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Paychex (PAYX) Tax Rate (2016 - 2026)

Paychex (PAYX) has disclosed Tax Rate for 18 consecutive years, with 24.18% as the latest value for Q1 2026.

  • Quarterly Tax Rate fell 10.0% to 24.18% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 23.73% through Feb 2026, up 10.0% year-over-year, with the annual reading at 23.83% for FY2025, 5.0% up from the prior year.
  • Tax Rate hit 24.18% in Q1 2026 for Paychex, up from 23.99% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 24.42% in Q2 2023 to a low of 22.3% in Q1 2022.
  • Historically, Tax Rate has averaged 23.67% across 5 years, with a median of 23.97% in 2024.
  • Biggest five-year swings in Tax Rate: tumbled -193bps in 2022 and later skyrocketed 200bps in 2023.
  • Year by year, Tax Rate stood at 24.18% in 2022, then fell by 0bps to 24.17% in 2023, then dropped by -1bps to 23.97% in 2024, then rose by 0bps to 23.99% in 2025, then rose by 1bps to 24.18% in 2026.
  • Business Quant data shows Tax Rate for PAYX at 24.18% in Q1 2026, 23.99% in Q4 2025, and 22.85% in Q3 2025.