Paychex (PAYX) Tax Rate (2009 - 2026)
Paychex (PAYX) posted Tax Rate of 23.95% for fiscal Q1 2027 (quarter ended Aug 31, 2026), up 1.09 percentage points from 22.85% a year earlier but down 0.16 percentage points from the prior quarter.
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Analysis
Paychex (PAYX) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Aug 31, 2026, Tax Rate at Paychex was 24.07%, up 0.32 percentage points year-over-year; for FY2026 (ended May 31, 2026), it came in at 23.83%, unchanged from FY2025.
- Annual Tax Rate shows a five-year change of +0.36 percentage points (FY2021 to FY2026).
- In prior fiscal years, Paychex's Tax Rate was 23.83% in FY2025 (+0.05 pp), 23.79% in FY2024 (-0.18 pp), 23.97% in FY2023 (+0.30 pp) and 23.67% in FY2022 (+0.19 pp).
- Quarterly Tax Rate has run from a low of 22.30% in fiscal Q3 2022 to a high of 24.42% in fiscal Q4 2023 over five years.
- On a year-over-year basis, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of +0.21 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was fiscal Q2 2022, with a gain of 2.03 percentage points; the weakest was fiscal Q3 2022, with a drop of 1.93 percentage points.
- According to Business Quant data, Tax Rate for the three prior fiscal quarters was 24.11% (Q4 2026), 24.18% (Q3 2026) and 23.99% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 373.01 Bn | 337.83 Bn | 1.93 Bn | 1.18% |
| 2 | Oracle | 343.83 Bn | 215.96 Bn | - | 15.11% |
| 3 | Sap Se | 284.17 Bn | 211.56 Bn | 8.64 Bn | - |
| 4 | Salesforce | 182.25 Bn | 138.13 Bn | 8.70 Bn | 22.54% |
| 5 | Automatic Data Processing | 123.04 Bn | 109.84 Bn | 2.53 Bn | 22.66% |
| 6 | ServiceNow | 105.90 Bn | 85.16 Bn | 2.90 Bn | 25.14% |
| 7 | Intuit | 97.51 Bn | 76.85 Bn | 3.44 Bn | 32.78% |
| 8 | Relx | 75.90 Bn | 74.99 Bn | - | - |
| 9 | Thomson Reuters | 52.87 Bn | 48.84 Bn | - | - |
| 10 | Paychex | 42.46 Bn | 37.54 Bn | 1.20 Bn | 23.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 23.95% |
| May 31, 2026 | 24.11% |
| Feb 28, 2026 | 24.18% |
| Nov 30, 2025 | 23.99% |
| Aug 31, 2025 | 22.85% |
| May 31, 2025 | 23.66% |
| Feb 28, 2025 | 24.28% |
| Nov 30, 2024 | 23.97% |
| Aug 31, 2024 | 23.28% |
| May 31, 2024 | 22.75% |
| Feb 29, 2024 | 24.36% |
| Nov 30, 2023 | 24.17% |
| Aug 31, 2023 | 23.66% |
| May 31, 2023 | 24.42% |
| Feb 28, 2023 | 24.30% |
| Nov 30, 2022 | 24.18% |
| Aug 31, 2022 | 22.93% |
| May 31, 2022 | 23.77% |
| Feb 28, 2022 | 22.30% |
| Nov 30, 2021 | 24.11% |
API Access
Paychex Tax Rate 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=tax-rate&ticker=PAYX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=PAYX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();