Paychex (PAYX) Tax Rate (2009 - 2026)

Paychex has disclosed Tax Rate across 18 years of filings, most recently posting 24.18% for Q1 2026.

• Tax Rate for Q1 2026 came in at 24.18%, down 10.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 23.73% (up 10.0% YoY), and the FY2025 annual result was 23.83%, up 5.0% from the prior year.
• Tax Rate came in at 24.18% for Q1 2026 at 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.
• The 5-year median for Tax Rate is 23.97% (2024), against an average of 23.67%.
• Across the five-year window, Tax Rate plunged 193 bps in 2022 and surged 200 bps in 2023, its largest moves.
• Paychex's Tax Rate stood at 24.18% in 2022, then dropped by 0 bps to 24.17% in 2023, then declined by 1 bps to 23.97% in 2024, then grew by 0 bps to 23.99% in 2025, then grew by 1 bps to 24.18% in 2026.
• The last three Tax Rate figures came in at 24.18% (Q1 2026), 23.99% (Q4 2025), and 22.85% (Q3 2025), per Business Quant data.