Paychex (PAYX) EBITDA Margin (2009 - 2026)
Paychex's (PAYX) quarterly EBITDA Margin came in at 31.8% in Q1 2026, down 378.0% year-on-year from 11.44% in Q1 2025, and up 18.68% quarter-over-quarter from 26.79% in Q4 2025.
Paychex (PAYX) EBITDA Margin (2009 - 2026) Analysis & Trends
Paychex has disclosed EBITDA Margin across 18 years of filings, most recently posting 31.8% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 31.8%, down 378.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 27.66% (down 584.0% YoY), and the FY2025 annual result was 31.39%, down 92.0% from the prior year.
- EBITDA Margin came in at 31.8% for Q1 2026 at Paychex, up from 26.79% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 37.33% in Q3 2024 to a low of 17.65% in Q2 2022.
- The 5-year median for EBITDA Margin is 31.37% (2024), against an average of 30.44%.
- Across the five-year window, EBITDA Margin jumped 1512 bps in 2023 and plunged 969 bps in 2025, its largest moves.
- Paychex's EBITDA Margin stood at 28.53% in 2022, then climbed by 17 bps to 33.32% in 2023, then slipped by 6 bps to 31.37% in 2024, then retreated by 15 bps to 26.79% in 2025, then gained by 19 bps to 31.8% in 2026.
- The last three EBITDA Margin figures came in at 31.8% (Q1 2026), 26.79% (Q4 2025), and 27.64% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA 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 | -18.49% |
| 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 | 12.12% |
| 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 | 31.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 31.80% |
| Nov 30, 2025 | 26.79% |
| Aug 31, 2025 | 27.64% |
| May 31, 2025 | 23.34% |
| Feb 28, 2025 | 35.58% |
| Nov 30, 2024 | 31.37% |
| Aug 31, 2024 | 37.33% |
| May 31, 2024 | 29.34% |
| Feb 29, 2024 | 37.31% |
| Nov 30, 2023 | 33.32% |
| Aug 31, 2023 | 31.60% |
| May 31, 2023 | 32.76% |
| Feb 28, 2023 | 34.29% |
| Nov 30, 2022 | 28.53% |
| Aug 31, 2022 | 28.76% |
| May 31, 2022 | 17.65% |
| Feb 28, 2022 | 30.11% |
| Nov 30, 2021 | 26.23% |
| Aug 31, 2021 | 30.19% |
| May 31, 2021 | 26.56% |