TTM
44.4%
YoY change
−1.37pp
Trough year (1988)
14.0%
Peak year (2024)
46.1%
Latest annual
44.7%
EBITDA Margin history chart for Paychex (PAYX) from 1986 to 2025
Latest: 44.7%
EBITDA Margin change chart for Paychex (PAYX) from 1986 to 2025
Latest: −1.37pp
EBITDA Margin history table for Paychex (PAYX) from 1986 to 2025
| 2025 | 44.7% | -1.37pp | ||
| 2024 | 46.1% | +1.94pp | ||
| 2023 | 44.1% | +0.07pp | ||
| 2022 | 44.1% | +3.32pp | ||
| 2021 | 40.7% | -0.60pp | ||
| 2020 | 41.3% | +0.03pp | ||
| 2019 | 41.3% | -0.98pp | ||
| 2018 | 42.3% | -1.54pp | ||
| 2017 | 43.8% | +1.23pp | ||
| 2016 | 42.6% | +0.47pp | ||
| 2015 | 42.1% | -0.85pp | ||
| 2014 | 43.0% | +0.13pp | ||
| 2013 | 42.8% | +0.44pp | ||
| 2012 | 42.4% | +0.41pp | ||
| 2011 | 42.0% | +1.21pp | ||
| 2010 | 40.8% | -2.34pp | ||
| 2009 | 43.1% | -2.16pp | ||
| 2008 | 45.3% | +2.95pp | ||
| 2007 | 42.3% | -2.12pp | ||
| 2006 | 44.4% | +2.00pp | ||
| 2005 | 42.4% | +2.63pp | ||
| 2004 | 39.8% | -4.70pp | ||
| 2003 | 44.5% | +1.46pp | ||
| 2002 | 43.0% | -0.16pp | ||
| 2001 | 43.2% | +2.64pp | ||
| 2000 | 40.6% | +21.81pp | ||
| 1999 | 18.8% | +2.45pp | ||
| 1998 | 16.3% | +0.24pp | ||
| 1997 | 16.1% | -10.68pp | ||
| 1996 | 26.7% | +3.54pp | ||
| 1995 | 23.2% | +1.78pp | ||
| 1994 | 21.4% | +1.79pp | ||
| 1993 | 19.6% | +1.84pp | ||
| 1992 | 17.8% | +1.97pp | ||
| 1991 | 15.8% | -0.40pp | ||
| 1990 | 16.2% | -3.64pp | ||
| 1989 | 19.9% | +5.88pp | ||
| 1988 | 14.0% | -7.15pp | ||
| 1987 | 21.1% | +0.81pp | ||
| 1986 | 20.3% | — |
- 202544.7%-1.37pp
- 202446.1%+1.94pp
- 202344.1%+0.07pp
- 202244.1%+3.32pp
- 202140.7%-0.60pp
- 202041.3%+0.03pp
- 201941.3%-0.98pp
- 201842.3%-1.54pp
- 201743.8%+1.23pp
- 201642.6%+0.47pp
- 201542.1%-0.85pp
- 201443.0%+0.13pp
- 201342.8%+0.44pp
- 201242.4%+0.41pp
- 201142.0%+1.21pp
- 201040.8%-2.34pp
- 200943.1%-2.16pp
- 200845.3%+2.95pp
- 200742.3%-2.12pp
- 200644.4%+2.00pp
- 200542.4%+2.63pp
- 200439.8%-4.70pp
- 200344.5%+1.46pp
- 200243.0%-0.16pp
- 200143.2%+2.64pp
- 200040.6%+21.81pp
- 199918.8%+2.45pp
- 199816.3%+0.24pp
- 199716.1%-10.68pp
- 199626.7%+3.54pp
- 199523.2%+1.78pp
- 199421.4%+1.79pp
- 199319.6%+1.84pp
- 199217.8%+1.97pp
- 199115.8%-0.40pp
- 199016.2%-3.64pp
- 198919.9%+5.88pp
- 198814.0%-7.15pp
- 198721.1%+0.81pp
- 198620.3%—
EBITDA Margin values are taken from Paychex's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at Paychex (PAYX)
According to Paychex's latest reported financial statements, the company's latest reported EBITDA margin is 44.4%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Paychex (PAYX) most recent annual EBITDA margin stands at 44.70% (2025) – contracted 1.4 percentage points year-over-year.
The record annual EBITDA margin stands at 46.07%, reached in 2024; the historical low of 13.98% was recorded in 1988.
Paychex EBITDA Margin by Year
Paychex EBITDA Margin 2025: 44.7%
2025's EBITDA margin for Paychex came in at 44.70%, contracted 1.4 percentage points from 2024.
Paychex EBITDA Margin 2024: 46.1%
Paychex posted EBITDA margin of 46.07% in 2024, expanded 1.9 percentage points from 2023. This figure represents the highest annual value in the available history.
Paychex EBITDA Margin 2023: 44.1%
In 2023, Paychex reported EBITDA margin of 44.13%, expanded 0.1 percentage points from 2022.
Paychex EBITDA Margin 2022: 44.1%
Paychex EBITDA margin in 2022 was 44.06%, expanded 3.3 percentage points from 2021.
Paychex EBITDA Margin 2021: 40.7%
Paychex EBITDA margin in 2021 was 40.74%.
See more financial history for Paychex (PAYX).
Sector peers by EBITDA Margin
Industrials peers of Paychex (PAYX), ranked by their latest EBITDA margin
| 52.5% | |
| 22.8% | |
| 22.5% | |
| 21.6% | |
| 20.7% | |
| 17.8% | |
| 17.1% | |
| 7.9% |
- 52.5%
- 22.8%
- 22.5%
- 21.6%
- 17.1%
- 7.9%
Frequently asked questions
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