Automatic Data Processing
ADP
264.00
+1.64
+0.63%
Automatic Data Processing
US · ADP
#197 by market cap
Listed 2008
264.00
+1.64
+0.63%
Live - 5344 symbols - heartbeat 255s ago
· 2026-10-08 08:27
Pre-market
264.00
0.00%
After-hours
264.00
0.00%
Overnight
264.17
+0.06%
- Market cap
- 104.61B
- P/E (TTM)i
- 24.13
- P/Bi
- 17.34
- EPSi
- 10.94
- Div yieldi
- 2.52%
- 52W posi
- 78%
Reader sentiment
Are you bullish or bearish on ADP?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.39, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +6.74% YoY
Margins
- Gross margin
- 46.42%
- Operating margin
- 26.33%
- Net margin
- 20.11%
Key ratios & quality
- PEG ratioi
- 2.69
- Altman Z-Scorei
- 2.39
PEG uses trailing P/E against the 3-year net income growth rate (8.96%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.11B | 14.59B | 15.01B | 16.50B | 18.01B | 19.20B | 20.56B | 21.95B |
| Gross profit | 6.09B | 6.14B | 6.37B | 7.04B | 8.06B | 8.73B | 9.46B | 10.19B |
| Selling & admin expenses | 3.06B | 3.00B | 3.04B | 3.23B | 3.55B | 3.78B | 4.05B | 4.41B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 3.02B | 3.14B | 3.32B | 3.80B | 4.51B | 4.95B | 5.41B | 5.78B |
| Pretax profit | 3.01B | 3.18B | 3.36B | 3.80B | 4.44B | 4.87B | 5.31B | 5.73B |
| Tax | 712.80M | 716.10M | 762.70M | 855.20M | 1.03B | 1.12B | 1.23B | 1.32B |
| Net profit | 2.29B | 2.47B | 2.60B | 2.95B | 3.41B | 3.75B | 4.08B | 4.41B |
| Basic EPS | 5 | 6 | 6 | 7 | 8 | 9 | 10 | 11 |
| Diluted EPS | 5.24 | 5.70 | 6.07 | 7.00 | 8.21 | 9.10 | 9.98 | 10.94 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 5.55B | 5.13B | 5.18B | 5.36B | 5.94B | 5.47B |
| Gross profit | 2.65B | 2.31B | 2.34B | 2.47B | 2.87B | 2.51B |
| Selling & admin expenses | 1.02B | 1.10B | 1.01B | 1.07B | 1.08B | 1.25B |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.63B | 1.21B | 1.33B | 1.40B | 1.79B | 1.26B |
| Pretax profit | 1.62B | 1.19B | 1.31B | 1.38B | 1.78B | 1.26B |
| Tax | 372.40M | 280.00M | 294.50M | 321.20M | 422.00M | 279.20M |
| Net profit | 1.25B | 910.70M | 1.01B | 1.06B | 1.36B | 978.60M |
| Basic EPS | 3 | 2 | 3 | 3 | 3 | 2 |
| Diluted EPS | 3.06 | 2.23 | 2.49 | 2.62 | 3.38 | 2.45 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 34.34B | 31.56B | 40.74B | 54.80B | 42.17B | 45.54B | 43.25B | 52.56B |
| Cash & ST investments | 1.96B | 1.91B | 2.58B | 1.44B | 2.08B | 3.30B | 7.85B | 4.23B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 41.89B | 39.17B | 48.77B | 63.07B | 50.97B | 54.36B | 53.37B | 63.19B |
| Total current liabilities | 32.63B | 30.13B | 38.09B | 55.16B | 42.77B | 45.08B | 41.28B | 50.02B |
| Short-term debt | 262.00M | 1.00B | 23.50M | 136.40M | 105.40M | 385.40M | 4.77B | -- |
| Long-term debt | 2.00B | 1.00B | 2.99B | 2.99B | 2.99B | 2.99B | 3.97B | 4.96B |
| Total liabilities | 36,487,800,000.00 | 33,413,300,000.00 | 43,102,400,000.00 | 59,842,900,000.00 | 47,461,900,000.00 | 49,815,100,000.00 | 47,181,300,000.00 | 57,162,100,000.00 |
| Total equity | 5.40B | 5.75B | 5.67B | 3.23B | 3.51B | 4.55B | 6.19B | 6.03B |
| Retained earnings | 17.50B | 18.44B | 19.45B | 20.70B | 22.12B | 23.62B | 25.24B | 26.97B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 46.54B | 43.25B | 44.20B | 74.47B | 54.23B | 52.56B |
| Cash & ST investments | 2.68B | 7.85B | 7.70B | 2.47B | 3.23B | 4.23B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 56.45B | 53.37B | 54.32B | 84.64B | 64.48B | 63.19B |
| Total current liabilities | 45.85B | 41.28B | 41.93B | 72.14B | 52.02B | 50.02B |
| Short-term debt | 1.00B | 4.77B | 5.21B | -- | -- | -- |
| Long-term debt | 2.98B | 3.97B | 3.98B | 3.98B | 3.98B | 4.96B |
| Total liabilities | 50,593,300,000.00 | 47,181,300,000.00 | 47,947,000,000.00 | 78,246,400,000.00 | 58,134,100,000.00 | 57,162,100,000.00 |
| Total equity | 5.86B | 6.19B | 6.37B | 6.39B | 6.35B | 6.03B |
| Retained earnings | 24.96B | 25.24B | 25.62B | 25.99B | 26.67B | 26.97B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.69B | 3.03B | 3.09B | 3.10B | 4.21B | 4.16B | 4.94B | 5.44B |
| Depreciation & amortization | 409.00M | 480.00M | 510.70M | 515.10M | 549.30M | 561.90M | 582.40M | 585.90M |
| Free cash flow | 2.12B | 2.41B | 2.59B | 2.55B | 3.64B | 3.59B | 4.39B | 4.78B |
| Dividends paid | -1.29B | -1.47B | -1.58B | -1.66B | -1.90B | -2.18B | -2.40B | -2.63B |
| Stock buybacks / issuance | -937.70M | -1.01B | -1.37B | -1.97B | -1.12B | -1.23B | -1.28B | -2.08B |
| Ending cash balance | 6.80B | 7.05B | 13.14B | 22.78B | 8.77B | 10.09B | 5.05B | 10.63B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.53B | 1.44B | 642.30M | 1.13B | 2.24B | 1.43B |
| Depreciation & amortization | 147.00M | 145.70M | 146.70M | 145.60M | 146.40M | 147.20M |
| Free cash flow | 1.39B | 1.30B | 501.50M | 991.40M | 2.04B | 1.24B |
| Dividends paid | -628.00M | -625.80M | -626.70M | -629.30M | -687.10M | -683.20M |
| Stock buybacks / issuance | -311.60M | -324.00M | -366.00M | -515.80M | -581.40M | -620.10M |
| Ending cash balance | 8.20B | 5.05B | 3.99B | 33.66B | 12.60B | 10.63B |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 51.76 | 44.23 | 45.50 | 66.30 | 101.33 | 93.14 | 76.00 | 72.24 |
| ROA %i | 5.81 | 6.09 | 5.91 | 5.27 | 5.98 | 7.12 | 7.57 | 7.57 |
| ROIC %i | 36.03 | 30.10 | 32.51 | 38.26 | 52.00 | 52.25 | 30.01 | 41.14 |
| 5-year avg ROE %i | 37.64 | 41.43 | 44.10 | 48.91 | 60.52 | 70.10 | 76.45 | 81.80 |
| EBIT margin %i | 22.12 | 22.55 | 22.80 | 23.55 | 26.04 | 27.26 | 28.04 | 28.20 |
| FCF / sales %i | 14.97 | 16.52 | 17.24 | 15.43 | 20.19 | 18.72 | 21.36 | 21.76 |
| Current ratioi | 1.05 | 1.05 | 1.07 | 0.99 | 0.99 | 1.01 | 1.05 | 1.05 |
| Quick ratioi | 0.13 | 0.14 | 0.14 | 0.08 | 0.12 | 0.15 | 0.28 | 0.15 |
| Debt / assetsi | 4.78 | 6.00 | 6.82 | 5.32 | 6.55 | 6.11 | 16.99 | 8.34 |
| LT debt / equityi | 37.08 | 23.42 | 58.70 | 104.11 | 95.15 | 73.00 | 69.42 | 87.39 |
| Interest coveragei | 24.14 | 30.72 | 57.30 | 47.45 | 18.52 | 14.48 | 12.65 | 13.48 |
| Revenue CAGR (3Y) %i | 6.54 | 5.65 | 4.17 | 5.35 | 7.28 | 8.57 | 7.61 | 6.81 |
| Net income CAGR (3Y) %i | 15.39 | 11.32 | 11.30 | 8.75 | 11.42 | 13.03 | 11.43 | 8.96 |
| FCF CAGR (3Y) %i | 11.97 | 13.34 | 8.17 | 6.27 | 14.70 | 11.58 | 19.94 | 9.52 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 76.29 | 76.00 | 70.57 | 73.84 | 71.21 | 72.24 |
| ROA %i | 6.63 | 7.57 | 7.97 | 5.70 | 7.19 | 7.57 |
| ROIC %i | 43.03 | 30.01 | 28.29 | 45.25 | 44.76 | 41.14 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 27.98 | 28.04 | 27.91 | 28.05 | 28.31 | 28.20 |
| FCF / sales %i | 21.00 | 21.36 | 20.14 | 19.73 | 22.41 | 21.76 |
| Current ratioi | 1.02 | 1.05 | 1.05 | 1.03 | 1.04 | 1.05 |
| Quick ratioi | 0.14 | 0.28 | 0.27 | 0.08 | 0.13 | 0.15 |
| Debt / assetsi | 7.56 | 16.99 | 17.54 | 5.11 | 6.66 | 8.34 |
| LT debt / equityi | 55.77 | 69.42 | 67.74 | 67.64 | 67.64 | 87.39 |
| Interest coveragei | 12.72 | 12.65 | 12.87 | 13.28 | 13.53 | 13.48 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Employer Services is the largest reported line at 67.58% of revenue, across 3 reported segments.
- Professional Employer Organization (PEO) Services follows at 32.48%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Employer Services67.58%
Professional Employer Organization (PEO) Services32.48%
Region
United States87.85%
Europe, Middle East and Africa (EMEA)7.90%
Canada2.39%
Other1.87%
Quote time 2026-10-08 08:27:07 · For reference only, not investment advice and not tailored to your situation.