Paychex (PAYX) Tax Rate (2009 - 2026)

Paychex has disclosed Tax Rate across 18 years of filings, most recently posting 24.11% for Q2 2026.

• In Q2 2026, Tax Rate fell 361.0% year-over-year to 24.11%; the TTM figure through May 2026 stood at 23.83% (down 73.0% YoY), while the FY2026 annual figure was 23.83%, down 73.0% from the prior year.
• Tax Rate came in at 24.11% for Q2 2026 at Paychex, roughly flat from 24.18% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 33.91% in Q2 2023 to a low of 22.3% in Q1 2022.
• Average Tax Rate over 5 years is 24.82%, with a median of 24.14% recorded in 2023.
• Year-over-year, Tax Rate sank 627 bps in 2022 and surged 1014 bps in 2023.
• Over 5 years, Tax Rate stood at 24.18% in 2022, then dropped by 0 bps to 24.17% in 2023, then slipped 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.
• Per Business Quant data, the three most recent Tax Rate figures were 24.11% in Q2 2026, 24.18% in Q1 2026, and 23.99% in Q4 2025.