Paychex (PAYX) Net Margin (2009 - 2026)
Paychex's (PAYX) quarterly Net Margin came in at 26.2% in Q2 2026, up 537.0% year-over-year from 4.11% in Q2 2025, and down 15.42% quarter-over-quarter from 30.97% in Q1 2026.
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Analysis
Paychex (PAYX) Net Margin (2009 - 2026) Analysis & Trends
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 460.85 Bn | 451.55 Bn | 1.64 Bn | 55.08% |
| 2 | Oracle | 437.09 Bn | 400.44 Bn | - | 24.19% |
| 3 | Sap Se | 258.74 Bn | 237.66 Bn | 8.40 Bn | 22.07% |
| 4 | Salesforce | 195.52 Bn | 184.12 Bn | 8.70 Bn | 31.08% |
| 5 | ServiceNow | 145.61 Bn | 140.94 Bn | 2.82 Bn | 7.47% |
| 6 | Automatic Data Processing | 104.89 Bn | 100.66 Bn | 2.51 Bn | 17.88% |
| 7 | Intuit | 76.97 Bn | 69.77 Bn | 3.46 Bn | 8.34% |
| 8 | Relx | 60.41 Bn | 60.04 Bn | - | - |
| 9 | Strategy | 57.09 Bn | 54.64 Bn | 81.55 Mn | -7,044.56% |
| 10 | Paychex | 37.16 Bn | 36.02 Bn | 1.19 Bn | 26.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 26.35% |
| May 31, 2026 | 26.20% |
| Feb 28, 2026 | 30.97% |
| Nov 30, 2025 | 25.39% |
| Aug 31, 2025 | 24.92% |
| May 31, 2025 | 20.82% |
| Feb 28, 2025 | 34.41% |
| Nov 30, 2024 | 31.39% |
| Aug 31, 2024 | 32.42% |
| May 31, 2024 | 29.33% |
| Feb 29, 2024 | 34.64% |
| Nov 30, 2023 | 31.22% |
| Aug 31, 2023 | 32.60% |
| May 31, 2023 | 28.50% |
| Feb 28, 2023 | 33.85% |
| Nov 30, 2022 | 30.27% |
| Aug 31, 2022 | 31.44% |
| May 31, 2022 | 25.90% |
| Feb 28, 2022 | 33.75% |
| Nov 30, 2021 | 29.96% |
API Access
Paychex Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=PAYX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "PAYX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=PAYX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();