TTM
35.7%
YoY change
+4.08pp
Trough year (FY1991)
-1.2%
Peak year (FY2026)
35.7%
Latest annual
35.7%
FCF Margin history chart for Paychex (PAYX) from 2017 to 2026
Latest: 35.7%
FCF Margin change chart for Paychex (PAYX) from 2017 to 2026
Latest: +4.08pp
FCF Margin history table for Paychex (PAYX) from 1990 to 2026
| FY2026 | 35.7% | +4.08pp | ||
| FY2025 | 31.6% | -1.32pp | ||
| FY2024 | 32.9% | +1.81pp | ||
| FY2023 | 31.1% | +1.31pp | ||
| FY2022 | 29.8% | +1.53pp | ||
| FY2021 | 28.2% | -4.28pp | ||
| FY2020 | 32.5% | +1.62pp | ||
| FY2019 | 30.9% | -2.30pp | ||
| FY2018 | 33.2% | +5.71pp | ||
| FY2017 | 27.5% | -3.70pp | ||
| FY2016 | 31.2% | +2.26pp | ||
| FY2015 | 28.9% | -2.71pp | ||
| FY2014 | 31.6% | +6.85pp | ||
| FY2013 | 24.8% | -2.88pp | ||
| FY2012 | 27.7% | -1.69pp | ||
| FY2011 | 29.4% | +1.89pp | ||
| FY2010 | 27.5% | -2.49pp | ||
| FY2009 | 30.0% | -1.12pp | ||
| FY2008 | 31.1% | +1.82pp | ||
| FY2007 | 29.3% | +0.12pp | ||
| FY2006 | 29.1% | +1.66pp | ||
| FY2005 | 27.5% | +1.25pp | ||
| FY2004 | 26.2% | -3.74pp | ||
| FY2003 | 30.0% | +3.85pp | ||
| FY2002 | 26.1% | -3.73pp | ||
| FY2001 | 29.9% | +0.17pp | ||
| FY2000 | 29.7% | +16.75pp | ||
| FY1999 | 12.9% | +2.00pp | ||
| FY1998 | 10.9% | -0.47pp | ||
| FY1997 | 11.4% | -1.78pp | ||
| FY1996 | 13.2% | -0.21pp | ||
| FY1995 | 13.4% | +3.18pp | ||
| FY1994 | 10.2% | -0.68pp | ||
| FY1993 | 10.9% | +4.26pp | ||
| FY1992 | 6.6% | +7.87pp | ||
| FY1991 | -1.2% | -0.49pp | ||
| FY1990 | -0.7% | — |
- FY202635.7%+4.08pp
- FY202531.6%-1.32pp
- FY202432.9%+1.81pp
- FY202331.1%+1.31pp
- FY202229.8%+1.53pp
- FY202128.2%-4.28pp
- FY202032.5%+1.62pp
- FY201930.9%-2.30pp
- FY201833.2%+5.71pp
- FY201727.5%-3.70pp
- FY201631.2%+2.26pp
- FY201528.9%-2.71pp
- FY201431.6%+6.85pp
- FY201324.8%-2.88pp
- FY201227.7%-1.69pp
- FY201129.4%+1.89pp
- FY201027.5%-2.49pp
- FY200930.0%-1.12pp
- FY200831.1%+1.82pp
- FY200729.3%+0.12pp
- FY200629.1%+1.66pp
- FY200527.5%+1.25pp
- FY200426.2%-3.74pp
- FY200330.0%+3.85pp
- FY200226.1%-3.73pp
- FY200129.9%+0.17pp
- FY200029.7%+16.75pp
- FY199912.9%+2.00pp
- FY199810.9%-0.47pp
- FY199711.4%-1.78pp
- FY199613.2%-0.21pp
- FY199513.4%+3.18pp
- FY199410.2%-0.68pp
- FY199310.9%+4.26pp
- FY19926.6%+7.87pp
- FY1991-1.2%-0.49pp
- FY1990-0.7%—
FCF 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 FCF Margin at Paychex (PAYX)
According to Paychex's latest reported financial statements, the company's latest reported free cash flow margin is 35.7%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
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 free cash flow margin stands at 35.65% (2026) – expanded 4.1 percentage points year-over-year.
The record annual free cash flow margin stands at 35.65%, reached in 2026; the historical low of -1.24% was recorded in 1991.
Paychex FCF Margin by Year
Paychex FCF Margin 2026: 35.7%
Paychex free cash flow margin in 2026 was 35.65%, expanded 4.1 percentage points from 2025. This figure represents the highest annual value in the available history.
Paychex FCF Margin 2025: 31.6%
2025's free cash flow margin for Paychex came in at 31.58%, contracted 1.3 percentage points from 2024.
Paychex FCF Margin 2024: 32.9%
Paychex posted free cash flow margin of 32.90% in 2024, expanded 1.8 percentage points from 2023.
Paychex FCF Margin 2023: 31.1%
In 2023, Paychex reported free cash flow margin of 31.08%, expanded 1.3 percentage points from 2022.
Paychex FCF Margin 2022: 29.8%
Paychex free cash flow margin in 2022 was 29.77%.
See more financial history for Paychex (PAYX).
Sector peers by FCF Margin
Technology peers of Paychex (PAYX), ranked by their latest free cash flow margin
| 47.0% | |
| 43.4% | |
| 29.0% | |
| 28.6% | |
| 26.7% | |
| 22.9% | |
| 22.9% |
- 47.0%
- 43.4%
- 28.6%
- 26.7%
- 22.9%
- 22.9%
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