Paychex (PAYX) Net Margin (2009 - 2026)

Paychex has disclosed Net Margin across 18 years of filings, most recently posting 30.97% for Q1 2026.

• Net Margin for Q1 2026 came in at 30.97%, down 445.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 26.26% (down 620.0% YoY), and the FY2025 annual result 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.
• The 5-year median for Net Margin is 31.91% (2022), against an average of 30.6%.
• Across the five-year window, Net Margin slumped 5380 bps in 2022 and surged 412 bps in 2023, its largest moves.
• Paychex's Net Margin stood at 30.83% in 2022, then climbed by 4 bps to 32.02% in 2023, then gained by 1 bps to 32.28% in 2024, then retreated by 19 bps to 26.3% in 2025, then climbed by 18 bps to 30.97% in 2026.
• The last three Net Margin figures came in at 30.97% (Q1 2026), 26.3% (Q4 2025), and 25.72% (Q3 2025), per Business Quant data.