Paychex (PAYX) Net Margin (2009 - 2026)
Paychex's Net Margin was 26.35% in fiscal Q1 2027 (quarter ended Aug 31, 2026), up 1.43 percentage points from 24.92% a year earlier and up 0.16 percentage points from the prior quarter.
Paychex (PAYX) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Paychex's Net Margin was 27.35% through Aug 31, 2026, down 0.50 percentage points year-over-year; for FY2026 (ended May 31, 2026), it came in at 27.03%, down 2.72 percentage points from FY2025.
- Net Margin shows a five-year change of -0.02 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Net Margin was 29.74% in FY2025 (-2.28 pp), 32.03% in FY2024 (+0.92 pp), 31.10% in FY2023 (+0.90 pp) and 30.20% in FY2022 (+3.15 pp).
- Quarterly Net Margin has moved between 20.82% (fiscal Q4 2025) and 34.64% (fiscal Q3 2024) over five years.
- Compared with a year earlier, Net Margin was higher in three of the last eight quarters, with an average year-over-year change of -2.34 percentage points.
- The best year-over-year quarter for Net Margin over five years was fiscal Q4 2026 (a gain of 5.37 percentage points); the worst was fiscal Q4 2022 (a drop of 48.32 percentage points).
- Per Business Quant data, PAYX's Net Margin in the three fiscal quarters before Q1 2027 was 26.20% (Q4 2026), 30.97% (Q3 2026) and 25.39% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 466.81 Bn | 435.76 Bn | 1.64 Bn | 54.86% |
| 2 | Oracle | 391.66 Bn | 263.79 Bn | - | 24.19% |
| 3 | Sap Se | 264.19 Bn | 191.97 Bn | 8.40 Bn | 22.07% |
| 4 | Salesforce | 198.99 Bn | 154.86 Bn | 8.70 Bn | 31.08% |
| 5 | ServiceNow | 150.79 Bn | 129.25 Bn | 2.82 Bn | 7.47% |
| 6 | Automatic Data Processing | 115.74 Bn | 97.87 Bn | 2.51 Bn | 17.88% |
| 7 | Intuit | 90.06 Bn | 69.41 Bn | 3.44 Bn | 8.34% |
| 8 | Relx | 71.78 Bn | 70.87 Bn | - | - |
| 9 | Strategy | 51.10 Bn | 44.09 Bn | 81.55 Mn | -7,044.56% |
| 10 | Paychex | 39.54 Bn | 34.62 Bn | 1.20 Bn | 26.35% |
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% |
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();