Paychex (PAYX) Return on Capital Employed (2009 - 2026)
Paychex (PAYX) posted Return on Capital Employed of 25.1% for Q2 2026, down 1.88% sequentially from 25.58% in Q1 2026, and down 673.0% YoY from 4.38% in Q2 2025.
Paychex (PAYX) Return on Capital Employed (2009 - 2026) Analysis & Trends
Paychex has reported Return on Capital Employed for 18 years, with the latest figure at 25.1% in Q2 2026.
- Quarterly Return on Capital Employed fell 673.0% year-over-year to 25.1% in Q2 2026, while the trailing twelve-month figure through May 2026 was 25.1% (down 673.0% YoY) and the FY2026 annual result came in at 26.35%, down 753.0% from the prior year.
- Return on Capital Employed retreated to 25.1% in Q2 2026 per PAYX's latest filing, from 25.58% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 51.46% in Q3 2023 and troughed at 23.23% in Q3 2025.
- A 5-year average of 38.49% and a median of 42.25% in 2022 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2023 and 2025: Return on Capital Employed surged 1101 bps in 2023, then tumbled 1967 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 43.58% in 2022, then dropped by 1 bps to 43.26% in 2023, then fell by 1 bps to 42.68% in 2024, then sank by 45 bps to 23.42% in 2025, then gained by 7 bps to 25.1% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 25.1%, 25.58%, and 23.42% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 38.72% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 14.37% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 10.65% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.97% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 10.59% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -25.94% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -46.62% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 51.24% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 23.43% |
| 10 | Paychex | 43.39 Bn | 42.27 Bn | 1.14 Bn | 25.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 25.10% |
| Feb 28, 2026 | 25.58% |
| Nov 30, 2025 | 23.42% |
| Aug 31, 2025 | 23.23% |
| May 31, 2025 | 31.83% |
| Feb 28, 2025 | 44.38% |
| Nov 30, 2024 | 42.68% |
| Aug 31, 2024 | 42.90% |
| May 31, 2024 | 34.00% |
| Feb 29, 2024 | 47.29% |
| Nov 30, 2023 | 43.26% |
| Aug 31, 2023 | 51.46% |
| May 31, 2023 | 42.63% |
| Feb 28, 2023 | 49.96% |
| Nov 30, 2022 | 43.58% |
| Aug 31, 2022 | 40.46% |
| May 31, 2022 | 39.23% |
| Feb 28, 2022 | 41.88% |
| Nov 30, 2021 | 39.61% |
| Aug 31, 2021 | 37.32% |