Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 37.66% is in line with its 5-year average of 39.59%, around the middle of its 5-year range (30.20%–45.84%).
As of the fiscal period ended Sunday, May 31, 2026. 2.60% above its 12-month average of 36.71%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
37.66%
OPERATING MARGIN AVG TTM
36.71%
OPERATING MARGIN AVG 3Y
39.45%
OPERATING MARGIN AVG 5Y
39.59%
OPERATING MARGIN AVG 10Y
38.43%
OPERATING MARGIN AVG 15Y
38.57%
OPERATING MARGIN AVG 20Y
38.61%
CURRENT VS TTM AVG
+2.60%
CURRENT VS 3Y AVG
-4.53%
CURRENT VS 5Y AVG
-4.88%
CURRENT VS 10Y AVG
-1.98%
CURRENT VS 15Y AVG
-2.36%
CURRENT VS 20Y AVG
-2.44%
SECTOR MEDIAN · TECHNOLOGY
13.67%
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
+175.53%
vs the sector median at left
Paychex, Inc.
Market Cap
$40.39B
Operating Margin
37.66%
TTM Avg
36.71%
3Y Avg
39.45%
5Y Avg
39.59%
Market Cap
$39.75B
Operating Margin
33.33%
TTM Avg
33.33%
3Y Avg
7.61%
5Y Avg
-1.87%
Market Cap
$39.22B
Operating Margin
-2.61%
TTM Avg
8.02%
3Y Avg
-33.70%
5Y Avg
-33.70%
Market Cap
$42.82B
Operating Margin
10.40%
TTM Avg
8.57%
3Y Avg
21.94%
5Y Avg
22.20%
Market Cap
$43.01B
Operating Margin
-0.88%
TTM Avg
-7.20%
3Y Avg
-14.32%
5Y Avg
-4.18%
Market Cap
$37.07B
Operating Margin
27.97%
TTM Avg
28.33%
3Y Avg
28.32%
5Y Avg
27.86%
Market Cap
$44.29B
Operating Margin
26.60%
TTM Avg
23.61%
3Y Avg
21.88%
5Y Avg
19.70%
Market Cap
$45.06B
Operating Margin
-112.53%
TTM Avg
-243.80%
3Y Avg
-806.24%
5Y Avg
-536.92%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Paychex, Inc. (PAYX) | $40.39B | 37.66% | 36.71% | 39.45% | 39.59% |
| Credo Technology Group Holding Ltd (CRDO)vs › | $39.75B | 33.33% | 33.33% | 7.61% | -1.87% |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $39.22B | -2.61% | 8.02% | -33.70% | -33.70% |
| Microchip Technology Incorporated (MCHP)vs › | $42.82B | 10.40% | 8.57% | 21.94% | 22.20% |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $43.01B | -0.88% | -7.20% | -14.32% | -4.18% |
| Roper Technologies, Inc. (ROP)vs › | $37.07B | 27.97% | 28.33% | 28.32% | 27.86% |
| Autodesk, Inc. (ADSK)vs › | $44.29B | 26.60% | 23.61% | 21.88% | 19.70% |
| Coherent, Inc. (COHR)vs › | $44.78B | 10.28% | 6.04% | 7.50% | 8.05% |
| Nebius Group N.V. (NBIS)vs › | $45.06B | -112.53% | -243.80% | -806.24% | -536.92% |
| Workday, Inc. (WDAY)vs › | $35.45B | 11.66% | 7.82% | 3.65% | 1.09% |
Gross Margin
74.3%
Operating Margin
37.7%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-05-31 | 37.66% |
| 2026-02-28 | 43.78% |
| 2025-11-30 | 36.72% |
| 2025-08-31 | 35.19% |
| 2025-05-31 | 30.20% |
| 2025-02-28 | 45.84% |
| 2024-11-30 | 40.86% |
| 2024-08-31 | 41.46% |
| 2024-05-31 | 37.20% |
| 2024-02-29 | 45.15% |
| 2023-11-30 | 40.24% |
| 2023-08-31 | 41.70% |
| 2023-05-31 | 36.87% |
| 2023-02-28 | 44.31% |
| 2022-11-30 | 39.68% |
| 2022-08-31 | 41.09% |
| 2022-05-31 | 34.43% |
| 2022-02-28 | 44.11% |
| 2021-11-30 | 39.72% |
| 2021-08-31 | 40.90% |
| 2021-05-31 | 34.38% |
| 2021-02-28 | 42.15% |
| 2020-11-30 | 36.02% |
| 2020-08-31 | 30.47% |
| 2020-05-31 | 32.74% |
| 2020-02-29 | 41.14% |
| 2019-11-30 | 34.49% |
| 2019-08-31 | 35.19% |
| 2019-05-31 | 32.08% |
| 2019-02-28 | 40.11% |
| 2018-11-30 | 35.77% |
| 2018-08-31 | 37.12% |
| 2018-05-31 | 36.48% |
| 2018-02-28 | 33.76% |
| 2017-11-30 | 40.19% |
| 2017-08-31 | 42.24% |
| 2017-05-31 | 37.43% |
| 2017-02-28 | 38.53% |
| 2016-11-30 | 40.33% |
| 2016-08-31 | 41.12% |
| 2016-05-31 | 36.65% |
| 2016-02-29 | 37.20% |
| 2015-11-30 | 40.73% |
| 2015-08-31 | 40.95% |
| 2015-05-31 | 36.35% |
| 2015-02-28 | 37.53% |
| 2014-11-30 | 39.95% |
| 2014-08-31 | 40.12% |
| 2014-05-31 | 35.73% |
| 2014-02-28 | 39.39% |
| 2013-11-30 | 40.72% |
| 2013-08-31 | 41.96% |
| 2013-05-31 | 36.19% |
| 2013-02-28 | 37.92% |
| 2012-11-30 | 41.12% |
| 2012-08-31 | 41.16% |
| 2012-05-31 | 35.52% |
| 2012-02-29 | 37.67% |
| 2011-11-30 | 40.73% |
| 2011-08-31 | 41.61% |
| 2011-05-31 | 34.97% |
| 2011-02-28 | 38.28% |
| 2010-11-30 | 39.82% |
| 2010-08-31 | 38.74% |
| 2010-05-31 | 35.98% |
| 2010-02-28 | 34.07% |
| 2009-11-30 | 39.97% |
| 2009-08-31 | 39.03% |
| 2009-05-31 | 41.46% |
| 2009-02-28 | 37.35% |
| 2008-11-30 | 40.43% |
| 2008-08-31 | 41.49% |
| 2008-05-31 | 38.10% |
| 2008-02-29 | 39.54% |
| 2007-11-30 | 41.25% |
| 2007-08-31 | 41.53% |
| 2007-05-31 | 32.81% |
| 2007-02-28 | 35.65% |
| 2006-11-30 | 40.08% |
| 2006-08-31 | 40.57% |
| 2006-05-31 | 38.08% |
| 2006-02-28 | 37.30% |
| 2005-11-30 | 39.67% |
| 2005-08-31 | 40.33% |
| 2005-05-31 | 37.68% |
| 2005-02-28 | 36.21% |
| 2004-11-30 | 36.54% |
| 2004-08-31 | 37.30% |
| 2004-05-31 | 26.32% |
| 2004-02-29 | 34.00% |
| 2003-11-30 | 36.79% |
| 2003-08-31 | 37.21% |
| 2003-05-31 | 41.37% |
| 2003-02-28 | 35.24% |
| 2002-11-30 | 36.90% |
| 2002-08-31 | 40.56% |
