Paychex Gross Margin 2010-2024 | PAYX
- Paychex average gross margin for 2023 was 71.12%, a 0.74% increase from 2022.
- Paychex average gross margin for 2022 was 70.6%, a 1.99% increase from 2021.
- Paychex average gross margin for 2021 was 69.22%, a 1.47% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.