Paychex (PAYX) Return on Capital Employed [ROCE] (2009 - 2026)
Paychex (PAYX) reported Return on Capital Employed [ROCE] of 27.02% for fiscal Q1 2027 (quarter ended Aug 31, 2026), up 3.79 percentage points from 23.23% a year earlier and up 1.92 percentage points from the prior quarter.
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Analysis
Paychex (PAYX) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Paychex posted Return on Capital Employed [ROCE] of 26.35%, down 7.53 percentage points from FY2025.
- Return on Capital Employed [ROCE] has declined for three consecutive fiscal years, with a five-year change of -10.63 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Capital Employed [ROCE] came in at 33.87% in FY2025 (-8.29 pp), 42.17% in FY2024 (-5.27 pp), 47.44% in FY2023 (+3.23 pp) and 44.21% in FY2022 (+7.24 pp).
- The fiscal Q1 2027 figure ranks as the highest quarterly Return on Capital Employed [ROCE] since fiscal Q4 2025.
- Year over year, Return on Capital Employed [ROCE] gained in 1 of the last eight quarters, with an average year-over-year change of -8.29 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was fiscal Q1 2024 (a gain of 11.01 percentage points); the low point was fiscal Q1 2026 (a drop of 19.67 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at 25.10% (Q4 2026), 25.58% (Q3 2026) and 23.42% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 467.78 Bn | 436.73 Bn | 1.64 Bn | 28.02% |
| 2 | Oracle | 390.98 Bn | 263.11 Bn | - | 9.81% |
| 3 | Sap Se | 263.14 Bn | 190.92 Bn | 8.40 Bn | 34.43% |
| 4 | Salesforce | 198.23 Bn | 154.10 Bn | 8.70 Bn | 10.68% |
| 5 | ServiceNow | 150.00 Bn | 128.46 Bn | 2.82 Bn | 10.59% |
| 6 | Automatic Data Processing | 115.45 Bn | 97.58 Bn | 2.51 Bn | -46.62% |
| 7 | Intuit | 89.81 Bn | 69.16 Bn | 3.44 Bn | 21.09% |
| 8 | Relx | 71.52 Bn | 70.62 Bn | - | - |
| 9 | Strategy | 51.22 Bn | 44.21 Bn | 81.55 Mn | -68.70% |
| 10 | Paychex | 39.39 Bn | 34.48 Bn | 1.20 Bn | 27.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 27.02% |
| 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% |
API Access
Paychex Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=PAYX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=PAYX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();