What is the current annual gross margin of PAYX?

As of today, PAYX annual gross margin is 72.35%

What is 1-year change in PAYX annual gross margin?

PAYX annual gross margin is up +0.53% year-over-year

What is 3-year change in PAYX annual gross margin?

PAYX annual gross margin is up +2.49% over the past 3 years

How far is PAYX annual gross margin from its all-time high?

PAYX annual gross margin is currently -6.00% below its historical high of 76.97% set on May 31, 2001

How does PAYX annual gross margin rank versus sector peers?

PAYX annual gross margin is higher than 82.57% of companies in Technology sector

When is PAYX next annual earnings release?

As of today, the next annual earnings release for PAYX has not been scheduled

What is the current quarterly gross margin of PAYX?

As of today, PAYX quarterly gross margin is 73.54%

What is PAYX quarterly gross margin most recent change?

PAYX quarterly gross margin was up +0.56% on November 30, 2025

What is 1-year change in PAYX quarterly gross margin?

PAYX quarterly gross margin is up +3.27% year-over-year

How far is PAYX quarterly gross margin from its all-time high?

PAYX quarterly gross margin is currently -5.55% below its historical high of 77.86% set on August 31, 2002

How does PAYX quarterly gross margin rank versus sector peers?

PAYX quarterly gross margin is higher than 83.36% of companies in Technology sector

When is PAYX next earnings release?

The next earnings release for PAYX is on March 26, 2026

Paychex, Inc. (PAYX) Gross Margin History & Chart Since 1983

Annual Gross Margin

72.35%0.38%+0.53%

May 31, 2025

Summary

Current Value: As of today, PAYX annual gross margin is 72.35%, up +0.53% on May 31, 2025
Historical Performance: PAYX annual gross margin is up +2.49% over the past 3 years, and up +5.93% over the past 5 years
All-Time High Comparison: PAYX annual gross margin is currently -6.00% below its historical high of 76.97% set on May 31, 2001
3-Year Low Comparison: PAYX annual gross margin is +2.49% above its 3-year low of 70.59% reached on an earlier date
Sector Comparison: PAYX annual gross margin is higher than 82.57% of companies in Technology sector

Gross Margin Chart

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Performance

PAYX Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	May 31, 25	72.35%	+0.5%	+2.5%	+5.9%	+7.5%
Quarterly Gross Margin	Nov 30, 25	73.54%	+3.3%	+5.3%	+9.0%	+6.7%
Price	Feb 6, 26	$98.53	-34.3%	-15.5%	+7.5%	+196.2%
PE Ratio	Feb 6, 26	22.33	-29.3%	-22.6%	-28.5%	-8.7%
Annual Revenue	May 31, 25	$5.57B	+5.6%	+20.8%	+37.9%	+178.9%
Annual Gross Profit	May 31, 25	$4.03B	+6.1%	+23.8%	+46.1%	+199.9%
Annual Operating Margin	May 31, 25	42.54%	+3.3%	+6.6%	+17.7%	+17.8%
Annual Net Margin	May 31, 25	29.75%	-7.1%	-1.5%	+9.5%	+24.6%

Gross Margin Highs

PAYX Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	72.35%	May 31, 25	at high
5Y	72.35%	May 31, 25	at high
All	76.97%	May 31, 01	-6.0%

Gross Margin Lows

PAYX Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	70.59%	N/A	+2.5%
5Y	68.30%	N/A	+5.9%
All	36.44%	May 31, 98	+98.5%

Gross Margin History

Year	Value	Change
2025	72.35%	+0.5%
2024	71.97%	+1.4%
2023	70.98%	+0.6%
2022	70.59%	+2.8%
2021	68.67%	+0.5%
2020	68.30%	-0.7%
2019	68.78%	-1.5%
2018	69.86%	-1.4%
2017	70.82%	-0.2%
2016	70.96%	+0.6%
2015	70.51%	-0.6%
2014	70.92%	-0.3%
2013	71.14%	+2.4%
2012	69.47%	+1.2%
2011	68.62%	+2.0%
2010	67.28%	-0.0%
2009	67.31%	-0.9%
2008	67.92%	+0.8%
2007	67.35%	+1.2%
2006	66.53%	+1.6%
2005	65.47%	-14.5%
2004	76.56%	+0.9%

Year	Value	Change
2003	75.84%	-1.4%
2002	76.89%	-0.1%
2001	76.97%	+102.6%
2000	38.00%	+0.3%
1999	37.89%	+4.0%
1998	36.44%	-6.0%
1997	38.75%	-44.8%
1996	70.25%	-0.5%
1995	70.58%	+1.4%
1994	69.61%	+2.3%
1993	68.05%	+1.6%
1992	66.99%	+5.4%
1991	63.54%	+1.6%
1990	62.54%	-3.6%
1989	64.85%	-0.1%
1988	64.93%	-1.6%
1987	66.00%	+1.7%
1986	64.92%	+2.8%
1985	63.13%	+0.9%
1984	62.54%	+1.3%
1983	61.72%	-

FAQ

What is the current annual gross margin of PAYX?
As of today, PAYX annual gross margin is 72.35%
What is 1-year change in PAYX annual gross margin?
PAYX annual gross margin is up +0.53% year-over-year
What is 3-year change in PAYX annual gross margin?
PAYX annual gross margin is up +2.49% over the past 3 years
How far is PAYX annual gross margin from its all-time high?
PAYX annual gross margin is currently -6.00% below its historical high of 76.97% set on May 31, 2001
How does PAYX annual gross margin rank versus sector peers?
PAYX annual gross margin is higher than 82.57% of companies in Technology sector
When is PAYX next annual earnings release?
As of today, the next annual earnings release for PAYX has not been scheduled

Quarterly Gross Margin

73.54%0.41%+0.56%

November 30, 2025

Summary

Current Value: As of today, PAYX quarterly gross margin is 73.54%, up +0.56% on November 30, 2025
Historical Performance: PAYX quarterly gross margin is up +3.27% year-over-year, and up +5.34% over the past 3 years
All-Time High Comparison: PAYX quarterly gross margin is currently -5.55% below its historical high of 77.86% set on August 31, 2002
3-Year Low Comparison: PAYX quarterly gross margin is +5.34% above its 3-year low of 69.81% reached on an earlier date
Sector Comparison: PAYX quarterly gross margin is higher than 83.36% of companies in Technology sector

Performance

PAYX Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Nov 30, 25	73.54%	+0.6%	+3.3%	+5.3%	+9.0%
Annual Gross Margin	May 31, 25	72.35%	–	+0.5%	+2.5%	+5.9%
Price	Feb 6, 26	$98.53	-12.7%	-34.3%	-15.5%	+7.5%
PE Ratio	Feb 6, 26	22.33	-11.8%	-29.3%	-22.6%	-28.5%
Quarterly Revenue	Nov 30, 25	$1.56B	+1.1%	+18.3%	+30.9%	+58.3%
Quarterly Gross Profit	Nov 30, 25	$1.15B	+1.7%	+22.1%	+37.8%	+72.5%
Quarterly Operating Margin	Nov 30, 25	41.67%	+2.4%	+2.0%	+5.0%	+15.7%
Quarterly Net Margin	Nov 30, 25	25.39%	+1.9%	-19.1%	-16.1%	-8.3%

Quarterly Gross Margin Highs

PAYX Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	74.33%	Feb 28, 25	-1.1%
3Y	74.33%	Feb 28, 25	-1.1%
5Y	74.33%	Feb 28, 25	-1.1%
All	77.86%	Aug 31, 02	-5.5%

Quarterly Gross Margin Lows

PAYX Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	71.21%	N/A	+3.3%
3Y	69.81%	N/A	+5.3%
5Y	67.48%	N/A	+9.0%
All	1.53%	May 31, 99	+4706.5%

Quarterly Gross Margin History

Month	Value	Change
Nov 2025	73.54%	+0.6%
Aug 2025	73.13%	+1.0%
May 2025	72.40%	-2.6%
Feb 2025	74.33%	+4.4%
Nov 2024	71.21%	+0.0%
Aug 2024	71.18%	+0.2%
May 2024	71.03%	-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%
Feb 2023	73.00%	+4.6%
Nov 2022	69.81%	-1.5%
Aug 2022	70.90%	+3.4%
May 2022	68.54%	-5.3%
Feb 2022	72.40%	+3.3%
Nov 2021	70.09%	-1.5%
Aug 2021	71.14%	+2.6%
May 2021	69.32%	-1.6%
Feb 2021	70.46%	+4.4%
Nov 2020	67.48%	+0.6%
Aug 2020	67.06%	-1.6%
May 2020	68.12%	-3.0%
Feb 2020	70.22%	+4.2%
Nov 2019	67.36%	+0.2%
Aug 2019	67.20%	+0.1%
May 2019	67.15%	-3.5%
Feb 2019	69.61%	+0.7%
Nov 2018	69.16%	-0.1%
Aug 2018	69.23%	+0.9%
May 2018	68.62%	-3.2%
Feb 2018	70.92%	+2.7%
Nov 2017	69.04%	-2.4%
Aug 2017	70.74%	-0.4%
May 2017	71.02%	+1.1%
Feb 2017	70.24%	-0.6%
Nov 2016	70.66%	-1.0%
Aug 2016	71.34%	+0.8%
May 2016	70.78%	+1.1%
Feb 2016	69.98%	-2.2%
Nov 2015	71.59%	+0.1%
Aug 2015	71.55%	+1.4%
May 2015	70.59%	+0.8%
Feb 2015	70.04%	-0.7%
Nov 2014	70.56%	-0.4%
Aug 2014	70.86%	+6.7%
May 2014	66.42%	-8.0%
Feb 2014	72.18%	-0.5%
Nov 2013	72.53%	-0.5%
Aug 2013	72.91%	+2.9%
May 2013	70.84%	-0.2%
Feb 2013	70.99%	-0.2%
Nov 2012	71.15%	-0.6%
Aug 2012	71.60%	+3.9%
May 2012	68.90%	0.0%
Feb 2012	68.90%	-1.2%
Nov 2011	69.73%	-0.9%
Aug 2011	70.34%	+3.7%
May 2011	67.84%	-1.2%
Feb 2011	68.64%	-0.4%
Nov 2010	68.93%	-0.2%
Aug 2010	69.09%	+3.0%
May 2010	67.07%	-0.7%
Feb 2010	67.52%	+0.5%
Nov 2009	67.20%	-0.2%
Aug 2009	67.33%	+1.5%
May 2009	66.34%	-0.9%
Feb 2009	66.97%	-0.7%
Nov 2008	67.41%	-1.5%
Aug 2008	68.44%	+1.4%
May 2008	67.49%	-0.3%
Feb 2008	67.67%	-0.5%
Nov 2007	67.98%	-0.9%

Month	Value	Change
Aug 2007	68.58%	+1.5%
May 2007	67.56%	+0.4%
Feb 2007	67.30%	+0.8%
Nov 2006	66.79%	-1.4%
Aug 2006	67.75%	+1.4%
May 2006	66.82%	+1.0%
Feb 2006	66.18%	+0.0%
Nov 2005	66.15%	-1.2%
Aug 2005	66.95%	-0.2%
May 2005	67.09%	+2.8%
Feb 2005	65.27%	-15.2%
Nov 2004	76.98%	+0.4%
Aug 2004	76.70%	+138.6%
May 2004	32.14%	-58.2%
Feb 2004	76.87%	+0.9%
Nov 2003	76.15%	-0.9%
Aug 2003	76.82%	+154.3%
May 2003	30.21%	-59.8%
Feb 2003	75.12%	-1.6%
Nov 2002	76.33%	-2.0%
Aug 2002	77.86%	+0.8%
May 2002	77.27%	+0.8%
Feb 2002	76.63%	+0.2%
Nov 2001	76.51%	-0.8%
Aug 2001	77.11%	+0.4%
May 2001	76.84%	+0.7%
Feb 2001	76.28%	-1.4%
Nov 2000	77.37%	-0.1%
Aug 2000	77.47%	+1.6%
May 2000	76.27%	+0.2%
Feb 2000	76.08%	+0.1%
Nov 1999	76.01%	-0.4%
Aug 1999	76.34%	+4,889.5%
May 1999	1.53%	-97.0%
Feb 1999	51.65%	+1.9%
Nov 1998	50.69%	+2.5%
Aug 1998	49.43%	+873.0%
May 1998	5.08%	-89.5%
Feb 1998	48.60%	-2.4%
Nov 1997	49.81%	-3.6%
Aug 1997	51.67%	+20.4%
May 1997	42.93%	+5.6%
Feb 1997	40.64%	-2.8%
Nov 1996	41.83%	+0.2%
Aug 1996	41.75%	+91.5%
May 1996	21.80%	-70.4%
Feb 1996	73.62%	-0.7%
Nov 1995	74.17%	-1.4%
Aug 1995	75.20%	+0.7%
May 1995	74.69%	+2.5%
Feb 1995	72.89%	-3.3%
Nov 1994	75.39%	-0.8%
Aug 1994	75.99%	+1.5%
May 1994	74.87%	+2.2%
Feb 1994	73.26%	-3.0%
Nov 1993	75.51%	+0.9%
Aug 1993	74.86%	+0.9%
May 1993	74.16%	+3.9%
Feb 1993	71.40%	-3.7%
Nov 1992	74.18%	-1.2%
Aug 1992	75.06%	+0.4%
May 1992	74.76%	+6.0%
Feb 1992	70.50%	-4.0%
Nov 1991	73.47%	-0.3%
Aug 1991	73.68%	+3.6%
May 1991	71.10%	+6.3%
Feb 1991	66.86%	-5.5%
Nov 1990	70.75%	+0.1%
Aug 1990	70.69%	+2.6%
May 1990	68.91%	+6.3%
Feb 1990	64.84%	-6.7%
Nov 1989	69.49%	-2.4%
Aug 1989	71.23%	-

FAQ

What is the current quarterly gross margin of PAYX?
As of today, PAYX quarterly gross margin is 73.54%
What is PAYX quarterly gross margin most recent change?
PAYX quarterly gross margin was up +0.56% on November 30, 2025
What is 1-year change in PAYX quarterly gross margin?
PAYX quarterly gross margin is up +3.27% year-over-year
How far is PAYX quarterly gross margin from its all-time high?
PAYX quarterly gross margin is currently -5.55% below its historical high of 77.86% set on August 31, 2002
How does PAYX quarterly gross margin rank versus sector peers?
PAYX quarterly gross margin is higher than 83.36% of companies in Technology sector
When is PAYX next earnings release?
The next earnings release for PAYX is on March 26, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

PAYX Official Website www.paychex.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/723531/000119312525325838/0001193125-25-325838-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/723531/000095017025095300/0000950170-25-095300-index.htm
PAYX Profile on Yahoo Finance finance.yahoo.com/quote/PAYX
PAYX Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/payx