PAYCHEX INC (PAYX) closed fiscal year 2026 with a gross margin of 74.3 % and a net margin of 27.0 %.
PAYCHEX INC (PAYX) closed fiscal year 2026 with a gross margin of 74.3 % and a net margin of 27.0 %. The same year shows an EBITDA margin of 45.3 % and an EBIT margin of 38.6 %. The free cash flow margin was 35.7 %. Against the previous year the gross margin moved +1.9 pp and the net margin −2.7 pp. Across the period the gross margin ranges between 68.3 % in 2020 and 74.3 % in 2026. The series covers 19 fiscal years, from 2008 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: May
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | 69.95 % | 71.14 % | 70.92 % | 70.51 % | 70.96 % | 70.84 % | 69.86 % | 68.78 % | 68.30 % | 68.66 % | 70.59 % | 70.98 % | 71.97 % | 72.35 % | 74.29 % |
| EBITDA margin (%) | 43.99 % | 42.78 % | 40.55 % | 41.99 % | 42.68 % | 43.12 % | 43.18 % | 42.35 % | 42.74 % | 43.79 % | 42.32 % | 41.16 % | 41.34 % | 40.74 % | 44.06 % | 44.13 % | 44.53 % | 43.38 % | 45.35 % |
| EBIT margin (%) | 40.08 % | 38.66 % | 36.23 % | 37.73 % | 38.29 % | 38.90 % | 39.01 % | 38.46 % | 38.84 % | 39.77 % | 38.24 % | 36.35 % | 36.15 % | 36.01 % | 39.90 % | 40.60 % | 41.19 % | 39.62 % | 38.55 % |
| Net margin (%) | 27.88 % | 25.61 % | 23.84 % | 24.72 % | 24.58 % | 24.46 % | 24.91 % | 24.63 % | 25.64 % | 26.21 % | 29.43 % | 27.42 % | 27.18 % | 27.05 % | 30.20 % | 31.10 % | 32.03 % | 29.74 % | 27.03 % |
| FCF margin (%) | 31.09 % | 29.96 % | 27.47 % | 29.50 % | 27.67 % | 24.79 % | 31.63 % | 28.92 % | 31.18 % | 27.47 % | 33.23 % | 30.42 % | 32.52 % | 28.15 % | 31.57 % | 31.22 % | 32.90 % | 30.67 % | 35.65 % |
