SuperworthPaychex profit margin PAYX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 27.4%
- Operating margin, 12 months
- 39.2%
- Net margin on a year earlier
- −0.5 pts
- Peer median
- 11.8%
Over the twelve months to Aug 31, 2026, Paychex kept 27.4% of its revenue as net profit, with an operating margin of 39.2% and a gross margin of 74.4%.
Five years earlier its net margin was 29.0%.
The median for 10 industrial stocks of a similar size is 11.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 27.0% | 38.6% | 74.3% |
| FY2025 | 29.7% | 39.6% | 72.4% |
| FY2024 | 32.0% | 41.2% | 72.0% |
| FY2023 | 31.1% | 40.6% | 71.0% |
| FY2022 | 30.2% | 39.9% | 70.6% |
| FY2021 | 27.1% | 36.0% | 68.7% |
| FY2020 | 27.2% | 36.1% | 68.3% |
| FY2019 | 27.4% | 36.3% | n/a |
| FY2018 | 29.4% | 38.2% | n/a |
| FY2017 | 25.9% | 39.3% | n/a |
| FY2016 | 25.6% | 38.8% | n/a |
| FY2015 | 24.6% | 38.5% | n/a |
| FY2014 | 24.9% | 39.0% | n/a |
| FY2013 | 24.5% | 38.9% | n/a |
| FY2012 | 24.6% | 38.3% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q1 FY27 | 27.4% | −0.5 pts | 39.2% | |
| Q4 FY26 | 27.0% | −2.7 pts | 38.6% | |
| Q3 FY26 | 25.8% | −6.1 pts | 36.9% | |
| Q2 FY26 | 26.4% | −5.6 pts | 37.1% | |
| Q1 FY26 | 27.9% | −4.1 pts | 38.0% | |
| Q4 FY25 | 29.7% | −2.3 pts | 39.6% | |
| Q3 FY25 | 32.0% | +0.1 pts | 41.5% | |
| Q2 FY25 | 32.0% | +0.4 pts | 41.3% | |
| Q1 FY25 | 32.0% | +0.6 pts | 41.1% | |
| Q4 FY24 | 32.0% | +0.9 pts | 41.2% | |
| Q3 FY24 | 31.9% | +1.3 pts | 41.2% | |
| Q2 FY24 | 31.6% | +1.2 pts | 40.9% |
Against its peers
Companies in Industrials nearest Paychex's size, closest first, today.
| Company | Profit margin |
|---|---|
| PAYXPaychex | 27.4% |
| HEIHEICO | 16.4% |
| FIXComfort Systems USA | 12.8% |
| FERGFerguson | n/m |
| WABWestinghouse Air Brake Technologies | 10.6% |
| CARRCarrier Global | 5.5% |
| ODFLOld Dominion Freight Line | 19.4% |
| WCNWaste Connections | 10.9% |
| LHXL3Harris Technologies | n/m |
| ROKRockwell Automation | 13.4% |
| DALDelta Air Lines | 4.6% |
| Peer median | 11.8% |
Where Paychex ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Paychex
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.