Paychex (PAYX) EBT Margin (2009 - 2026)
Paychex's (PAYX) quarterly EBT Margin came in at 40.85% in Q1 2026, down 592.0% year-on-year from 8.3% in Q1 2025, and up 18.06% quarter-over-quarter from 34.6% in Q4 2025.
Paychex (PAYX) EBT Margin (2009 - 2026) Analysis & Trends
Paychex has disclosed EBT Margin across 18 years of filings, most recently posting 40.85% for Q1 2026.
- EBT Margin for Q1 2026 came in at 40.85%, down 592.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 34.44% (down 807.0% YoY), and the FY2025 annual result 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.
- The 5-year median for EBT Margin is 41.4% (2022), against an average of 40.11%.
- Across the five-year window, EBT Margin soared 574 bps in 2023 and plunged 1070 bps in 2025, its largest moves.
- Paychex's EBT Margin stood at 40.66% in 2022, then gained by 4 bps to 42.23% in 2023, then increased by 1 bps to 42.45% in 2024, then dropped by 18 bps to 34.6% in 2025, then climbed by 18 bps to 40.85% in 2026.
- The last three EBT Margin figures came in at 40.85% (Q1 2026), 34.6% (Q4 2025), and 33.34% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.74% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 3.76% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -20.00% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 24.25% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.04% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 17.85% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 30.00% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Paychex | 36.04 Bn | 34.25 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% |