What is the current annual operating margin of PAYX?

As of today, PAYX annual operating margin is 42.54%

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

PAYX annual operating margin is up +3.28% year-over-year

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

PAYX annual operating margin is up +6.62% over the past 3 years

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

PAYX annual operating margin is currently at its all-time high

How does PAYX annual operating margin rank versus sector peers?

PAYX annual operating margin is higher than 98.35% 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 operating margin of PAYX?

As of today, PAYX quarterly operating margin is 41.67%

What is PAYX quarterly operating margin most recent change?

PAYX quarterly operating margin was up +2.41% on November 30, 2025

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

PAYX quarterly operating margin is up +1.98% year-over-year

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

PAYX quarterly operating margin is currently -11.25% below its historical high of 46.95% set on February 28, 2025

How does PAYX quarterly operating margin rank versus sector peers?

PAYX quarterly operating margin is higher than 97.48% 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) Operating Margin History & Chart

Annual Operating Margin

42.54%1.35%+3.28%

May 31, 2025

Summary

Current Value: As of today, PAYX annual operating margin is 42.54%, up +3.28% on May 31, 2025
Historical Performance: PAYX annual operating margin is up +6.62% over the past 3 years, and up +17.68% over the past 5 years
All-Time High Comparison: PAYX annual operating margin is currently at its all-time high
3-Year Low Comparison: PAYX annual operating margin is +6.62% above its 3-year low of 39.90% reached on an earlier date
Sector Comparison: PAYX annual operating margin is higher than 98.35% of companies in Technology sector

Operating Margin Chart

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Performance

PAYX Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	May 31, 25	42.54%	+3.3%	+6.6%	+17.7%	+17.8%
Quarterly Operating Margin	Nov 30, 25	41.67%	+2.0%	+5.0%	+15.7%	+4.7%
Price	Jan 14, 26	$110.29	-22.2%	-8.3%	+25.2%	+241.3%
PE Ratio	Jan 14, 26	25.00	-16.2%	-16.0%	-16.8%	+5.2%
Annual Revenue	May 31, 25	$5.57B	+5.6%	+20.8%	+37.9%	+178.9%
Annual Operating Profit	May 31, 25	$2.37B	+9.0%	+28.8%	+62.3%	+228.4%
Annual Gross Margin	May 31, 25	72.35%	+0.5%	+2.5%	+5.9%	+7.5%
Annual Net Margin	May 31, 25	29.75%	-7.1%	-1.5%	+9.5%	+24.6%

Operating Margin Highs

PAYX Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	42.54%	May 31, 25	at high
5Y	42.54%	May 31, 25	at high
All	42.54%	May 31, 25	at high

Operating Margin Lows

PAYX Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	39.90%	N/A	+6.6%
5Y	36.01%	May 31, 21	+18.1%
All	9.69%	May 31, 91	+339.0%

Operating Margin History

Year	Value	Change
2025	42.54%	+3.3%
2024	41.19%	+1.5%
2023	40.60%	+1.8%
2022	39.90%	+10.8%
2021	36.01%	-0.4%
2020	36.15%	-0.9%
2019	36.49%	-6.9%
2018	39.20%	-0.4%
2017	39.34%	+1.3%
2016	38.84%	+1.0%
2015	38.46%	-1.4%
2014	39.01%	+0.3%
2013	38.90%	+1.6%
2012	38.29%	+1.6%
2011	37.69%	+4.3%
2010	36.12%	-6.5%
2009	38.63%	-3.2%
2008	39.90%	+7.5%
2007	37.12%	-4.2%
2006	38.76%	+4.9%
2005	36.94%	+10.3%
2004	33.48%	-8.2%

Year	Value	Change
2003	36.49%	-4.2%
2002	38.09%	-1.6%
2001	38.71%	+118.2%
2000	17.74%	+11.2%
1999	15.96%	+17.7%
1998	13.56%	+3.1%
1997	13.15%	-36.6%
1996	20.75%	+8.7%
1995	19.09%	+16.3%
1994	16.42%	+17.0%
1993	14.03%	+20.2%
1992	11.67%	+20.4%
1991	9.69%	-4.0%
1990	10.09%	-27.7%
1989	13.96%	+3.1%
1988	13.54%	-14.0%
1987	15.74%	+3.4%
1986	15.22%	+35.7%
1985	11.22%	-12.0%
1984	12.75%	+9.3%
1983	11.67%	-

FAQ

What is the current annual operating margin of PAYX?
As of today, PAYX annual operating margin is 42.54%
What is 1-year change in PAYX annual operating margin?
PAYX annual operating margin is up +3.28% year-over-year
What is 3-year change in PAYX annual operating margin?
PAYX annual operating margin is up +6.62% over the past 3 years
How far is PAYX annual operating margin from its all-time high?
PAYX annual operating margin is currently at its all-time high
How does PAYX annual operating margin rank versus sector peers?
PAYX annual operating margin is higher than 98.35% 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 Operating Margin

41.67%0.98%+2.41%

November 30, 2025

Summary

Current Value: As of today, PAYX quarterly operating margin is 41.67%, up +2.41% on November 30, 2025
Historical Performance: PAYX quarterly operating margin is up +1.98% year-over-year, and up +5.02% over the past 3 years
All-Time High Comparison: PAYX quarterly operating margin is currently -11.25% below its historical high of 46.95% set on February 28, 2025
3-Year Low Comparison: PAYX quarterly operating margin is +13.02% above its 3-year low of 36.87% reached on May 31, 2023
Sector Comparison: PAYX quarterly operating margin is higher than 97.48% of companies in Technology sector

Performance

PAYX Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Nov 30, 25	41.67%	+2.4%	+2.0%	+5.0%	+15.7%
Annual Operating Margin	May 31, 25	42.54%	–	+3.3%	+6.6%	+17.7%
Price	Jan 14, 26	$110.29	-14.2%	-22.2%	-8.3%	+25.2%
PE Ratio	Jan 14, 26	25.00	-13.3%	-16.2%	-16.0%	-16.8%
Quarterly Revenue	Nov 30, 25	$1.56B	+1.1%	+18.3%	+30.9%	+58.3%
Quarterly Operating Profit	Nov 30, 25	$571.90M	-8.7%	+6.3%	+21.1%	+61.4%
Quarterly Gross Margin	Nov 30, 25	73.54%	+0.6%	+3.3%	+5.3%	+9.0%
Quarterly Net Margin	Nov 30, 25	25.39%	+1.9%	-19.1%	-16.1%	-8.3%

Quarterly Operating Margin Highs

PAYX Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	46.95%	Feb 28, 25	-11.3%
3Y	46.95%	Feb 28, 25	-11.3%
5Y	46.95%	Feb 28, 25	-11.3%
All	46.95%	Feb 28, 25	-11.3%

Quarterly Operating Margin Lows

PAYX Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	40.41%	May 31, 25	+3.1%
3Y	36.87%	May 31, 23	+13.0%
5Y	34.38%	May 31, 21	+21.2%
All	-233.03%	May 1, 85	+117.9%

Quarterly Operating Margin History

Month	Value	Change
Nov 2025	41.67%	+2.4%
Aug 2025	40.69%	+0.7%
May 2025	40.41%	-13.9%
Feb 2025	46.95%	+14.9%
Nov 2024	40.86%	-1.4%
Aug 2024	41.46%	+11.5%
May 2024	37.20%	-17.6%
Feb 2024	45.15%	+12.2%
Nov 2023	40.24%	-3.5%
Aug 2023	41.70%	+13.1%
May 2023	36.87%	-16.8%
Feb 2023	44.31%	+11.7%
Nov 2022	39.68%	-3.4%
Aug 2022	41.09%	+19.3%
May 2022	34.43%	-21.9%
Feb 2022	44.11%	+11.1%
Nov 2021	39.72%	-2.9%
Aug 2021	40.90%	+19.0%
May 2021	34.38%	-18.4%
Feb 2021	42.15%	+17.0%
Nov 2020	36.02%	+16.2%
Aug 2020	31.01%	-5.3%
May 2020	32.74%	-20.4%
Feb 2020	41.14%	+19.3%
Nov 2019	34.49%	-2.0%
Aug 2019	35.19%	+9.2%
May 2019	32.23%	-19.9%
Feb 2019	40.24%	+12.5%
Nov 2018	35.77%	-3.6%
Aug 2018	37.12%	+3.9%
May 2018	35.72%	-16.7%
Feb 2018	42.90%	+13.6%
Nov 2017	37.75%	-5.7%
Aug 2017	40.02%	+6.9%
May 2017	37.43%	-2.9%
Feb 2017	38.53%	-4.5%
Nov 2016	40.33%	-1.9%
Aug 2016	41.12%	+12.2%
May 2016	36.65%	-1.5%
Feb 2016	37.20%	-8.7%
Nov 2015	40.73%	-0.5%
Aug 2015	40.95%	+12.7%
May 2015	36.35%	-3.1%
Feb 2015	37.53%	-6.1%
Nov 2014	39.95%	-0.4%
Aug 2014	40.12%	+16.7%
May 2014	34.38%	-12.7%
Feb 2014	39.39%	-3.3%
Nov 2013	40.72%	-3.0%
Aug 2013	41.96%	+15.9%
May 2013	36.19%	-4.6%
Feb 2013	37.92%	-6.1%
Nov 2012	40.39%	-1.9%
Aug 2012	41.16%	+15.9%
May 2012	35.52%	-3.8%
Feb 2012	36.94%	-7.5%
Nov 2011	39.93%	-2.1%
Aug 2011	40.79%	+17.0%
May 2011	34.86%	-6.8%
Feb 2011	37.42%	-6.0%
Nov 2010	39.80%	+2.8%
Aug 2010	38.73%	+11.1%
May 2010	34.87%	+5.8%
Feb 2010	32.96%	-15.0%
Nov 2009	38.79%	+2.3%
Aug 2009	37.92%	+8.0%
May 2009	35.12%	-5.9%
Feb 2009	37.32%	-7.6%
Nov 2008	40.38%	-2.6%
Aug 2008	41.46%	+9.7%
May 2008	37.78%	-3.5%
Feb 2008	39.16%	-5.0%
Nov 2007	41.21%	-0.7%
Aug 2007	41.51%	+26.7%
May 2007	32.75%	-8.0%
Feb 2007	35.58%	-11.1%

Month	Value	Change
Nov 2006	40.00%	-1.3%
Aug 2006	40.54%	+6.7%
May 2006	37.98%	+2.0%
Feb 2006	37.24%	-6.1%
Nov 2005	39.67%	-1.6%
Aug 2005	40.33%	+7.0%
May 2005	37.68%	-2.6%
Feb 2005	38.67%	+5.8%
Nov 2004	36.54%	-1.9%
Aug 2004	37.26%	+41.6%
May 2004	26.32%	-18.1%
Feb 2004	32.13%	-12.7%
Nov 2003	36.79%	-1.1%
Aug 2003	37.21%	+10.1%
May 2003	33.80%	-4.1%
Feb 2003	35.24%	-4.5%
Nov 2002	36.90%	-9.0%
Aug 2002	40.56%	+8.1%
May 2002	37.51%	+4.4%
Feb 2002	35.92%	-8.1%
Nov 2001	39.09%	-2.1%
Aug 2001	39.93%	+4.3%
May 2001	38.30%	+1.1%
Feb 2001	37.90%	-5.5%
Nov 2000	40.09%	+3.7%
Aug 2000	38.66%	+9.2%
May 2000	35.40%	+0.2%
Feb 2000	35.33%	-2.6%
Nov 1999	36.27%	+2.8%
Aug 1999	35.27%	+105.2%
May 1999	17.19%	+8.7%
Feb 1999	15.81%	-0.9%
Nov 1998	15.96%	+8.0%
Aug 1998	14.78%	+7.4%
May 1998	13.76%	+7.2%
Feb 1998	12.84%	-7.3%
Nov 1997	13.85%	-0.3%
Aug 1997	13.89%	+7.9%
May 1997	12.87%	+0.3%
Feb 1997	12.83%	-6.7%
Nov 1996	13.75%	+3.3%
Aug 1996	13.31%	+104.5%
May 1996	6.51%	-65.9%
Feb 1996	19.08%	-9.0%
Nov 1995	20.97%	+1.2%
Aug 1995	20.73%	+12.1%
May 1995	18.50%	+6.6%
Feb 1995	17.35%	-14.9%
Nov 1994	20.38%	+0.1%
Aug 1994	20.35%	+27.5%
May 1994	15.96%	+6.9%
Feb 1994	14.93%	-16.4%
Nov 1993	17.86%	+4.6%
Aug 1993	17.07%	+28.2%
May 1993	13.32%	+11.7%
Feb 1993	11.93%	-21.0%
Nov 1992	15.10%	-3.6%
Aug 1992	15.67%	+38.4%
May 1992	11.32%	+15.2%
Feb 1992	9.83%	-27.3%
Nov 1991	13.52%	+9.3%
Aug 1991	12.37%	+67.8%
May 1991	7.37%	0.0%
Feb 1991	7.37%	-39.8%
Nov 1990	12.24%	-3.5%
Aug 1990	12.69%	+65.0%
May 1990	7.69%	+40.3%
Feb 1990	5.48%	-60.6%
Nov 1989	13.90%	+1.6%
Aug 1989	13.68%	+106.0%
May 1989	-227.07%	-3.7%
May 1988	-219.07%	-1.2%
May 1987	-216.47%	-2.3%
May 1986	-211.59%	+9.2%
May 1985	-233.03%	-5.5%
May 1984	-220.93%	-

FAQ

What is the current quarterly operating margin of PAYX?
As of today, PAYX quarterly operating margin is 41.67%
What is PAYX quarterly operating margin most recent change?
PAYX quarterly operating margin was up +2.41% on November 30, 2025
What is 1-year change in PAYX quarterly operating margin?
PAYX quarterly operating margin is up +1.98% year-over-year
How far is PAYX quarterly operating margin from its all-time high?
PAYX quarterly operating margin is currently -11.25% below its historical high of 46.95% set on February 28, 2025
How does PAYX quarterly operating margin rank versus sector peers?
PAYX quarterly operating margin is higher than 97.48% of companies in Technology sector
When is PAYX next earnings release?
The next earnings release for PAYX is on March 26, 2026

Operating Margin Formula

Operating Profit Margin = Operating 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