Paychex Gross Margin 2010-2024 | PAYX

Paychex gross margin for the quarter ending August 31, 2024 was 71.79%.

  • 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.

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.
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