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Saturday 31 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.

112.10 2.73 +2.50%
Market cap
$38.9B
P/E
22.2×
Fwd P/E
21.5×
Dividend yield
5.11%
F-score
6/9
Altman Z
2.88
Beneish M
−2.65
Dividend safety
60/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Paychex, Inc. (PAYX) Operating margin

Alert me on 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 0.00%.

Operating margin, annual

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Annual newest first

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 newest first

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

Against its own ten years

Low 36.0% High 41.2%
Ten-year median 38.7%
Current reading's percentile 60

Operating margin against peers

Company Operating margin
PAYX Paychex, Inc. 39.2%
PTC PTC Inc. compare 37.8%
ROP Roper Technologies, Inc. compare 28.0%
ADSK Autodesk, Inc. compare 26.2%
BSP Bending Spoons S.p.A. compare 24.3%
ZM Zoom Communications, Inc. compare 23.7%
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 0.00%
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

The full definition of Operating margin →

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