Paychex (PAYX) EBT Margin (2009 - 2026)
Paychex recorded quarterly EBT Margin of 40.85% in Q1 2026, up 18.06% quarter-over-quarter from 34.6% in Q4 2025, and down 592.0% year-over-year from 8.3% in Q1 2025.
Paychex's EBT Margin history runs 18 years deep, the most recent figure standing at 40.85% for Q1 2026.
- In Q1 2026, EBT Margin fell 592.0% year-over-year to 40.85%; the TTM figure through Feb 2026 stood at 34.44% (down 807.0% YoY), while the FY2025 annual figure was 39.05%, down 297.0% from the prior year.
- EBT Margin came in at 40.85% for Q1 2026 at Paychex, up from 34.6% 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 27.28% in Q2 2025.
- A 5-year average of 40.11% and a median of 41.4% in 2022 frame the typical range for EBT Margin.
- Across the five-year window, EBT Margin jumped 574 bps in 2023 and tumbled 1070 bps in 2025, its largest moves.
- Paychex's EBT Margin stood at 40.66% in 2022, then advanced by 4 bps to 42.23% in 2023, then rose by 1 bps to 42.45% in 2024, then declined by 18 bps to 34.6% in 2025, then grew by 18 bps to 40.85% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 40.85%, 34.6%, and 33.34% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 28.74% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 23.39% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 3.76% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -20.00% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 17.85% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 29.04% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 37.86% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 30.00% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 47.29% |
| 10 | Paychex | 34.86 Bn | 33.07 Bn | 1.38 Bn | 40.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 40.85% |
| Nov 30, 2025 | 34.60% |
| Aug 31, 2025 | 33.34% |
| May 31, 2025 | 27.28% |
| Feb 28, 2025 | 46.78% |
| Nov 30, 2024 | 42.45% |
| Aug 31, 2024 | 42.25% |
| May 31, 2024 | 37.97% |
| 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 | 40.66% |
| Aug 31, 2022 | 41.40% |
| May 31, 2022 | 32.75% |
| Feb 28, 2022 | 43.94% |
| Nov 30, 2021 | 39.48% |
| Aug 31, 2021 | 40.99% |
| May 31, 2021 | 35.66% |
| Feb 28, 2021 | 41.61% |
| Nov 30, 2020 | 35.54% |
| Aug 31, 2020 | 30.10% |
| May 31, 2020 | 32.77% |
| Feb 29, 2020 | 41.39% |
| Nov 30, 2019 | 34.71% |
| Aug 31, 2019 | 35.44% |
| May 31, 2019 | 31.67% |
| Feb 28, 2019 | 39.76% |
| Nov 30, 2018 | 36.01% |
| Aug 31, 2018 | 38.15% |
| May 31, 2018 | 36.79% |
| Feb 28, 2018 | 39.66% |
| Nov 30, 2017 | 37.96% |
| Aug 31, 2017 | 40.99% |
| May 31, 2017 | 38.30% |
| Feb 28, 2017 | 38.68% |
| Nov 30, 2016 | 41.05% |
| Aug 31, 2016 | 41.31% |
| May 31, 2016 | 37.23% |
| Feb 29, 2016 | 38.03% |
| Nov 30, 2015 | 41.59% |
| Aug 31, 2015 | 41.15% |
| May 31, 2015 | 37.22% |
| Feb 28, 2015 | 37.75% |
| Nov 30, 2014 | 40.16% |
| Aug 31, 2014 | 40.95% |
| May 31, 2014 | 35.95% |
| Feb 28, 2014 | 39.41% |
| Nov 30, 2013 | 41.21% |
| Aug 31, 2013 | 42.50% |
| May 31, 2013 | 36.43% |
| Feb 28, 2013 | 38.87% |
| Nov 30, 2012 | 40.73% |
| Aug 31, 2012 | 41.49% |
| May 31, 2012 | 36.56% |
| Feb 29, 2012 | 37.23% |
| Nov 30, 2011 | 41.01% |
| Aug 31, 2011 | 41.88% |
| May 31, 2011 | 35.24% |
| Feb 28, 2011 | 38.57% |
| Nov 30, 2010 | 41.08% |
| Aug 31, 2010 | 39.01% |
| May 31, 2010 | 36.25% |
| Feb 28, 2010 | 33.36% |
| Nov 30, 2009 | 40.21% |
| Aug 31, 2009 | 39.22% |
| May 31, 2009 | 36.43% |
| Feb 28, 2009 | 38.75% |