ADP · Automatic Data Processing Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.94B | $5.36B | $5.18B | $5.05B | $5.55B | $4.83B | $4.67B | $5.25B | $4.51B | $4.39B |
| Cost of Revenue | $3.07B | $2.89B | $2.84B | $2.74B | $2.90B | $2.63B | $2.56B | $2.77B | $2.52B | $2.45B |
| Gross Profit | $2.87B | $2.47B | $2.34B | $2.31B | $2.65B | $2.20B | $2.11B | $2.49B | $2.00B | $1.94B |
| R&D | $253.90M | $257.80M | $251.20M | $239.50M | $247.10M | $232.60M | $204.20M | $242.70M | $236.50M | - |
| SG&A | $1.08B | $1.07B | $1.01B | $1.01B | $1.02B | $926.70M | $922.50M | $940.90M | $880.30M | $855.70M |
| Total Operating Expenses | $4.23B | $4.08B | $3.98B | $3.88B | $3.99B | $3.70B | $3.59B | $3.77B | $3.49B | $3.36B |
| D&A | $146.40M | $145.60M | $146.70M | - | - | $138.60M | - | - | $141.50M | - |
| Operating Income | $1.78B | $1.38B | $1.31B | $1.26B | $1.62B | $1.24B | $1.14B | $1.55B | $1.09B | $1.06B |
| Interest Expense | $78.70M | $124.10M | $135.40M | $129.60M | $74.80M | $137.80M | $104.90M | $62.70M | $91.60M | $57.00M |
| Income Tax | $422.00M | $321.20M | $294.50M | $298.10M | $372.40M | $279.90M | $265.40M | $361.40M | $233.40M | $245.00M |
| Net Income | $1.36B | $1.06B | $1.01B | $963.20M | $1.25B | $956.30M | $878.40M | $1.18B | $859.40M | $813.10M |
| EPS - Basic | $3.39 | $2.63 | $2.50 | $2.36 | $3.07 | $2.34 | $2.14 | $2.89 | $2.09 | $1.96 |
| EPS - Diluted | $3.38 | $2.62 | $2.49 | $2.35 | $3.06 | $2.34 | $2.13 | $2.88 | $2.08 | $1.95 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.23B | $2.42B | $2.48B | $3.35B | $2.68B | $2.10B | $2.91B | $3.29B | $1.44B | $2.08B |
| Accounts Receivable | $3.57B | $3.41B | $3.46B | $3.58B | $3.55B | $3.32B | $3.43B | $3.46B | $3.10B | $3.01B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $136.10M | $143.10M | $129.00M | $169.10M | $146.30M | $145.20M | $100.60M | $84.60M | $67.40M | $96.80M |
| Current Assets | $54.23B | $74.47B | $44.20B | $43.25B | $46.54B | $39.91B | $45.54B | $55.64B | $40.48B | $42.17B |
| Total Assets | $64.48B | $84.64B | $54.32B | $53.37B | $56.45B | $49.51B | $54.36B | $64.18B | $49.32B | $50.97B |
| Current Liabilities | $52.02B | $72.14B | $41.93B | $41.28B | $45.85B | $39.37B | $45.08B | $54.90B | $41.23B | $42.77B |
| Long-term Debt | $3.98B | $3.98B | $3.98B | $3.97B | $2.98B | $2.98B | $2.99B | $2.99B | $2.99B | $2.99B |
| Total Liabilities | $58.13B | $78.25B | $47.95B | $47.18B | $50.59B | $44.16B | $49.82B | $59.55B | $45.85B | $47.46B |
| Stockholders' Equity | $6.35B | $6.39B | $6.37B | $6.19B | $5.86B | $5.35B | $4.55B | $4.63B | $3.47B | $3.51B |
| Retained Earnings | $26.67B | $25.99B | $25.62B | $25.24B | $24.96B | $24.00B | $23.62B | $23.37B | $22.46B | $22.12B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $642.30M | - | - | $824.40M | - | - | $326.50M | - |
| Investing Cash Flow | - | - | ($1.86B) | - | - | ($1.64B) | - | - | ($216.10M) | - |
| Financing Cash Flow | - | - | $164.10M | - | - | ($6.49B) | - | - | ($1.90B) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 48.3% | 46.1% | 45.2% | 45.7% | 47.7% | 45.5% | 45.1% | 47.3% | 44.3% | 44.2% |
| Operating margin | 30.0% | 25.8% | 25.3% | 25.0% | 29.2% | 25.6% | 24.5% | 29.4% | 24.2% | 24.1% |
| EBITDA margin | 32.5% | 28.5% | 28.1% | - | - | 28.4% | - | - | 27.4% | - |
| Net margin | 22.9% | 19.8% | 19.6% | 19.1% | 22.5% | 19.8% | 18.8% | 22.6% | 19.0% | 18.5% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | 4.3% | 4.8% | 4.9% | 4.7% | 4.4% | 4.8% | 4.4% | 4.6% | 5.2% | - |
| SG&A / Revenue | 18.2% | 19.9% | 19.4% | 19.9% | 18.3% | 19.2% | 19.8% | 17.9% | 19.5% | 19.5% |
| Effective tax rate | 23.7% | 23.2% | 22.5% | 23.6% | 23.0% | 22.6% | 23.2% | 23.4% | 21.4% | 23.2% |
| Return on assets | 2.1% | 1.3% | 1.9% | 1.8% | 2.2% | 1.9% | 1.6% | 1.8% | 1.7% | 1.6% |
| Return on equity | 21.4% | 16.6% | 15.9% | 15.6% | 21.3% | 17.9% | 19.3% | 25.6% | 24.7% | 23.2% |
| Return on invested capital | 13.2% | 10.2% | 9.8% | 9.5% | 14.1% | 11.5% | 11.7% | 15.6% | 13.3% | 12.5% |
| Liquidity | ||||||||||
| Current ratio | 1.04 | 1.03 | 1.05 | 1.05 | 1.02 | 1.01 | 1.01 | 1.01 | 0.98 | 0.99 |
| Quick ratio | 1.04 | 1.03 | 1.05 | 1.05 | 1.02 | 1.01 | 1.01 | 1.01 | 0.98 | 0.99 |
| Cash ratio | 0.06 | 0.03 | 0.06 | 0.08 | 0.06 | 0.05 | 0.06 | 0.06 | 0.03 | 0.05 |
| Leverage | ||||||||||
| Debt / Equity | 0.63 | 0.62 | 0.62 | 0.64 | 0.51 | 0.56 | 0.66 | 0.65 | 0.86 | 0.85 |
| Debt / Assets | 0.06 | 0.05 | 0.07 | 0.07 | 0.05 | 0.06 | 0.06 | 0.05 | 0.06 | 0.06 |
| Debt / EBITDA | 2.06 | 2.60 | 2.73 | - | - | 2.17 | - | - | 2.42 | - |
| Interest coverage | 22.6x | 11.1x | 9.7x | 9.7x | 21.7x | 9.0x | 10.9x | 24.7x | 11.9x | 18.6x |
| Equity multiplier | 10.15 | 13.24 | 8.52 | 8.62 | 9.64 | 9.26 | 11.95 | 13.87 | 14.20 | 14.53 |
| Liabilities / Assets | 0.90 | 0.92 | 0.88 | 0.88 | 0.90 | 0.89 | 0.92 | 0.93 | 0.93 | 0.93 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | 0.06 | 0.10 | 0.09 | 0.10 | 0.10 | 0.09 | 0.08 | 0.09 | 0.09 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 219d | 232d | 244d | 259d | 233d | 251d | 268d | 240d | 250d | 250d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 16d | 18d | 17d | 23d | 18d | 20d | 14d | 11d | 10d | 14d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 60.1x | 98.2x | 117.9x | 131.2x | 99.8x | 118.3x | 112.1x | 86.7x | 115.7x | 112.7x |
| P / B | 12.9x | 16.3x | 18.7x | 20.4x | 21.3x | 21.2x | 21.7x | 22.2x | 28.7x | 26.1x |
| P / S | 13.8x | 19.4x | 23.1x | 25.0x | 22.5x | 23.4x | 21.1x | 19.6x | 22.1x | 20.8x |
| EV / EBITDA | 42.8x | 69.1x | 83.1x | - | - | 83.1x | - | - | 81.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 7.0% | 6.2% | 7.1% | 8.1% | 5.7% | 7.1% | 6.3% | 6.6% | 7.0% | 9.1% |
| Revenue CAGR (3y) | 6.4% | 6.9% | 7.1% | 7.8% | 7.2% | 8.0% | 8.1% | 8.6% | 9.1% | 6.2% |
| Revenue CAGR (5y) | 7.7% | 7.7% | 8.3% | 6.6% | 6.5% | 6.7% | 5.9% | 6.4% | 6.3% | 6.3% |
| Gross profit growth (YoY) | 8.2% | 7.1% | 6.4% | 9.5% | 6.6% | 10.1% | 8.6% | 7.9% | 9.6% | 15.2% |
| Operating income growth (YoY) | 9.9% | 9.7% | 5.8% | 10.3% | 4.9% | 13.1% | 8.1% | 13.4% | 8.2% | 27.1% |
| Net income growth (YoY) | 8.8% | 10.3% | 5.9% | 9.7% | 5.5% | 11.3% | 8.0% | 13.6% | 10.3% | 17.1% |
| EPS growth (YoY) | 10.5% | 11.5% | 6.4% | 10.3% | 6.3% | 12.5% | 9.2% | 14.7% | 11.2% | 18.2% |
| EPS CAGR (3y) | 10.4% | 10.3% | 10.0% | 12.5% | 11.5% | 12.4% | 12.2% | 14.9% | 14.1% | 9.1% |
| EPS CAGR (5y) | 12.2% | 11.7% | 12.2% | 9.4% | 10.0% | 11.8% | 10.9% | 10.7% | 12.6% | 13.2% |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 8.5% | 3.3% | 19.2% | 36.1% | 26.6% | 54.0% | 29.6% | 25.3% | 34.8% | 8.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Business segments
$20.57B totalEmployer Services Segment$13.88B · 67.5%
Professional Employee Organization Services Segment$6.69B · 32.5%
Product / service
$52.62B totalRevenues Other Than Interest On Funds Held For Client$12.69B · 24.1%
Revenues Other Than Interest On Funds Held For Clients And PEORevenues$12.69B · 24.1%
HCM$8.67B · 16.5%
PEORevenues$6.68B · 12.7%
PEOZero Margin Benefits Pass Throughs$4.29B · 8.2%
HRO$3.78B · 7.2%
Global$2.63B · 5.0%
Interest On Funds Held For Clients$1.19B · 2.3%
Geographic
$20.56B totalUS$18.18B · 88.4%
Europe$1.53B · 7.5%
CA$489.30M · 2.4%
Other Geographical Places$358.90M · 1.7%
Peer comparison
Same SIC group: Services-Computer Processing & Data Preparation
Comparing AUTOMATIC DATA PROCESSING INC against the 5 most active filers in the same SIC group.
Dividends
$6.48/share trailing 12 months · +10.2% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $1.7000 |
| Dec 12, 2025 | $1.7000 |
| Sep 12, 2025 | $1.5400 |
| Jun 13, 2025 | $1.5400 |
| Mar 14, 2025 | $1.5400 |
| Dec 13, 2024 | $1.5400 |
| Sep 13, 2024 | $1.4000 |
| Jun 14, 2024 | $1.4000 |
| Mar 7, 2024 | $1.4000 |
| Dec 7, 2023 | $1.4000 |
| Sep 7, 2023 | $1.2500 |
| Jun 8, 2023 | $1.2500 |
| Mar 9, 2023 | $1.2500 |
| Dec 8, 2022 | $1.2500 |
| Sep 8, 2022 | $1.0400 |
| Jun 9, 2022 | $1.0400 |
| Mar 10, 2022 | $1.0400 |
| Dec 9, 2021 | $1.0400 |
| Sep 9, 2021 | $0.9300 |
| Jun 10, 2021 | $0.9300 |
| Mar 11, 2021 | $0.9300 |
| Dec 10, 2020 | $0.9300 |
| Sep 10, 2020 | $0.9100 |
| Jun 11, 2020 | $0.9100 |