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Paychex, Inc. (PAYX) Gross margin

annual gross margin:

72.35%+0.38%(+0.53%)
May 31, 2025

Summary

  • As of today (August 3, 2025), PAYX annual gross profit margin is 72.35%, with the most recent change of +0.38% (+0.53%) on May 31, 2025.
  • During the last 3 years, PAYX annual gross margin has risen by +1.76% (+2.49%).
  • PAYX annual gross margin is now -10.88% below its all-time high of 81.18%, reached on May 31, 2000.

Performance

1-year change

+0.53%

3-year change

+2.49%

5-year change

+5.93%

15-year change

+3.56%

PAYX Gross margin Chart

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Highlights

Sector rank

79.77%
PAYX annual gross profit margin is higher than 79.77% of companies in Technology sector

Range

All-time high

81.18%
PAYX annual gross profit margin is currently -10.88% below its historical high of 81.18%

3-year low

70.59%
PAYX annual gross profit margin is currently +2.49% above its 3-year low

Earnings dates

Last annual earnings report date

May 31, 2025
PAYX previous annual earnings announcement was published on May 31, 2025

Next annual earnings report date

N/A
PAYX next annual earnings announcement has not yet been scheduled

OtherPAYXprofitability metrics

Annual revenue

$5.57B
PAYX annual revenue is $5.57 billion

Annual gross profit

$4.03B
PAYX annual gross profit is $4.03 billion

annual operating margin

39.62%
PAYX annual operating profit margin is 39.62%

annual net margin

29.75%
PAYX annual net profit margin is 29.75%

quarterly gross margin:

72.40%-1.93%(-2.60%)
May 31, 2025

Summary

  • As of today (August 3, 2025), PAYX quarterly gross profit margin is 72.40%, with the most recent change of -1.93% (-2.60%) on May 31, 2025.
  • Over the past year, PAYX quarterly gross margin has increased by +1.37% (+1.93%).
  • PAYX quarterly gross margin is now -11.75% below its all-time high of 82.04%, reached on August 31, 2000.

Performance

3-month change

-2.6%

1-year change

+1.93%

3-year change

+5.63%

5-year change

+6.28%

PAYX quarterly gross margin Chart

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Highlights

Sector rank

77.62%
PAYX quarterly gross profit margin is higher than 77.62% of companies in Technology sector

Range

All-time high

82.04%
PAYX quarterly gross profit margin is currently -11.75% below its historical high of 82.04%

3-year low

68.54%
PAYX quarterly gross profit margin is currently +5.63% above its 3-year low

Earnings dates

Last quarterly earnings report date

May 31, 2025
PAYX previous earnings announcement was published on May 31, 2025

Next quarterly earnings report date

Oct 1, 2025
PAYX next earnings announcement is scheduled for Oct 1, 2025

OtherPAYXprofitability metrics

Quarterly revenue

$1.43B
PAYX quarterly revenue is $1.43 billion

quarterly gross profit

$1.03B
PAYX quarterly gross profit is $1.03 billion

quarterly operating margin

30.20%
PAYX quarterly operating profit margin is 30.20%

Quarterly net margin

20.82%
PAYX quarterly net profit margin is 20.82%

Gross margin Formula

Gross Margin =  Gross Profit
Revenue ✕ 100%

annual gross margin

72.35%
PAYX annual gross profit margin is 72.35%

Annual gross profit

$4.03B
PAYX annual gross profit is $4.03 billion

Annual revenue

$5.57B
PAYX annual revenue is $5.57 billion

PAYX Gross margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1 y1 year+0.5%+1.9%
3 y3 years+2.5%+5.6%
5 y5 years+5.9%+6.3%

PAYX Gross margin Highs & Lows

PeriodPeriodAnnual vs highAnnual vs highAnnual vs lowAnnual vs lowQuarter. vs highQuarter. vs highQuarter. vs lowQuarter. vs low
3 y3-yearat high+2.5%-2.6%+5.6%
5 y5-yearat high+5.9%-2.6%+8.0%
alltimeall time-10.9%+73.7%-11.8%+250.8%

PAYX Gross margin History

DateAnnualQuarterly
May 2025
72.35%(+0.5%)
72.40%(-2.6%)
Feb 2025
-
74.33%(+4.4%)
Nov 2024
-
71.21%(+0.0%)
Aug 2024
-
71.18%(+0.2%)
May 2024
71.97%(+1.4%)
71.03%(-3.5%)
Feb 2024
-
73.61%(+3.6%)
Nov 2023
-
71.05%(-1.3%)
Aug 2023
-
71.99%(+2.9%)
May 2023
-
69.93%(-4.2%)
May 2023
70.98%(+0.6%)
-
Feb 2023
-
73.00%(+4.6%)
Nov 2022
-
69.81%(-1.5%)
Aug 2022
-
70.90%(+3.4%)
May 2022
70.59%(+2.8%)
68.54%(-5.3%)
Feb 2022
-
72.40%(+3.3%)
Nov 2021
-
70.09%(-1.5%)
Aug 2021
-
71.14%(+2.6%)
May 2021
68.67%(+0.5%)
69.32%(-1.6%)
Feb 2021
-
70.46%(+4.4%)
Nov 2020
-
67.48%(+0.6%)
Aug 2020
-
67.06%(-1.6%)
May 2020
68.30%(-0.7%)
68.12%(-3.0%)
Feb 2020
-
70.22%(+4.2%)
Nov 2019
-
67.36%(+0.2%)
Aug 2019
-
67.20%(+0.1%)
May 2019
68.78%(-1.5%)
67.15%(-3.5%)
Feb 2019
-
69.61%(+0.7%)
Nov 2018
-
69.16%(-0.1%)
Aug 2018
-
69.23%(+0.9%)
May 2018
69.86%(-1.4%)
68.62%(-3.2%)
Feb 2018
-
70.92%(+2.7%)
Nov 2017
-
69.04%(-2.4%)
Aug 2017
-
70.74%(-0.5%)
May 2017
70.84%(-0.2%)
71.11%(+1.2%)
Feb 2017
-
70.24%(-0.6%)
Nov 2016
-
70.66%(-1.0%)
Aug 2016
-
71.34%(+0.8%)
May 2016
70.96%(+0.6%)
70.78%(+1.1%)
Feb 2016
-
69.98%(-2.2%)
Nov 2015
-
71.59%(+0.1%)
Aug 2015
-
71.55%(+1.4%)
May 2015
70.51%(-0.6%)
70.59%(+0.8%)
Feb 2015
-
70.04%(-0.7%)
Nov 2014
-
70.56%(-0.4%)
Aug 2014
-
70.86%(+2.7%)
May 2014
70.92%(-0.3%)
69.01%(-2.3%)
Feb 2014
-
70.63%(-1.7%)
Nov 2013
-
71.84%(-0.6%)
Aug 2013
-
72.29%(+2.6%)
May 2013
71.14%(+1.7%)
70.44%(-1.0%)
Feb 2013
-
71.14%(-0.2%)
Nov 2012
-
71.27%(-0.6%)
Aug 2012
-
71.72%(+3.4%)
May 2012
69.95%(+1.8%)
69.34%(-0.1%)
Feb 2012
-
69.41%(-0.3%)
Nov 2011
-
69.59%(-1.8%)
Aug 2011
-
70.86%(+0.8%)
May 2011
68.74%(+2.1%)
70.33%(+3.5%)
Feb 2011
-
67.94%(-0.4%)
Nov 2010
-
68.20%(-0.2%)
Aug 2010
-
68.35%(-1.9%)
May 2010
67.33%(+1.9%)
69.66%(+4.5%)
Feb 2010
-
66.69%(+0.5%)
Nov 2009
-
66.34%(-0.1%)
Aug 2009
-
66.43%(+1.7%)
May 2009
66.10%(+0.4%)
65.30%(-1.0%)
Feb 2009
-
65.93%(-0.3%)
Nov 2008
-
66.16%(-1.2%)
Aug 2008
-
66.96%(+18.2%)
May 2008
65.85%(-2.3%)
56.65%(-16.5%)
Feb 2008
-
67.87%(-0.2%)
Nov 2007
-
68.01%(-0.8%)
Aug 2007
-
68.59%(-6.0%)
May 2007
67.38%
72.98%(+13.0%)
Feb 2007
-
64.58%(-3.4%)
DateAnnualQuarterly
Nov 2006
-
66.84%(-1.4%)
Aug 2006
-
67.76%(+1.4%)
May 2006
66.54%(+1.6%)
66.85%(+1.0%)
Feb 2006
-
66.21%(+0.1%)
Nov 2005
-
66.15%(-1.2%)
Aug 2005
-
66.95%(-0.2%)
May 2005
65.47%(+2.0%)
67.09%(+2.8%)
Feb 2005
-
65.27%(+1.0%)
Nov 2004
-
64.63%(-0.2%)
Aug 2004
-
64.75%(+131.8%)
May 2004
64.19%(-14.7%)
27.93%(-63.7%)
Feb 2004
-
76.87%(+0.9%)
Nov 2003
-
76.15%(-0.9%)
Aug 2003
-
76.82%(+9.4%)
May 2003
75.25%(-2.1%)
70.22%(-7.7%)
Feb 2003
-
76.10%(-0.3%)
Nov 2002
-
76.33%(-2.0%)
Aug 2002
-
77.86%(+0.7%)
May 2002
76.89%(-0.1%)
77.29%(+0.9%)
Feb 2002
-
76.63%(+0.2%)
Nov 2001
-
76.51%(-0.8%)
Aug 2001
-
77.11%(+19.8%)
May 2001
76.97%(-5.2%)
64.36%(-20.1%)
Feb 2001
-
80.56%(-1.6%)
Nov 2000
-
81.89%(-0.2%)
Aug 2000
-
82.04%(+1.1%)
May 2000
81.18%(+1.4%)
81.14%(+0.4%)
Feb 2000
-
80.85%(-0.4%)
Nov 1999
-
81.15%(-0.6%)
Aug 1999
-
81.61%(+0.3%)
May 1999
80.07%(+1.6%)
81.39%(+2.4%)
Feb 1999
-
79.48%(-0.2%)
Nov 1998
-
79.64%(+0.0%)
Aug 1998
-
79.61%(-265.8%)
May 1998
78.84%(+89.2%)
-48.01%(-233.5%)
Feb 1998
-
35.96%(-8.0%)
Nov 1997
-
39.07%(-3.7%)
Aug 1997
-
40.58%(-5.5%)
May 1997
41.66%(-5.3%)
42.93%(+5.6%)
Feb 1997
-
40.64%(-2.8%)
Nov 1996
-
41.83%(+0.2%)
Aug 1996
-
41.75%(+91.5%)
May 1996
44.00%(-41.1%)
21.80%(-70.4%)
Feb 1996
-
73.62%(-0.7%)
Nov 1995
-
74.17%(-1.4%)
Aug 1995
-
75.20%(+0.7%)
May 1995
74.70%(+0.1%)
74.69%(+2.5%)
Feb 1995
-
72.89%(-3.3%)
Nov 1994
-
75.39%(-0.8%)
Aug 1994
-
75.99%(+1.5%)
May 1994
74.61%(+1.3%)
74.87%(+2.2%)
Feb 1994
-
73.26%(-3.0%)
Nov 1993
-
75.51%(+0.9%)
Aug 1993
-
74.86%(+0.9%)
May 1993
73.68%(+0.8%)
74.16%(+3.9%)
Feb 1993
-
71.40%(-3.7%)
Nov 1992
-
74.18%(-1.2%)
Aug 1992
-
75.06%(+0.4%)
May 1992
73.09%(+4.9%)
74.76%(+6.0%)
Feb 1992
-
70.50%(-4.0%)
Nov 1991
-
73.47%(-0.3%)
Aug 1991
-
73.68%(+3.6%)
May 1991
69.66%(+1.5%)
71.10%(+6.3%)
Feb 1991
-
66.86%(-5.5%)
Nov 1990
-
70.75%(+0.1%)
Aug 1990
-
70.69%(+2.6%)
May 1990
68.64%(-3.0%)
68.91%(+6.3%)
Feb 1990
-
64.84%(-6.7%)
Nov 1989
-
69.49%(-2.4%)
Aug 1989
-
71.23%
May 1989
70.75%(+8.2%)
-
May 1988
65.37%(-8.4%)
-
May 1987
71.36%(+1.9%)
-
May 1986
70.02%(+3.8%)
-
May 1985
67.48%(+2.8%)
-
May 1984
65.62%
-

FAQ

  • What is Paychex, Inc. annual gross profit margin?
  • What is the all time high annual gross margin for Paychex, Inc.?
  • What is Paychex, Inc. annual gross margin year-on-year change?
  • What is Paychex, Inc. quarterly gross profit margin?
  • What is the all time high quarterly gross margin for Paychex, Inc.?
  • What is Paychex, Inc. quarterly gross margin year-on-year change?

What is Paychex, Inc. annual gross profit margin?

The current annual gross margin of PAYX is 72.35%

What is the all time high annual gross margin for Paychex, Inc.?

Paychex, Inc. all-time high annual gross profit margin is 81.18%

What is Paychex, Inc. annual gross margin year-on-year change?

Over the past year, PAYX annual gross profit margin has changed by +0.38% (+0.53%)

What is Paychex, Inc. quarterly gross profit margin?

The current quarterly gross margin of PAYX is 72.40%

What is the all time high quarterly gross margin for Paychex, Inc.?

Paychex, Inc. all-time high quarterly gross profit margin is 82.04%

What is Paychex, Inc. quarterly gross margin year-on-year change?

Over the past year, PAYX quarterly gross profit margin has changed by +1.37% (+1.93%)
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