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
DateValue
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%