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Paychex, Inc. (PAYX) Operating margin

annual operating margin:

42.54%+1.35%(+3.28%)
May 31, 2025

Summary

  • As of today (August 25, 2025), PAYX annual operating profit margin is 42.54%, with the most recent change of +1.35% (+3.28%) on May 31, 2025.
  • During the last 3 years, PAYX annual operating margin has risen by +2.64% (+6.62%).
  • PAYX annual operating margin is now at all-time high.

Performance

1-year change

+3.28%

3-year change

+6.62%

5-year change

+17.68%

15-year change

+8.52%

PAYX Operating margin Chart

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Highlights

Sector rank

98.5%
PAYX annual operating profit margin is higher than 98.5% of companies in Technology sector

Range

All-time high

42.54%
PAYX annual operating profit margin is currently at an all-time high

3-year low

39.90%
PAYX annual operating profit margin is currently +6.62% 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 operating profit

$2.37B
PAYX annual operating income is $2.37 billion

Annual revenue

$5.57B
PAYX annual revenue is $5.57 billion

annual gross margin

72.35%
PAYX annual gross profit margin is 72.35%

annual net margin

29.75%
PAYX annual net profit margin is 29.75%

quarterly operating margin:

40.41%-6.54%(-13.93%)
May 31, 2025

Summary

  • As of today (August 25, 2025), PAYX quarterly operating profit margin is 40.41%, with the most recent change of -6.54% (-13.93%) on May 31, 2025.
  • Over the past year, PAYX quarterly operating margin has increased by +3.21% (+8.63%).
  • PAYX quarterly operating margin is now -13.93% below its all-time high of 46.95%, reached on February 28, 2025.

Performance

3-month change

-13.93%

1-year change

+8.63%

3-year change

+17.37%

5-year change

+23.43%

PAYX quarterly operating margin Chart

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Highlights

Sector rank

98.08%
PAYX quarterly operating profit margin is higher than 98.08% of companies in Technology sector

Range

All-time high

46.95%
PAYX quarterly operating profit margin is currently -13.93% below its historical high of 46.95%

3-year low

34.43%
PAYX quarterly operating profit margin is currently +17.37% 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 operating profit

$431.10M
PAYX quarterly operating income is $431.10 million

Quarterly revenue

$1.43B
PAYX quarterly revenue is $1.43 billion

quarterly gross margin

72.40%
PAYX quarterly gross profit margin is 72.40%

Quarterly net margin

20.82%
PAYX quarterly net profit margin is 20.82%

Operating margin Formula

Operating Profit Margin =  Operating Profit
Revenue ✕ 100%

annual operating margin

42.54%
PAYX annual operating profit margin is 42.54%

annual operating profit

$2.37B
PAYX annual operating income is $2.37 billion

Annual revenue

$5.57B
PAYX annual revenue is $5.57 billion

PAYX Operating margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1 y1 year+3.3%+8.6%
3 y3 years+6.6%+17.4%
5 y5 years+17.7%+23.4%

PAYX Operating margin Highs & Lows

PeriodPeriodAnnual vs highAnnual vs highAnnual vs lowAnnual vs lowQuarter. vs highQuarter. vs highQuarter. vs lowQuarter. vs low
3 y3-yearat high+6.6%-13.9%+17.4%
5 y5-yearat high+18.1%-13.9%+30.3%
alltimeall timeat high+339.0%-13.9%+117.3%

PAYX Operating margin History

DateAnnualQuarterly
May 2025
42.54%(+3.3%)
40.41%(-13.9%)
Feb 2025
-
46.95%(+14.9%)
Nov 2024
-
40.86%(-1.4%)
Aug 2024
-
41.46%(+11.5%)
May 2024
41.19%(+1.5%)
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%)
May 2023
40.60%(+1.8%)
-
Feb 2023
-
44.31%(+11.7%)
Nov 2022
-
39.68%(-3.4%)
Aug 2022
-
41.09%(+19.3%)
May 2022
39.90%(+10.8%)
34.43%(-21.9%)
Feb 2022
-
44.11%(+11.1%)
Nov 2021
-
39.72%(-2.9%)
Aug 2021
-
40.90%(+19.0%)
May 2021
36.01%(-0.4%)
34.38%(-18.4%)
Feb 2021
-
42.15%(+17.0%)
Nov 2020
-
36.02%(+16.2%)
Aug 2020
-
31.01%(-5.3%)
May 2020
36.15%(-0.9%)
32.74%(-20.4%)
Feb 2020
-
41.14%(+19.3%)
Nov 2019
-
34.49%(-2.0%)
Aug 2019
-
35.19%(+9.2%)
May 2019
36.49%(-6.9%)
32.23%(-19.9%)
Feb 2019
-
40.24%(+12.5%)
Nov 2018
-
35.77%(-3.6%)
Aug 2018
-
37.12%(+3.9%)
May 2018
39.20%(-0.4%)
35.72%(-16.7%)
Feb 2018
-
42.90%(+13.6%)
Nov 2017
-
37.75%(-5.7%)
Aug 2017
-
40.02%(+6.9%)
May 2017
39.34%(+1.3%)
37.43%(-2.9%)
Feb 2017
-
38.53%(-4.5%)
Nov 2016
-
40.33%(-1.9%)
Aug 2016
-
41.12%(+12.2%)
May 2016
38.84%(+1.0%)
36.65%(-1.5%)
Feb 2016
-
37.20%(-8.7%)
Nov 2015
-
40.73%(-0.5%)
Aug 2015
-
40.95%(+12.7%)
May 2015
38.46%(-1.4%)
36.35%(-3.1%)
Feb 2015
-
37.53%(-6.1%)
Nov 2014
-
39.95%(-0.4%)
Aug 2014
-
40.12%(+16.7%)
May 2014
39.01%(+0.3%)
34.38%(-12.7%)
Feb 2014
-
39.39%(-3.3%)
Nov 2013
-
40.72%(-3.0%)
Aug 2013
-
41.96%(+15.9%)
May 2013
38.90%(+1.6%)
36.19%(-4.6%)
Feb 2013
-
37.92%(-6.1%)
Nov 2012
-
40.39%(-1.9%)
Aug 2012
-
41.16%(+15.9%)
May 2012
38.29%(+1.6%)
35.52%(-3.8%)
Feb 2012
-
36.94%(-7.5%)
Nov 2011
-
39.93%(-2.1%)
Aug 2011
-
40.79%(+17.0%)
May 2011
37.69%(+4.3%)
34.86%(-6.8%)
Feb 2011
-
37.42%(-6.0%)
Nov 2010
-
39.80%(+2.8%)
Aug 2010
-
38.73%(+11.1%)
May 2010
36.12%(-6.5%)
34.87%(+5.8%)
Feb 2010
-
32.96%(-15.0%)
Nov 2009
-
38.79%(+2.3%)
Aug 2009
-
37.92%(+8.0%)
May 2009
38.63%(-3.2%)
35.12%(-5.9%)
Feb 2009
-
37.32%(-7.6%)
Nov 2008
-
40.38%(-2.6%)
Aug 2008
-
41.46%(+9.7%)
May 2008
39.90%(+7.5%)
37.78%(-3.5%)
Feb 2008
-
39.16%(-5.0%)
Nov 2007
-
41.21%(-0.7%)
Aug 2007
-
41.51%(+26.7%)
May 2007
37.12%
32.75%(-8.0%)
Feb 2007
-
35.58%(-11.1%)
Nov 2006
-
40.00%(-1.3%)
DateAnnualQuarterly
Aug 2006
-
40.54%(+6.7%)
May 2006
38.76%(+4.9%)
37.98%(+2.0%)
Feb 2006
-
37.24%(-6.1%)
Nov 2005
-
39.67%(-1.6%)
Aug 2005
-
40.33%(+7.0%)
May 2005
36.94%(+10.3%)
37.68%(-2.6%)
Feb 2005
-
38.67%(+5.8%)
Nov 2004
-
36.54%(-1.9%)
Aug 2004
-
37.26%(+41.6%)
May 2004
33.48%(-8.2%)
26.32%(-18.1%)
Feb 2004
-
32.13%(-12.7%)
Nov 2003
-
36.79%(-1.1%)
Aug 2003
-
37.21%(+10.1%)
May 2003
36.49%(-4.2%)
33.80%(-4.1%)
Feb 2003
-
35.24%(-4.5%)
Nov 2002
-
36.90%(-9.0%)
Aug 2002
-
40.56%(+8.1%)
May 2002
38.09%(-1.6%)
37.51%(+4.4%)
Feb 2002
-
35.92%(-8.1%)
Nov 2001
-
39.09%(-2.1%)
Aug 2001
-
39.93%(+4.3%)
May 2001
38.71%(+118.2%)
38.30%(+1.1%)
Feb 2001
-
37.90%(-5.5%)
Nov 2000
-
40.09%(+3.7%)
Aug 2000
-
38.66%(+9.2%)
May 2000
17.74%(+11.2%)
35.40%(+0.2%)
Feb 2000
-
35.33%(-2.6%)
Nov 1999
-
36.27%(+2.8%)
Aug 1999
-
35.27%(+105.2%)
May 1999
15.96%(+17.7%)
17.19%(+8.7%)
Feb 1999
-
15.81%(-0.9%)
Nov 1998
-
15.96%(+8.0%)
Aug 1998
-
14.78%(+7.4%)
May 1998
13.56%(+3.1%)
13.76%(+7.2%)
Feb 1998
-
12.84%(-7.3%)
Nov 1997
-
13.85%(-0.3%)
Aug 1997
-
13.89%(+7.9%)
May 1997
13.15%(-36.6%)
12.87%(+0.3%)
Feb 1997
-
12.83%(-6.7%)
Nov 1996
-
13.75%(+3.3%)
Aug 1996
-
13.31%(+104.5%)
May 1996
20.75%(+8.7%)
6.51%(-65.9%)
Feb 1996
-
19.08%(-9.0%)
Nov 1995
-
20.97%(+1.2%)
Aug 1995
-
20.73%(+12.1%)
May 1995
19.09%(+16.3%)
18.50%(+6.6%)
Feb 1995
-
17.35%(-14.9%)
Nov 1994
-
20.38%(+0.1%)
Aug 1994
-
20.35%(+27.5%)
May 1994
16.42%(+17.0%)
15.96%(+6.9%)
Feb 1994
-
14.93%(-16.4%)
Nov 1993
-
17.86%(+4.6%)
Aug 1993
-
17.07%(+28.2%)
May 1993
14.03%(+20.2%)
13.32%(+11.7%)
Feb 1993
-
11.93%(-21.0%)
Nov 1992
-
15.10%(-3.6%)
Aug 1992
-
15.67%(+38.4%)
May 1992
11.67%(+20.4%)
11.32%(+15.2%)
Feb 1992
-
9.83%(-27.3%)
Nov 1991
-
13.52%(+9.3%)
Aug 1991
-
12.37%(+67.8%)
May 1991
9.69%(-4.0%)
7.37%(0.0%)
Feb 1991
-
7.37%(-39.8%)
Nov 1990
-
12.24%(-3.5%)
Aug 1990
-
12.69%(+65.0%)
May 1990
10.09%(-27.7%)
7.69%(+40.3%)
Feb 1990
-
5.48%(-60.6%)
Nov 1989
-
13.90%(+1.6%)
Aug 1989
-
13.68%(-106.0%)
May 1989
13.96%(+3.1%)
-227.07%(+3.7%)
May 1988
13.54%(-14.0%)
-219.07%(+1.2%)
May 1987
15.74%(+3.4%)
-216.47%(+2.3%)
May 1986
15.22%(+35.7%)
-211.59%(-9.2%)
May 1985
11.22%(-12.0%)
-233.03%(+5.5%)
May 1984
12.75%(+9.3%)
-220.93%
May 1983
11.67%
-

FAQ

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

What is Paychex, Inc. annual operating profit margin?

The current annual operating margin of PAYX is 42.54%

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

Paychex, Inc. all-time high annual operating profit margin is 42.54%

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

Over the past year, PAYX annual operating profit margin has changed by +1.35% (+3.28%)

What is Paychex, Inc. quarterly operating profit margin?

The current quarterly operating margin of PAYX is 40.41%

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

Paychex, Inc. all-time high quarterly operating profit margin is 46.95%

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

Over the past year, PAYX quarterly operating profit margin has changed by +3.21% (+8.63%)
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