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Industrials Human Resource & Employment Services Roseland, New Jersey Last filing Aug 5, 2026 · FY2026

                    Revenue
                    FY2026
                
$21.9B
                    3y CAGR +6.8%
                    
                    P60
                    
                    +6.7%
                    
                    Net income
                    FY2026
                
$4.4B
                    Net margin +20.1%
                    
                    P100
                    
                    +8.2%
                    
                    Total assets
                    FY2026
                
$63.2B
                    ROA +7.0%
                    
                    P40
                    
                    +18.4%
                    
                    Operating cash flow
                    FY2026
                
$5.4B
                    FCF margin +23.9%
                    
                    P100
                    
                    +10.2%

19 yrs · FY2008–FY2026 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 5 years

Total assets $63.2B

Total liabilities $57.2B

Shareholders equity $6.0B

Account	2026	2025	2024	2023	2022
Assets
Cash and Cash Equivalents	6.7%	6.3%	5.4%	4.1%	2.3%
Short Term Investments	0.0%	8.4%	0.7%	—	—
Accounts Receivable	5.6%	6.7%	6.3%	5.9%	5.0%
Other Current Assets	70.9%	59.6%	71.4%	72.7%	79.6%
Total Current Assets	83.2%	81.0%	83.8%	82.7%	86.9%
Property,Plant and Equipment	1.0%	1.2%	1.3%	1.3%	1.0%
Operating Lease Assets	0.6%	0.7%	0.7%	0.8%	0.7%
Goodwill	5.2%	6.1%	4.3%	4.6%	3.6%
Intangible Assets	2.6%	3.0%	2.5%	2.6%	2.1%
Other Noncurrent Assets	7.4%	7.9%	7.5%	7.9%	5.6%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	0.3%	0.3%	0.2%	0.2%	0.2%
Accrued Liabilities	6.9%	7.6%	8.0%	6.5%	4.8%
Deferred Revenue	0.4%	0.5%	0.4%	0.4%	0.3%
Current Portion of Long Term Debt	0.0%	9.0%	0.0%	—	—
Other Current Liabilities	71.6%	60.0%	74.4%	76.8%	82.2%
Total Current Liabilities	79.2%	77.3%	82.9%	83.9%	87.5%
Long Term Debt	7.9%	7.4%	5.5%	5.9%	4.7%
Deferred Revenue Noncurrent	0.6%	0.7%	0.7%	0.7%	0.5%
Operating Lease Liabilities Noncurrent	0.5%	0.6%	0.6%	0.7%	0.6%
Deferred Tax Liabilities	0.5%	0.3%	0.1%	0.1%	0.1%
Other Noncurrent Liabilities	1.8%	2.0%	1.8%	1.8%	1.5%
Total Liabilities	90.5%	88.4%	91.6%	93.1%	94.9%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.1%	0.1%	0.1%	0.1%	0.1%
Additional Paid In Capital	4.9%	5.2%	4.4%	4.1%	2.8%
Retained Earnings	42.7%	47.3%	43.5%	43.4%	32.8%
Treasury Stock	36.7%	39.4%	36.3%	36.2%	27.5%
Accumulated Other Comprehensive Income	-1.4%	-1.7%	-3.3%	-4.5%	-3.2%
Total Stockholders Equity	9.5%	11.6%	8.4%	6.9%	5.1%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

12 accounts · 5 years

Revenue $21.9B

Operating income Not reported

Net income $4.4B

Account	2026	2025	2024	2023	2022
IncomeStatement
Revenues Total Revenue	34.7%	38.5%	35.3%	35.3%	26.2%
Expenses Cost of Revenue	18.6%	20.8%	19.3%	19.5%	15.0%
Expenses Selling,General and Administrative	7.0%	7.6%	7.0%	7.0%	5.1%
Other Income Expense Interest Expense	0.7%	0.9%	0.7%	0.5%	0.1%
Other Income Expense Other Income/expense	0.6%	0.7%	0.5%	0.4%	0.1%
Other Income Expense Income Before Tax	9.1%	9.9%	9.0%	8.7%	6.0%
Income Tax Income Tax Expense	2.1%	2.3%	2.1%	2.0%	1.4%
net Income net Income	7.0%	7.6%	6.9%	6.7%	4.7%
net Income Comprehensive Income	7.0%	9.4%	7.8%	6.1%	1.5%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	0.6%	0.8%	0.8%	0.8%	0.7%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $5.4B

Investing cash flow $-4.7B

Financing cash flow $4.9B

Account	2026	2025	2024	2023	2022
CashFlow
Operating Activities net Income	7.0%	7.6%	6.9%	6.7%	4.7%
Operating Activities Depreciation and Amortization	2.8%	3.2%	3.0%	3.0%	2.3%
Operating Activities Stock Based Compensation	0.4%	0.5%	0.4%	0.4%	0.3%
Operating Activities Changes In Operating Assets and Liabilities	-1.8%	-2.2%	-2.6%	-1.9%	-2.7%
Operating Activities Other Non Cash Items	0.2%	0.1%	-0.0%	0.0%	0.3%
Operating Activities net Cash From Operating Activities	8.6%	9.3%	7.6%	8.3%	4.9%
Investing Activities Capital Expenditures	-0.3%	-0.3%	-0.4%	-0.4%	-0.3%
Investing Activities Business Acquisitions	-0.0%	-2.2%	-0.1%	-0.1%	-0.0%
Investing Activities Purchases of Investments	-19.6%	-14.7%	-12.6%	-13.0%	-17.0%
Investing Activities Proceeds From Sale of Investments	13.2%	12.3%	11.1%	9.2%	6.7%
Investing Activities Other Investing Activities	-0.8%	-0.7%	-0.6%	-0.7%	-0.5%
Investing Activities net Cash From Investing Activities	-7.5%	-5.7%	-2.6%	-4.9%	-11.1%
Financing Activities Proceeds From Debt	-6.0%	12.6%	0.0%	0.0%	—
Financing Activities Repayment of Debt	-0.0%	-1.9%	-0.0%	-0.0%	-0.0%
Financing Activities Repurchase of Common Stock	-3.3%	-2.4%	-2.3%	-2.2%	-3.1%
Financing Activities Dividends Paid	-4.2%	-4.5%	-4.0%	-3.7%	-2.6%
Financing Activities Proceeds From Stock Issuance	-0.0%	0.2%	0.1%	—	0.2%
Financing Activities Other Financing Activities	21.2%	-17.2%	3.6%	-24.8%	27.3%
Financing Activities net Cash From Financing Activities	7.7%	-13.1%	-2.6%	-30.8%	21.6%
Cash Reconciliation Effect of Exchange Rate On Cash	-0.1%	0.1%	-0.0%	-0.0%	-0.2%
Cash Reconciliation net Change In Cash	8.8%	-9.4%	2.4%	-27.5%	15.3%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2026	2025	2024	2023	2022
Profitability
Gross margin	+46.4%	+46.0%	+45.4%	+44.7%	+42.6%
Operating margin	—	—	—	—	—
Net margin	+20.1%	+19.8%	+19.5%	+18.9%	+17.9%
FCF margin	+23.9%	+23.2%	+20.6%	+22.2%	+17.7%
Growth
Revenue CAGR (3y)	+6.8%	+7.6%	+8.6%	+7.3%	+5.4%
Returns
ROE	+73.2%	+65.9%	+82.5%	+97.2%	+91.4%
ROA	+7.0%	+7.6%	+6.9%	+6.7%	+4.7%
ROIC	—	—	—	—	—
Liquidity
Current ratio	1.05x	1.05x	1.01x	0.99x	0.99x
Quick ratio	0.15x	0.17x	0.14x	0.12x	0.08x
Leverage
D/E	9.48x	7.62x	10.95x	13.53x	18.55x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.35x	0.39x	0.35x	0.35x	0.26x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

ADP $294 · 2025-09-12 · 414d old · FY2026

Market cap $118.4B

P/E 26.82x

P/S 5.39x

P/B 19.63x

EV $119.1B

EV/EBITDA —

FCF yield +4.4%

Dividend yield +2.2%

Notes

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