume an additional role as Chairman of the Board, succeeding B.Thomas Golisano. Mr. Mucci will continue to serve as Chief Executive Officer, a role he has held since September 2010. There was no change to Mr. Mucci’s compensation arrangement as a result of his appointment. Mr. Golisano will remain on the Board as a Director of the Company. Paychex also announced the promotion of John B. Gibson, Jr., aged 55, to the role of President and Chief Operating Officer, effective December 1, 2021. Mr. Gibson joined Paychex as Senior Vice President of Service in 2013 and has led the service and operations of all Paychex business divisions. In addition to his previous responsibilities, Mr.

    Read the 8-K filing
  14. Jul 8, 2021

    On July 8 , 2021, Paychex, Inc. (the “Company”) announced that the Board of Directors (the “Board”) has voted to expand to ten members and has appointed Kevin A. Price to fill the newly created position. The Company’s press release dated July 8 , 2021, announcing the appointment of Mr. Price, is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Mr. Price is the founder and president of KAP Holdings, LLC d/b/a PartsScription TM , which he founded in 2006. KAP Holdings is a leading wholesaler and distributor of equipment, products, and parts with an innovative ecommerce platform, serving as a parts aggregator for the retail hardware industry.

    Read the 8-K filing
  15. Jul 10, 2019

     On July 10, 2019, the Board of Directors (the “Board”) of Paychex, Inc. (“Paychex”) voted to appoint Robert L. Schrader to Vice President and Controller, effective immediately.  Mr. Schrader, age 47, is a senior executive with over 20 years of experience in corporate finance and public accounting. Most recently he served as Senior Director, Financial Planning and Analysis at Paychex, since August 2017. He first joined Paychex in December 2014 as Director, Internal Audit. Prior to Paychex, Mr. Schrader was Chief Financial Officer for Unither Manufacturing LLC in Rochester, N.Y. Before taking that role, Mr. Schrader was with Bausch & Lomb, Inc. and culminated his 10-year career there as Vice President of Finance and Controller of G lobal Q uality and O perations. He was a former Audit Manager at PricewaterhouseCoopers LLP.  Mr. Schrader is a certified public accountant.

    Read the 8-K filing
Show 5 older changes
  1. Apr 30, 2018

    Director or officer change (Item 5.02). Open the filing for details.

    Read the 8-K filing
  2. Sep 8, 2017

    On September 6, 2017, the Governance and Compensation Committee (the “Committee”) of the Board of Directors of Paychex, Inc. (the “Company”) , awarded Efrain Rivera, the Company’s Senior Vice President, Chief Finan cial Officer, and Treasurer , a one-time grant of performance-based restricted stock under the Company’ s 2002 Stock Incentive Plan, as amended and rest ated effective October 14, 2015 (the “2002 Plan”) . The restricted stock cliff vest s upon the Committee’s certification of net income for the fiscal years ended May 31, 2018, 2019 and 2020 after the completion of the fiscal year ended May 31, 2020 (the “ Vest D ate”) . The performance criteria for the grant is that the restricted shares will vest in full on the Vest D ate if net income for each of the fiscal years 2018, 2019, and 2020 equal s or exceed s $500 million.

    Read the 8-K filing
  3. Jul 19, 2017

    of this Form 8-K is furnished herewith:  Exhibit 99.1 Press Release of Paychex, Inc. dated July 1 9 , 2017.   

    Read the 8-K filing
  4. Mar 29, 2017

    Director or officer change (Item 5.02). Open the filing for details.

    Read the 8-K filing
  5. Jan 17, 2017

    of this Form 8-K is furnished herewith:  Exhibit 99.1 Press Release of Paychex, Inc. dated January 13, 2017.   

    Read the 8-K filing

Proxy statements (DEF 14A): 2026 · 2025 · 2024 · 2023 · 2022 · 2021

Share price

$117.06+146% since 2016 board/officer change filed
52.5810315420172019202120232025

Annual financials

From the company's 10-K XBRL data (SEC companyfacts).

Fiscal yearRevenueNet incomeMarginDiluted EPSTotal assets
FY2026$6.5B$1.8B27.0%$4.89$16.2B
FY2025$5.6B$1.7B29.7%$4.58$16.6B
FY2024$5.3B$1.7B32.0%$4.67$10.4B
FY2023$5.0B$1.6B31.1%$4.30$10.5B
FY2022$4.6B$1.4B30.2%$3.84$9.6B
FY2021$4.1B$1.1B27.1%$3.03$9.2B
FY2020$4.0B$1.1B27.2%$3.04$8.6B
FY2019$3.8B$1.0B27.4%$2.86$8.7B

Former directors and officers (13)

People who stopped filing as an insider of this company. “Last filing” is the last Form 3/4/5, an upper bound on when they left.

Show the list
B. Thomas Golisano
Director2016 or earlier – Sep 2026
Beaumont Vance
Sr VP Data, Analytics, and AIMar 2024 – Jul 2025
Jason Richard Rose
SVP, Digital Sales & MarketingAug 2024 – Jul 2025
Mark Anthony Bottini
Sr. VP of SalesJul 2016 – Jul 2025
Michael E. Gioja
Sr. Vice PresidentApr 2016 – Apr 2025
David J. S. Flaschen
DirectorApr 2016 – Aug 2024
Stephanie L. Schaeffer
CLO, SecretaryJul 2016 – Jul 2023
Efrain Rivera
Sr. Vice President, CFOJul 2016 – Jul 2023
Karen E. Saunders-McClendon
VP, Chief Human Resources OffiApr 2021 – Jul 2023
Laurie L. Zaucha
Vice PresidentJun 2016 – Jul 2020
Jennifer R. Vossler
VP/ControllerJul 2016 – Jul 2019
Grant M. Inman
DirectorApr 2016 – Jul 2018
Phillip Horsley
DirectorJul 2016 – Sep 2017
Paychex (PAYX) board, executives and insiders | USBoard