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Saturday 17 October 2026 Export PAYX’s income statement to Excel — free account

Paychex, Inc.

PAYX Technology Software Application

Paychex, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $6.5 billion, up 16.9% from fiscal 2025. In the quarter to August 2026, revenue grew 5.88%, EPS grew 13.1%, free cash flow fell 46.1% and total debt fell 8.27%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for five; insiders bought in the last twelve months.

111.63 0.85 +0.77%
Market cap
$39.4B
P/E
22.1×
Fwd P/E
17.9×
Dividend yield
4.07%
F-score
6/9
Altman Z
2.88
Beneish M
−2.65
Dividend safety
60/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Paychex, Inc. (PAYX) Net margin

Alert me on Net margin

Paychex, Inc.'s net margin over the twelve months to 31 August 2026 was 27.4%, up 0.3 percentage points from fiscal 2026 (27.0%). Over the past ten years it has ranged from 24.6% (fiscal 2015) to 32.0% (fiscal 2024); the current reading is higher than 33% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2026 27.0% (2.71)
FY2025 29.7% (2.29)
FY2024 32.0% 0.93
FY2023 31.1% 0.90
FY2022 30.2% 3.15
FY2021 27.1% (0.13)
FY2020 27.2% (0.24)
FY2019 27.4% (2.01)
FY2018 29.4% 3.22
FY2017 26.2% 0.57

Quarterly newest first

Period Net margin Change (points)
Aug 2026 26.4% 0.15
May 2026 26.2% (4.77)
Feb 2026 31.0% 5.58
Nov 2025 25.4% 0.47
43 more quarters

Against its own ten years

Low 24.6% High 32.0%
Ten-year median 27.3%
Current reading's percentile 47

Net margin against peers

Company Net margin
ZM Zoom Communications, Inc. compare 65.2%
PTC PTC Inc. compare 41.4%
ROP Roper Technologies, Inc. compare 30.2%
PAYX Paychex, Inc. 27.4%
ADSK Autodesk, Inc. compare 21.1%
SSNC SS&C Technologies Holdings, Inc. compare 13.2%
WDAY Workday, Inc. compare 12.3%
TEAM Atlassian Corporation PLC compare −0.82%
MSTR Strategy Inc compare −6,294.0%
Software Application industry median 0.00%
Technology sector median 0.00%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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