• Paychex average operating margin for 2024 was 41.19%, a 1.5% increase from 2023.
• Paychex average operating margin for 2023 was 40.58%, a 1.53% increase from 2022.
• Paychex average operating margin for 2022 was 39.97%, a 6.9% increase from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.