Paychex (PAYX) Gross Margin (2019 - 2026)

Paychex has disclosed Gross Margin across 8 years of filings, most recently posting 74.01% for Q2 2026.

• In Q2 2026, Gross Margin rose 161.0% year-over-year to 74.01%; the TTM figure through May 2026 stood at 74.29% (up 193.0% YoY), while the FY2026 annual figure was 74.29%, up 193.0% from the prior year.
• Gross Margin came in at 74.01% for Q2 2026 at Paychex, down from 76.16% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 76.16% in Q1 2026 to a low of 68.54% in Q2 2022.
• Average Gross Margin over 5 years is 72.12%, with a median of 72.19% recorded in 2022.
• Year-over-year, Gross Margin tumbled 81 bps in 2024 and surged 232 bps in 2025.
• Over 5 years, Gross Margin stood at 69.81% in 2022, then grew by 2 bps to 71.05% in 2023, then grew by 0 bps to 71.21% in 2024, then gained by 3 bps to 73.54% in 2025, then gained by 1 bps to 74.01% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 74.01% in Q2 2026, 76.16% in Q1 2026, and 73.54% in Q4 2025.