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

Balance Sheet

Assets, liabilities, and equity

31 accounts · 3 years

Total assets $63.2B

Total liabilities $57.2B

Shareholders equity $6.0B

Account	2026	2025	2024
Assets
Cash and Cash Equivalents	$4.2B 26.4%	$3.3B 14.9%	$2.9B
Short Term Investments	$0 -100.0%	$4.5B 1071.6%	$384.0M
Accounts Receivable	$3.5B -1.6%	$3.6B 4.4%	$3.4B
Other Current Assets	$44.8B 40.8%	$31.8B -18.0%	$38.8B
Total Current Assets	$52.6B 21.5%	$43.3B -5.0%	$45.5B
Property,Plant and Equipment	$641.3M -2.2%	$655.4M -4.4%	$685.6M
Operating Lease Assets	$388.6M 3.9%	$374.1M 0.9%	$370.6M
Goodwill	$3.3B 0.3%	$3.3B 39.1%	$2.4B
Intangible Assets	$1.7B 3.1%	$1.6B 20.0%	$1.3B
Other Noncurrent Assets	$4.7B 10.8%	$4.2B 3.4%	$4.1B
Total Assets	$63.2B 18.4%	$53.4B -1.8%	$54.4B
Liabilities
Accounts Payable	$162.5M -3.9%	$169.1M 68.1%	$100.6M
Accrued Liabilities	$4.4B 7.2%	$4.1B -5.8%	$4.3B
Deferred Revenue	$267.5M 1.8%	$262.8M 31.5%	$199.8M
Current Portion of Long Term Debt	$0 -100.0%	$4.8B	$0
Other Current Liabilities	$45.2B 41.3%	$32.0B -20.9%	$40.5B
Total Current Liabilities	$50.0B 21.2%	$41.3B -8.4%	$45.1B
Long Term Debt	$5.0B 24.9%	$4.0B 32.9%	$3.0B
Deferred Revenue Noncurrent	$385.9M 0.2%	$385.2M 7.0%	$360.1M
Operating Lease Liabilities Noncurrent	$306.7M -4.5%	$321.2M -2.3%	$328.6M
Deferred Tax Liabilities	$339.1M 107.3%	$163.6M 154.4%	$64.3M
Other Noncurrent Liabilities	$1.1B 7.9%	$1.1B 6.8%	$990.8M
Total Liabilities	$57.2B 21.2%	$47.2B -5.3%	$49.8B
Equity
Preferred Stock	$0	$0	$0
Common Stock	$63.9M 0.0%	$63.9M 0.0%	$63.9M
Additional Paid In Capital	$3.1B 10.0%	$2.8B 15.8%	$2.4B
Retained Earnings	$27.0B 6.8%	$25.2B 6.9%	$23.6B
Treasury Stock	$23.2B 10.2%	$21.0B 6.5%	$19.7B
Accumulated Other Comprehensive Income	$-902.1M -2.1%	$-883.4M 51.1%	$-1.8B
Total Stockholders Equity	$6.0B -2.5%	$6.2B 36.1%	$4.5B
Total Liabilitiesand Equity	$63.2B 18.4%	$53.4B -1.8%	$54.4B

Income Statement

Revenue, expense, and profitability

12 accounts · 3 years

Revenue $21.9B

Operating income Not reported

Net income $4.4B

Account	2026	2025	2024
IncomeStatement
Revenues Total Revenue	$21.9B 6.7%	$20.6B 7.1%	$19.2B
Expenses Cost of Revenue	$11.8B 6.0%	$11.1B 5.9%	$10.5B
Expenses Selling,General and Administrative	$4.4B 8.8%	$4.1B 7.2%	$3.8B
Other Income Expense Interest Expense	$459.3M 0.7%	$455.9M 26.1%	$361.4M
Other Income Expense Other Income/expense	$410.6M 16.0%	$354.1M 23.5%	$286.7M
Other Income Expense Income Before Tax	$5.7B 7.9%	$5.3B 9.0%	$4.9B
Income Tax Income Tax Expense	$1.3B 7.0%	$1.2B 9.8%	$1.1B
net Income net Income	$4.4B 8.2%	$4.1B 8.7%	$3.8B
net Income Comprehensive Income	$4.4B -12.2%	$5.0B 17.8%	$4.2B
Earnings Per Share Basic Eps	$11 9.5%	$10 9.6%	$9
Earnings Per Share Diluted Eps	$11 9.6%	$10 9.7%	$9
Earnings Per Share Weighted Average Shares Diluted	$403.3M -1.3%	$408.7M -0.8%	$412.2M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $5.4B

Investing cash flow $-4.7B

Financing cash flow $4.9B

Account	2026	2025	2024
CashFlow
Operating Activities net Income	$4.4B 8.2%	$4.1B 8.7%	$3.8B
Operating Activities Depreciation and Amortization	$1.8B 3.4%	$1.7B 6.0%	$1.6B
Operating Activities Stock Based Compensation	$242.6M -8.8%	$266.1M 9.3%	$243.5M
Operating Activities Changes In Operating Assets and Liabilities	$-1.1B 3.8%	$-1.2B 19.1%	$-1.4B
Operating Activities Other Non Cash Items	$119.9M 281.8%	$31.4M 215.9%	$-27.1M
Operating Activities net Cash From Operating Activities	$5.4B 10.2%	$4.9B 18.8%	$4.2B
Investing Activities Capital Expenditures	$-196.6M -16.5%	$-168.7M 19.0%	$-208.4M
Investing Activities Business Acquisitions	$-22.8M 98.0%	$-1.2B -3367.6%	$-33.6M
Investing Activities Purchases of Investments	$-12.4B -57.3%	$-7.9B -15.0%	$-6.8B
Investing Activities Proceeds From Sale of Investments	$8.3B 27.6%	$6.5B 8.3%	$6.0B
Investing Activities Other Investing Activities	$-479.4M -25.4%	$-382.4M -8.9%	$-351.2M
Investing Activities net Cash From Investing Activities	$-4.7B -55.3%	$-3.0B -118.5%	$-1.4B
Financing Activities Proceeds From Debt	$-3.8B -156.1%	$6.7B	$0
Financing Activities Repayment of Debt	$-1.1M 99.9%	$-1.0B -111144.4%	$-900.0K
Financing Activities Repurchase of Common Stock	$-2.1B -62.7%	$-1.3B -4.0%	$-1.2B
Financing Activities Dividends Paid	$-2.6B -9.5%	$-2.4B -9.9%	$-2.2B
Financing Activities Proceeds From Stock Issuance	$-1.0M -100.8%	$131.0M 177.5%	$47.2M
Financing Activities Other Financing Activities	$13.4B 245.8%	$-9.2B -573.6%	$1.9B
Financing Activities net Cash From Financing Activities	$4.9B 170.0%	$-7.0B -387.1%	$-1.4B
Cash Reconciliation Effect of Exchange Rate On Cash	$-37.8M -201.3%	$37.3M 266.5%	$-22.4M
Cash Reconciliation net Change In Cash	$5.6B 210.7%	$-5.0B -482.8%	$1.3B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2026	2025	2024
Profitability
Gross margin	+46.4%	+46.0%	+45.4%
Operating margin	—	—	—
Net margin	+20.1%	+19.8%	+19.5%
FCF margin	+23.9%	+23.2%	+20.6%
Growth
Revenue CAGR (3y)	+6.8%	+7.6%	+8.6%
Returns
ROE	+73.2%	+65.9%	+82.5%
ROA	+7.0%	+7.6%	+6.9%
ROIC	—	—	—
Liquidity
Current ratio	1.05x	1.05x	1.01x
Quick ratio	0.15x	0.17x	0.14x
Leverage
D/E	9.48x	7.62x	10.95x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.35x	0.39x	0.35x
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

Your annotations

Not watched