Paychex (PAYX) Tax Rate (2009 - 2026)
Paychex recorded quarterly Tax Rate of 24.18% in Q1 2026, up 0.79% quarter-over-quarter from 23.99% in Q4 2025, and down 10.0% year-over-year from 26.87% in Q1 2025.
Paychex's Tax Rate history runs 18 years deep, the most recent figure standing at 24.18% for Q1 2026.
- In Q1 2026, Tax Rate fell 10.0% year-over-year to 24.18%; the TTM figure through Feb 2026 stood at 23.73% (up 10.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 23.67% and a median of 23.97% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate tumbled 193 bps in 2022 and soared 200 bps in 2023, its largest moves.
- Paychex's Tax Rate stood at 24.18% in 2022, then declined by 0 bps to 24.17% in 2023, then fell by 1 bps to 23.97% in 2024, then increased by 0 bps to 23.99% in 2025, then increased by 1 bps to 24.18% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 24.18%, 23.99%, and 22.85% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 25.31 |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 39.11 |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 8.36 |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 30.31 |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 21.59 |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 22.01 |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 23.68 |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 24.29 |
| 10 | Paychex | 34.86 Bn | 33.07 Bn | 1.38 Bn | 24.18 |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 24.18 |
| Feb 28, 2026 | 24.18 |
| Nov 30, 2025 | 23.99 |
| Nov 30, 2025 | 23.99 |
| Aug 31, 2025 | 22.85 |
| Aug 31, 2025 | 22.85 |
| May 31, 2025 | 23.66 |
| May 31, 2025 | 23.66 |
| Feb 28, 2025 | 24.28 |
| Feb 28, 2025 | 24.28 |
| Nov 30, 2024 | 23.97 |
| Nov 30, 2024 | 23.97 |
| Aug 31, 2024 | 23.28 |
| Aug 31, 2024 | 23.28 |
| May 31, 2024 | 22.75 |
| May 31, 2024 | 22.75 |
| Feb 29, 2024 | 24.36 |
| Feb 29, 2024 | 24.36 |
| Nov 30, 2023 | 24.17 |
| Nov 30, 2023 | 24.17 |
| Aug 31, 2023 | 23.66 |
| Aug 31, 2023 | 23.66 |
| May 31, 2023 | 24.42 |
| May 31, 2023 | 24.42 |
| Feb 28, 2023 | 24.30 |
| Feb 28, 2023 | 24.30 |
| Nov 30, 2022 | 24.18 |
| Nov 30, 2022 | 24.18 |
| Aug 31, 2022 | 22.93 |
| Aug 31, 2022 | 22.93 |
| May 31, 2022 | 23.17 |
| May 31, 2022 | 23.17 |
| Feb 28, 2022 | 22.30 |
| Feb 28, 2022 | 22.30 |
| Nov 30, 2021 | 24.11 |
| Nov 30, 2021 | 24.11 |
| Aug 31, 2021 | 24.85 |
| Aug 31, 2021 | 24.85 |
| May 31, 2021 | 23.97 |
| May 31, 2021 | 23.97 |
| Feb 28, 2021 | 24.23 |
| Feb 28, 2021 | 24.23 |
| Nov 30, 2020 | 22.08 |
| Nov 30, 2020 | 22.08 |
| Aug 31, 2020 | 23.36 |
| Aug 31, 2020 | 23.36 |
| May 31, 2020 | 24.31 |
| May 31, 2020 | 24.31 |
| Feb 29, 2020 | 23.63 |
| Feb 29, 2020 | 23.63 |
| Nov 30, 2019 | 23.23 |
| Nov 30, 2019 | 23.23 |
| Aug 31, 2019 | 23.26 |
| Aug 31, 2019 | 23.26 |
| May 31, 2019 | 25.80 |
| May 31, 2019 | 25.80 |
| Feb 28, 2019 | 23.73 |
| Feb 28, 2019 | 23.73 |
| Nov 30, 2018 | 23.76 |
| Nov 30, 2018 | 23.76 |
| Aug 31, 2018 | 24.49 |
| Aug 31, 2018 | 24.49 |
| May 31, 2018 | 0.89 |
| May 31, 2018 | 0.89 |
| Feb 28, 2018 | 1.10 |
| Feb 28, 2018 | 1.10 |
| Nov 30, 2017 | 34.78 |
| Nov 30, 2017 | 34.78 |
| Aug 31, 2017 | 34.13 |
| Aug 31, 2017 | 34.13 |
| May 31, 2017 | 35.01 |
| May 31, 2017 | 35.01 |
| Feb 28, 2017 | 34.21 |
| Feb 28, 2017 | 34.21 |
| Nov 30, 2016 | 35.22 |
| Nov 30, 2016 | 35.22 |
| Aug 31, 2016 | 33.00 |
| Aug 31, 2016 | 33.00 |
| May 31, 2016 | 35.49 |
| May 31, 2016 | 35.49 |
| Feb 29, 2016 | 35.96 |
| Feb 29, 2016 | 35.96 |
| Nov 30, 2015 | 36.04 |
| Nov 30, 2015 | 36.04 |
| Aug 31, 2015 | 29.71 |
| Aug 31, 2015 | 29.71 |
| May 31, 2015 | 36.44 |
| May 31, 2015 | 36.44 |
| Feb 28, 2015 | 36.29 |
| Feb 28, 2015 | 36.29 |
| Nov 30, 2014 | 36.30 |
| Nov 30, 2014 | 36.30 |
| Aug 31, 2014 | 36.30 |
| Aug 31, 2014 | 36.30 |
| May 31, 2014 | 36.48 |
| May 31, 2014 | 36.48 |
| Feb 28, 2014 | 36.52 |
| Feb 28, 2014 | 36.52 |
| Nov 30, 2013 | 36.49 |
| Nov 30, 2013 | 36.49 |
| Aug 31, 2013 | 36.48 |
| Aug 31, 2013 | 36.48 |
| May 31, 2013 | 42.07 |
| May 31, 2013 | 42.07 |
| Feb 28, 2013 | 36.17 |
| Feb 28, 2013 | 36.17 |
| Nov 30, 2012 | 36.22 |
| Nov 30, 2012 | 36.22 |
| Aug 31, 2012 | 36.18 |
| Aug 31, 2012 | 36.18 |
| May 31, 2012 | 37.63 |
| May 31, 2012 | 37.63 |
| Feb 29, 2012 | 36.13 |
| Feb 29, 2012 | 36.13 |
| Nov 30, 2011 | 36.01 |
| Nov 30, 2011 | 36.01 |
| Aug 31, 2011 | 35.60 |
| Aug 31, 2011 | 35.60 |
| May 31, 2011 | 35.45 |
| May 31, 2011 | 35.45 |
| Feb 28, 2011 | 34.83 |
| Feb 28, 2011 | 34.83 |
| Nov 30, 2010 | 34.81 |
| Nov 30, 2010 | 34.81 |
| Aug 31, 2010 | 34.77 |
| Aug 31, 2010 | 34.77 |
| May 31, 2010 | 33.96 |
| May 31, 2010 | 33.96 |
| Feb 28, 2010 | 33.88 |
| Feb 28, 2010 | 33.88 |
| Nov 30, 2009 | 35.17 |
| Nov 30, 2009 | 35.17 |
| Aug 31, 2009 | 35.22 |
| Aug 31, 2009 | 35.22 |
| May 31, 2009 | 35.06 |
| May 31, 2009 | 35.06 |
| Feb 28, 2009 | 34.10 |
| Feb 28, 2009 | 34.10 |