Paychex (PAYX) EBT Margin (2009 - 2026)
Paychex (PAYX) reported EBT Margin of 35.68% for Q2 2026, up 492.0% on a YoY basis from 6.03% in Q2 2025, and down 12.67% sequentially from 40.85% in Q1 2026.
Paychex (PAYX) EBT Margin (2009 - 2026) Analysis & Trends
Paychex (PAYX) has 18 years of EBT Margin data on file, last reported at 35.68% in Q2 2026.
- For the quarter ending Q2 2026, EBT Margin rose 492.0% year-over-year to 35.68%; the trailing twelve-month figure through May 2026 stood at 36.35% (down 476.0% YoY), and the FY2026 full-year result was 36.67%, down 355.0% from the prior year.
- EBT Margin eased to 35.68% in Q2 2026, from 40.85% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 47.24% in Q1 2024 to a low of 30.76% in Q2 2025.
- A 5-year average of 40.42% and a median of 41.82% in 2023 frame the typical range for EBT Margin.
- Across the five-year window, EBT Margin tumbled 1205 bps in 2025 and surged 492 bps in 2026, its largest moves.
- Tracing PAYX's EBT Margin over 5 years: stood at 39.92% in 2022, then increased by 6 bps to 42.23% in 2023, then grew by 1 bps to 42.45% in 2024, then slipped by 18 bps to 34.6% in 2025, then rose by 3 bps to 35.68% in 2026.
- Business Quant data shows PAYX's EBT Margin at 35.68% in Q2 2026, 40.85% in Q1 2026, and 34.6% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.74% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -20.00% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 3.76% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 24.44% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 10.99% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 30.00% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.33% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.04% |
| 10 | Paychex | 39.35 Bn | 38.23 Bn | 1.14 Bn | 35.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 35.68% |
| Feb 28, 2026 | 40.85% |
| Nov 30, 2025 | 34.60% |
| Aug 31, 2025 | 33.34% |
| May 31, 2025 | 30.76% |
| Feb 28, 2025 | 46.78% |
| Nov 30, 2024 | 42.45% |
| Aug 31, 2024 | 43.49% |
| May 31, 2024 | 42.81% |
| Feb 29, 2024 | 47.24% |
| Nov 30, 2023 | 42.23% |
| Aug 31, 2023 | 43.81% |
| May 31, 2023 | 38.48% |
| Feb 28, 2023 | 45.88% |
| Nov 30, 2022 | 39.92% |
| Aug 31, 2022 | 41.40% |
| May 31, 2022 | 34.42% |
| Feb 28, 2022 | 43.44% |
| Nov 30, 2021 | 39.99% |
| Aug 31, 2021 | 41.55% |