What are Paychex's profit margins?

Paychex (PAYX) runs a 73.9% gross margin and a 36.9% operating margin, with a 25.8% net margin.

Where do Paychex's ratios come from?

Every ratio is computed from Paychex's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Paychex PAYX Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	288%+1.5pp	286.5%+3.8pp	282.7%+1.3pp	281.3%+7.7pp
Operating margin	163.6%-0.5pp	164%+3.4pp	160.6%+2.9pp	157.8%+15.6pp
Net margin	125.7%-1.2pp	126.9%+4.4pp	122.5%-31.1pp	153.6%+34.5pp
Returns
Return on equity	177.9%-10.9pp	188.8%+3.5pp	185.2%-38.7pp	223.9%+53.1pp
Return on invested capital	193%-23.3pp	216.4%+11.3pp	205.1%+0.1pp	205%-2.8pp
Efficiency
Asset turnover	1.8×-0.1×	1.9×-0.1×	2×+0.1×	1.9×+0.1×
Liquidity
Current ratio	5.4×+0.4×	5.1×-0.1×	5.2×+0.1×	5.1×+0.1×
Leverage
Debt-to-equity	1.8×+0.8×	1×-0.1×	1.1×-0.1×	1.1×-0.1×
Net debt / EBITDA	0.6×+1.7×	-1.2×-0.6×	-0.6×-0.2×	-0.4×+1.2×
Per Share
Book value per share	$44.27+9.4%	$40.48+10.8%	$36.53+5.8%	$34.52+7.8%
Valuation
Market capitalization	$211.77B+20.8%	$175.36B+5.2%	$166.75B-3.0%	$171.95B+31.7%
Price / earnings	124.4×+17.7×	106.7×-5.4×	112.1×+8.8×	103.3×-8.7×
Price / sales	39×+5.2×	33.8×-0.5×	34.3×-4.7×	39×+6.3×
Price / book	52.8×+4.9×	47.9×-2.7×	50.6×-4.3×	54.9×+9.9×
EV / EBITDA	88.8×+13.7×	75.1×-2.4×	77.5×-11.3×	88.7×+9.7×
Dividend yield	10.6%-1.0pp	11.5%+0.8pp	10.8%+1.9pp	8.9%-2.2pp

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Questions, answered.

What are Paychex's profit margins?: Paychex (PAYX) runs a 73.9% gross margin and a 36.9% operating margin, with a 25.8% net margin.
Where do Paychex's ratios come from?: Every ratio is computed from Paychex's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.