Paychex (PAYX) FCF Margin (2009 - 2026)
Paychex (PAYX) reported FCF Margin of 23.88% for Q2 2026, up 150.0% on a YoY basis from 9.55% in Q2 2025, and down 46.46% sequentially from 44.61% in Q1 2026.
Paychex (PAYX) FCF Margin (2009 - 2026) Analysis & Trends
Paychex (PAYX) has 18 years of FCF Margin data on file, last reported at 23.88% in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 150.0% year-over-year to 23.88%; the trailing twelve-month figure through May 2026 stood at 36.52% (up 423.0% YoY), and the FY2026 full-year result was 36.85%, up 526.0% from the prior year.
- FCF Margin declined to 23.88% in Q2 2026, from 44.61% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 54.78% in Q3 2023 to a low of 18.92% in Q2 2024.
- A 5-year average of 34.6% and a median of 31.42% in 2023 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin surged 2459 bps in 2023 and plunged 1313 bps in 2024, its largest moves.
- Tracing PAYX's FCF Margin over 5 years: stood at 24.79% in 2022, then decreased by 2 bps to 24.24% in 2023, then slipped by 6 bps to 22.84% in 2024, then soared by 40 bps to 32.02% in 2025, then declined by 25 bps to 23.88% in 2026.
- Business Quant data shows PAYX's FCF Margin at 23.88% in Q2 2026, 44.61% in Q1 2026, and 32.02% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 39.26% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 15.02% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 17.31% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 58.89% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 11.86% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 36.83% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 16.73% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 20.82% |
| 10 | Paychex | 39.35 Bn | 38.23 Bn | 1.14 Bn | 23.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 23.88% |
| Feb 28, 2026 | 44.61% |
| Nov 30, 2025 | 32.02% |
| Aug 31, 2025 | 44.39% |
| May 31, 2025 | 22.38% |
| Feb 28, 2025 | 40.91% |
| Nov 30, 2024 | 22.84% |
| Aug 31, 2024 | 41.65% |
| May 31, 2024 | 18.92% |
| Feb 29, 2024 | 47.76% |
| Nov 30, 2023 | 24.24% |
| Aug 31, 2023 | 54.78% |
| May 31, 2023 | 30.83% |
| Feb 28, 2023 | 39.98% |
| Nov 30, 2022 | 24.79% |
| Aug 31, 2022 | 30.19% |
| May 31, 2022 | 26.37% |
| Feb 28, 2022 | 52.29% |
| Nov 30, 2021 | 12.39% |
| Aug 31, 2021 | 33.25% |