Paychex (Paychex) Pretax Margin % : 45.80% (As of Feb. 2024)

Paychex Pretax Margin % Chart

Paychex Annual Data
	Trend	May14	May15	May16	May17	May18	May19	May20	May21	May22	May23
Pretax Margin %		Get a 7-Day Free Trial					36.26	35.57	35.35	39.56	40.91

Paychex Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Pretax Margin %	Get a 7-Day Free Trial															44.71	37.70	42.70	41.17	45.80

Competitive Comparison of Paychex's Pretax Margin %

For the Staffing & Employment Services subindustry, Paychex's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Paychex's Pretax Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Paychex's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Paychex's Pretax Margin % falls into.

Paychex Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Paychex's Pretax Margin for the fiscal year that ended in May. 2023 is calculated as

Paychex's Pretax Margin for the quarter that ended in Feb. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Paychex  (NAS:PAYX) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Paychex Pretax Margin % Related Terms

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Paychex (Paychex) Business Description