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Automatic Data Processing (ADP) Financials

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$303.33 -0.63 (-0.21%)
Closing price 04:00 PM Eastern
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$300.17 -3.16 (-1.04%)
As of 06:40 PM Eastern
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Annual Income Statements for Automatic Data Processing

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

Quarterly Income Statements for Automatic Data Processing

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

Annual Cash Flow Statements for Automatic Data Processing

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

Quarterly Cash Flow Statements for Automatic Data Processing

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

Annual Balance Sheets for Automatic Data Processing

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

Quarterly Balance Sheets for Automatic Data Processing

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

Annual Metrics and Ratios for Automatic Data Processing

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

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

Quarterly Metrics and Ratios for Automatic Data Processing

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

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

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. See where experts think Automatic Data Processing is headed by visiting Automatic Data Processing's forecast page.

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%.



This page (NASDAQ:ADP) was last updated on 5/6/2025 by MarketBeat.com Staff
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