Paychex (PAYX) FCF Margin (2009 - 2026)
Paychex's (PAYX) quarterly FCF Margin came in at 44.61% in Q1 2026, down 90.0% year-on-year from 446.13% in Q1 2025, and up 39.34% quarter-over-quarter from 32.02% in Q4 2025.
Paychex (PAYX) FCF Margin (2009 - 2026) Analysis & Trends
Paychex has disclosed FCF Margin across 18 years of filings, most recently posting 44.61% for Q1 2026.
- FCF Margin for Q1 2026 came in at 44.61%, down 90.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 35.85% (up 764.0% YoY), and the FY2025 annual result was 30.67%, down 222.0% from the prior year.
- FCF Margin came in at 44.61% for Q1 2026 at Paychex, up from 32.02% 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 6.65% in Q2 2024.
- The 5-year median for FCF Margin is 35.47% (2022), against an average of 34.85%.
- Across the five-year window, FCF Margin surged 2459 bps in 2023 and tumbled 2418 bps in 2024, its largest moves.
- Paychex's FCF Margin stood at 25.25% in 2022, then declined by 4 bps to 24.24% in 2023, then decreased by 28 bps to 17.57% in 2024, then jumped by 82 bps to 32.02% in 2025, then soared by 39 bps to 44.61% in 2026.
- The last three FCF Margin figures came in at 44.61% (Q1 2026), 32.02% (Q4 2025), and 44.39% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 15.02% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 58.89% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 20.82% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 41.64% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 36.83% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 31.84% |
| 10 | Paychex | 36.04 Bn | 34.25 Bn | 1.38 Bn | 44.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 44.61% |
| Nov 30, 2025 | 32.02% |
| Aug 31, 2025 | 44.39% |
| May 31, 2025 | 19.85% |
| Feb 28, 2025 | 45.52% |
| Nov 30, 2024 | 17.57% |
| Aug 31, 2024 | 40.46% |
| May 31, 2024 | 6.65% |
| 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 | 25.25% |
| Aug 31, 2022 | 30.19% |
| May 31, 2022 | 35.47% |
| Feb 28, 2022 | 52.89% |
| Nov 30, 2021 | 9.61% |
| Aug 31, 2021 | 35.49% |
| May 31, 2021 | 48.24% |