TTM
25.8%
YoY change
−2.28pp
Trough year (1991)
7.0%
Peak year (2024)
32.0%
Latest annual
29.7%
Net Profit Margin history chart for Paychex (PAYX) from 1986 to 2025
Latest: 29.7%
Net Profit Margin change chart for Paychex (PAYX) from 1986 to 2025
Latest: −2.28pp
Net Profit Margin history table for Paychex (PAYX) from 1986 to 2025
| 2025 | 29.7% | -2.28pp | ||
| 2024 | 32.0% | +0.92pp | ||
| 2023 | 31.1% | +0.90pp | ||
| 2022 | 30.2% | +3.15pp | ||
| 2021 | 27.1% | -0.12pp | ||
| 2020 | 27.2% | -0.24pp | ||
| 2019 | 27.4% | -0.20pp | ||
| 2018 | 27.6% | +1.68pp | ||
| 2017 | 25.9% | +0.30pp | ||
| 2016 | 25.6% | +1.00pp | ||
| 2015 | 24.6% | -0.28pp | ||
| 2014 | 24.9% | +0.45pp | ||
| 2013 | 24.5% | -0.12pp | ||
| 2012 | 24.6% | -0.15pp | ||
| 2011 | 24.7% | +0.88pp | ||
| 2010 | 23.8% | -1.78pp | ||
| 2009 | 25.6% | -2.27pp | ||
| 2008 | 27.9% | +0.57pp | ||
| 2007 | 27.3% | -0.45pp | ||
| 2006 | 27.8% | +2.24pp | ||
| 2005 | 25.5% | +2.12pp | ||
| 2004 | 23.4% | -4.65pp | ||
| 2003 | 28.1% | -0.70pp | ||
| 2002 | 28.7% | -0.55pp | ||
| 2001 | 29.3% | +3.20pp | ||
| 2000 | 26.1% | +14.26pp | ||
| 1999 | 11.8% | +1.55pp | ||
| 1998 | 10.3% | +0.05pp | ||
| 1997 | 10.2% | -5.84pp | ||
| 1996 | 16.1% | +1.48pp | ||
| 1995 | 14.6% | +2.06pp | ||
| 1994 | 12.5% | +2.01pp | ||
| 1993 | 10.5% | +2.03pp | ||
| 1992 | 8.5% | +1.49pp | ||
| 1991 | 7.0% | -0.15pp | ||
| 1990 | 7.2% | -2.13pp | ||
| 1989 | 9.3% | +0.60pp | ||
| 1988 | 8.7% | +0.71pp | ||
| 1987 | 8.0% | -0.30pp | ||
| 1986 | 8.3% | — |
- 202529.7%-2.28pp
- 202432.0%+0.92pp
- 202331.1%+0.90pp
- 202230.2%+3.15pp
- 202127.1%-0.12pp
- 202027.2%-0.24pp
- 201927.4%-0.20pp
- 201827.6%+1.68pp
- 201725.9%+0.30pp
- 201625.6%+1.00pp
- 201524.6%-0.28pp
- 201424.9%+0.45pp
- 201324.5%-0.12pp
- 201224.6%-0.15pp
- 201124.7%+0.88pp
- 201023.8%-1.78pp
- 200925.6%-2.27pp
- 200827.9%+0.57pp
- 200727.3%-0.45pp
- 200627.8%+2.24pp
- 200525.5%+2.12pp
- 200423.4%-4.65pp
- 200328.1%-0.70pp
- 200228.7%-0.55pp
- 200129.3%+3.20pp
- 200026.1%+14.26pp
- 199911.8%+1.55pp
- 199810.3%+0.05pp
- 199710.2%-5.84pp
- 199616.1%+1.48pp
- 199514.6%+2.06pp
- 199412.5%+2.01pp
- 199310.5%+2.03pp
- 19928.5%+1.49pp
- 19917.0%-0.15pp
- 19907.2%-2.13pp
- 19899.3%+0.60pp
- 19888.7%+0.71pp
- 19878.0%-0.30pp
- 19868.3%—
Net Profit 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 Net Profit Margin at Paychex (PAYX)
According to Paychex's latest reported financial statements, the company's latest reported net margin is 25.8%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.
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 net margin stands at 29.74% (2025) – contracted 2.3 percentage points year-over-year.
2024 marks the peak net margin at 32.03%, with the historical low of 7.00% recorded in 1991.
Paychex Net Profit Margin by Year
Paychex Net Profit Margin 2025: 29.7%
2025's net margin for Paychex came in at 29.74%, contracted 2.3 percentage points from 2024.
Paychex Net Profit Margin 2024: 32.0%
Paychex posted net margin of 32.03% in 2024, expanded 0.9 percentage points from 2023. This figure represents the highest annual value in the available history.
Paychex Net Profit Margin 2023: 31.1%
In 2023, Paychex reported net margin of 31.10%, expanded 0.9 percentage points from 2022.
Paychex Net Profit Margin 2022: 30.2%
Paychex net margin in 2022 was 30.20%, expanded 3.1 percentage points from 2021.
Paychex Net Profit Margin 2021: 27.1%
Paychex net margin in 2021 was 27.05%.
See more financial history for Paychex (PAYX).
Sector peers by Net Profit Margin
Industrials peers of Paychex (PAYX), ranked by their latest net margin
| 29.2% | |
| 17.9% | |
| 14.0% | |
| 13.3% | |
| 11.2% | |
| 9.3% | |
| 8.0% | |
| 2.5% |
- 29.2%
- 17.9%
- 13.3%
- 8.0%
- 2.5%
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