Ethisphere Names Paychex Among World’s Most Ethical Companies® for 17th Time

March 11, 2025 at 10:00 AM EDT

Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll has once again been named one of the World’s Most Ethical Companies^® by Ethisphere. This marks the 17th time Paychex has been recognized since the annual program began in 2007.

Ethisphere is a global leader in defining and advancing the standards of ethical business practices that recognizes a select group of companies each year for their exceptional commitment to ethical operations, compliance performance, and governance practices. In 2025, 136 companies were recognized spanning 19 countries and 44 industries. Paychex is one of only three companies to receive this honor 17 times.

“It is an incredible honor to once again be named one of the World’s Most Ethical Companies,” said John Gibson, Paychex president and CEO. “I hold this designation in the highest regard because it represents an unwavering commitment to operating with the very best ethical practices in all facets of our business. Our clients, employees, shareholders, and communities count on us to uphold these standards, so receiving recognition for this fundamental value is something we’re very proud of.”

Founded on principles of integrity more than a half century ago, Paychex continues to advance corporate citizenship initiatives and serve as a good community steward today. In FY24, the company remained committed to supporting employee overall well-being, being good corporate citizens, and giving back to the communities where Paychex employees live and work. Last year, the Paychex Charitable Foundation reported $2.3 million in giving, representing a 17 percent increase from the prior year.

“Doing business the right way is a responsibility of every member of the Paychex team,” said Prabha Sipi Bhandari, Paychex chief legal officer, chief ethics officer, and secretary. “In order to achieve our goals and organizational aspirations, we continually recommit ourselves to upholding the highest ethical standards. This dedication drives a steadfast pursuit of best practices in governance and our continuous focus on living our company values for the benefit of all stakeholders.”

“Congratulations to Paychex for achieving recognition as one of the World’s Most Ethical Companies^®. Behind this honor is a true dedication and a commitment to advancing business integrity. This approach is good for business – employees and other stakeholders value companies that prioritize the kinds of practices we measure with our process,” said Erica Salmon Byrne, Ethisphere’s chief strategy officer and executive chair.

Methodology & Scoring

The World's Most Ethical Companies assessment is based on Ethisphere's proprietary Ethics Quotient^®, which requires companies to provide 240+ different proof points on practices that support robust ethics and compliance, governance, a culture of ethics, environmental and social impact, and initiatives that support a strong value chain. That data undergoes further qualitative analysis by Ethisphere’s panel of experts who evaluate each year's group of applicants. This process serves as an operating framework to capture and codify best-in-class ethics and compliance practices from organizations across industries and from around the world.

To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at https://worldsmostethicalcompanies.com/honorees.

About Paychex

Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. Visit paychex.com to learn more.