Paychex (PAYX) EBT Margin (2009 - 2026)

Paychex (PAYX) posted EBT Margin of 35.68% for Q2 2026, down 12.67% sequentially from 40.85% in Q1 2026, and up 492.0% YoY from 6.03% in Q2 2025.

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

Paychex has reported EBT Margin for 18 years, with the latest figure at 35.68% in Q2 2026.

Quarterly EBT Margin rose 492.0% year-over-year to 35.68% in Q2 2026, while the trailing twelve-month figure through May 2026 was 36.35% (down 476.0% YoY) and the FY2026 annual result came in at 36.67%, down 355.0% from the prior year.
EBT Margin eased to 35.68% in Q2 2026 per PAYX's latest filing, from 40.85% in the prior quarter.
Over five years, EBT Margin peaked at 47.24% in Q1 2024 and troughed at 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.
The sharpest annual moves came in 2025 and 2026: EBT Margin sank 1205 bps in 2025, then jumped 492 bps in 2026.
Over 5 years, EBT Margin stood at 39.92% in 2022, then advanced by 6 bps to 42.23% in 2023, then gained by 1 bps to 42.45% in 2024, then fell by 18 bps to 34.6% in 2025, then climbed by 3 bps to 35.68% in 2026.
According to Business Quant data, EBT Margin over the past three periods registered 35.68%, 40.85%, and 34.6% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	EBT Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	29.61%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	49.54%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	24.44%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	23.09%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	10.99%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	-21.33%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	22.98%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	33.82%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	47.29%
10	Paychex	43.39 Bn	42.27 Bn	1.14 Bn	35.68%

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