Paychex (PAYX) FCF Margin (2009 - 2026)

Paychex (PAYX) posted FCF Margin of 23.88% for Q2 2026, down 46.46% sequentially from 44.61% in Q1 2026, and up 150.0% YoY from 9.55% in Q2 2025.

Paychex (PAYX) FCF Margin (2009 - 2026) Analysis & Trends

Paychex has reported FCF Margin for 18 years, with the latest figure at 23.88% in Q2 2026.

Quarterly FCF Margin rose 150.0% year-over-year to 23.88% in Q2 2026, while the trailing twelve-month figure through May 2026 was 36.52% (up 423.0% YoY) and the FY2026 annual result came in at 36.85%, up 526.0% from the prior year.
FCF Margin declined to 23.88% in Q2 2026 per PAYX's latest filing, from 44.61% in the prior quarter.
Over five years, FCF Margin peaked at 54.78% in Q3 2023 and troughed at 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.
The sharpest annual moves came in 2023 and 2024: FCF Margin jumped 2459 bps in 2023, then slumped 1313 bps in 2024.
Over 5 years, FCF Margin stood at 24.79% in 2022, then declined by 2 bps to 24.24% in 2023, then fell by 6 bps to 22.84% in 2024, then soared by 40 bps to 32.02% in 2025, then decreased by 25 bps to 23.88% in 2026.
According to Business Quant data, FCF Margin over the past three periods registered 23.88%, 44.61%, and 32.02% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	36.13%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	18.25%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	58.89%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	19.67%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	11.86%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	16.73%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	24.76%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	31.84%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	61.18%
10	Paychex	43.39 Bn	42.27 Bn	1.14 Bn	23.88%

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