Valuation · 2025
$9.3B
2026 Revenue
$1B
Customers
400K
Funding
$746M
Avg ACV
$2.5K
Team · 2025
4K
Founded
2012
Gusto Revenue, Valuation & Funding (2026)
Gusto generated $1B in revenue in 2026. Source: techcrunch.com
The company that owns gusto.com is Gusto, formerly known as ZenPayroll, Inc. Gusto is a cloud-based payroll and human resource management software provider based in San Francisco, California, USA. The platform offers a range of services to help small businesses manage their payroll, benefits, and HR-related tasks. Gusto''s services include automated payroll processing, tax filing, employee onboarding, time and attendance tracking, and employee benefits administration. Gusto was founded in 2011 and has since grown rapidly, serving more than 100,000 businesses across the United States. The company has been recognized for its innovative approach to HR and payroll management and has won several awards for its platform and company culture.
Last updated
Gusto Revenue
In 2026, Gusto's revenue reached $1B. The company previously reported $1B in 2026. Since its launch in 2012, Gusto has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2026 | Gusto Hit $1b revenue in May 2026 | techcrunch.com |
| 2024 | Gusto Hit $735.5m revenue in October 2024 | Estimated |
| 2023 | Gusto Hit $500m revenue in November 2023 | Not recorded |
| 2022 | Gusto Hit $290m revenue in January 2022 | Not recorded |
| 2021 | Gusto Hit $200m revenue in August 2021 | Not recorded |
| 2018 | Gusto Hit $100m revenue in December 2018 | Not recorded |
| 2012 | Launched with $0 revenue |
Gusto Valuation, Funding Rounds
Gusto reached a $9.3B valuation in 2025, set during its Valuation round.
Gusto has raised $746M in total funding across 8 rounds, most recently a $55M Series E round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | Valuation | - | $9.3B | - | fortune.com |
| 2022 | Series E | $55M | $9.5B | 1% | Not recorded |
| 2021 | Series E | $175M | $9.5B | 2% | forbes.com |
| 2019 | Series D | $200M | $3B | 7% | Not recorded |
| 2018 | Series C | $140M | $2B | 7% | Not recorded |
| 2015 | Series B | $90M | $1B | 9% | Not recorded |
| 2015 | Series B | $60M | $560M | 11% | Not recorded |
| 2014 | Series A | $20M | $127M | 16% | Not recorded |
| 2012 | Seed | $6M | $32M | 19% | Not recorded |
Founders
Joshua Reeves
CEO
Joshua Reeves is the CEO and co-founder of Gusto, a startup that reimagines payroll, benefits, HR, and personal finance by automating the most complicated, impersonal business tasks and making them simple and delightful. Gusto has offices in San Francisco and Denver, and its investors include Google Capital, General Catalyst, Kleiner Perkins Caufield & Byers, and the founders of Instagram, Stripe, Nest, PayPal, Yelp, Box, and Eventbrite, among others.
Customers
Gusto serves 400K customers.
Gusto Employees & Team Size
Gusto employs approximately 3.7K people as of 2026, up from 3.1K in 2024, including 301 sales reps that carry a quota. It serves 400K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 4K employees (November 2025) | Not recorded |
| 2025 | Reached 3.7K employees (January 2025) | reveliolabs.comEstimated |
| 2024 | Reached 3.1K employees (September 2024) | Not recorded |
| 2022 | Reached 2K employees (November 2022) | Not recorded |
| 2021 | Reached 1K employees (November 2021) | Not recorded |
| 2018 | Reached 726 employees (December 2018) | Not recorded |
| 2018 | Reached 525 employees (July 2018) | Not recorded |
| 2015 | Reached 300 employees (December 2015) | Not recorded |
Frequently Asked Questions about Gusto
What is Gusto's revenue?
As of 2026, Gusto generated $1B in revenue.
Who founded Gusto?
Gusto was founded by Edward Kim.
Who is the CEO of Gusto?
The CEO of Gusto is Joshua Reeves.
How much funding does Gusto have?
Gusto raised $746M across 8 rounds.
How many employees does Gusto have?
As of 2025, Gusto had 4K employees.
Where is Gusto headquartered?
Gusto is headquartered in San Francisco, California, United States.
Compare Gusto to the industry
Gusto operates across multiple industries. Browse revenue, funding, and growth data for Gusto in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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