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  Paychex Inc ( PAYX ) |
1995 - 2021 (27 years)

Net Revenue (Sales) is 
$4.2B (1Y +3.09% )

PAYX Stock Price & Net Revenue (Sales)

Net Revenue (Sales) for PAYX competitors.
INTU ADP EFX NSP
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Net Revenue (Sales)

chevron_right 2021 $1.1B +6.5x
( +7.8% / year avg)
chevron_left 1995 $148.1M
vertical_align_top Peak $4.0B +26.2x
vertical_align_bottom Bottom $148.1M
arrow_drop_up # Up Years 22 22 of 27
years up.
arrow_drop_down # Down Years 5
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • PAYX's stock price has rallied +76,147% from $0.1 in 1995 , or +116x faster than it's net revenue (sales) over the same period.
  • If PAYX grows it's stock at the same rate as it's net revenue (sales) (+7.8%/year) , it's stock price will grow +211% and hit $164.5 over the next 10 years.
  • PAYX's stock price has gone up 14 of the 22 years (+63%) it's net revenue (sales) were also up.
  • Line Item (in $M) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998 FY 1997 FY 1996
    1 Revenue 4040500000 3772500000 3380900000 3151300000 2951900000 2739600000 2518900000 2326200000 2229800000 2036200000 1945789000 2007305000 2066323000 1886964000 1674596000 1445143000 1294347000 1046029000 954910000 869857000 728119000 1175400000 993400000 734700000 325300000
    2 Cost of Revenue 1280800000 1177800000 1017800000 919600000 857100000 808000000 732500000 671300000 680800000 653600000 653585000 680518000 660735000 615479000 560255000 329507000 303436000 257649000 220697000 200352000 136997000 697200000 604200000 428600000 82900000
    3 Gross Profit (Income) 2759700000 2594700000 2363100000 2231700000 2094800000 1931600000 1786400000 1654900000 1549000000 1382600000 1292204000 1326787000 1405588000 1271485000 1114341000 1115636000 990911000 788380000 734213000 669505000 591122000 478200000 389200000 306100000 242400000
    4 R&D 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    5 SG&A 1299200000 1223400000 1075600000 992100000 948200000 878000000 803700000 750100000 695100000 644300000 622440000 597041000 577321000 569937000 464770000 581861000 557596000 440389000 370519000 332803000 295745000 257800000 227300000 188100000 161000000
    6 Other Expenses 3100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    7 Operating Expenses 1299200000 1223400000 1075600000 992100000 948200000 878000000 803700000 750100000 695100000 644300000 622440000 597041000 577321000 569937000 464590000 581861000 557596000 387339000 370519000 332803000 332229000 290700000 254600000 209500000 174900000
    8 Interest Expense 38800000.00 17600000.00 3900000.00 2500000.00 1100000.00 700000.00 1100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    9 D&A 209700000 181500000 138000000 126900000 115100000 106600000 105000000 98200000 97800000 88700000 86445000 85772000 99647000 96986000 94414000 91855000 82791000 64555000 47392000 39139000 36484000 32900000 27300000 21400000 13900000
    10 EBITDA 1670200000 1552800000 1425500000 1366500000 1261700000 1160200000 1087700000 1003000000 951700000 827000000 756209000 815518000 927914000 798534000 744165000 625630000 516106000 465596000 411086000 375841000 295377000 220400000 161900000 118000000 81400000
    11 Operating Income 1460500000 1371300000 1287500000 1239600000 1146600000 1053600000 982700000 904800000 853900000 738300000 669764000 729746000 828267000 701548000 649751000 533775000 433315000 401041000 363694000 336702000 258893000 187500000 134600000 96600000 67500000
    12 Other Income Expenses (Net) 3100000.00 1000000.00 600000.00 -2200000.00 -2800000.00 -700000.00 -400000.00 6600000.00 6400000.00 5800000.00 4513000.00 6875000.00 26548000.00 41721000.00 25195000.00 12391000.00 16469000.00 30503000.00 31315000.00 27279000.00 16479000.00 12600000.00 9500000.00 7000000.00 5200000.00
    13 Pre-Income Tax 1437100000 1368000000 1296100000 1244800000 1151100000 1060000000 988100000 911400000 860300000 792200000 729308000 812075000 854815000 743269000 674766000 546166000 449784000 431544000 395009000 363981000 275372000 200100000 144200000 103700000 72700000
    14 Income Tax Expense 339000000 333600000 362400000 427500000 394300000 385100000 360600000 342400000 312300000 276900000 252309000 278530000 278670000 227822000 209852000 177317000 146834000 138092000 120478000 109112000 85365000 61000000 42000000 28500000 20400000
    15 Net Income 1098100000 1034400000 933700000 817300000 756800000 674900000 627500000 569000000 548000000 515300000 476999000 533545000 576145000 515447000 464914000 368849000 302950000 293452000 274531000 254869000 190007000 139100000 102200000 75200000 52300000
    16 EPS 3.06 2.88 2.60 2.27 2.10 1.86 1.72 1.56 1.51 1.42 1.32 1.48 1.56 1.35 1.23 0.97 0.80 0.78 0.73 0.68 0.51 0.38 0.28 0.21 0.15
    17 EPS Diluted 3.04 2.86 2.58 2.25 2.09 1.85 1.71 1.56 1.51 1.42 1.32 1.48 1.56 1.35 1.22 0.97 0.80 0.78 0.73 0.68 0.51 0.37 0.28 0.21 0.15
    18 Shares Outstanding 358500000 359200000 359000000 359800000 360700000 362900000 364500000 363800000 362400000 361800000 361359000 360783000 368420000 381149000 379465000 378337000 377371000 376263000 374747000 372777000 370603000 368281500 366770250 364503375 346032000
    19 Shares Outstanding (Diluted) 361000000 361800000 361500000 362600000 362500000 364600000 366100000 364700000 363000000 362400000 361728000 360985000 369528000 382802000 381351000 379763000 379524000 378083000 378002000 377510000 375081000 373182000 370829250 364503375 346032000
  • Line Item (in $M) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998 FY 1997 FY 1996
    1 Cash & Cash Equivalents 905200000 673600000 358200000 184600000 131500000 170000000 152500000 107300000 108800000 119000000 284316000 472769000 164237000 79353000 137423000 280944000 219492000 79871000 61897000 45784000 47136000 52700000 35600000 50200000 15400000
    2 Short Term Investments 27200000.00 39000000.00 66000000.00 138800000.00 220600000.00 366600000.00 398700000.00 398200000.00 207500000.00 345000000.00 82496000.00 19710000.00 228727000.00 511772000.00 440007000.00 426666000.00 304348000.00 301328000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    3 Cash & S-T Investments 932400000 712600000 424200000 323400000 352100000 536600000 551200000 505500000 316300000 464000000 366812000 492479000 392964000 591125000 577430000 707610000 523840000 381199000 61897000 45784000 47136000 52700000 35600000 50200000 15400000
    4 Accounts Receivables 790300000 854200000 563600000 543400000 444700000 214500000 185700000 165800000 173000000 190500000 215259000 205680000 219121000 239897000 227974000 192957000 158328000 141299000 135168000 128921000 110044000 81000000 67800000 56000000 44900000
    5 Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    6 Other Current Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3544853000.00 3501376000.00 3808085000.00 3973097000.00 3591611000.00 2740761000.00 2553733000.00 2498041000.00 2607403000.00 2609262000.00 2189325000.00 1659400000.00 1375400000.00 1034500000.00 105000000.00
    7 Total Current Assets 5464600000 5677700000 5784400000 5272000000 4863600000 5103200000 5011400000 4832600000 5075900000 4257900000 4159117000 4239826000 4465911000 4861319000 4444301000 3689070000 3280447000 3032642000 2814574000 2791273000 2362575000 1793100000 1478800000 1140700000 165300000
    8 PP&E 522200000 408700000 393500000 337200000 353000000 353900000 342200000 346000000 324300000 308700000 267583000 274530000 275297000 256087000 234664000 205319000 171346000 159039000 121566000 96078000 75375000 65900000 64700000 54200000 50000000
    9 Goodwill 1791100000.00 1782600000.00 814000000.00 657100000.00 657100000.00 561500000.00 540300000.00 533900000.00 517400000.00 513700000.00 421559000.00 433316000.00 433316000.00 407712000.00 405842000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    10 Intangible Assets 330600000.00 399100000.00 141400000.00 57600000.00 69500000.00 32400000.00 40600000.00 45200000.00 55800000.00 77200000.00 63262000.00 76641000.00 74500000.00 67213000.00 60704000.00 477450000.00 490203000.00 492045000.00 9040000.00 9612000.00 5584000.00 0.00 0.00 0.00 0.00
    11 Goodwill & Intangible Assets 2121700000.00 2181700000.00 955400000.00 714700000.00 726600000.00 593900000.00 580900000.00 579100000.00 573200000.00 590900000.00 484821000.00 509957000.00 507816000.00 474925000.00 466546000.00 477450000.00 490203000.00 492045000.00 9040000.00 9612000.00 5584000.00 0.00 0.00 0.00 0.00
    12 L-T Investments 10000000.00 10000000.00 296000000.00 454000000.00 441000000.00 400000000.00 386000000.00 369000000.00 474000000.00 207000000.00 290000000.00 82000000.00 42000000.00 633000000.00 384000000.00 404000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    13 Tax Assets 0.00 0.00 0.00 0.00 0.00 0.00 37100000.00 34100000.00 29200000.00 25400000.00 21080000.00 16487000.00 13818000.00 15209000.00 12783000.00 0.00 0.00 0.00 0.00 1361000.00 2494000.00 0.00 0.00 0.00 0.00
    14 Other Non-Current Assets 59500000.00 31400000.00 34900000.00 30900000.00 31600000.00 31700000.00 12900000.00 2800000.00 3300000.00 3600000.00 3592000.00 4381000.00 46949000.00 638979000.00 391008000.00 7277000.00 8207000.00 7057000.00 7895000.00 8872000.00 9549000.00 14100000.00 6300000.00 6400000.00 4900000.00
    15 Total Non-Current Assets 3086100000 2998300000 1679300000 1561700000 1577200000 1379300000 1358700000 1331100000 1403700000 1135900000 1067182000 887589000 843880000 1385200000 1105001000 690046000 669756000 658141000 138501000 115923000 93002000 80000000 71000000 60600000 54900000
    16 Other Assets 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    17 Total Assets 8550700000 8676000000 7463700000 6833700000 6440800000 6482500000 6370100000 6163700000 6479600000 5393800000 5226299000 5127415000 5309791000 6246519000 5549302000 4379116000 3950203000 3690783000 2953075000 2907196000 2455577000 1873100000 1549800000 1201300000 220200000
    18 Accounts Payables 79400000.00 75900000.00 74500000.00 57200000.00 56700000.00 51700000.00 48800000.00 42700000.00 69700000.00 45400000.00 37305000.00 37334000.00 40251000.00 46961000.00 46668000.00 30385000.00 22589000.00 22213000.00 14104000.00 16377000.00 17086000.00 10300000.00 10500000.00 5600000.00 3800000.00
    19 S-T Debt 5100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44704000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    20 Income Tax Payables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    21 Deferred Revenue 39200000.00 40300000.00 24300000.00 22900000.00 26300000.00 0.00 6900000.00 5200000.00 3000000.00 3000000.00 3447000.00 9542000.00 10326000.00 7758000.00 5809000.00 4271000.00 3650000.00 3645000.00 4137000.00 4421000.00 4719000.00 0.00 0.00 0.00 0.00
    22 Other Current Liabilities 3608600000 4003800000 4867800000 4364500000 4035100000 4310900000 4204900000 4074000000 4528200000 3552500000 3521202000 3502794000 3854106000 4057483000 3655826000 2800533000 2608320000 2483791000 1930893000 2050847000 1809540000 1422000000 1205200000 940400000 24300000
    23 Total Current Liabilities 4426900000 4845000000 5287200000 4725100000 4365900000 4573000000 4438900000 4268200000 4745700000 3788300000 3742178000 3701893000 4037272000 4237470000 3838372000 2941824000 2721903000 2587525000 2023406000 2143842000 1886945000 1432300000 1215700000 946000000 28100000
    24 L-T Debt 796800000.00 796400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 45541000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
  • Line Item (in $M) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013 FY 2012 FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998 FY 1997 FY 1996
    1 Net Income (Earnings) 1098100000 1034400000 933700000 817300000 756800000 674900000 627500000 569000000 548000000 515300000 476999000 533545000 576145000 515447000 464914000 368849000 302950000 293452000 274531000 254869000 190007000 139100000 102200000 75200000 52300000
    2 D&A 209700000 181500000 138000000 126900000 115100000 106600000 105000000 98200000 97800000 88700000 86445000 85772000 99647000 96986000 94414000 91855000 82791000 64555000 47392000 39139000 36484000 32900000 27300000 21400000 13900000
    3 Deferred Income Tax -4000000.00 4700000.00 19200000.00 17400000.00 7100000.00 -4100000.00 -4900000.00 5300000.00 11700000.00 13600000.00 -3856000.00 0.00 3713000.00 -16388000.00 -7716000.00 9590000.00 -8004000.00 9663000.00 3750000.00 3411000.00 -2786000.00 -400000.00 -1000000.00 -2100000.00 0.00
    4 Stock-Based Compensation (SBC) 47400000.00 46200000.00 44600000.00 35400000.00 34600000.00 31400000.00 26300000.00 22800000.00 22900000.00 24800000.00 25580000.00 25707000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    5 Change in Working Capital 205000000.00 335500000.00 -49700000.00 49200000.00 -32500000.00 -42300000.00 8100000.00 234200000.00 -139400000.00 52661000.00 -120994000.00 109294000.00 -195210000.00 17920000.00 -141317000.00 188702000.00 113427000.00 -346051000.00 143737000.00 171801000.00 114830000.00 97700000.00 68400000.00 57500000.00 39700000.00
    6 Accounts Receivables 55100000.00 -117200000.00 13600000.00 -103700000.00 -37500000.00 -28200000.00 -18200000.00 8300000.00 17600000.00 23700000.00 -10190000.00 3818000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    7 Inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    8 Accounts Payables -4900000.00 77500000.00 42600000.00 39100000.00 63300000.00 51100000.00 45100000.00 -16600000.00 -26900000.00 0.00 -15003000.00 -10049000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    9 Other Working Capital 1037700000 832700000 497200000 546900000 497700000 530200000 572500000 564400000 330200000 469600000 416939000 537933000 428639000 623849000 605929000 747246000 558544000 445117000 791168000 647431000 475630000 360800000 263100000 194700000 137200000
    10 Other Non-Cash Items 186100000.00 180200000.00 0.00 0.00 0.00 0.00 0.00 0.00 548000000.00 515300000.00 17475000.00 534589000.00 28478000.00 66238000.00 13760000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100000.00
    11 Net Cash Provided by Operating Activities 1440900000 1271500000 1276400000 960400000 1018200000 895200000 880900000 675300000 706600000 715300000 610923000 688771000 724669000 631227000 569233000 467857000 390086000 373708000 303821000 304938000 249028000 174100000 136800000 101800000 59900000
    12 Investments in PP&E -127000000 -123800000 -154000000 -94300000 -97700000 -102800000 -84100000 -98700000 -89600000 -100500000 -73174000 -64709000 -82289000 -79020000 -81143000 -70686000 -50562000 -60212000 -54378000 -45250000 -32888000 -22100000 -28200000 -18000000 -17000000
    13 Acquisitions (Net) -6000000.00 -992000000.00 -180000000.00 0.00 -296000000.00 -27000000.00 -9000000.00 -21000000.00 -6000000.00 -126000000.00 13000000.00 -6000000.00 -33000000.00 -3000000.00 -1000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    14 Purchase of Investments -25218100000 -35145800000 -50220200000 -50462300000 -12572200000 -34020400000 -29850500000 -28332800000 -10180500000 -6229100000 -1554950000 -16365721000 -80501595000 -109642485000 -91072442000 -3230532000 -1237008000 -815714000 -1213325000 -921138000 -1301811000 -811000000 -689200000 -517200000 -134800000
    15 Sales/Maturities of Investments 26132900000 34638800000 51592900000 49903000000 11984300000 33719500000 30080600000 27620200000 9817400000 6049300000 1152019000 17958518000 81568872000 108929038000 90227659000 2886796000 1209887000 1028577000 1054292000 594477000 730954000 520200000 346100000 187300000 104400000
    16 Other Investing Activities -9800000.00 -5300000.00 -1717300000.00 229000000.00 918600000.00 145800000.00 -452800000.00 1014300000.00 -785600000.00 -2800000.00 61733000.00 -1117778000.00 -19599000.00 354551000.00 616560000.00 188905000.00 -438000.00 141470000.00 62139000.00 174101000.00 419571000.00 204500000.00 253900000.00 292800000.00 -800000.00
    17 Net Cash used for Investing Activities 771900000 -1628300000 -679000000 -424600000 -63100000 -285000000 -316100000 181700000 -1244300000 -409500000 -401322000 404462000 933165000 -440900000 -310050000 -222455000 -91327000 -198456000 -151258000 -197778000 -184174000 -108400000 -117400000 -55100000 -48200000
    18 Debt Repayment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 980500000.00 -34900000.00 42298000.00 -346002000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    19 Common Stock Issued 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 58778000.00 43198000.00 32125000.00 9026000.00 18270000.00 8170000.00 21031000.00 14600000.00 11242000.00 5500000.00 2000000.00 0.00 0.00
    20 Common Stock Repurchased -171900000.00 -56900000.00 -143100000.00 -166200000.00 -107900000.00 -182400000.00 -249700000.00 0.00 0.00 0.00 0.00 0.00 -999999000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
    21 Dividends Paid -889400000.00 -826800000.00 -739700000.00 -662300000.00 -606500000.00 -551800000.00 -510600000.00 -476700000.00 -460500000.00 -448800000.00 -448558000.00 -447732000.00 -442146000.00 -301313000.00 -231554000.00 -192976000.00 -177408000.00 -165448000.00 -157481000.00 -123112000.00 -81583000.00 -54100000.00 -35900000.00 -24100000.00 -15000000.00
    22 Other Financing Activities -453300000.00 -950600000.00 462400000.00 317300000.00 -304800000.00 93000000.00 127400000.00 -454600000.00 980500000.00 12600000.00 0.00 9033000.00 9066000.00 9718000.00 0.00 0.00 0.00 0.00 0.00 0.00 -69000.00 0.00 -100000.00 7600000.00 5400000.00
    23 Net Cash Used Provided by Financing Activities -1488200000.00 -1008500000.00 -423800000.00 -482700000.00 -993600000.00 -592700000.00 -519600000.00 -858500000.00 527500000.00 -471100000.00 -398054000.00 -784701000.00 -1572950000.00 -248397000.00 -199429000.00 -183950000.00 -159138000.00 -157278000.00 -136450000.00 -108512000.00 -70410000.00 -48600000.00 -34000000.00 -16500000.00 -10000000.00
    24 Net Change in Cash 724600000.00 -1365300000.00 173600000.00 53100000.00 -38500000.00 17500000.00 45200000.00 -1500000.00 -10200000.00 -165300000.00 -188453000.00 308532000.00 84884000.00 -58070000.00 59754000.00 61452000.00 139621000.00 17974000.00 16113000.00 -1352000.00 -5556000.00 0.00 0.00 0.00 0.00
  • About
    Industry: Staffing & Employment Services
    Sector: Industrials
    Country: US
    IPO Date: 6/5/2005
    Stonk Exchange: NASDAQ
    • Paychex, Inc
    • engages in the provision of human capital management solutions for payroll, human resource, insurance, and retirement for small and medium sized businesses.
    • The company is headquartered in Rochester, New York and currently employs 15,700 full-time employees.
    • The firm also has operations in Germany.
    • The firm offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.
    • As of May 31, 2016, the Company serviced approximately 605,000 payroll clients.
    • The company offers a portfolio of HCM services and products that allows its clients to meet their payroll and HR needs.
    • Its payroll-related ancillary services and human resource service (HRS) offerings often leverage the information gathered in the base payroll processing service, allowing it to provide outsourcing services covering the HCM spectrum.
    • The Company, through its HCM software-as-a-service platform, Paychex Flex, provides an integrated product suite that covers the employee life cycle from recruiting and hiring to retirement.