Paychex (PAYX) EBIT Margin (2009 - 2026)
Paychex's (PAYX) quarterly EBIT Margin came in at 43.78% in Q1 2026, down 340.0% year-on-year from 18.24% in Q1 2025, and up 15.09% quarter-over-quarter from 38.04% in Q4 2025.
Paychex (PAYX) EBIT Margin (2009 - 2026) Analysis & Trends
Paychex has disclosed EBIT Margin across 18 years of filings, most recently posting 43.78% for Q1 2026.
- EBIT Margin for Q1 2026 came in at 43.78%, down 340.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 37.5% (down 463.0% YoY), and the FY2025 annual result was 39.62%, down 157.0% from the prior year.
- EBIT Margin came in at 43.78% for Q1 2026 at Paychex, up from 38.04% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 47.19% in Q1 2025 to a low of 30.2% in Q2 2025.
- The 5-year median for EBIT Margin is 41.46% (2024), against an average of 40.58%.
- Across the five-year window, EBIT Margin surged 444 bps in 2023 and sank 700 bps in 2025, its largest moves.
- Paychex's EBIT Margin stood at 40.42% in 2022, then increased by 2 bps to 41.28% in 2023, then increased by 2 bps to 42.01% in 2024, then declined by 9 bps to 38.04% in 2025, then increased by 15 bps to 43.78% in 2026.
- The last three EBIT Margin figures came in at 43.78% (Q1 2026), 38.04% (Q4 2025), and 36.31% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Paychex | 36.04 Bn | 34.25 Bn | 1.38 Bn | 43.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 43.78% |
| Nov 30, 2025 | 38.04% |
| Aug 31, 2025 | 36.31% |
| May 31, 2025 | 30.20% |
| Feb 28, 2025 | 47.19% |
| Nov 30, 2024 | 42.01% |
| Aug 31, 2024 | 41.46% |
| May 31, 2024 | 37.20% |
| Feb 29, 2024 | 46.57% |
| Nov 30, 2023 | 41.28% |
| Aug 31, 2023 | 42.79% |
| May 31, 2023 | 37.63% |
| Feb 28, 2023 | 45.47% |
| Nov 30, 2022 | 40.42% |
| Aug 31, 2022 | 41.71% |
| May 31, 2022 | 33.18% |
| Feb 28, 2022 | 44.61% |
| Nov 30, 2021 | 39.72% |
| Aug 31, 2021 | 40.90% |
| May 31, 2021 | 36.48% |