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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

33 accounts · 1 year

Total assets $53.4B

Total liabilities $47.2B

Shareholders equity $6.2B

Account	2025	Trend
Assets
Cash and Cash Equivalents	$3.3B
Short Term Investments	$4.5B
Accounts Receivable	$3.6B
Prepaid Expenses	$840.8M
Other Current Assets	$840.8M
Total Current Assets	$43.3B
Property,Plant and Equipment	$655.4M
Operating Lease Assets	$374.1M
Goodwill	$3.3B
Intangible Assets	$1.6B
Other Noncurrent Assets	$1.1B
Total Assets	$53.4B
Liabilities
Accounts Payable	$169.1M
Accrued Liabilities	$3.1B
Deferred Revenue	$262.8M
Current Portion of Long Term Debt	$1.0M
Operating Lease Liabilities	$100.8M
Other Current Liabilities	$1.1B
Total Current Liabilities	$41.3B
Long Term Debt	$4.0B
Deferred Revenue Noncurrent	$385.2M
Operating Lease Liabilities Noncurrent	$321.2M
Deferred Tax Liabilities	$163.6M
Other Noncurrent Liabilities	$1.1B
Total Liabilities	$47.2B
Equity
Preferred Stock	$0
Common Stock	$63.9M
Additional Paid In Capital	$2.8B
Retained Earnings	$25.2B
Treasury Stock	$21.0B
Accumulated Other Comprehensive Income	$-883.4M
Total Stockholders Equity	$6.2B
Total Liabilitiesand Equity	$53.4B

Income Statement

Revenue, expense, and profitability

18 accounts · 1 year

Revenue $20.6B

Operating income $4.1B

Net income $4.1B

Account	2025	Trend
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
Income Tax Income Tax Expense	$1.2B
net Income net Income	$4.1B
net Income Comprehensive Income	$5.0B
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

21 accounts · 1 year

Operating cash flow $4.9B

Investing cash flow $-3.0B

Financing cash flow $-7.0B

Account	2025	Trend
CashFlow
Operating Activities net Income	$4.1B
Operating Activities Depreciation and Amortization	$582.4M
Operating Activities Stock Based Compensation	$266.1M
Operating Activities Deferred Income Taxes	$37.0M
Operating Activities Changes In Operating Assets and Liabilities	$290.6M
Operating Activities net Cash From Operating Activities	$4.9B
Investing Activities Capital Expenditures	$168.7M
Investing Activities Business Acquisitions	$1.2B
Investing Activities Purchases of Investments	$7.9B
Investing Activities Proceeds From Sale of Investments	$6.5B
Investing Activities Other Investing Activities	$14.9M
Investing Activities net Cash From Investing Activities	$-3.0B
Financing Activities Proceeds From Debt	$2.0B
Financing Activities Repayment of Debt	$1.0B
Financing Activities Repurchase of Common Stock	$1.3B
Financing Activities Dividends Paid	$2.4B
Financing Activities net Cash From Financing Activities	$-7.0B
Cash Reconciliation Effect of Exchange Rate On Cash	$37.3M
Cash Reconciliation net Change In Cash	$-5.0B
Cash Reconciliation Cash At Beginning of Period	$5.1B
Cash Reconciliation Cash At End of Period	$5.1B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
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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