AUTOMATIC DATA PROCESSING INC ADP

Technology SIC 7374 - Services-Computer Processing & Data Preparation NAICS Information › Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services derived Nasdaq

In 1949, our founders established ADP with a simple, innovative idea: help clients focus on their business by solving their payroll challenges. In the 77 years since, we have led the Human Capital Management ("HCM") industry in innovation. We were the first in HCM to deliver automation, move to the cloud, provide a mobile app, and create an online marketplace. Today, we continue that legacy with artificial intelligence ("AI"), building AI into the very core of how we orchestrate, govern and execute HR and pay processes for real-world outcomes.

As AI adds new layers of complexity to managing the workforce infrastructure that makes business possible, our clients need a partner they can trust. As the trusted, service-driven, and AI-enabled partner for HCM, we deliver services powered by deep domain expertise, workforce data, and global scale to help organizations manage their most critical workforce functions with precision, compliance and confidence. Today, we are a global leader in HR and payroll solutions, serving over 1.1 million clients and paying over 42 million workers in over 140 countries and territories. Our common stock is listed on the NASDAQ Global Select Market® under the symbol "ADP."

Last close 304.16 2026-10-23
Market cap $120.83B 2026-06-30 share count
52-week range 188.16 - 309.40

Valuation FY2026 figures against the last close

P/S5.5x
P/E27.8x
P/FCF22.2x
EV/EBITDA—
Dividend yield2.2%
Diluted EPS10.94

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Emea
  • Canada
  • Other
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2026 United States, FY2026: 19.3B (87.8%) 88% United States Emea, FY2026: 1.7B (7.9%) 8% Emea Canada, FY2026: 523.7M (2.4%) Other, FY2026: 410.6M (1.9%) FY2025 United States, FY2025: 18.2B (88.4%) 88% Emea, FY2025: 1.5B (7.5%) 7% Canada, FY2025: 489.3M (2.4%) Other, FY2025: 358.9M (1.7%) FY2024 United States, FY2024: 16.9B (88.2%) 88% Emea, FY2024: 1.5B (7.6%) 8% Canada, FY2024: 473.7M (2.5%) Other, FY2024: 343.3M (1.8%)
Region FY2026FY2025FY2024
United States $19.28B $18.18B $16.93B
Emea $1.73B $1.53B $1.45B
Canada $523.7M $489.3M $473.7M
Other $410.6M $358.9M $343.3M

As the company reported it, from the “Financial Data by Segment and Geographic Area - Revenues and Assets by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $21.95B$20.56B$19.20B$18.01B$16.50B$15.01B$14.59B$14.11B$13.27B$12.37B
Cost of revenue $11.76B$11.10B$10.48B$9.95B$9.46B$8.64B$8.45B$8.02B$7.76B$7.24B
Gross profit $10.19B$9.46B$8.73B$8.06B$7.04B$6.37B$6.14B$6.09B$5.52B$5.13B
R&D $1.03B$988.6M$955.7M$844.8M$798.6M—————
SG&A $4.41B$4.05B$3.78B$3.55B$3.23B$3.04B$3.00B$3.06B$2.96B$2.77B
Total operating expenses $16.63B$15.60B$14.62B$13.76B$12.78B$11.74B$11.56B$11.22B$10.82B$10.10B
Interest expense $459.3M$455.9M$361.4M$253.3M$81.9M$59.7M$107.1M$129.9M$102.7M$80.0M
Pre-tax income $5.73B$5.31B$4.87B$4.44B$3.80B$3.36B$3.18B$3.01B$2.28B$2.62B
Income tax $1.32B$1.23B$1.12B$1.03B$855.2M$762.7M$716.1M$712.8M$397.7M$829.1M
Net income $4.41B$4.08B$3.75B$3.41B$2.95B$2.60B$2.47B$2.29B$1.88B$1.79B
EPS, basic 10.9710.029.148.257.046.105.735.274.283.99
EPS, diluted 10.949.989.108.217.006.075.705.244.253.97
Shares, diluted (wtd. avg.) 403.3M408.7M412.2M415.7M421.1M428.1M432.7M437.6M443.3M450.3M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $4.23B$3.35B$2.91B$8.77B$22.78B$13.14B$7.05B$6.80B$6.54B$8.18B
Short-term investments $0$4.50B$384.0M$14.7M$47.0M$10.4M$0$10.5M$3.3M$3.2M
Receivables $3.52B$3.58B$3.43B$3.01B$3.17B$2.73B$2.44B$2.44B$1.98B$1.70B
Total current assets $52.56B$43.25B$45.54B$42.17B$54.80B$40.74B$31.56B$34.34B$31.82B$32.66B
Property, plant and equipment $641.3M$655.4M$685.6M$681.4M$652.6M$684.5M$703.9M$764.2M$793.7M$779.9M
Goodwill $3.28B$3.27B$2.35B$2.34B$2.30B$2.34B$2.31B$2.32B$2.24B$1.74B
Other intangibles $1.65B$1.60B$1.34B$1.34B$1.33B$1.21B$1.22B$1.07B$886.4M$620.2M
Total assets $63.19B$53.37B$54.36B$50.97B$63.07B$48.77B$39.17B$41.89B$38.85B$38.89B
Accounts payable $162.5M$169.1M$100.6M$96.8M$110.2M$141.1M$102.0M$125.5M$135.4M$149.7M
Short-term debt $1.0M$1.0M$1.1M$1.2M$1.2M$1.2M$1.00B$2.5M$2.5M$7.8M
Total current liabilities $50.02B$41.28B$45.08B$42.77B$55.16B$38.09B$30.13B$32.63B$30.41B$29.82B
Long-term debt $4.96B$3.97B$2.99B$2.99B$2.99B$2.98B$1.00B$2.00B$2.00B$2.00B
Total liabilities $57.16B$47.18B$49.82B$47.46B$59.84B$43.10B$33.41B$36.49B$34.11B$33.20B
Retained earnings $26.97B$25.24B$23.62B$22.12B$20.70B$19.45B$18.44B$17.50B$16.55B$14.73B
Total equity $6.03B$6.19B$4.55B$3.51B$3.23B$5.67B$5.75B-$257.3M-$679.8M$3.98B

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $5.44B$4.94B$4.16B$4.21B$3.10B$3.09B$3.03B$2.69B$2.52B$2.13B
Depreciation and amortisation $585.9M$582.4M$561.9M$549.3M$515.1M$510.7M$480.0M$409.0M$377.6M$316.1M
Stock-based compensation $242.6M$266.1M$243.5M$220.4M$201.7M$175.3M$130.8M$167.3M$175.4M$138.9M
Investing cash flow -$4.71B-$3.04B-$1.39B-$2.52B-$7.01B-$3.52B$3.16B-$2.20B-$2.50B-$1.11B
Financing cash flow $4.88B-$6.97B-$1.43B-$15.68B$13.65B$6.44B-$5.89B-$207.7M-$1.66B-$8.28B
Dividends paid $2.63B$2.40B$2.18B$1.90B$1.66B$1.58B$1.47B$1.29B$1.06B$995.2M
Buybacks $2.08B$1.28B$1.23B$1.12B$1.97B$1.37B$1.01B$937.7M$989.3M$1.26B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000008670-26-000030.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2017: 12.4B Gross profit, FY2017: 5.1B Net income, FY2017: 1.8B Revenue, FY2018: 13.3B Gross profit, FY2018: 5.5B Net income, FY2018: 1.9B Revenue, FY2019: 14.1B Gross profit, FY2019: 6.1B Net income, FY2019: 2.3B Revenue, FY2020: 14.6B Gross profit, FY2020: 6.1B Net income, FY2020: 2.5B Revenue, FY2021: 15B Gross profit, FY2021: 6.4B Net income, FY2021: 2.6B Revenue, FY2022: 16.5B Gross profit, FY2022: 7B Net income, FY2022: 2.9B Revenue, FY2023: 18B Gross profit, FY2023: 8.1B Net income, FY2023: 3.4B Revenue, FY2024: 19.2B Gross profit, FY2024: 8.7B Net income, FY2024: 3.8B Revenue, FY2025: 20.6B Gross profit, FY2025: 9.5B Net income, FY2025: 4.1B Revenue, FY2026: 21.9B Gross profit, FY2026: 10.2B Net income, FY2026: 4.4B FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $12.37B $13.27B $14.11B $14.59B $15.01B $16.50B $18.01B $19.20B $20.56B $21.95B
Gross profit $5.13B $5.52B $6.09B $6.14B $6.37B $7.04B $8.06B $8.73B $9.46B $10.19B
Net income $1.79B $1.88B $2.29B $2.47B $2.60B $2.95B $3.41B $3.75B $4.08B $4.41B

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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