Growth Metrics

Paychex (PAYX) Net Margin (2016 - 2026)

Paychex (PAYX) has disclosed Net Margin for 18 consecutive years, with 30.97% as the latest value for Q1 2026.

  • Quarterly Net Margin fell 445.0% to 30.97% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 26.26% through Feb 2026, down 620.0% year-over-year, with the annual reading at 29.74% for FY2025, 228.0% down from the prior year.
  • Net Margin hit 30.97% in Q1 2026 for 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.
  • Historically, Net Margin has averaged 30.6% across 5 years, with a median of 31.91% in 2022.
  • Biggest five-year swings in Net Margin: plummeted -5380bps in 2022 and later skyrocketed 412bps in 2023.
  • Year by year, Net Margin stood at 30.83% in 2022, then increased by 4bps to 32.02% in 2023, then rose by 1bps to 32.28% in 2024, then fell by -19bps to 26.3% in 2025, then increased by 18bps to 30.97% in 2026.
  • Business Quant data shows Net Margin for PAYX at 30.97% in Q1 2026, 26.3% in Q4 2025, and 25.72% in Q3 2025.