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Paychex (WBO:PAYX) Tax Rate % : 23.28% (As of Aug. 2024)


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What is Paychex Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Paychex's Tax Expense for the three months ended in Aug. 2024 was €118 Mil. Paychex's Pre-Tax Income for the three months ended in Aug. 2024 was €505 Mil. Therefore, Paychex's Tax Rate % for the quarter that ended in Aug. 2024 was 23.28%.

Paychex Tax Rate % Historical Data

The historical data trend for Paychex's Tax Rate % can be seen below:

* 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.

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Paychex Tax Rate % Chart

Paychex Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.59 23.48 23.67 23.97 23.79

Paychex Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.66 24.17 24.36 22.75 23.28

Paychex Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Paychex's Tax Rate % for the fiscal year that ended in May. 2024 is calculated as

Tax Rate %=Tax Expense (A: May. 2024 )/Pre-Tax Income (A: May. 2024 )
=488.03/2051.65
=23.79 %

Paychex's Tax Rate % for the quarter that ended in Aug. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Aug. 2024 )/Pre-Tax Income (Q: Aug. 2024 )
=117.638/505.29
=23.28 %

* 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 Tax Rate % Related Terms

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Paychex Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Paychex Inc (WBO:PAYX) » Definitions » Tax Rate %
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Traded in Other Exchanges
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Address
911 Panorama Trail South, Rochester, NY, USA, 14625-2396
Website
https://www.paychex.com
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, founded in 1971, services over 745,000 clients and pays 1 in 12 US private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.