Paychex (PAYX) FCF Margin (2009 - 2026)
Paychex's (PAYX) quarterly FCF Margin came in at 32.08% in Q2 2026, up 1223.0% year-over-year from 2.42% in Q2 2025, and down 23.8% quarter-over-quarter from 42.1% in Q1 2026.
Analysis
Paychex (PAYX) FCF Margin (2009 - 2026) Analysis & Trends
Paychex has disclosed FCF Margin across 18 years of filings, most recently posting 32.08% for Q2 2026.
- In Q2 2026, FCF Margin rose 1223.0% year-over-year to 32.08%; the TTM figure through May 2026 stood at 35.65% (up 498.0% YoY), while the FY2026 annual figure was 35.65%, up 498.0% from the prior year.
- FCF Margin came in at 32.08% for Q2 2026 at Paychex, down from 42.1% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 50.88% in Q3 2023 to a low of 13.93% in Q2 2024.
- Average FCF Margin over 5 years is 33.13%, with a median of 32.94% recorded in 2026.
- Year-over-year, FCF Margin soared 2321 bps in 2023 and sank 1628 bps in 2024.
- Over 5 years, FCF Margin stood at 26.89% in 2022, then declined by 20 bps to 21.51% in 2023, then fell by 12 bps to 18.83% in 2024, then surged by 31 bps to 24.58% in 2025, then jumped by 31 bps to 32.08% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 32.08% in Q2 2026, 42.1% in Q1 2026, and 24.58% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Automatic Data Processing | 110.44 Bn | 106.21 Bn | 2.51 Bn | 24.76% |
| 2 | Paychex | 43.28 Bn | 42.14 Bn | 1.19 Bn | 32.08% |
| 3 | Paycom Software | 10.27 Bn | 10.07 Bn | 412.40 Mn | 35.79% |
| 4 | Paylocity Holding | 8.11 Bn | 7.84 Bn | 300.38 Mn | 20.62% |
| 5 | Kanzhun | 7.88 Bn | 5.57 Bn | 306.38 Mn | 39.25% |
| 6 | Alight | 393.98 Mn | 180.98 Mn | 142.00 Mn | 9.39% |
| 7 | Asure Software | 267.49 Mn | 247.81 Mn | 25.06 Mn | 2.47% |
| 8 | Dhi | 194.97 Mn | 191.20 Mn | 25.04 Mn | 14.32% |
| 9 | CXApp | 5.71 Mn | 5.71 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 32.08% |
| Feb 28, 2026 | 42.10% |
| Nov 30, 2025 | 24.58% |
| Aug 31, 2025 | 43.02% |
| May 31, 2025 | 19.85% |
| Feb 28, 2025 | 44.22% |
| Nov 30, 2024 | 18.83% |
| Aug 31, 2024 | 38.72% |
| May 31, 2024 | 13.93% |
| Feb 29, 2024 | 43.84% |
| Nov 30, 2023 | 21.51% |
| Aug 31, 2023 | 50.88% |
| May 31, 2023 | 30.20% |
| Feb 28, 2023 | 38.96% |
| Nov 30, 2022 | 26.89% |
| Aug 31, 2022 | 27.67% |
| May 31, 2022 | 33.81% |
| Feb 28, 2022 | 45.31% |
| Nov 30, 2021 | 12.23% |
| Aug 31, 2021 | 32.80% |