Automatic Data Processing

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

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 10 years

Total assets $63.2B

Total liabilities $57.2B

Shareholders equity $6.0B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	+4.8%	+2.3%	+0.7%	-4.7%	-12.4%	-1.9%	-11.8%	-16.3%	-22.0%	—
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	+8.4%	+9.7%	+10.5%	+9.9%	+13.2%	+12.5%	+12.7%	+19.7%	+16.5%	—
Other Current Assets	+5.3%	+1.5%	+4.7%	+4.7%	+12.2%	+5.9%	-1.1%	+2.6%	-1.0%	—
Total Current Assets	+5.4%	+3.6%	+4.9%	+4.4%	+10.9%	+5.7%	-1.1%	+2.5%	-1.9%	—
Property,Plant and Equipment	-2.2%	-2.2%	-1.8%	-2.2%	-3.5%	-3.2%	-3.4%	-1.0%	+1.8%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	+7.3%	+8.2%	+4.4%	+5.0%	+5.7%	+7.7%	+9.9%	+15.5%	+28.9%	—
Intangible Assets	+11.5%	+12.6%	+11.6%	+13.8%	+16.5%	+18.2%	+25.2%	+31.4%	+42.9%	—
Other Noncurrent Assets	+14.5%	+15.0%	+16.7%	+19.6%	+20.6%	+24.7%	+27.8%	+56.6%	-19.2%	—
Total Assets	+6.1%	+4.6%	+5.6%	+5.4%	+11.1%	+7.0%	+1.7%	+6.1%	-0.2%	—
Liabilities
Accounts Payable	+0.9%	+1.5%	-5.5%	-7.0%	-5.9%	-1.5%	-12.0%	-8.4%	-9.6%	—
Accrued Liabilities	+9.1%	+9.3%	+11.7%	+8.9%	+8.6%	+10.1%	+8.9%	+12.8%	+13.3%	—
Deferred Revenue	—	—	—	—	—	—	—	—	—	—
Current Portion of Long Term Debt	—	—	—	—	—	—	—	—	—	—
Other Current Liabilities	+5.6%	+1.8%	+5.6%	+6.0%	+13.4%	+5.9%	-1.8%	+3.7%	+1.3%	—
Total Current Liabilities	+5.9%	+4.1%	+6.1%	+6.2%	+13.1%	+6.3%	+0.3%	+4.6%	+2.0%	—
Long Term Debt	+10.6%	+8.9%	+5.9%	+6.9%	+8.3%	+10.5%	-20.6%	-0.0%	+0.0%	—
Deferred Revenue Noncurrent	-0.2%	-0.2%	-1.2%	-1.9%	-3.1%	-1.9%	-1.8%	+1.0%	-3.5%	—
Operating Lease Liabilities Noncurrent	—	—	—	—	—	—	—	—	—	—
Deferred Tax Liabilities	+8.5%	+0.0%	-12.5%	-12.4%	-16.3%	+31.2%	+64.9%	+101.1%	-34.2%	—
Other Noncurrent Liabilities	+3.6%	+3.1%	+2.6%	+2.0%	+2.2%	+0.1%	+0.3%	-1.9%	-12.3%	—
Total Liabilities	+6.2%	+4.5%	+6.0%	+6.1%	+12.5%	+6.7%	+0.2%	+4.8%	+1.3%	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+15.1%	+15.7%	+15.7%	+15.9%	+15.6%	+15.3%	+15.4%	+16.8%	+16.9%	—
Retained Earnings	+7.0%	+7.0%	+7.0%	+7.0%	+7.0%	+7.2%	+7.8%	+9.0%	+3.7%	—
Treasury Stock	+8.3%	+8.1%	+8.3%	+8.5%	+8.9%	+8.0%	+7.6%	+7.6%	+8.0%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	+4.7%	+5.7%	+1.9%	-2.1%	-4.1%	+9.3%	+13.1%	+16.5%	-13.0%	—
Total Liabilitiesand Equity	+6.1%	+4.6%	+5.6%	+5.4%	+11.1%	+7.0%	+1.7%	+6.1%	-0.2%	—

Income Statement

Revenue, expense, and profitability

12 accounts · 10 years

Revenue $21.9B

Operating income Not reported

Net income $4.4B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	+6.6%	+6.5%	+6.5%	+6.4%	+5.9%	+4.9%	+5.6%	+6.8%	+7.6%	—
Expenses Cost of Revenue	+5.5%	+5.4%	+5.4%	+5.4%	+5.4%	+4.4%	+5.1%	+5.0%	+7.9%	—
Expenses Selling,General and Administrative	+5.2%	+4.8%	+4.5%	+4.1%	+3.0%	+2.2%	+2.6%	+4.9%	+6.8%	—
Other Income Expense Interest Expense	+21.4%	+24.3%	+24.0%	+21.2%	+0.5%	-7.1%	+10.2%	+27.4%	+28.4%	—
Other Income Expense Other Income/expense	+4.2%	+2.8%	+0.1%	-7.0%	-21.9%	-23.7%	-19.6%	-37.5%	—	—
Other Income Expense Income Before Tax	+9.5%	+9.7%	+9.8%	+9.8%	+8.5%	+7.3%	+7.9%	+9.0%	-14.2%	—
Income Tax Income Tax Expense	+5.7%	+5.6%	+5.0%	+4.3%	+1.4%	-1.1%	-3.5%	-5.5%	-31.0%	—
net Income net Income	+10.9%	+11.3%	+11.7%	+11.9%	+11.2%	+10.7%	+12.5%	+15.0%	-6.5%	—
net Income Comprehensive Income	+12.1%	+15.6%	+15.3%	+12.0%	-9.7%	+13.7%	+20.0%	+31.5%	-13.2%	—
Earnings Per Share Basic Eps	+12.3%	+12.6%	+13.1%	+13.4%	+12.7%	+12.0%	+14.0%	+16.7%	-4.9%	—
Earnings Per Share Diluted Eps	+12.3%	+12.6%	+13.1%	+13.5%	+12.7%	+12.1%	+14.0%	+16.7%	-4.9%	—
Earnings Per Share Weighted Average Shares Diluted	-1.2%	-1.2%	-1.3%	-1.3%	-1.3%	-1.3%	-1.3%	-1.4%	-1.6%	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $5.4B

Investing cash flow $-4.7B

Financing cash flow $4.9B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	+10.9%	+11.3%	+11.7%	+11.9%	+11.2%	+10.7%	+12.5%	+15.0%	+8.7%	—
Operating Activities Depreciation and Amortization	+21.2%	+23.7%	+26.4%	+30.2%	+36.0%	+46.2%	+64.0%	+101.5%	+284.4%	—
Operating Activities Stock Based Compensation	+6.4%	+8.5%	+8.3%	+8.0%	+7.7%	+6.0%	-2.0%	+9.7%	+26.3%	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—	—	—	—	—	—
Operating Activities Other Non Cash Items	+18.6%	+2.5%	—	-9.4%	+45.9%	+45.2%	+75.5%	+82.9%	+299.2%	—
Operating Activities net Cash From Operating Activities	+11.0%	+11.1%	+10.1%	+12.1%	+7.8%	+9.8%	+12.5%	+12.5%	+18.3%	—
Investing Activities Capital Expenditures	—	—	—	—	—	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	+9.8%	+7.8%	+7.7%	+4.6%	+3.4%	+14.8%	+28.6%	-10.0%	-3.9%	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	-18.0%	—	—	—
Financing Activities Proceeds From Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	—	—	—
Financing Activities Dividends Paid	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	—	+4.0%	-9.6%	—	+0.2%	+2.1%	-19.5%	-12.7%	-27.6%	—
Financing Activities Other Financing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	+12.3%	—	—	—	+49.7%	—	—	-60.5%	—
Cash Reconciliation net Change In Cash	—	—	—	—	—	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	+46.4%	+46.0%	+45.4%	+44.7%	+42.6%	+42.4%	+42.1%	+43.2%	+41.1%	+41.3%
Operating margin	—	—	—	—	—	—	—	—	—	—
Net margin	+20.1%	+19.8%	+19.5%	+18.9%	+17.9%	+17.3%	+16.9%	+16.2%	+12.2%	+14.0%
FCF margin	+23.9%	+23.2%	+20.6%	+22.2%	+17.7%	+19.4%	+19.6%	+17.9%	+17.3%	+15.2%
Growth
Revenue CAGR (3y)	+6.8%	+7.6%	+8.6%	+7.3%	+5.4%	+4.0%	+5.6%	+6.5%	+6.8%	+6.6%
Returns
ROE	+73.2%	+65.9%	+82.5%	+97.2%	+91.4%	+45.8%	+42.9%	+42.5%	+46.8%	+43.6%
ROA	+7.0%	+7.6%	+6.9%	+6.7%	+4.7%	+5.3%	+6.3%	+5.5%	+4.4%	+4.7%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	1.05x	1.05x	1.01x	0.99x	0.99x	1.07x	1.05x	1.05x	1.05x	1.10x
Quick ratio	0.15x	0.17x	0.14x	0.12x	0.08x	0.14x	0.14x	0.13x	0.14x	0.15x
Leverage
D/E	9.48x	7.62x	10.95x	13.53x	18.55x	7.60x	5.81x	6.76x	9.72x	8.35x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.35x	0.39x	0.35x	0.35x	0.26x	0.31x	0.37x	0.34x	0.36x	0.33x
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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