TTM
74.3%
YoY change
+1.93pp
Trough year (FY1998)
39.2%
Peak year (FY2000)
81.2%
Latest annual
74.3%
Gross Margin history chart for Paychex (PAYX) from 2017 to 2026
Latest: 74.3%
Gross Margin change chart for Paychex (PAYX) from 2017 to 2026
Latest: +1.93pp
Gross Margin history table for Paychex (PAYX) from 1986 to 2026
| FY2026 | 74.3% | +1.93pp | ||
| FY2025 | 72.4% | +0.38pp | ||
| FY2024 | 72.0% | +0.99pp | ||
| FY2023 | 71.0% | +0.39pp | ||
| FY2022 | 70.6% | +1.93pp | ||
| FY2021 | 68.7% | +0.36pp | ||
| FY2020 | 68.3% | -0.48pp | ||
| FY2019 | 68.8% | -1.12pp | ||
| FY2018 | 69.9% | -0.92pp | ||
| FY2017 | 70.8% | -0.15pp | ||
| FY2016 | 71.0% | +0.46pp | ||
| FY2015 | 70.5% | -0.41pp | ||
| FY2014 | 70.9% | -0.22pp | ||
| FY2013 | 71.1% | +1.67pp | ||
| FY2012 | 69.5% | +0.83pp | ||
| FY2011 | 68.6% | +1.31pp | ||
| FY2010 | 67.3% | +0.01pp | ||
| FY2009 | 67.3% | -0.70pp | ||
| FY2008 | 68.0% | +0.64pp | ||
| FY2007 | 67.4% | +0.84pp | ||
| FY2006 | 66.5% | -10.66pp | ||
| FY2005 | 77.2% | +0.64pp | ||
| FY2004 | 76.6% | +1.19pp | ||
| FY2003 | 75.4% | -1.52pp | ||
| FY2002 | 76.9% | -0.08pp | ||
| FY2001 | 77.0% | -4.22pp | ||
| FY2000 | 81.2% | +40.50pp | ||
| FY1999 | 40.7% | +1.51pp | ||
| FY1998 | 39.2% | -2.48pp | ||
| FY1997 | 41.7% | -32.85pp | ||
| FY1996 | 74.5% | -0.18pp | ||
| FY1995 | 74.7% | +0.09pp | ||
| FY1994 | 74.6% | +0.93pp | ||
| FY1993 | 73.7% | +0.59pp | ||
| FY1992 | 73.1% | +3.44pp | ||
| FY1991 | 69.7% | +1.02pp | ||
| FY1990 | 68.6% | -2.12pp | ||
| FY1989 | 70.8% | +5.39pp | ||
| FY1988 | 65.4% | -6.00pp | ||
| FY1987 | 71.4% | +1.34pp | ||
| FY1986 | 70.0% | — |
- FY202674.3%+1.93pp
- FY202572.4%+0.38pp
- FY202472.0%+0.99pp
- FY202371.0%+0.39pp
- FY202270.6%+1.93pp
- FY202168.7%+0.36pp
- FY202068.3%-0.48pp
- FY201968.8%-1.12pp
- FY201869.9%-0.92pp
- FY201770.8%-0.15pp
- FY201671.0%+0.46pp
- FY201570.5%-0.41pp
- FY201470.9%-0.22pp
- FY201371.1%+1.67pp
- FY201269.5%+0.83pp
- FY201168.6%+1.31pp
- FY201067.3%+0.01pp
- FY200967.3%-0.70pp
- FY200868.0%+0.64pp
- FY200767.4%+0.84pp
- FY200666.5%-10.66pp
- FY200577.2%+0.64pp
- FY200476.6%+1.19pp
- FY200375.4%-1.52pp
- FY200276.9%-0.08pp
- FY200177.0%-4.22pp
- FY200081.2%+40.50pp
- FY199940.7%+1.51pp
- FY199839.2%-2.48pp
- FY199741.7%-32.85pp
- FY199674.5%-0.18pp
- FY199574.7%+0.09pp
- FY199474.6%+0.93pp
- FY199373.7%+0.59pp
- FY199273.1%+3.44pp
- FY199169.7%+1.02pp
- FY199068.6%-2.12pp
- FY198970.8%+5.39pp
- FY198865.4%-6.00pp
- FY198771.4%+1.34pp
- FY198670.0%—
Gross 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 Gross Margin at Paychex (PAYX)
According to Paychex's latest reported financial statements, the company's latest reported gross margin is 74.3%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2026 fiscal year, Paychex (PAYX) reported gross margin of 74.29% – expanded 1.9 percentage points year-over-year.
The record annual gross margin stands at 81.18%, reached in 2000; the historical low of 39.18% was recorded in 1998.
Paychex Gross Margin by Year
Paychex Gross Margin 2026: 74.3%
In 2026, Paychex reported gross margin of 74.29%, expanded 1.9 percentage points from 2025.
Paychex Gross Margin 2025: 72.4%
Paychex gross margin in 2025 was 72.35%, expanded 0.4 percentage points from 2024.
Paychex Gross Margin 2024: 72.0%
2024's gross margin for Paychex came in at 71.97%, expanded 1.0 percentage points from 2023.
Paychex Gross Margin 2023: 71.0%
Paychex posted gross margin of 70.98% in 2023, expanded 0.4 percentage points from 2022.
Paychex Gross Margin 2022: 70.6%
Paychex gross margin in 2022 was 70.59%.
See more financial history for Paychex (PAYX).
Sector peers by Gross Margin
Technology peers of Paychex (PAYX), ranked by their latest gross margin
| 74.1% | |
| 72.6% | |
| 68.3% | |
| 67.0% | |
| 64.2% | |
| 50.3% | |
| 47.9% |
- 74.1%
- 68.3%
- 67.0%
- 64.2%
- 50.3%
- 47.9%
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