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

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

Historic Data

Download Data
DateValue
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%