Paychex (PAYX) Tax Rate (2009 - 2026)

Paychex (PAYX) posted Tax Rate of 24.11% for Q2 2026, little changed sequentially from 24.18% in Q1 2026, and up 13292.0% YoY from N/an in Q2 2025.

Paychex (PAYX) Tax Rate (2009 - 2026) Analysis & Trends

Paychex has reported Tax Rate for 18 years, with the latest figure at 24.11% in Q2 2026.

Quarterly Tax Rate rose 13292.0% year-over-year to 24.11% in Q2 2026, while the trailing twelve-month figure through May 2026 was 23.83% (up 2370.0% YoY) and the FY2026 annual result came in at 23.83%, up 2370.0% from the prior year.
Tax Rate steadied at 24.11% in Q2 2026 per PAYX's latest filing, from 24.18% in the prior quarter.
Over five years, Tax Rate peaked at 24.42% in Q2 2023 and troughed at 108.81% in Q2 2025.
A 5-year average of 16.34% and a median of 23.98% in 2024 frame the typical range for Tax Rate.
The sharpest annual moves came in 2025 and 2026: Tax Rate plunged 13156 bps in 2025, then surged 13292 bps in 2026.
Over 5 years, Tax Rate stood at 24.18% in 2022, then fell by 0 bps to 24.17% in 2023, then retreated by 1 bps to 23.97% in 2024, then rose by 0 bps to 23.99% in 2025, then climbed by 0 bps to 24.11% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 24.11%, 24.18%, and 23.99% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	-27.76%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	15.38%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	22.57%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	25.63%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	31.96%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	0.37%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	22.20%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	23.50%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	24.29%
10	Paychex	43.39 Bn	42.27 Bn	1.14 Bn	24.11%

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