Paychex (PAYX) Net Margin (2009 - 2026)

Paychex has disclosed Net Margin across 18 years of filings, most recently posting 26.2% for Q2 2026.

• In Q2 2026, Net Margin rose 537.0% year-over-year to 26.2%; the TTM figure through May 2026 stood at 27.03% (down 272.0% YoY), while the FY2026 annual figure was 27.03%, down 272.0% from the prior year.
• Net Margin came in at 26.2% for Q2 2026 at Paychex, down from 30.97% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 34.64% in Q1 2024 to a low of 20.82% in Q2 2025.
• Average Net Margin over 5 years is 29.89%, with a median of 31.1% recorded in 2026.
• Year-over-year, Net Margin slumped 4832 bps in 2022 and jumped 537 bps in 2026.
• Over 5 years, Net Margin stood at 30.27% in 2022, then gained by 3 bps to 31.22% in 2023, then climbed by 1 bps to 31.39% in 2024, then declined by 19 bps to 25.39% in 2025, then gained by 3 bps to 26.2% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 26.2% in Q2 2026, 30.97% in Q1 2026, and 25.39% in Q4 2025.