Paychex (PAYX) Net Margin (2009 - 2026)
Paychex recorded quarterly Net Margin of 30.97% in Q1 2026, up 17.76% quarter-over-quarter from 26.3% in Q4 2025, and down 445.0% year-over-year from 8.98% in Q1 2025.
Paychex's Net Margin history runs 18 years deep, the most recent figure standing at 30.97% for Q1 2026.
- In Q1 2026, Net Margin fell 445.0% year-over-year to 30.97%; the TTM figure through Feb 2026 stood at 26.26% (down 620.0% YoY), while the FY2025 annual figure was 29.74%, down 228.0% from the prior year.
- Net Margin came in at 30.97% for Q1 2026 at Paychex, up from 26.3% 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 20.82% in Q2 2025.
- A 5-year average of 30.6% and a median of 31.91% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin sank 5380 bps in 2022 and soared 412 bps in 2023, its largest moves.
- Paychex's Net Margin stood at 30.83% in 2022, then grew by 4 bps to 32.02% in 2023, then advanced by 1 bps to 32.28% in 2024, then decreased by 19 bps to 26.3% in 2025, then grew by 18 bps to 30.97% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 30.97%, 26.3%, and 25.72% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 20.22% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 17.47% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -18.33% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.44% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 22.77% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 29.52% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 22.90% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 35.80% |
| 10 | Paychex | 34.86 Bn | 33.07 Bn | 1.38 Bn | 30.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 30.97% |
| Nov 30, 2025 | 26.30% |
| Aug 31, 2025 | 25.72% |
| May 31, 2025 | 20.82% |
| Feb 28, 2025 | 35.42% |
| Nov 30, 2024 | 32.28% |
| Aug 31, 2024 | 32.42% |
| May 31, 2024 | 29.33% |
| 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 | 30.83% |
| Aug 31, 2022 | 31.91% |
| May 31, 2022 | 24.96% |
| Feb 28, 2022 | 34.14% |
| Nov 30, 2021 | 29.96% |
| Aug 31, 2021 | 30.81% |
| May 31, 2021 | 78.76% |
| Feb 28, 2021 | 31.53% |
| Nov 30, 2020 | 27.69% |
| Aug 31, 2020 | 23.07% |
| May 31, 2020 | 24.80% |
| Feb 29, 2020 | 31.61% |
| Nov 30, 2019 | 26.65% |
| Aug 31, 2019 | 27.20% |
| May 31, 2019 | 23.50% |
| Feb 28, 2019 | 30.33% |
| Nov 30, 2018 | 27.45% |
| Aug 31, 2018 | 28.80% |
| May 31, 2018 | 26.29% |
| Feb 28, 2018 | 39.23% |
| Nov 30, 2017 | 24.76% |
| Aug 31, 2017 | 27.00% |
| May 31, 2017 | 24.89% |
| Feb 28, 2017 | 25.45% |
| Nov 30, 2016 | 26.59% |
| Aug 31, 2016 | 27.68% |
| May 31, 2016 | 24.02% |
| Feb 29, 2016 | 24.36% |
| Nov 30, 2015 | 26.60% |
| Aug 31, 2015 | 28.92% |
| May 31, 2015 | 23.66% |
| Feb 28, 2015 | 24.05% |
| Nov 30, 2014 | 25.58% |
| Aug 31, 2014 | 26.09% |
| May 31, 2014 | 22.83% |
| Feb 28, 2014 | 25.02% |
| Nov 30, 2013 | 26.17% |
| Aug 31, 2013 | 26.99% |
| May 31, 2013 | 21.10% |
| Feb 28, 2013 | 24.81% |
| Nov 30, 2012 | 25.97% |
| Aug 31, 2012 | 26.48% |
| May 31, 2012 | 22.80% |
| Feb 29, 2012 | 23.78% |
| Nov 30, 2011 | 26.24% |
| Aug 31, 2011 | 26.97% |
| May 31, 2011 | 22.75% |
| Feb 28, 2011 | 25.13% |
| Nov 30, 2010 | 26.78% |
| Aug 31, 2010 | 25.45% |
| May 31, 2010 | 23.94% |
| Feb 28, 2010 | 22.06% |
| Nov 30, 2009 | 26.07% |
| Aug 31, 2009 | 25.41% |
| May 31, 2009 | 23.66% |
| Feb 28, 2009 | 25.54% |