Paychex, Inc. PAYX
101.37
(0.22)
(0.22%)
as of 25 Sep
- Market cap
- $36.0B
- P/E
- 20.1×
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Dividend Champion (10y)
Cash Flow Champion (5y)
Revenue Champion (10y)
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Paychex, Inc. (PAYX) Operating margin
Paychex, Inc.'s operating margin over the twelve months to 31 August 2026 was 39.2%, up 0.6 percentage points from fiscal 2026 (38.6%). Over the past ten years it has ranged from 36.0% (fiscal 2021) to 41.2% (fiscal 2024); the current reading is higher than 50% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.08%.
Operating margin, annual
Annual
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2026 | 38.6% | (1.07) |
| FY2025 | 39.6% | (1.57) |
| FY2024 | 41.2% | 0.59 |
| FY2023 | 40.6% | 0.70 |
| FY2022 | 39.9% | 3.89 |
| FY2021 | 36.0% | (0.14) |
| FY2020 | 36.2% | (0.20) |
| FY2019 | 36.4% | (1.89) |
| FY2018 | 38.2% | (1.53) |
| FY2017 | 39.8% | 0.93 |
Quarterly
| Period | Operating margin | Change (points) |
|---|---|---|
| Aug 2026 | 38.0% | 0.32 |
| May 2026 | 37.7% | (6.12) |
| Feb 2026 | 43.8% | 7.06 |
| Nov 2025 | 36.7% | 1.53 |
| 43 more quarters | Free account |
Against its own ten years
Low 36.0%
High 41.2%
Ten-year median
38.7%
Current reading's percentile
50
Operating margin against peers
| Company | Operating margin |
|---|---|
| FICO Fair Isaac Corporation compare | 51.7% |
| PAYX Paychex, Inc. | 39.2% |
| ROP Roper Technologies, Inc. compare | 28.0% |
| ADSK Autodesk, Inc. compare | 26.2% |
| ZM Zoom Communications, Inc. compare | 23.7% |
| SSNC SS&C Technologies Holdings, Inc. compare | 23.6% |
| WDAY Workday, Inc. compare | 10.7% |
| TEAM Atlassian Corporation PLC compare | 0.16% |
| MSTR Strategy Inc compare | −7,295.4% |
| Software Application industry median | 0.00% |
| Technology sector median | 0.08% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on PAYX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement