Automatic Data Processing (ADP)

Nasdaq Industrials Human Resource & Employment Services S&P 500Nasdaq-100

$303.35

-3.79 (-1.23%)

Close of Nov 06, 2026 · end-of-day data

Source: Automatic Data Processing's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$12.37B	$13.27B	$14.11B	$14.59B	$15.01B	$16.50B	$18.01B	$19.20B	$20.56B	$21.95B
Cost of revenue	$7.24B	$7.76B	$8.02B	$8.45B	$8.64B	$9.46B	$9.95B	$10.48B	$11.10B	$11.76B
Gross profit	$5.13B	$5.52B	$6.09B	$6.14B	$6.37B	$7.04B	$8.06B	$8.73B	$9.46B	$10.19B
Research & development	—	—	—	—	—	$798.60M	$844.80M	$955.70M	$988.60M	$1.03B
Selling, general & admin	$2.77B	$2.96B	$3.06B	$3.00B	$3.04B	$3.23B	$3.55B	$3.78B	$4.05B	$4.41B
Interest expense	$80.00M	$102.70M	$129.90M	$107.10M	$59.70M	$81.90M	$253.30M	$361.40M	$455.90M	$459.30M
Pre-tax income	$2.62B	$2.28B	$3.01B	$3.18B	$3.36B	$3.80B	$4.44B	$4.87B	$5.31B	$5.73B
Income tax	$829.10M	$397.70M	$712.80M	$716.10M	$762.70M	$855.20M	$1.03B	$1.12B	$1.23B	$1.32B
Net income	$1.79B	$1.88B	$2.29B	$2.47B	$2.60B	$2.95B	$3.41B	$3.75B	$4.08B	$4.41B
EPS (basic)	$3.99	$4.28	$5.27	$5.73	$6.10	$7.04	$8.25	$9.14	$10.02	$10.97
EPS (diluted)	$3.97	$4.25	$5.24	$5.70	$6.07	$7.00	$8.21	$9.10	$9.98	$10.94
Diluted shares	450.30M	443.30M	437.60M	432.70M	428.10M	421.10M	415.70M	412.20M	408.70M	403.30M
Gross margin	41.4%	41.6%	43.2%	42.1%	42.4%	42.6%	44.7%	45.4%	46.0%	46.4%
Net margin	14.5%	14.2%	16.2%	16.9%	17.3%	17.9%	18.9%	19.5%	19.8%	20.1%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$2.78B	$2.17B	$1.95B	$1.91B	$2.58B	$1.44B	$2.08B	$2.91B	$3.35B	$4.23B
Short-term investments	$3.20M	$3.30M	$10.50M	$0	$10.40M	$47.00M	$14.70M	$384.00M	$4.50B	$0
Receivables	$1.70B	$1.98B	$2.44B	$2.44B	$2.73B	$3.17B	$3.01B	$3.43B	$3.58B	$3.52B
Total current assets	$32.66B	$31.82B	$34.34B	$31.56B	$40.74B	$54.80B	$42.17B	$45.54B	$43.25B	$52.56B
Goodwill	$1.74B	$2.24B	$2.32B	$2.31B	$2.34B	$2.30B	$2.34B	$2.35B	$3.27B	$3.28B
Total assets	$38.89B	$38.85B	$41.89B	$39.17B	$48.77B	$63.07B	$50.97B	$54.36B	$53.37B	$63.19B
Total current liabilities	$29.82B	$30.41B	$32.63B	$30.13B	$38.09B	$55.16B	$42.77B	$45.08B	$41.28B	$50.02B
Short-term debt	$7.80M	$2.50M	$2.50M	$1.00B	$1.20M	$1.20M	$1.20M	$1.10M	$1.00M	$1.00M
Long-term debt	$2.00B	$2.00B	$2.00B	$1.00B	$2.98B	$2.99B	$2.99B	$2.99B	$3.97B	$4.96B
Total debt	$2.01B	$2.00B	$2.00B	$2.00B	$2.99B	$2.99B	$2.99B	$2.99B	$3.98B	$4.97B
Total liabilities	$33.20B	$34.11B	$36.49B	$33.41B	$43.10B	$59.84B	$47.46B	$49.82B	$47.18B	$57.16B
Shareholders' equity	$3.98B	$4.74B	$5.40B	$5.75B	$5.67B	$3.23B	$3.51B	$4.55B	$6.19B	$6.03B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$2.13B	$2.52B	$2.69B	$3.03B	$3.09B	$3.10B	$4.21B	$4.16B	$4.94B	$5.44B
Free cash flow	$2.13B	$2.52B	$2.69B	$3.03B	$3.09B	$3.10B	$4.21B	$4.16B	$4.94B	$5.44B
Investing cash flow	-$1.11B	-$2.50B	-$2.20B	$3.16B	-$3.52B	-$7.01B	-$2.52B	-$1.39B	-$3.04B	-$4.71B
Financing cash flow	-$8.28B	-$1.66B	-$207.70M	-$5.89B	$6.44B	$13.65B	-$15.68B	-$1.43B	-$6.97B	$4.88B
Dividends paid	$995.20M	$1.06B	$1.29B	$1.47B	$1.58B	$1.66B	$1.90B	$2.18B	$2.40B	$2.63B
Share buybacks	$1.26B	$989.30M	$937.70M	$1.01B	$1.37B	$1.97B	$1.12B	$1.23B	$1.28B	$2.08B
Stock-based compensation	$138.90M	$175.40M	$167.30M	$130.80M	$175.30M	$201.70M	$220.40M	$243.50M	$266.10M	$242.60M
Depreciation & amortization	$316.10M	$377.60M	$409.00M	$480.00M	$510.70M	$515.10M	$549.30M	$561.90M	$582.40M	$585.90M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$4.67B	$5.25B	$4.77B	$4.83B	$5.05B	$5.55B	$5.13B	$5.18B	$5.36B	$5.94B	$5.47B	$5.49B
Cost of revenue	$2.56B	$2.77B	$2.63B	$2.63B	$2.74B	$2.90B	$2.82B	$2.84B	$2.89B	$3.07B	$2.96B	$2.97B
Gross profit	$2.11B	$2.49B	$2.14B	$2.20B	$2.31B	$2.65B	$2.31B	$2.34B	$2.47B	$2.87B	$2.51B	$2.53B
Research & development	$228.70M	$242.70M	$247.90M	$232.60M	$239.50M	$247.10M	$269.40M	$251.20M	$257.80M	$253.90M	$265.90M	$251.30M
Selling, general & admin	$922.50M	$940.90M	$1.04B	$926.70M	$1.01B	$1.02B	$1.10B	$1.01B	$1.07B	$1.08B	$1.25B	$1.06B
Interest expense	$104.90M	$62.70M	$102.20M	$137.80M	$129.60M	$74.80M	$113.70M	$135.40M	$124.10M	$78.70M	$121.00M	$148.10M
Pre-tax income	$1.14B	$1.55B	$1.09B	$1.24B	$1.26B	$1.62B	$1.19B	$1.31B	$1.38B	$1.78B	$1.26B	$1.45B
Income tax	$265.40M	$361.40M	$260.00M	$279.90M	$298.10M	$372.40M	$280.00M	$294.50M	$321.20M	$422.00M	$279.20M	$329.70M
Net income	$878.40M	$1.18B	$829.30M	$956.30M	$963.20M	$1.25B	$910.70M	$1.01B	$1.06B	$1.36B	$978.60M	$1.13B
EPS (basic)	$2.14	$2.89	$2.03	$2.34	$2.36	$3.07	$2.24	$2.50	$2.63	$3.39	$2.46	$2.84
EPS (diluted)	$2.13	$2.88	$2.03	$2.34	$2.35	$3.06	$2.23	$2.49	$2.62	$3.38	$2.45	$2.83
Diluted shares	412.50M	412.10M	-1.40M	409.50M	409.00M	408.50M	-400.00K	406.50M	404.70M	402.50M	-1.20M	397.60M
Gross margin	45.1%	47.3%	44.8%	45.5%	45.7%	47.7%	45.1%	45.2%	46.1%	48.3%	45.9%	46.0%
Net margin	18.8%	22.6%	17.4%	19.8%	19.1%	22.5%	17.8%	19.6%	19.8%	22.9%	17.9%	20.5%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$1.64B	$3.29B	$2.91B	$2.10B	$2.22B	$2.68B	$3.35B	$2.48B	$2.42B	$3.23B	$4.23B	$3.28B
Short-term investments	$24.40M	$0	$384.00M	$5.24B	$0	$0	$4.50B	$5.47B	$45.70M	$0	$0	$50.00M
Receivables	$3.37B	$3.46B	$3.43B	$3.32B	$3.50B	$3.55B	$3.58B	$3.46B	$3.41B	$3.57B	$3.52B	$3.52B
Total current assets	$48.54B	$55.64B	$45.54B	$39.91B	$54.25B	$46.54B	$43.25B	$44.20B	$74.47B	$54.23B	$52.56B	$52.83B
Goodwill	$2.37B	$2.36B	$2.35B	$2.37B	$3.18B	$3.30B	$3.27B	$3.28B	$3.29B	$3.29B	$3.28B	$3.28B
Total assets	$57.07B	$64.18B	$54.36B	$49.51B	$64.10B	$56.45B	$53.37B	$54.32B	$84.64B	$64.48B	$63.19B	$63.45B
Total current liabilities	$48.10B	$54.90B	$45.08B	$39.37B	$54.30B	$45.85B	$41.28B	$41.93B	$72.14B	$52.02B	$50.02B	$51.37B
Short-term debt	$1.10M	$1.00M	$1.10M	$1.00B	$1.00B	$1.00B	$1.00M	$1.00M	$1.10M	$1.10M	$1.00M	$14.80M
Long-term debt	$2.99B	$2.99B	$2.99B	$2.98B	$2.98B	$2.98B	$3.97B	$3.98B	$3.98B	$3.98B	$4.96B	$4.97B
Total debt	$2.99B	$2.99B	$2.99B	$3.98B	$3.98B	$3.98B	$3.98B	$3.98B	$3.98B	$3.98B	$4.97B	$4.98B
Total liabilities	$52.75B	$59.55B	$49.82B	$44.16B	$59.02B	$50.59B	$47.18B	$47.95B	$78.25B	$58.13B	$57.16B	$58.36B
Shareholders' equity	$4.32B	$4.63B	$4.55B	$5.35B	$5.08B	$5.86B	$6.19B	$6.37B	$6.39B	$6.35B	$6.03B	$5.09B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$1.03B	$1.50B	$1.30B	$824.40M	$1.15B	$1.53B	$1.44B	$642.30M	$1.13B	$2.24B	$1.43B	$651.00M
Free cash flow	$1.03B	$1.50B	$1.30B	$824.40M	$1.15B	$1.53B	$1.44B	$642.30M	$1.13B	$2.24B	$1.43B	$651.00M
Investing cash flow	$138.30M	-$1.09B	-$217.20M	-$1.64B	-$1.26B	-$555.90M	$423.20M	-$1.86B	-$676.90M	-$1.22B	-$958.00M	-$882.40M
Financing cash flow	$5.72B	$5.87B	-$11.12B	-$6.49B	$13.97B	-$9.40B	-$5.06B	$164.10M	$29.18B	-$22.04B	-$2.42B	$305.00M
Dividends paid	$516.30M	$575.90M	$575.10M	$572.60M	$572.50M	$628.00M	$625.80M	$626.70M	$629.30M	$687.10M	$683.20M	$677.00M
Share buybacks	$254.70M	$291.50M	$435.50M	$372.60M	$272.30M	$311.60M	$324.00M	$366.00M	$515.80M	$581.40M	$620.10M	$758.80M
Stock-based compensation	$73.60M	$56.30M	$54.80M	$60.60M	$79.10M	$62.80M	$63.60M	$58.70M	$73.20M	$51.00M	$59.70M	$67.20M
Depreciation & amortization	$140.10M	$144.60M	$135.70M	$138.60M	$151.00M	$147.10M	$145.70M	$146.70M	$145.60M	$146.40M	$147.20M	$155.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.