Paychex (PAYX) Gross Margin (2019 - 2026)

Paychex (PAYX) posted Gross Margin of 73.13% for Q2 2026, down 3.98% sequentially from 76.16% in Q1 2026, and up 426.0% YoY from 13.9% in Q2 2025.

Paychex (PAYX) Gross Margin (2019 - 2026) Analysis & Trends

Paychex has reported Gross Margin for 8 years, with the latest figure at 73.13% in Q2 2026.

Quarterly Gross Margin rose 426.0% year-over-year to 73.13% in Q2 2026, while the trailing twelve-month figure through May 2026 was 73.66% (up 276.0% YoY) and the FY2026 annual result came in at 73.43%, up 190.0% from the prior year.
Gross Margin retreated to 73.13% in Q2 2026 per PAYX's latest filing, from 76.16% in the prior quarter.
Over five years, Gross Margin peaked at 76.16% in Q1 2026 and troughed at 67.34% in Q2 2024.
A 5-year average of 71.19% and a median of 70.86% in 2022 frame the typical range for Gross Margin.
The sharpest annual moves came in 2024 and 2026: Gross Margin slumped 196 bps in 2024, then surged 426 bps in 2026.
Over 5 years, Gross Margin stood at 69.81% in 2022, then climbed by 1 bps to 70.31% in 2023, then climbed by 0 bps to 70.4% in 2024, then climbed by 3 bps to 72.58% in 2025, then increased by 1 bps to 73.13% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 73.13%, 76.16%, and 72.58% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	73.08%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	47.67%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	76.92%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	44.93%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	70.68%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	66.61%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	45.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	89.20%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	84.61%
10	Paychex	43.39 Bn	42.27 Bn	1.14 Bn	73.13%

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