Paychex (PAYX) Tax Rate (2009 - 2026)
Paychex's (PAYX) quarterly Tax Rate came in at 24.11% in Q2 2026, down 361.0% year-over-year from 9.24% in Q2 2025, and little changed quarter-over-quarter from 24.18% in Q1 2026.
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Analysis
Paychex (PAYX) Tax Rate (2009 - 2026) Analysis & Trends
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 460.85 Bn | 451.55 Bn | 1.64 Bn | 1.42% |
| 2 | Oracle | 437.09 Bn | 400.44 Bn | - | 15.11% |
| 3 | Sap Se | 258.74 Bn | 237.66 Bn | 8.40 Bn | -26.51% |
| 4 | Salesforce | 195.52 Bn | 184.12 Bn | 8.70 Bn | 22.54% |
| 5 | ServiceNow | 145.61 Bn | 140.94 Bn | 2.82 Bn | 31.96% |
| 6 | Automatic Data Processing | 104.89 Bn | 100.66 Bn | 2.51 Bn | 22.20% |
| 7 | Intuit | 76.97 Bn | 69.77 Bn | 3.46 Bn | 32.78% |
| 8 | Relx | 60.41 Bn | 60.04 Bn | - | - |
| 9 | Strategy | 57.09 Bn | 54.64 Bn | 81.55 Mn | -0.02% |
| 10 | Paychex | 37.16 Bn | 36.02 Bn | 1.19 Bn | 24.11% |
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();