Paychex (PAYX) Net Margin (2009 - 2026)
Paychex (PAYX) reported Net Margin of 27.08% for Q2 2026, up 359.0% on a YoY basis from 5.9% in Q2 2025, and down 12.58% sequentially from 30.97% in Q1 2026.
Paychex (PAYX) Net Margin (2009 - 2026) Analysis & Trends
Paychex (PAYX) has 18 years of Net Margin data on file, last reported at 27.08% in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 359.0% year-over-year to 27.08%; the trailing twelve-month figure through May 2026 stood at 27.68% (down 362.0% YoY), and the FY2026 full-year result was 27.93%, down 270.0% from the prior year.
- Net Margin retreated to 27.08% in Q2 2026, from 30.97% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 35.73% in Q1 2024 to a low of 23.48% in Q2 2025.
- A 5-year average of 30.83% and a median of 31.97% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin slumped 4904 bps in 2022 and surged 398 bps in 2024, its largest moves.
- Tracing PAYX's Net Margin over 5 years: stood at 30.27% in 2022, then climbed by 6 bps to 32.02% in 2023, then rose by 1 bps to 32.28% in 2024, then fell by 19 bps to 26.3% in 2025, then gained by 3 bps to 27.08% in 2026.
- Business Quant data shows PAYX's Net Margin at 27.08% in Q2 2026, 30.97% in Q1 2026, and 26.3% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Paychex | 39.35 Bn | 38.23 Bn | 1.14 Bn | 27.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 27.08% |
| Feb 28, 2026 | 30.97% |
| Nov 30, 2025 | 26.30% |
| Aug 31, 2025 | 25.72% |
| May 31, 2025 | 23.48% |
| Feb 28, 2025 | 35.42% |
| Nov 30, 2024 | 32.28% |
| Aug 31, 2024 | 33.36% |
| May 31, 2024 | 33.07% |
| Feb 29, 2024 | 35.73% |
| Nov 30, 2023 | 32.02% |
| Aug 31, 2023 | 33.45% |
| May 31, 2023 | 29.09% |
| Feb 28, 2023 | 34.73% |
| Nov 30, 2022 | 30.27% |
| Aug 31, 2022 | 31.91% |
| May 31, 2022 | 26.24% |
| Feb 28, 2022 | 33.75% |
| Nov 30, 2021 | 30.35% |
| Aug 31, 2021 | 31.22% |