Paychex Inc

NASDAQ PAYX

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Paychex Inc Pre-Tax Margin for the quarter ending February 29, 2024: 45.15%

Paychex Inc Pre-Tax Margin is 45.15% for the quarter ending February 29, 2024, a 9.83% change year over year. Pre-tax margin represents the proportion of a company's earnings before taxes (EBT) to its revenue. It is calculated by dividing the EBT by the revenue. This ratio indicates the profitability of the company's operations before the impact of taxes. A higher pre-tax margin suggests that the company generates a larger proportion of revenue as pre-tax profit, indicating stronger operational performance and efficiency.
  • Paychex Inc Pre-Tax Margin for the quarter ending February 28, 2023 was 41.11%, a -6.88% change year over year.
  • Paychex Inc Pre-Tax Margin for the quarter ending February 28, 2022 was 44.15%, a 4.73% change year over year.
  • Paychex Inc Pre-Tax Margin for the quarter ending February 28, 2021 was 42.15%, a 2.46% change year over year.
  • Paychex Inc Pre-Tax Margin for the quarter ending February 29, 2020 was 41.14%, a 2.58% change year over year.
NASDAQ: PAYX

Paychex Inc

CEO Mr. John B. Gibson Jr.
IPO Date March 26, 1990
Location United States
Headquarters 911 Panorama Trail South, Rochester, NY, United States, 14625-2396
Employees 16,000
Sector Industrials
Industry Staffing & employment services
Description

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

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StockViz Staff

September 20, 2024

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