Gusto (ZenPayroll, Inc.)
Financial Performance
Gusto Revenue & Financials
Revenue
$1B (FY2026)
Employees
3,200
What is Gusto's revenue?
Gusto had $1B in revenue for fiscal year 2026.
- Latest revenue
- $1B (FY2026)
- Years of data
- 3
- Employees
- 3,200
- How many employees does Gusto have?
- Gusto has about 3,200 employees.
Financial Analysis
Gusto does not publish audited financials, but it has disclosed several milestones. CNBC reported more than $500 million of annualized revenue as of 2023. In May 2026 the company told TechCrunch it had surpassed $1 billion in revenue over the trailing twelve months, a recognized-revenue figure rather than ARR, that growth had accelerated for five consecutive quarters, and that it had been cash-flow positive for several years. Gusto has raised roughly $700 million in primary equity, including a $175 million Series E in 2021 at about $9.5 billion. A $200 million-plus employee tender offer led by Ontario Teachers' Pension Plan in June 2025 valued it at $9.3 billion, close to its early-2022 level. Its largest deal, the 2025 Guideline purchase, cost about $600 million according to TechCrunch sources. Gusto is a dominant American software platform for HR and payroll, holding a robust private market valuation of approximately $9.5 billion.
Revenue Trend Analysis
Trend
Not enough comparable years
Gusto (ZenPayroll, Inc.) has 2 full fiscal year figures on this page, plus 1 other figure (annualized run-rate, partial-period or estimated) that are not ranked or trended with them. There are not enough consecutive, comparable fiscal years to measure a trend.
Reported Revenue Figures
| Fiscal Year | Revenue | YoY Change | Source |
|---|---|---|---|
| FY2026 | $1B | — | TechCrunch (company disclosure) Surpassed $1B in trailing twelve-month revenue in early 2026. |
| FY2024unaudited | $750M | — | Sacra estimate Estimated annual revenue; Sacra reports 2025 revenue of $975M was 30% higher year over year. |
| FY2023annualized run-rate | $500M | — | CNBC More than $500M annualized revenue as of 2023 (approximate). |
Click any row to see year details.
Keep researching Gusto
Gusto Revenue and Financial FAQ
What is Gusto's annual revenue?
More than $1 billion over the trailing twelve months as of early 2026, per the company. That is recognized revenue, not ARR.
Is Gusto profitable?
Gusto does not publish net income, but CEO Josh Reeves told TechCrunch in 2026 that the company has been cash-flow positive for several years.
How much money has Gusto raised?
About $700 million in primary equity through its 2021 Series E, plus secondary transactions such as the June 2025 tender offer led by Ontario Teachers' Pension Plan.
What is Gusto's latest valuation?
$9.3 billion, set by the June 2025 employee tender offer. Rippling ($16.8B) and Deel ($17.3B) carry higher valuations at similar revenue scale.
When will Gusto IPO?
No date has been announced; Gusto said in May 2026 it had nothing to share on an IPO timeline.
Is Gusto publicly traded?
No. Gusto is a highly coveted private "decacorn" (nearly $10 billion valuation). Backed by massive venture capital (including early investments from the CEOs of Yelp, Dropbox, and Box), Gusto raised funding at a massive $9.5 billion valuation in 2021. Wall Street heavily anticipates their eventual IPO.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Gusto Revenue & Financials." CorpDigest, https://corpdigest.com/company/gusto/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Gusto reported $1B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/gusto/financials" target="_blank" rel="noopener">CorpDigest — Gusto financials</a></div>Related Financial Audits
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