Automatic Data Processing

Industrials Human Resource & Employment Services Roseland, New Jersey Last filing Aug 6, 2025 · FY2025

                    Revenue
                    FY2025
                
$20.6B
                    
                    n/a
                    
                    Net income
                    FY2025
                
$4.1B
                    Net margin +19.8%
                    
                    P86
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$53.4B
                    ROA +7.6%
                    
                    P46
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$4.9B
                    FCF margin +23.2%
                    
                    P93
                    
                    n/a

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

11 accounts · 10 years

Total assets $53.4B

Total liabilities $47.2B

Shareholders equity $6.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	$3.3B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$3.6B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Property,Plant and Equipment	$655.4M	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.3B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Intangible Assets	$1.6B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Liabilities
Accrued Liabilities	$3.1B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long Term Debt	$4.0B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other Noncurrent Liabilities	$1.1B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Equity
Common Stock	$63.9M	$0	$0	$0	$0	$0	$0	$0	$0	$0
Preferred Stock	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Treasury Stock	$21.0B	$0	$0	$0	$0	$0	$0	$0	$0	$0

Income Statement

Revenue, expense, and profitability

18 accounts · 10 years

Revenue $20.6B

Operating income $4.1B

Net income $4.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	$20.6B	—	—	—	—	—	—	—	—	—
Expenses Cost of Revenue	$11.1B	—	—	—	—	—	—	—	—	—
Expenses Research and Development	$988.6M	—	—	—	—	—	—	—	—	—
Expenses Selling,General and Administrative	$4.1B	—	—	—	—	—	—	—	—	—
Expenses Depreciation and Amortization	$582.4M	—	—	—	—	—	—	—	—	—
Expenses Share Based Compensation	$266.1M	—	—	—	—	—	—	—	—	—
Expenses Operating Expenses	$15.6B	—	—	—	—	—	—	—	—	—
Other Income Expense Operating Income	$4.1B	—	—	—	—	—	—	—	—	—
Other Income Expense Interest Income	$319.5M	—	—	—	—	—	—	—	—	—
Other Income Expense Interest Expense	$455.9M	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	$5.3B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Income Tax Income Tax Expense	$1.2B	$0	$0	$0	$0	$0	$0	$0	$0	$0
net Income net Income	$4.1B	—	—	—	—	—	—	—	—	—
net Income Comprehensive Income	$5.0B	$0	$0	$0	$0	$0	$0	$0	$0	$0
Earnings Per Share Basic Eps	$10	—	—	—	—	—	—	—	—	—
Earnings Per Share Diluted Eps	$10	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Basic	$407.1M	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Diluted	$408.7M	—	—	—	—	—	—	—	—	—

Cash Flow Statement

Operating, investing, and financing flows

2 accounts · 10 years

Operating cash flow $4.9B

Investing cash flow $-3.0B

Financing cash flow $-7.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities Depreciation and Amortization	$582.4M	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Activities Changes In Operating Assets and Liabilities	$290.6M	$0	$0	$0	$0	$0	$0	$0	$0	$0

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+46.0%	—	—	—	—	—	—	—	—	—
Operating margin	+19.8%	—	—	—	—	—	—	—	—	—
Net margin	+19.8%	—	—	—	—	—	—	—	—	—
FCF margin	+23.2%	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	—	—	—	—	—	—	—	—	—	—
Returns
ROE	+65.9%	—	—	—	—	—	—	—	—	—
ROA	+7.6%	—	—	—	—	—	—	—	—	—
ROIC	+46.0%	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	1.05x	—	—	—	—	—	—	—	—	—
Quick ratio	0.17x	—	—	—	—	—	—	—	—	—
Leverage
D/E	7.62x	—	—	—	—	—	—	—	—	—
Interest coverage	8.95x	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.39x	—	—	—	—	—	—	—	—	—
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

Valuation

Price against fundamentals

ADP $294 · 2025-09-12 · 368d old · FY2025

Market cap $120.0B

P/E 29.40x

P/S 5.83x

P/B 19.38x

EV $120.6B

EV/EBITDA 25.86x

FCF yield +4.0%

Dividend yield +2.0%

Notes

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