Paychex PAYX
NASDAQ PAYX
$121.71 -3.37 (-2.69%)
At close: Sep 4, 2026 · 4:00 PM EDT

Paychex (PAYX) EBT Margin (2009 - 2026)

Paychex's (PAYX) quarterly EBT Margin came in at 34.52% in Q2 2026, up 724.0% year-over-year from 4.19% in Q2 2025, and down 15.51% quarter-over-quarter from 40.85% in Q1 2026.

Analysis

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

Paychex has disclosed EBT Margin across 18 years of filings, most recently posting 34.52% for Q2 2026.

  • In Q2 2026, EBT Margin rose 724.0% year-over-year to 34.52%; the TTM figure through May 2026 stood at 35.49% (down 357.0% YoY), while the FY2026 annual figure was 35.49%, down 357.0% from the prior year.
  • EBT Margin came in at 34.52% for Q2 2026 at Paychex, down from 40.85% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 45.8% in Q1 2024 to a low of 27.28% in Q2 2025.
  • Average EBT Margin over 5 years is 39.2%, with a median of 40.82% recorded in 2022.
  • Year-over-year, EBT Margin tumbled 1070 bps in 2025 and soared 724 bps in 2026.
  • Over 5 years, EBT Margin stood at 39.92% in 2022, then grew by 3 bps to 41.17% in 2023, then climbed by 0 bps to 41.29% in 2024, then fell by 19 bps to 33.4% in 2025, then gained by 3 bps to 34.52% in 2026.
  • Per Business Quant data, the three most recent EBT Margin figures were 34.52% in Q2 2026, 40.85% in Q1 2026, and 33.4% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Automatic Data Processing 110.44 Bn 106.21 Bn 2.51 Bn 22.98%
2 Paychex 43.28 Bn 42.14 Bn 1.19 Bn 34.52%
3 Paycom Software 10.27 Bn 10.07 Bn 412.40 Mn 29.54%
4 Paylocity Holding 8.11 Bn 7.84 Bn 300.38 Mn 19.15%
5 Kanzhun 7.88 Bn 5.57 Bn 306.38 Mn 103.92%
6 Alight 393.98 Mn 180.98 Mn 142.00 Mn -3.72%
7 Asure Software 267.49 Mn 247.81 Mn 25.06 Mn -10.73%
8 Dhi 194.97 Mn 191.20 Mn 25.04 Mn 9.92%
9 CXApp 5.71 Mn 5.71 Mn - -
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 34.52%
Feb 28, 2026 40.85%
Nov 30, 2025 33.40%
Aug 31, 2025 32.31%
May 31, 2025 27.28%
Feb 28, 2025 45.45%
Nov 30, 2024 41.29%
Aug 31, 2024 42.25%
May 31, 2024 37.97%
Feb 29, 2024 45.80%
Nov 30, 2023 41.17%
Aug 31, 2023 42.70%
May 31, 2023 37.70%
Feb 28, 2023 44.71%
Nov 30, 2022 39.92%
Aug 31, 2022 40.79%
May 31, 2022 33.98%
Feb 28, 2022 43.44%
Nov 30, 2021 39.48%
Aug 31, 2021 40.99%