Automatic Data Processing (ADP) Financials

$325.22 +1.10 (+0.34%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$325.73 +0.50 (+0.16%)

As of 05/30/2025 07:20 PM Eastern

Annual Income Statements for Automatic Data Processing

This table shows Automatic Data Processing's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Income / (Loss) Attributable to Common Shareholders	3,752	3,412	2,949	2,599	2,467	2,293	1,885	1,788	1,493	1,453
Consolidated Net Income / (Loss)	3,752	3,412	2,949	2,599	2,467	2,293	1,885	1,788	1,493	1,453
Net Income / (Loss) Continuing Operations	3,752	3,412	2,949	2,599	2,467	2,293	1,885	1,788	1,493	1,377
Total Pre-Tax Income	4,872	4,438	3,804	3,361	3,183	3,006	2,283	2,617	2,235	2,071
Total Operating Income	4,586	4,254	3,721	3,325	3,142	3,024	2,557	2,354	2,191	2,014
Total Gross Profit	9,682	8,904	7,835	6,365	6,145	6,089	5,517	5,128	4,828	4,511
Total Revenue	19,203	18,012	16,498	15,005	14,590	14,110	13,274	12,372	11,668	10,939
Operating Revenue	19,203	18,012	16,498	15,005	14,590	14,110	13,274	12,372	11,668	10,939
Total Cost of Revenue	10,477	9,953	9,462	8,640	8,445	8,022	7,757	7,245	6,840	6,428
Operating Cost of Revenue	9,521	9,109	8,663	8,640	8,445	8,022	7,757	7,245	6,840	6,428
Total Operating Expenses	5,096	4,650	4,114	3,041	3,003	3,064	2,959	2,774	2,637	2,497
Selling, General & Admin Expense	3,779	3,551	3,233	3,041	3,003	3,064	2,959	2,774	2,637	2,497
Research & Development Expense	956	845	799	-	-	-	-	-	-	-
Other Operating Expenses / (Income)	361	253	82	-	-	-	-	-	-	-
Total Other Income / (Expense), net	287	184	83	37	41	-19	-275	263	44	57
Other Income / (Expense), net	287	184	83	96	148	111	-172	343	100	63
Income Tax Expense	1,120	1,026	855	763	716	713	398	829	741	694
Basic Earnings per Share	$9.14	$8.25	$7.04	$6.10	$5.73	$5.27	$4.28	$3.99	$3.27	$3.07
Weighted Average Basic Shares Outstanding	410.60M	413.70M	418.80M	426.30M	430.80M	435M	440.60M	447.80M	457M	472.60M
Diluted Earnings per Share	$9.10	$8.21	$7.00	$6.07	$5.70	$5.24	$4.25	$3.97	$3.25	$3.05
Weighted Average Diluted Shares Outstanding	412.20M	415.70M	421.10M	428.10M	432.70M	437.60M	443.30M	450.30M	459.10M	475.80M
Weighted Average Basic & Diluted Shares Outstanding	407.80M	411.99M	415.52M	423.08M	429.97M	435.10M	440.40M	447.90M	456.40M	473.10M
Cash Dividends to Common per Share	$5.45	$4.79	$4.05	$3.70	$3.52	$3.06	$2.52	$2.24	$2.08	$1.95

This table shows Automatic Data Processing's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,250	963	956	829	1,185	878	859	777	1,043	813	779
Consolidated Net Income / (Loss)	1,250	963	956	829	1,185	878	859	777	1,043	813	779
Net Income / (Loss) Continuing Operations	1,250	963	956	829	1,185	878	859	777	1,043	813	779
Total Pre-Tax Income	1,622	1,261	1,236	1,089	1,546	1,144	1,093	1,006	1,364	1,058	1,010
Total Operating Income	1,633	1,300	1,272	740	1,545	1,184	1,117	782	1,366	1,085	1,022
Total Gross Profit	2,896	2,545	2,432	2,385	2,728	2,335	2,234	2,215	2,513	2,145	2,032
Total Revenue	5,553	5,048	4,833	4,768	5,254	4,668	4,512	4,478	4,928	4,391	4,216
Operating Revenue	5,553	5,048	4,833	4,768	5,254	4,668	4,512	4,478	4,928	4,391	4,216
Total Cost of Revenue	2,904	2,743	2,634	2,632	2,768	2,562	2,515	2,485	2,624	2,451	2,394
Operating Cost of Revenue	2,657	2,503	2,401	2,384	2,526	2,333	2,279	2,263	2,415	2,247	2,184
Total Operating Expenses	1,263	1,246	1,159	1,644	1,184	1,151	1,117	1,433	1,147	1,060	1,010
Selling, General & Admin Expense	1,016	1,006	927	1,035	941	923	880	957	938	856	800
Research & Development Expense	247	240	233	248	243	229	237	222	209	204	210
Total Other Income / (Expense), net	-11	-39	-36	349	1.60	-40	-24	224	-2.00	-27	-12
Interest Expense	75	130	138	-	63	105	92	-	38	57	51
Other Income / (Expense), net	64	91	102	90	64	65	68	77	36	31	40
Income Tax Expense	372	298	280	260	361	265	233	229	321	245	231
Basic Earnings per Share	$3.07	$2.36	$2.34	$2.02	$2.89	$2.14	$2.09	$1.89	$2.52	$1.96	$1.88
Weighted Average Basic Shares Outstanding	406.90M	407.60M	407.90M	410.60M	410.50M	411.10M	411.70M	413.70M	413.70M	414.30M	414.60M
Diluted Earnings per Share	$3.06	$2.35	$2.34	$2.01	$2.88	$2.13	$2.08	$1.88	$2.51	$1.95	$1.87
Weighted Average Diluted Shares Outstanding	408.50M	409M	409.50M	412.20M	412.10M	412.50M	413.60M	415.70M	415.50M	416.20M	416.90M
Weighted Average Basic & Diluted Shares Outstanding	405.92M	406.87M	407.46M	407.80M	409.29M	410.79M	411.30M	411.99M	413.12M	414.35M	414.83M

This table details how cash moves in and out of Automatic Data Processing's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Change in Cash & Equivalents	1,315	-14,012	9,640	6,090	257	283	-1,645	-7,277	9,772	166
Net Cash From Operating Activities	4,158	4,208	3,100	3,093	3,026	2,688	2,515	2,126	1,897	1,974
Net Cash From Continuing Operating Activities	4,158	4,208	3,100	3,093	3,026	2,688	2,515	2,126	1,897	1,829
Net Income / (Loss) Continuing Operations	3,752	3,412	2,949	2,599	2,467	2,293	1,885	1,788	1,493	1,453
Consolidated Net Income / (Loss)	3,752	3,412	2,949	2,599	2,467	2,293	1,885	1,788	1,493	1,453
Depreciation Expense	562	549	515	511	480	409	378	316	289	278
Amortization Expense	1,025	1,016	1,056	1,005	965	924	909	874	94	100
Non-Cash Adjustments To Reconcile Net Income	296	-897	-867	221	220	204	207	79	150	163
Changes in Operating Assets and Liabilities, net	-1,478	128	-554	-1,241	-1,106	-1,141	-863	-931	-128	-164
Net Cash From Investing Activities	-1,389	-2,517	-7,014	-3,515	3,156	-2,198	-2,505	-1,113	-869	-3,760
Net Cash From Continuing Investing Activities	-1,389	-2,517	-7,014	-3,515	3,156	-2,198	-2,505	-1,113	-869	-5,360
Purchase of Property, Plant & Equipment	-208	-206	-174	-179	-173	-162	-206	-240	-169	-159
Acquisitions	-389	-398	-391	-327	-444	-530	-877	-318	-218	-177
Purchase of Investments	-6,835	-6,619	-10,733	-9,266	-3,905	-4,423	-4,877	-4,383	-5,876	-5,048
Sale of Property, Plant & Equipment	28	0.00	34	19	29	7.90	0.40	0.00	16	24
Sale and/or Maturity of Investments	6,040	4,706	4,250	6,238	7,648	2,909	3,455	3,594	5,215	-
Other Investing Activities, net	-25	0.00	0.00	-	-	-	-	-	-	-
Net Cash From Financing Activities	-1,432	-15,681	13,653	6,438	-5,891	-208	-1,656	-8,282	8,753	1,548
Net Cash From Continuing Financing Activities	-1,432	-15,681	13,653	6,438	-5,891	-208	-1,656	-8,282	8,753	3,696
Repayment of Debt	-0.90	-1.00	-0.90	-1,002	-2.20	-7.90	-13	-2.00	-25	-2.30
Repurchase of Preferred Equity	320	-45	128	9.90	-248	-	0.00	0.00	-	-
Repurchase of Common Equity	-1,232	-1,121	-1,969	-1,372	-1,006	-938	-989	-1,260	-1,156	-1,557
Payment of Dividends	-2,183	-1,904	-1,659	-1,576	-1,471	-1,293	-1,064	-995	-944	-928
Other Financing Activities, net	1,664	-12,610	17,154	8,396	-3,163	1,769	410	-6,025	8,879	6,184
Cash Interest Paid	354	247	75	53	105	128	101	78	38	-
Cash Income Taxes Paid	1,185	1,081	857	974	677	634	530	817	652	773

This table details how cash moves in and out of Automatic Data Processing's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-8,405	13,813	-7,295	-10,039	6,246	6,917	-1,810	-9,269	4,758	7,707	-17,207
Net Cash From Operating Activities	1,526	1,150	824	1,301	1,498	1,032	327	1,186	1,404	900	718
Net Cash From Continuing Operating Activities	1,526	1,150	824	1,301	1,498	1,032	327	1,186	1,404	900	718
Net Income / (Loss) Continuing Operations	1,250	963	956	829	1,185	878	859	777	1,043	813	779
Consolidated Net Income / (Loss)	1,250	963	956	829	1,185	878	859	777	1,043	813	779
Depreciation Expense	147	151	139	136	145	140	142	140	137	137	135
Amortization Expense	268	269	266	259	257	253	257	252	251	253	260
Non-Cash Adjustments To Reconcile Net Income	86	95	73	92	605	350	-200	-1,092	75	308	-188
Changes in Operating Assets and Liabilities, net	-225	-327	-609	-16	-693	-588	-731	1,108	-102	-611	-268
Net Cash From Investing Activities	-556	-1,258	-1,644	-217	-1,094	138	-216	-465	-583	108	-1,578
Net Cash From Continuing Investing Activities	-556	-1,258	-1,644	-217	-1,094	138	-216	-465	-583	108	-1,578
Purchase of Property, Plant & Equipment	-36	-39	-59	-55	-60	-55	-39	-61	-50	-50	-45
Acquisitions	-106	-1,255	-81	-92	-98	-79	-121	-80	-125	-107	-86
Purchase of Investments	-1,666	-1,219	-2,772	-2,470	-3,060	-595	-710	-1,148	-1,764	-643	-3,065
Sale and/or Maturity of Investments	1,259	1,257	1,267	2,415	2,121	871	632	824	1,356	907	1,619
Other Investing Activities, net	-7.00	-1.40	-3.10	-16	-	-8.50	0.00	-	-	-	-
Net Cash From Financing Activities	-9,399	13,974	-6,492	-11,116	5,868	5,720	-1,904	-9,995	3,938	6,678	-16,303
Net Cash From Continuing Financing Activities	-9,399	13,974	-6,492	-11,116	5,868	5,720	-1,904	-9,995	3,938	6,678	-16,303
Repayment of Debt	-0.30	-0.30	-0.30	-0.20	-0.20	-0.30	-0.20	-0.30	-0.20	-0.30	-0.20
Repurchase of Common Equity	-312	-272	-373	-436	-292	-255	-250	-304	-264	-220	-333
Payment of Dividends	-628	-573	-573	-575	-576	-516	-516	-518	-521	-433	-433
Other Financing Activities, net	-8,113	19,492	-11,207	-10,425	6,684	6,491	-1,138	-9,128	4,590	7,519	-15,591
Cash Interest Paid	90	109	141	93	68	96	97	98	44	48	57
Cash Income Taxes Paid	253	519	65	379	216	503	88	302	242	480	58

This table presents Automatic Data Processing's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Total Assets	54,363	50,971	63,068	48,773	39,166	41,888	38,849	37,180	43,670	33,111
Total Current Assets	45,543	42,171	54,805	40,742	31,564	34,342	31,823	32,659	39,500	28,809
Cash & Equivalents	2,913	2,084	1,436	2,575	1,909	1,949	2,170	2,780	3,191	1,639
Accounts Receivable	3,428	3,010	3,171	2,727	2,441	2,439	1,984	1,704	1,743	1,547
Other Current Assets	39,201	37,078	50,198	35,439	27,214	29,943	27,669	28,175	34,567	25,596
Plant, Property, & Equipment, net	686	681	653	685	704	764	794	780	685	673
Total Noncurrent Assets	8,135	8,119	7,611	7,346	6,898	6,781	6,232	3,741	3,485	3,629
Noncurrent Note & Lease Receivables	7.30	8.50	9.10	12	19	24	26	28	27	32
Goodwill	2,354	2,339	2,301	2,338	2,309	2,323	2,244	1,741	1,682	1,794
Intangible Assets	1,336	1,344	1,333	1,210	1,216	1,072	886	620	534	503
Other Noncurrent Operating Assets	4,438	4,428	3,968	3,786	3,354	3,363	3,077	1,352	1,241	1,271
Total Liabilities & Shareholders' Equity	54,363	50,971	63,068	48,773	39,166	41,888	38,849	37,180	43,670	33,101
Total Liabilities	49,815	47,462	59,843	43,102	33,413	36,488	34,113	33,203	39,188	28,293
Total Current Liabilities	45,080	42,768	55,159	38,095	30,127	32,628	30,413	29,816	35,847	27,114
Short-Term Debt	1.10	-	-	-	1,002	0.00	-	-	-	-
Accounts Payable	101	97	110	141	102	126	135	150	152	195
Accrued Expenses	3,349	2,343	2,108	1,963	1,981	1,759	1,548	1,382	1,247	1,159
Dividends Payable	566	510	430	391	387	340	299	251	238	226
Current Deferred Revenue	200	189	188	204	213	221	226	233	233	229
Current Deferred & Payable Income Tax Liabilities	15	44	38	58	40	55	44	49	28	27
Current Employee Benefit Liabilities	959	941	863	910	557	721	668	563	617	627
Other Current Liabilities	39,504	38,539	51,286	34,404	25,832	29,145	27,494	27,189	33,332	24,651
Other Current Nonoperating Liabilities	385	105	136	24	14	262	0.00	-	-	-
Total Noncurrent Liabilities	4,735	4,694	4,684	5,008	3,287	3,860	3,701	3,387	3,341	1,179
Long-Term Debt	2,991	2,989	2,987	2,985	1,003	2,002	2,002	2,002	2,008	-
Noncurrent Deferred Revenue	360	348	335	362	371	399	448	391	381	363
Noncurrent Deferred & Payable Income Tax Liabilities	64	74	67	483	732	660	522	163	251	172
Other Noncurrent Operating Liabilities	1,319	1,284	1,295	1,177	1,181	799	728	830	701	644
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	4,548	3,509	3,225	5,670	5,752	5,400	4,736	3,977	4,482	4,809
Total Preferred & Common Equity	4,548	3,509	3,225	5,670	5,752	5,400	4,736	3,977	4,482	4,809
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,548	3,509	3,225	5,670	5,752	5,400	4,736	3,977	4,482	4,809
Common Stock	2,471	2,166	1,858	1,595	1,398	1,247	1,079	932	832	727
Retained Earnings	23,622	22,118	20,696	19,451	18,436	17,501	16,547	14,728	14,003	13,460
Treasury Stock	-19,737	-18,469	-17,335	-15,387	-14,067	-13,091	-12,210	-11,304	-10,139	-9,118
Accumulated Other Comprehensive Income / (Loss)	-1,808	-2,306	-1,994	11	-15	-257	-680	-379	-215	-261

This table presents Automatic Data Processing's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	56,449	64,097	49,511	54,363	64,182	57,069	49,324	50,971	59,882	54,453	46,365
Total Current Assets	46,537	54,254	39,911	45,543	55,640	48,543	40,480	42,171	51,518	46,144	37,969
Cash & Equivalents	2,681	2,216	2,105	2,913	3,292	1,641	1,441	2,084	1,828	1,345	1,208
Accounts Receivable	3,548	3,504	3,317	3,428	3,461	3,372	3,095	3,010	3,072	3,162	2,939
Other Current Assets	40,308	48,535	29,247	39,201	48,887	43,530	35,944	37,078	46,618	41,636	33,822
Plant, Property, & Equipment, net	670	682	693	686	677	671	660	681	664	655	645
Total Noncurrent Assets	9,241	9,160	8,908	8,135	7,866	7,855	8,183	8,119	7,700	7,654	7,751
Noncurrent Note & Lease Receivables	5.10	5.90	6.60	7.30	7.00	7.60	8.30	8.50	8.90	7.70	8.20
Goodwill	3,300	3,184	2,369	2,354	2,355	2,370	2,353	2,339	2,336	2,315	2,273
Intangible Assets	1,604	1,739	1,330	1,336	1,295	1,315	1,332	1,344	1,360	1,366	1,369
Other Noncurrent Operating Assets	4,332	4,231	4,261	4,438	4,208	4,163	4,491	4,428	3,995	3,966	4,101
Total Liabilities & Shareholders' Equity	56,449	64,097	49,511	54,363	64,182	57,069	49,324	50,971	59,882	54,453	46,365
Total Liabilities	50,593	59,019	44,163	49,815	59,555	52,750	45,851	47,462	56,188	51,466	43,788
Total Current Liabilities	45,845	54,303	39,372	45,080	54,902	48,098	41,229	42,768	51,536	46,814	39,166
Short-Term Debt	1,001	1,001	5,376	1.10	-	-	-	-	-	-	-
Accounts Payable	146	186	145	101	85	77	67	97	75	85	83
Accrued Expenses	2,977	3,089	2,974	3,349	3,715	2,635	2,292	2,343	2,189	2,373	2,165
Dividends Payable	621	622	566	566	569	570	510	510	512	515	429
Current Deferred Revenue	241	237	189	200	189	188	183	189	187	177	172
Current Deferred & Payable Income Tax Liabilities	64	4.40	170	15	110	1.10	180	44	62	11	177
Current Employee Benefit Liabilities	732	683	553	959	722	603	554	941	755	591	501
Other Current Liabilities	40,063	48,482	28,721	39,504	49,512	44,002	37,099	38,539	47,757	43,062	35,472
Other Current Nonoperating Liabilities	0.00	0.00	679	385	0.00	22	344	105	0.00	0.00	168
Total Noncurrent Liabilities	4,748	4,716	4,790	4,735	4,653	4,652	4,622	4,694	4,652	4,653	4,622
Long-Term Debt	2,983	2,982	2,981	2,991	2,991	2,990	2,990	2,989	2,989	2,988	2,988
Noncurrent Deferred Revenue	362	343	362	360	353	348	337	348	345	332	318
Noncurrent Deferred & Payable Income Tax Liabilities	129	91	154	64	64	68	68	74	68	67	66
Other Noncurrent Operating Liabilities	1,274	1,300	1,293	1,319	1,245	1,246	1,227	1,284	1,251	1,266	1,251
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,855	5,078	5,349	4,548	4,627	4,320	3,473	3,509	3,694	2,987	2,577
Total Preferred & Common Equity	5,855	5,078	5,349	4,548	4,627	4,320	3,473	3,509	3,694	2,987	2,577
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	5,855	5,078	5,349	4,548	4,627	4,320	3,473	3,509	3,694	2,987	2,577
Common Stock	2,785	2,684	2,593	2,471	2,418	2,327	2,253	2,166	2,126	2,018	1,957
Retained Earnings	24,957	24,336	24,001	23,622	23,366	22,757	22,455	22,118	21,858	21,333	21,039
Treasury Stock	-20,700	-20,412	-20,145	-19,737	-19,305	-19,019	-18,767	-18,469	-18,162	-17,914	-17,695
Accumulated Other Comprehensive Income / (Loss)	-1,186	-1,529	-1,100	-1,808	-1,852	-1,745	-2,468	-2,306	-2,128	-2,451	-2,724

This table displays calculated financial ratios and metrics derived from Automatic Data Processing's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.61%	9.18%	9.95%	2.85%	3.40%	6.30%	7.29%	6.04%	6.67%	6.96%
EBITDA Growth	7.60%	11.67%	8.89%	4.26%	5.96%	21.70%	-5.53%	45.38%	8.89%	9.31%
EBIT Growth	9.80%	16.65%	11.20%	3.99%	4.92%	31.45%	-11.55%	17.72%	10.29%	10.18%
NOPAT Growth	7.96%	13.39%	12.24%	5.56%	5.53%	9.25%	31.33%	9.85%	9.34%	11.55%
Net Income Growth	9.96%	15.70%	13.48%	5.35%	7.58%	21.64%	5.43%	19.79%	2.75%	-4.18%
EPS Growth	10.84%	17.29%	15.32%	6.49%	8.78%	23.29%	7.05%	22.15%	6.56%	-2.87%
Operating Cash Flow Growth	-1.19%	35.75%	0.20%	2.22%	12.57%	6.88%	18.31%	12.05%	-3.89%	8.38%
Free Cash Flow Firm Growth	-16.72%	-11.24%	73.61%	4.26%	97.38%	62.77%	-59.05%	32.79%	-18.80%	-29.22%
Invested Capital Growth	10.88%	-5.84%	-17.74%	3.92%	3.39%	24.19%	41.10%	-2.46%	5.59%	-6.51%
Revenue Q/Q Growth	1.54%	1.98%	2.42%	2.46%	-0.70%	1.56%	1.57%	1.30%	1.78%	1.38%
EBITDA Q/Q Growth	-0.41%	1.82%	0.91%	3.95%	-2.03%	9.66%	-17.42%	27.78%	6.33%	5.57%
EBIT Q/Q Growth	-0.59%	2.57%	0.89%	5.15%	-3.52%	13.93%	-8.21%	1.95%	2.78%	1.42%
NOPAT Q/Q Growth	-1.22%	0.73%	1.67%	4.55%	-1.88%	4.41%	6.27%	-0.28%	2.53%	1.90%
Net Income Q/Q Growth	1.42%	4.64%	3.05%	5.12%	-2.53%	17.09%	-8.69%	2.19%	-3.50%	3.38%
EPS Q/Q Growth	1.45%	4.99%	3.40%	5.20%	-2.23%	17.23%	-8.60%	1.28%	-4.41%	2.01%
Operating Cash Flow Q/Q Growth	2.84%	6.93%	9.16%	-3.85%	1.49%	1.02%	10.94%	-8.82%	8.78%	-4.58%
Free Cash Flow Firm Q/Q Growth	-26.25%	-7.14%	33.24%	-5.63%	7.80%	145.37%	-48.01%	-16.43%	6.13%	-45.20%
Invested Capital Q/Q Growth	13.95%	-6.25%	-10.62%	5.26%	1.20%	4.90%	21.28%	2.63%	-6.36%	-5.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.42%	49.43%	47.49%	42.42%	42.12%	43.15%	41.56%	41.44%	41.37%	41.24%
EBITDA Margin	33.64%	33.33%	32.58%	32.90%	32.45%	31.67%	27.66%	31.42%	22.91%	22.45%
Operating Margin	23.88%	23.62%	22.56%	22.16%	21.53%	21.43%	19.27%	19.02%	18.77%	18.41%
EBIT Margin	25.37%	24.64%	23.06%	22.80%	22.55%	22.22%	17.97%	21.80%	19.63%	18.99%
Profit (Net Income) Margin	19.54%	18.94%	17.87%	17.32%	16.91%	16.25%	14.20%	14.45%	12.79%	13.28%
Tax Burden Percent	77.01%	76.89%	77.52%	77.31%	77.50%	76.28%	82.58%	68.32%	66.79%	70.15%
Interest Burden Percent	100.00%	100.00%	100.00%	98.25%	96.74%	95.86%	95.69%	97.03%	97.55%	99.69%
Effective Tax Rate	22.99%	23.11%	22.48%	22.69%	22.50%	23.72%	17.42%	31.68%	33.17%	33.52%
Return on Invested Capital (ROIC)	66.58%	63.07%	48.74%	40.34%	39.61%	42.29%	50.79%	46.03%	42.52%	38.63%
ROIC Less NNEP Spread (ROIC-NNEP)	83.89%	70.83%	53.11%	44.62%	45.16%	38.59%	165.33%	21.61%	40.14%	33.63%
Return on Net Nonoperating Assets (RNNOA)	26.56%	38.26%	17.56%	5.16%	4.62%	2.95%	-7.52%	-3.76%	-10.39%	-13.32%
Return on Equity (ROE)	93.14%	101.33%	66.30%	45.50%	44.23%	45.24%	43.27%	42.27%	32.13%	25.31%
Cash Return on Invested Capital (CROIC)	56.26%	69.09%	68.21%	36.49%	36.28%	20.71%	16.69%	48.53%	37.08%	45.36%
Operating Return on Assets (OROA)	9.25%	7.78%	6.80%	7.78%	8.12%	7.77%	6.27%	6.67%	5.97%	6.37%
Return on Assets (ROA)	7.12%	5.98%	5.27%	5.91%	6.09%	5.68%	4.96%	4.42%	3.89%	4.46%
Return on Common Equity (ROCE)	93.14%	101.33%	66.30%	45.50%	44.23%	45.24%	43.27%	42.27%	32.13%	25.31%
Return on Equity Simple (ROE_SIMPLE)	82.51%	97.23%	91.43%	45.83%	42.88%	42.46%	39.80%	44.95%	33.30%	30.21%
Net Operating Profit after Tax (NOPAT)	3,531	3,271	2,885	2,570	2,435	2,307	2,112	1,608	1,464	1,339
NOPAT Margin	18.39%	18.16%	17.48%	17.13%	16.69%	16.35%	15.91%	13.00%	12.55%	12.24%
Net Nonoperating Expense Percent (NNEP)	-17.31%	-7.76%	-4.37%	-4.28%	-5.55%	3.70%	-114.55%	24.42%	2.38%	5.00%
Cost of Revenue to Revenue	54.56%	55.26%	57.35%	57.58%	57.88%	56.85%	58.44%	58.56%	58.63%	58.76%
SG&A Expenses to Revenue	19.68%	19.72%	19.60%	20.26%	20.58%	21.72%	22.29%	22.42%	22.60%	22.83%
R&D to Revenue	4.98%	4.69%	4.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.54%	25.81%	24.93%	20.26%	20.58%	21.72%	22.29%	22.42%	22.60%	22.83%
Earnings before Interest and Taxes (EBIT)	4,872	4,438	3,804	3,421	3,290	3,136	2,385	2,697	2,291	2,077
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,459	6,003	5,375	4,936	4,735	4,469	3,672	3,887	2,674	2,455
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	21.48	25.30	26.06	14.01	10.23	11.98	11.00	9.94	7.87	6.44
Price to Tangible Book Value (P/TBV)	113.86	0.00	0.00	37.45	26.43	32.27	32.42	24.47	15.57	12.33
Price to Revenue (P/Rev)	5.09	4.93	5.09	5.29	4.03	4.59	3.92	3.20	3.02	2.83
Price to Earnings (P/E)	26.04	26.02	28.50	30.58	23.86	28.23	27.63	22.12	23.64	21.33
Dividend Yield	2.28%	2.23%	2.01%	1.98%	2.57%	2.06%	2.13%	2.53%	2.69%	2.87%
Earnings Yield	3.84%	3.84%	3.51%	3.27%	4.19%	3.54%	3.62%	4.52%	4.23%	4.69%
Enterprise Value to Invested Capital (EV/IC)	17.53	17.83	16.02	12.30	9.43	10.71	10.66	11.24	9.64	8.74
Enterprise Value to Revenue (EV/Rev)	5.09	4.98	5.19	5.32	4.04	4.59	3.91	3.13	2.92	2.68
Enterprise Value to EBITDA (EV/EBITDA)	15.14	14.94	15.92	16.18	12.45	14.49	14.14	9.97	12.75	11.93
Enterprise Value to EBIT (EV/EBIT)	20.07	20.21	22.50	23.34	17.92	20.65	21.76	14.38	14.88	14.10
Enterprise Value to NOPAT (EV/NOPAT)	27.69	27.42	29.67	31.07	24.21	28.07	24.58	24.11	23.29	21.87
Enterprise Value to Operating Cash Flow (EV/OCF)	23.52	21.31	27.61	25.82	19.48	24.09	20.64	18.24	17.97	14.84
Enterprise Value to Free Cash Flow (EV/FCFF)	32.77	25.03	21.20	34.34	26.43	57.32	74.78	22.87	26.71	18.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.85	0.93	0.53	0.35	0.37	0.42	0.50	0.45	0.00
Long-Term Debt to Equity	0.66	0.85	0.93	0.53	0.17	0.37	0.42	0.50	0.45	0.00
Financial Leverage	0.32	0.54	0.33	0.12	0.10	0.08	-0.05	-0.17	-0.26	-0.40
Leverage Ratio	13.07	16.93	12.57	7.70	7.27	7.97	8.73	9.56	8.26	5.68
Compound Leverage Factor	13.07	16.93	12.57	7.56	7.03	7.64	8.35	9.27	8.06	5.66
Debt to Total Capital	39.68%	46.00%	48.08%	34.49%	25.84%	27.05%	29.72%	33.49%	30.94%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	12.92%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	39.68%	46.00%	48.08%	34.49%	12.93%	27.05%	29.72%	33.49%	30.94%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.32%	54.00%	51.92%	65.51%	74.16%	72.95%	70.28%	66.51%	69.06%	100.00%
Debt to EBITDA	0.46	0.50	0.56	0.60	0.42	0.45	0.55	0.52	0.75	0.00
Net Debt to EBITDA	0.01	0.15	0.29	0.08	0.02	0.01	-0.05	-0.20	-0.44	0.00
Long-Term Debt to EBITDA	0.46	0.50	0.56	0.60	0.21	0.45	0.55	0.52	0.75	0.00
Debt to NOPAT	0.85	0.91	1.04	1.16	0.82	0.87	0.95	1.25	1.37	0.00
Net Debt to NOPAT	0.02	0.28	0.54	0.16	0.04	0.02	-0.08	-0.48	-0.81	0.00
Long-Term Debt to NOPAT	0.85	0.91	1.04	1.16	0.41	0.87	0.95	1.25	1.37	0.00
Altman Z-Score	2.44	2.36	1.76	2.27	2.41	2.28	2.10	1.93	1.53	1.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	0.99	0.99	1.07	1.05	1.05	1.05	1.10	1.10	1.06
Quick Ratio	0.14	0.12	0.08	0.14	0.14	0.13	0.14	0.15	0.14	0.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,984	3,583	4,037	2,325	2,230	1,130	694	1,695	1,277	1,572
Operating Cash Flow to CapEx	2,308.50%	2,039.55%	2,210.77%	1,935.73%	2,111.79%	1,744.52%	1,222.75%	885.05%	1,241.69%	1,460.06%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	38.95	20.82	8.70	6.76	21.19	22.71	241.86
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	51.81	28.26	20.70	24.49	26.57	33.76	303.69
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	49.14	26.92	19.51	22.49	23.57	31.04	282.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.32	0.30	0.34	0.36	0.35	0.35	0.31	0.30	0.34
Accounts Receivable Turnover	5.97	5.83	5.59	5.81	5.98	6.38	7.20	7.18	7.09	7.18
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	28.09	27.00	24.68	21.62	19.88	18.11	16.87	16.89	17.19	16.33
Accounts Payable Turnover	106.15	96.17	75.30	71.08	74.24	61.49	54.42	47.98	39.45	37.09
Days Sales Outstanding (DSO)	61.18	62.62	65.24	62.86	61.05	57.21	50.70	50.84	51.46	50.82
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	3.44	3.80	4.85	5.13	4.92	5.94	6.71	7.61	9.25	9.84
Cash Conversion Cycle (CCC)	57.75	58.82	60.40	57.73	56.13	51.28	43.99	43.23	42.20	40.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,577	5,030	5,342	6,494	6,249	6,045	4,867	3,450	3,537	3,349
Invested Capital Turnover	3.62	3.47	2.79	2.36	2.37	2.59	3.19	3.54	3.39	3.16
Increase / (Decrease) in Invested Capital	547	-312	-1,152	245	205	1,177	1,418	-87	187	-233
Enterprise Value (EV)	97,772	89,682	85,591	79,859	58,949	64,758	51,907	38,768	34,098	29,285
Market Capitalization	97,694	88,776	84,040	79,449	58,853	64,716	52,074	39,546	35,282	30,980
Book Value per Share	$11.11	$8.49	$7.72	$13.33	$13.38	$12.41	$10.75	$8.89	$9.84	$10.24
Tangible Book Value per Share	$2.10	($0.42)	($0.98)	$4.99	$5.18	$4.61	$3.65	$3.61	$4.97	$5.35
Total Capital	7,539	6,498	6,212	8,655	7,757	7,402	6,738	5,979	6,489	4,809
Total Debt	2,991	2,989	2,987	2,985	2,005	2,002	2,002	2,002	2,008	0.00
Total Long-Term Debt	2,991	2,989	2,987	2,985	1,003	2,002	2,002	2,002	2,008	0.00
Net Debt	78	906	1,551	410	96	43	-168	-778	-1,183	-1,695
Capital Expenditures (CapEx)	180	206	140	160	143	154	206	240	153	135
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,451	-2,681	-1,790	72	531	-245	-759	62	462	30
Debt-free Net Working Capital (DFNWC)	463	-597	-354	2,647	2,439	1,715	1,411	2,843	3,653	1,696
Net Working Capital (NWC)	463	-597	-354	2,647	1,438	1,715	1,411	2,843	3,653	1,696
Net Nonoperating Expense (NNE)	-221	-141	-64	-28	-32	14	227	-180	-29	-114
Net Nonoperating Obligations (NNO)	1,030	1,521	2,117	824	497	645	131	-528	-945	-1,459
Total Depreciation and Amortization (D&A)	1,587	1,565	1,571	1,516	1,445	1,333	1,287	1,190	383	378
Debt-free, Cash-free Net Working Capital to Revenue	-12.76%	-14.88%	-10.85%	0.48%	3.64%	-1.74%	-5.72%	0.50%	3.96%	0.27%
Debt-free Net Working Capital to Revenue	2.41%	-3.31%	-2.14%	17.64%	16.72%	12.15%	10.63%	22.98%	31.31%	15.50%
Net Working Capital to Revenue	2.41%	-3.31%	-2.14%	17.64%	9.85%	12.15%	10.63%	22.98%	31.31%	15.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$9.14	$8.25	$7.04	$6.10	$5.73	$5.27	$3.68	$3.87	$3.27	$3.07
Adjusted Weighted Average Basic Shares Outstanding	410.60M	413.70M	418.80M	426.30M	430.80M	435M	440.60M	447.80M	457M	472.60M
Adjusted Diluted Earnings per Share	$9.10	$8.21	$7.00	$6.07	$5.70	$5.24	$3.66	$3.85	$3.25	$3.05
Adjusted Weighted Average Diluted Shares Outstanding	412.20M	415.70M	421.10M	428.10M	432.70M	437.60M	443.30M	450.30M	459.10M	475.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	407.80M	411.99M	415.52M	423.08M	429.97M	433.94M	438.08M	444.37M	456.18M	465.81M
Normalized Net Operating Profit after Tax (NOPAT)	3,531	3,271	2,885	2,570	2,435	2,307	2,112	1,608	1,464	1,339
Normalized NOPAT Margin	18.39%	18.16%	17.48%	17.13%	16.69%	16.35%	15.91%	13.00%	12.55%	12.24%
Pre Tax Income Margin	25.37%	24.64%	23.06%	22.40%	21.81%	21.30%	17.20%	21.15%	19.15%	18.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	57.30	30.72	24.14	23.23	33.71	40.76	319.57
NOPAT to Interest Expense	0.00	0.00	0.00	43.05	22.73	17.76	20.56	20.10	26.05	205.97
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	54.62	29.38	22.95	21.22	30.71	38.04	298.77
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	40.38	21.40	16.57	18.56	17.10	23.33	185.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	58.19%	55.79%	56.26%	60.63%	59.62%	56.39%	56.43%	55.67%	63.22%	63.86%
Augmented Payout Ratio	91.01%	88.66%	123.04%	113.44%	100.42%	97.29%	108.92%	126.12%	140.66%	171.07%

This table displays calculated financial ratios and metrics derived from Automatic Data Processing's official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.69%	8.15%	7.10%	6.49%	6.62%	6.31%	7.04%	8.48%	9.19%	9.08%	10.00%
EBITDA Growth	5.04%	10.31%	12.37%	-2.13%	12.25%	9.09%	8.72%	9.39%	11.62%	14.12%	11.27%
EBIT Growth	5.45%	11.39%	16.01%	-3.35%	14.74%	11.98%	11.61%	14.84%	16.06%	20.10%	15.44%
NOPAT Growth	6.28%	9.17%	12.07%	-6.69%	13.31%	9.09%	11.44%	4.03%	13.13%	21.12%	13.80%
Net Income Growth	5.45%	9.65%	11.28%	6.76%	13.59%	8.03%	10.32%	24.19%	12.34%	17.09%	11.21%
EPS Growth	6.25%	10.33%	12.50%	6.91%	14.74%	9.23%	11.23%	26.17%	13.57%	18.18%	13.33%
Operating Cash Flow Growth	1.85%	11.42%	152.50%	9.69%	6.69%	14.75%	-54.53%	29.88%	44.60%	-17.74%	489.09%
Free Cash Flow Firm Growth	-198.26%	-3.49%	546.71%	-98.23%	-0.08%	-108.54%	-101.46%	-47.13%	48.42%	271.20%	2,907.92%
Invested Capital Growth	58.92%	19.27%	13.41%	10.88%	-8.78%	21.68%	18.62%	-5.84%	-10.23%	-23.50%	-30.92%
Revenue Q/Q Growth	10.00%	4.46%	1.35%	-9.24%	12.55%	3.45%	0.77%	-9.13%	12.23%	4.16%	2.13%
EBITDA Q/Q Growth	16.63%	1.80%	45.17%	-39.05%	22.47%	3.70%	26.44%	-30.10%	19.02%	3.35%	27.22%
EBIT Q/Q Growth	21.99%	1.23%	65.50%	-48.40%	28.85%	5.43%	37.88%	-38.74%	25.76%	5.08%	41.87%
NOPAT Q/Q Growth	26.74%	0.85%	74.65%	-52.39%	30.19%	3.53%	45.40%	-42.18%	25.34%	5.77%	35.73%
Net Income Q/Q Growth	29.72%	0.72%	15.31%	-30.01%	34.89%	2.21%	10.63%	-25.53%	28.29%	4.38%	24.54%
EPS Q/Q Growth	30.21%	0.43%	16.42%	-30.21%	35.21%	2.40%	10.64%	-25.10%	28.72%	4.28%	25.50%
Operating Cash Flow Q/Q Growth	32.64%	39.53%	-36.61%	-13.18%	45.11%	216.20%	-72.46%	-15.55%	56.06%	25.29%	-21.34%
Free Cash Flow Firm Q/Q Growth	-661.93%	-208.81%	1,106.97%	-99.02%	902.44%	-369.67%	-104.79%	-44.68%	-31.38%	-19.68%	73.41%
Invested Capital Q/Q Growth	4.19%	12.05%	19.47%	13.95%	-21.81%	6.55%	16.80%	-6.25%	4.30%	3.87%	-7.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.15%	50.42%	50.32%	50.01%	51.93%	50.02%	49.50%	49.46%	50.99%	48.84%	48.20%
EBITDA Margin	38.02%	35.86%	36.80%	25.69%	38.26%	35.16%	35.07%	27.95%	36.34%	34.27%	34.53%
Operating Margin	29.41%	25.75%	26.33%	15.53%	29.40%	25.36%	24.75%	17.46%	27.72%	24.70%	24.24%
EBIT Margin	30.55%	27.55%	28.43%	17.41%	30.63%	26.75%	26.25%	19.18%	28.46%	25.40%	25.17%
Profit (Net Income) Margin	22.50%	19.08%	19.79%	17.39%	22.55%	18.82%	19.05%	17.35%	21.17%	18.52%	18.48%
Tax Burden Percent	77.04%	76.37%	77.36%	76.12%	76.63%	76.80%	78.64%	77.26%	76.47%	76.85%	77.13%
Interest Burden Percent	95.59%	90.68%	89.97%	131.22%	96.10%	91.60%	92.27%	117.05%	97.27%	94.89%	95.18%
Effective Tax Rate	22.96%	23.63%	22.64%	23.88%	23.37%	23.20%	21.36%	22.74%	23.53%	23.15%	22.87%
Return on Invested Capital (ROIC)	72.23%	57.02%	63.42%	42.79%	83.06%	63.49%	65.82%	46.85%	66.02%	55.17%	52.06%
ROIC Less NNEP Spread (ROIC-NNEP)	71.45%	55.66%	61.92%	63.63%	83.18%	61.98%	65.03%	56.35%	65.93%	54.10%	51.63%
Return on Net Nonoperating Assets (RNNOA)	14.94%	25.63%	26.09%	20.14%	19.39%	34.76%	51.37%	30.44%	28.89%	25.80%	27.32%
Return on Equity (ROE)	87.17%	82.66%	89.51%	62.93%	102.45%	98.25%	117.19%	77.29%	94.91%	80.97%	79.39%
Cash Return on Invested Capital (CROIC)	14.39%	36.66%	45.46%	56.26%	78.87%	40.70%	45.03%	69.09%	68.04%	79.30%	85.74%
Operating Return on Assets (OROA)	10.23%	9.05%	11.23%	6.35%	9.34%	8.92%	10.04%	6.06%	7.62%	7.71%	7.99%
Return on Assets (ROA)	7.54%	6.27%	7.82%	6.34%	6.88%	6.27%	7.29%	5.48%	5.67%	5.63%	5.87%
Return on Common Equity (ROCE)	87.17%	82.66%	89.51%	62.93%	102.45%	98.25%	117.19%	77.29%	94.91%	80.97%	79.39%
Return on Equity Simple (ROE_SIMPLE)	68.29%	77.46%	71.96%	0.00%	79.96%	82.36%	100.56%	0.00%	88.27%	105.34%	117.50%
Net Operating Profit after Tax (NOPAT)	1,258	993	984	564	1,184	909	878	604	1,045	833	788
NOPAT Margin	22.66%	19.66%	20.37%	11.82%	22.53%	19.48%	19.46%	13.49%	21.20%	18.98%	18.69%
Net Nonoperating Expense Percent (NNEP)	0.78%	1.36%	1.50%	-20.84%	-0.13%	1.50%	0.79%	-9.50%	0.09%	1.06%	0.43%
Return On Investment Capital (ROIC_SIMPLE)	12.79%	10.96%	-	-	-	12.44%	-	-	-	-	-
Cost of Revenue to Revenue	52.30%	54.32%	54.50%	55.19%	52.69%	54.88%	55.74%	55.50%	53.24%	55.81%	56.78%
SG&A Expenses to Revenue	18.29%	19.93%	19.18%	21.71%	17.91%	19.76%	19.51%	21.38%	19.03%	19.49%	18.98%
R&D to Revenue	4.45%	4.74%	4.81%	5.20%	4.62%	4.90%	5.24%	4.96%	4.23%	4.65%	4.98%
Operating Expenses to Revenue	22.74%	24.67%	23.99%	34.49%	22.53%	24.66%	24.75%	32.00%	23.27%	24.14%	23.96%
Earnings before Interest and Taxes (EBIT)	1,697	1,391	1,374	830	1,609	1,249	1,184	859	1,402	1,115	1,061
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,112	1,811	1,779	1,225	2,010	1,641	1,583	1,252	1,791	1,505	1,456
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	21.23	23.49	21.10	21.48	22.05	21.71	27.90	25.30	24.28	32.07	35.09
Price to Tangible Book Value (P/TBV)	130.74	769.02	68.42	113.86	104.51	147.73	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	6.15	5.99	5.78	5.09	5.39	5.04	5.29	4.93	5.08	5.55	5.36
Price to Earnings (P/E)	31.09	30.32	29.32	26.04	27.57	26.36	27.75	26.02	27.50	30.44	29.86
Dividend Yield	1.92%	1.96%	2.02%	2.28%	2.13%	2.26%	2.13%	2.23%	2.12%	1.89%	1.91%
Earnings Yield	3.22%	3.30%	3.41%	3.84%	3.63%	3.79%	3.60%	3.84%	3.64%	3.28%	3.35%
Enterprise Value to Invested Capital (EV/IC)	16.15	16.21	16.95	17.53	20.78	15.19	16.76	17.83	16.93	18.94	18.61
Enterprise Value to Revenue (EV/Rev)	6.22	6.08	5.78	5.09	5.38	5.12	5.38	4.98	5.14	5.65	5.46
Enterprise Value to EBITDA (EV/EBITDA)	18.14	17.74	16.97	15.14	15.68	15.18	16.06	14.94	15.41	17.06	16.69
Enterprise Value to EBIT (EV/EBIT)	23.74	23.26	22.31	20.07	20.75	20.26	21.59	20.21	20.99	23.57	23.36
Enterprise Value to NOPAT (EV/NOPAT)	33.09	32.52	31.04	27.69	28.45	27.68	29.30	27.42	27.97	31.17	30.93
Enterprise Value to Operating Cash Flow (EV/OCF)	26.16	25.36	24.25	23.52	25.16	24.09	25.80	21.31	23.08	27.82	24.94
Enterprise Value to Free Cash Flow (EV/FCFF)	137.72	48.11	39.62	32.77	25.14	40.99	40.38	25.03	23.54	20.70	17.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.78	1.56	0.66	0.65	0.69	0.86	0.85	0.81	1.00	1.16
Long-Term Debt to Equity	0.51	0.59	0.56	0.66	0.65	0.69	0.86	0.85	0.81	1.00	1.16
Financial Leverage	0.21	0.46	0.42	0.32	0.23	0.56	0.79	0.54	0.44	0.48	0.53
Leverage Ratio	11.51	12.89	11.20	13.07	14.91	15.26	15.82	16.93	16.73	14.13	13.42
Compound Leverage Factor	11.00	11.69	10.08	17.16	14.33	13.98	14.59	19.82	16.27	13.41	12.77
Debt to Total Capital	40.49%	43.95%	60.98%	39.68%	39.26%	40.91%	46.26%	46.00%	44.72%	50.01%	53.69%
Short-Term Debt to Total Capital	10.17%	11.04%	39.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	30.31%	32.91%	21.75%	39.68%	39.26%	40.91%	46.26%	46.00%	44.72%	50.01%	53.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.51%	56.05%	39.02%	60.32%	60.74%	59.09%	53.74%	54.00%	55.28%	49.99%	46.31%
Debt to EBITDA	0.58	0.58	1.26	0.46	0.46	0.48	0.49	0.50	0.51	0.52	0.54
Net Debt to EBITDA	0.19	0.26	0.01	0.01	-0.05	0.22	0.25	0.15	0.20	0.29	0.32
Long-Term Debt to EBITDA	0.43	0.44	0.45	0.46	0.46	0.48	0.49	0.50	0.51	0.52	0.54
Debt to NOPAT	1.05	1.07	2.30	0.85	0.84	0.87	0.89	0.91	0.92	0.96	1.00
Net Debt to NOPAT	0.34	0.47	0.02	0.02	-0.08	0.39	0.46	0.28	0.36	0.53	0.60
Long-Term Debt to NOPAT	0.79	0.80	0.82	0.85	0.84	0.87	0.89	0.91	0.92	0.96	1.00
Altman Z-Score	2.57	2.13	2.71	2.20	1.93	2.03	2.34	2.12	1.84	2.03	2.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.00	1.01	1.01	1.01	1.01	0.98	0.99	1.00	0.99	0.97
Quick Ratio	0.14	0.11	0.27	0.14	0.12	0.10	0.11	0.12	0.10	0.10	0.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,626	-213	196	16	1,655	-206	-44	916	1,656	2,413	3,005
Operating Cash Flow to CapEx	4,191.76%	2,919.54%	1,485.41%	2,377.70%	2,596.36%	2,048.41%	1,887.28%	1,946.96%	2,791.45%	1,810.26%	1,581.72%
Free Cash Flow to Firm to Interest Expense	-21.74	-1.65	1.42	0.00	26.39	-1.97	-0.48	0.00	43.24	42.34	58.68
Operating Cash Flow to Interest Expense	20.40	8.88	5.98	0.00	23.89	9.84	3.56	0.00	36.66	15.78	14.03
Operating Cash Flow Less CapEx to Interest Expense	19.91	8.57	5.58	0.00	22.97	9.36	3.38	0.00	35.35	14.91	13.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.33	0.40	0.36	0.30	0.33	0.38	0.32	0.27	0.30	0.32
Accounts Receivable Turnover	5.77	5.79	6.09	5.97	5.79	5.69	6.07	5.83	5.59	5.85	5.91
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	30.00	29.42	28.86	28.09	28.23	28.03	28.05	27.00	26.88	26.54	26.10
Accounts Payable Turnover	94.52	81.88	99.67	106.15	129.62	125.68	134.25	96.17	125.93	103.20	120.04
Days Sales Outstanding (DSO)	63.31	63.05	59.94	61.18	63.04	64.17	60.15	62.62	65.33	62.41	61.72
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	3.86	4.46	3.66	3.44	2.82	2.90	2.72	3.80	2.90	3.54	3.04
Cash Conversion Cycle (CCC)	59.45	58.59	56.28	57.75	60.23	61.26	57.43	58.82	62.43	58.88	58.68
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,779	7,466	6,663	5,577	4,895	6,260	5,875	5,030	5,366	5,144	4,953
Invested Capital Turnover	3.19	2.90	3.11	3.62	3.69	3.26	3.38	3.47	3.11	2.91	2.79
Increase / (Decrease) in Invested Capital	2,884	1,206	788	547	-471	1,115	922	-312	-611	-1,580	-2,217
Enterprise Value (EV)	125,614	121,041	112,919	97,772	101,702	95,112	98,450	89,682	90,830	97,418	92,187
Market Capitalization	124,311	119,275	112,849	97,694	102,003	93,763	96,902	88,776	89,670	95,775	90,408
Book Value per Share	$14.39	$12.46	$13.12	$11.11	$11.26	$10.50	$8.43	$8.49	$8.91	$7.20	$6.20
Tangible Book Value per Share	$2.34	$0.38	$4.04	$2.10	$2.38	$1.54	($0.51)	($0.42)	($0.01)	($1.67)	($2.56)
Total Capital	9,839	9,061	13,706	7,539	7,617	7,310	6,463	6,498	6,682	5,975	5,564
Total Debt	3,983	3,983	8,357	2,991	2,991	2,990	2,990	2,989	2,989	2,988	2,988
Total Long-Term Debt	2,983	2,982	2,981	2,991	2,991	2,990	2,990	2,989	2,989	2,988	2,988
Net Debt	1,303	1,766	69	78	-301	1,349	1,548	906	1,160	1,643	1,780
Capital Expenditures (CapEx)	36	39	56	55	58	50	17	61	50	50	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-989	-1,265	-1,433	-2,451	-2,554	-1,196	-2,190	-2,681	-1,846	-2,015	-2,405
Debt-free Net Working Capital (DFNWC)	1,692	952	5,915	463	738	446	-749	-597	-18	-670	-1,197
Net Working Capital (NWC)	691	-49	539	463	738	446	-749	-597	-18	-670	-1,197
Net Nonoperating Expense (NNE)	8.55	29	28	-266	-1.23	31	19	-173	1.53	20	9.02
Net Nonoperating Obligations (NNO)	1,923	2,388	1,314	1,030	268	1,940	2,402	1,521	1,672	2,158	2,376
Total Depreciation and Amortization (D&A)	415	420	405	395	401	393	398	393	388	390	395
Debt-free, Cash-free Net Working Capital to Revenue	-4.89%	-6.35%	-7.34%	-12.76%	-13.50%	-6.43%	-11.96%	-14.88%	-10.45%	-11.68%	-14.25%
Debt-free Net Working Capital to Revenue	8.38%	4.78%	30.30%	2.41%	3.90%	2.40%	-4.09%	-3.31%	-0.10%	-3.89%	-7.09%
Net Working Capital to Revenue	3.42%	-0.24%	2.76%	2.41%	3.90%	2.40%	-4.09%	-3.31%	-0.10%	-3.89%	-7.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.07	$2.36	$2.34	$2.02	$2.89	$2.14	$2.09	$1.89	$2.52	$1.96	$1.88
Adjusted Weighted Average Basic Shares Outstanding	406.90M	407.60M	407.90M	410.60M	410.50M	411.10M	411.70M	413.70M	413.70M	414.30M	414.60M
Adjusted Diluted Earnings per Share	$3.06	$2.35	$2.34	$2.01	$2.88	$2.13	$2.08	$1.88	$2.51	$1.95	$1.87
Adjusted Weighted Average Diluted Shares Outstanding	408.50M	409M	409.50M	412.20M	412.10M	412.50M	413.60M	415.70M	415.50M	416.20M	416.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	405.92M	406.87M	407.46M	407.80M	409.29M	410.79M	411.30M	411.99M	413.12M	414.35M	414.83M
Normalized Net Operating Profit after Tax (NOPAT)	1,258	993	984	564	1,184	909	878	604	1,045	833	788
Normalized NOPAT Margin	22.66%	19.66%	20.37%	11.82%	22.53%	19.48%	19.46%	13.49%	21.20%	18.98%	18.69%
Pre Tax Income Margin	29.21%	24.98%	25.58%	22.85%	29.43%	24.50%	24.22%	22.46%	27.68%	24.10%	23.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.68	10.73	9.97	0.00	25.66	11.90	12.93	0.00	36.61	19.56	20.73
NOPAT to Interest Expense	16.82	7.66	7.14	0.00	18.88	8.67	9.59	0.00	27.27	14.62	15.39
EBIT Less CapEx to Interest Expense	22.20	10.43	9.57	0.00	24.74	11.42	12.74	0.00	35.30	18.69	19.84
NOPAT Less CapEx to Interest Expense	16.33	7.35	6.74	0.00	17.96	8.19	9.40	0.00	25.96	13.75	14.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	58.73%	58.37%	58.20%	58.19%	57.45%	58.19%	56.88%	55.79%	55.83%	55.23%	56.11%
Augmented Payout Ratio	93.54%	93.25%	93.38%	91.01%	87.19%	88.34%	86.61%	88.66%	95.85%	103.94%	114.73%

Frequently Asked Questions About Automatic Data Processing's Financials

When does Automatic Data Processing's financial year end?

According to the most recent income statement we have on file, Automatic Data Processing's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has Automatic Data Processing's net income changed over the last 9 years?

Automatic Data Processing's net income appears to be on an upward trend, with a most recent value of $3.75 billion in 2024, rising from $1.45 billion in 2015. The previous period was $3.41 billion in 2023. Check out Automatic Data Processing's forecast to explore projected trends and price targets.

What is Automatic Data Processing's operating income?

Automatic Data Processing's total operating income in 2024 was $4.59 billion, based on the following breakdown:

Total Gross Profit: $9.68 billion
Total Operating Expenses: $5.10 billion

How has Automatic Data Processing revenue changed over the last 9 years?

Over the last 9 years, Automatic Data Processing's total revenue changed from $10.94 billion in 2015 to $19.20 billion in 2024, a change of 75.6%.

How much debt does Automatic Data Processing have?

Automatic Data Processing's total liabilities were at $49.82 billion at the end of 2024, a 5.0% increase from 2023, and a 76.1% increase since 2015.

How much cash does Automatic Data Processing have?

In the past 9 years, Automatic Data Processing's cash and equivalents has ranged from $1.44 billion in 2022 to $3.19 billion in 2016, and is currently $2.91 billion as of their latest financial filing in 2024.

How has Automatic Data Processing's book value per share changed over the last 9 years?

Over the last 9 years, Automatic Data Processing's book value per share changed from 10.24 in 2015 to 11.11 in 2024, a change of 8.5%.

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This page (NASDAQ:ADP) was last updated on 5/31/2025 by MarketBeat.com Staff

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Automatic Data Processing (ADP) Financials

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Automatic Data Processing (ADP) Financials

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