TTM
27.0%
YoY change
-2.72pp
Trough year (FY1991)
7.0%
Peak year (FY2024)
32.0%
Latest annual
27.0%
Net Profit Margin history chart for Paychex (PAYX) from 2017 to 2026
Latest: 27.0%
Net Profit Margin change chart for Paychex (PAYX) from 2017 to 2026
Latest: -2.72pp
Net Profit Margin history table for Paychex (PAYX) from 1986 to 2026
| FY2026 | 27.0% | -2.72pp | ||
| FY2025 | 29.7% | -2.28pp | ||
| FY2024 | 32.0% | +0.92pp | ||
| FY2023 | 31.1% | +0.90pp | ||
| FY2022 | 30.2% | +3.15pp | ||
| FY2021 | 27.1% | -0.12pp | ||
| FY2020 | 27.2% | -0.24pp | ||
| FY2019 | 27.4% | -0.20pp | ||
| FY2018 | 27.6% | +1.68pp | ||
| FY2017 | 25.9% | +0.30pp | ||
| FY2016 | 25.6% | +1.00pp | ||
| FY2015 | 24.6% | -0.28pp | ||
| FY2014 | 24.9% | +0.45pp | ||
| FY2013 | 24.5% | -0.12pp | ||
| FY2012 | 24.6% | -0.15pp | ||
| FY2011 | 24.7% | +0.88pp | ||
| FY2010 | 23.8% | -1.78pp | ||
| FY2009 | 25.6% | -2.27pp | ||
| FY2008 | 27.9% | +0.57pp | ||
| FY2007 | 27.3% | -0.45pp | ||
| FY2006 | 27.8% | +2.24pp | ||
| FY2005 | 25.5% | +2.12pp | ||
| FY2004 | 23.4% | -4.65pp | ||
| FY2003 | 28.1% | -0.70pp | ||
| FY2002 | 28.7% | -0.55pp | ||
| FY2001 | 29.3% | +3.20pp | ||
| FY2000 | 26.1% | +14.26pp | ||
| FY1999 | 11.8% | +1.55pp | ||
| FY1998 | 10.3% | +0.05pp | ||
| FY1997 | 10.2% | -5.84pp | ||
| FY1996 | 16.1% | +1.48pp | ||
| FY1995 | 14.6% | +2.06pp | ||
| FY1994 | 12.5% | +2.01pp | ||
| FY1993 | 10.5% | +2.03pp | ||
| FY1992 | 8.5% | +1.49pp | ||
| FY1991 | 7.0% | -0.15pp | ||
| FY1990 | 7.2% | -2.13pp | ||
| FY1989 | 9.3% | +0.60pp | ||
| FY1988 | 8.7% | +0.71pp | ||
| FY1987 | 8.0% | -0.30pp | ||
| FY1986 | 8.3% | — |
- FY202627.0%-2.72pp
- FY202529.7%-2.28pp
- FY202432.0%+0.92pp
- FY202331.1%+0.90pp
- FY202230.2%+3.15pp
- FY202127.1%-0.12pp
- FY202027.2%-0.24pp
- FY201927.4%-0.20pp
- FY201827.6%+1.68pp
- FY201725.9%+0.30pp
- FY201625.6%+1.00pp
- FY201524.6%-0.28pp
- FY201424.9%+0.45pp
- FY201324.5%-0.12pp
- FY201224.6%-0.15pp
- FY201124.7%+0.88pp
- FY201023.8%-1.78pp
- FY200925.6%-2.27pp
- FY200827.9%+0.57pp
- FY200727.3%-0.45pp
- FY200627.8%+2.24pp
- FY200525.5%+2.12pp
- FY200423.4%-4.65pp
- FY200328.1%-0.70pp
- FY200228.7%-0.55pp
- FY200129.3%+3.20pp
- FY200026.1%+14.26pp
- FY199911.8%+1.55pp
- FY199810.3%+0.05pp
- FY199710.2%-5.84pp
- FY199616.1%+1.48pp
- FY199514.6%+2.06pp
- FY199412.5%+2.01pp
- FY199310.5%+2.03pp
- FY19928.5%+1.49pp
- FY19917.0%-0.15pp
- FY19907.2%-2.13pp
- FY19899.3%+0.60pp
- FY19888.7%+0.71pp
- FY19878.0%-0.30pp
- FY19868.3%—
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 27.0%. 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 27.03% (2026) – contracted 2.7 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 2026: 27.0%
Paychex net margin in 2026 was 27.03%, contracted 2.7 percentage points from 2025.
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%.
See more financial history for Paychex (PAYX).
Sector peers by Net Profit Margin
Technology peers of Paychex (PAYX), ranked by their latest net margin
| 63.0% | |
| 55.9% | |
| 50.3% | |
| 39.3% | |
| 38.8% | |
| 27.2% | |
| 13.4% |
- 63.0%
- 50.3%
- 39.3%
- 38.8%
- 27.2%
- 13.4%
Frequently asked questions
Paychex (PAYX) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks1.67% TTM
- Dividend Profile3.03% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History10 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.