After spending $1.2 billion on HR and benefits services provider Oasis Outsourcing last year, Paychex’s fiscal 2019 revenue jumped 12% to $3.8 billion. The stock, too, has surged—up about 30% over the past year—pushing the company’s market cap above $30 billion. Paychex has stayed focused on innovation, launching new products for niche markets, such as solo practitioners, and steadily adding functionality to its core platforms. There are potential risks on the horizon, though—including a contraction of the credit market, which could hurt the small businesses that make up much of Paychex’s customer base.
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|Revenues ($M) (Past 12 Months)||$3,902|
|Profits ($M) (Past 12 Months)||$1,055|
|Market Value as of Oct. 9, 2019 ($M)||$29,745|
Refinitiv Sustainable Leadership Monitor
The Sustainable Leadership Monitor is independent and separate from BCG and the Future 50.