Paychex (PAYX) EBITDA Margin (2009 - 2026)

Paychex (PAYX) posted EBITDA Margin of 38.93% for Q2 2026, down 11.09% sequentially from 43.78% in Q1 2026, and up 487.0% YoY from 6.63% in Q2 2025.

Paychex (PAYX) EBITDA Margin (2009 - 2026) Analysis & Trends

Paychex has reported EBITDA Margin for 18 years, with the latest figure at 38.93% in Q2 2026.

Quarterly EBITDA Margin rose 487.0% year-over-year to 38.93% in Q2 2026, while the trailing twelve-month figure through May 2026 was 39.49% (down 222.0% YoY) and the FY2026 annual result came in at 39.84%, down 97.0% from the prior year.
EBITDA Margin slipped to 38.93% in Q2 2026 per PAYX's latest filing, from 43.78% in the prior quarter.
Over five years, EBITDA Margin peaked at 47.19% in Q1 2025 and troughed at 34.06% in Q2 2025.
A 5-year average of 41.06% and a median of 41.82% in 2022 frame the typical range for EBITDA Margin.
The sharpest annual moves came in 2025 and 2026: EBITDA Margin tumbled 788 bps in 2025, then jumped 487 bps in 2026.
Over 5 years, EBITDA Margin stood at 39.68% in 2022, then gained by 4 bps to 41.28% in 2023, then gained by 2 bps to 42.01% in 2024, then retreated by 9 bps to 38.04% in 2025, then gained by 2 bps to 38.93% in 2026.
According to Business Quant data, EBITDA Margin over the past three periods registered 38.93%, 43.78%, and 38.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	EBITDA Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	27.70%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	13.62%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	21.08%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	13.32%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	4.06%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	-23.45%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	-33.33%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	33.82%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	46.97%
10	Paychex	43.39 Bn	42.27 Bn	1.14 Bn	38.93%

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