Paychex
PAYX
$113.78
Share price
-1.34%
Change (1 day)
-0.94%
Change (1 year)
Categories
Operating Margin for Paychex (PAYX)
Operating Margin as of October 2023 (TTM): 39.56%
According to Paychex's latest financial reports and stock price the company's current Operating Margin is 39.56%. At the end of 2022 the company had an Operating Margin of 39.56%.
Operating Margin history for Paychex from 2001 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 39.56% | 11.91% |
| 2021 | 35.35% | -0.6% |
| 2020 | 35.57% | -1.92% |
| 2019 | 36.26% | -5.41% |
| 2018 | 38.34% | -2.95% |
| 2017 | 39.50% | 1.3% |
| 2016 | 39.00% | 0.78% |
| 2015 | 38.69% | -1.37% |
| 2014 | 39.23% | 0.12% |
| 2013 | 39.18% | 1.55% |
| 2012 | 38.58% | 1.51% |
| 2011 | 38.01% | 4.27% |
| 2010 | 36.45% | -6.51% |
| 2009 | 38.99% | -5.75% |
| 2008 | 41.37% | 5.02% |
| 2007 | 39.39% | -2.24% |
| 2006 | 40.29% | 6.62% |
| 2005 | 37.79% | 8.76% |
| 2004 | 34.75% | -15.77% |
| 2003 | 41.26% | -0.27% |
| 2002 | 41.37% | -1.14% |
| 2001 | 41.84% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Automatic Data Processing ADP | 25.80% | -34.78% | 🇺🇸 USA |
 Equifax EFX | 13.93% | -64.79% | 🇺🇸 USA |
 Intuit INTU | 22.08% | -44.19% | 🇺🇸 USA |
 Insperity
NSP | 4.13% | -89.56% | 🇺🇸 USA |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.