AUTOMATIC DATA PROCESSING INC

10-K & 10-Q Filings

Automatic Data Processing, Inc. (ADP) is a leading global technology company that provides comprehensive cloud-based human capital management (HCM) solutions to businesses of all sizes. The company's mission is to power organizations with insightful HCM solutions that meet the changing needs of clients and their workers. ADP's business strategy focuses on leading with best-in-class HCM technology, providing unmatched expertise and outsourcing solutions, and benefiting clients with its global scale. The company's business is organized around three pillars: U.S. HCM Solutions, U.S. HR Outsourcing (HRO) Solutions, and Global Solutions. ADP's website is adp.com and its common stock is listed on the NASDAQ Global Select Market under the symbol "ADP". The company offers a range of HCM solutions including payroll services, benefits administration, talent management, HR management, workforce management, compliance services, and retirement services. ADP serves over 1 million clients and pays over 41 million workers in 140 countries and territories.

12 mos ending Jun 30, 201212 mos ending Jun 30, 201312 mos ending Jun 30, 201412 mos ending Jun 30, 201512 mos ending Jun 30, 201612 mos ending Jun 30, 201712 mos ending Jun 30, 201812 mos ending Jun 30, 201912 mos ending Jun 30, 202012 mos ending Jun 30, 202112 mos ending Jun 30, 202212 mos ending Jun 30, 20239 mos ending Mar 31, 20239 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$10665.20
11310.10
12206.50
10938.50
11667.80
12379.80
13325.80
14175.20
14589.80
15005.40
16498.30
18012.20
13534.40
14434.10
4.88%6.65%Cost of Revenue (-)
$6240.00
6649.60
7221.40
6427.60
6840.30
7269.80
7842.60
9027.30
8445.10
8640.30
9461.90
9953.40
7468.10
7845.10
4.34%5.05%Gross Profit (+)
$4425.20
4660.50
4985.10
4510.90
4827.50
5110.00
5483.20
5147.90
6144.70
6365.10
7036.40
8058.80
6066.30
6589.00
5.60%8.62%Selling, General & Administrative (-)
$2466.20
2620.60
2762.40
2496.90
2637.00
2783.20
2971.50
3064.20
3003.00
3040.50
3233.20
3551.40
2594.20
2743.60
3.37%5.76%Research & Development (-)
$
707.80
Non-recurring Operating Expenses (-)
$
42.70
Operating Expenses (-)
$8713.90
9322.00
10004.80
2503.40
2693.20
2863.20
3074.20
10210.10
3110.10
3100.20
3315.10
3804.70
2740.60
3002.80
-7.26%9.57%Costs & Expenses (Total) (-)
$14953.90
15971.60
17226.20
8931.00
9533.50
10133.00
10916.80
11280.70
11555.20
11740.50
12777.00
13758.10
10208.70
10847.90
-0.75%6.26%Operating Income/Loss (+)
$-4288.70
-4661.50
-5019.70
2007.50
2134.30
2246.80
2409.00
2894.50
3034.60
3264.90
3721.30
4254.10
3325.70
3586.20
7.83%Non-operating Income/Expense (+)
$170.80
96.20
72.90
63.20
100.40
284.30
-237.90
111.10
148.00
96.30
82.80
183.50
106.30
196.80
0.65%85.14%Interest Expense (-)
$7.70
9.10
6.10
6.50
56.20
80.00
102.70
129.90
107.10
59.70
81.90
253.30
146.40
259.20
37.38%77.05%Earnings before Tax (+)
$2122.10
2084.30
2274.60
2070.70
2234.70
2531.10
2171.10
3005.60
3182.60
3361.20
3804.10
4437.60
3432.00
3783.00
6.94%10.23%Tax Expense (-)
$733.60
720.20
772.00
694.20
741.30
797.70
550.30
712.80
716.10
762.70
855.20
1025.60
796.70
860.30
3.09%7.98%Income/Loss (Continuing Operations) (+)
$1388.50
1364.10
1502.60
1376.50
1493.40
1733.40
1620.80
2292.80
2466.50
2598.50
2948.90
3412.00
2635.30
2922.70
8.52%10.91%Income/Loss (Discontinued Operations) (+)
$
83.40
26.60
152.00
-1.80
Net Income/Loss (+)
$1388.50
1405.80
1515.90
1452.50
1492.50
1733.40
1620.80
2292.80
2466.50
2598.50
2948.90
3412.00
2635.30
2922.70
8.52%10.91%Net Income/Loss (Common) (+)
$1388.50
1405.80
1515.90
1452.50
1492.50
1733.40
1620.80
2292.80
2466.50
2598.50
2948.90
3412.00
2635.30
2922.70
8.52%10.91%EPS (Basic)
$2.85
2.91
3.17
3.07
3.27
3.87
3.68
5.27
5.73
6.10
7.04
8.25
6.36
7.11
10.14%11.79%EPS (Diluted)
$2.82
2.89
3.14
3.05
3.25
3.85
3.66
5.24
5.70
6.07
7.00
8.21
6.33
7.07
10.20%11.69%Weighted Avg Shares (Basic)
487.30
482.70
478.90
472.60
457.00
447.80
440.60
435.00
430.80
426.30
418.80
413.70
414.20
411.10
-1.48%-0.75%Weighted Avg Shares (Diluted)
492.20
487.10
483.10
475.80
459.10
450.30
443.30
437.60
432.70
428.10
421.10
415.70
416.20
413.60
-1.52%-0.62%Cash
$1548.10
1699.10
1983.60
1639.30
3191.10
2780.40
2170.00
1949.20
1908.50
2575.20
1436.30
2083.50
1828.40
3291.70
2.74%80.03%Short-term Investments
$30.40
28.00
2032.20
26.60
23.50
Receivables
$1399.30
1598.30
1800.40
1546.90
1742.80
1703.60
1984.20
2439.30
2441.30
2727.40
3170.60
3009.60
3072.10
3460.70
7.21%12.65%Other Assets (Current)
$22177.80
22875.60
20017.20
25596.40
34543.00
28174.70
27895.80
29953.80
27214.30
35439.20
50198.00
37077.50
46617.70
48887.20
4.78%4.87%Assets (Current)
$25155.60
26201.00
25833.40
28809.20
39500.40
32658.70
32050.00
34342.30
31564.10
40741.80
54804.90
42170.60
51518.20
55639.60
4.81%8.00%Securities & Long-term Investments
$86.90
314.00
54.10
28.90
7.80
Property, Plant & Equipment (Net)
$706.30
728.70
777.40
672.70
685.00
779.90
793.70
764.20
1197.60
1146.70
1103.50
1083.80
1057.80
1031.30
3.97%-2.51%Goodwill & Intangibles
$3866.50
3695.80
3746.10
2296.70
2216.20
2361.20
3129.90
3394.50
3525.20
3548.50
3633.60
3683.00
3696.00
3650.70
-0.44%-1.23%Other Assets
$1000.20
1328.60
1640.70
1303.00
1260.60
1380.20
1115.10
3386.70
2878.60
3335.50
3526.20
4033.60
3609.80
3860.00
13.52%6.93%Assets (Non-current)
$5659.90
6067.10
6218.30
4301.30
4169.60
4521.30
5038.70
7545.40
7601.40
8030.70
8263.30
8800.40
8363.60
8542.00
4.09%2.13%Assets (Total)
$30815.50
32268.10
32051.70
33110.50
43670.00
37180.00
37088.70
41887.70
39165.50
48772.50
63068.20
50971.00
59881.80
64181.60
4.68%7.18%Accounts Payable
$2049.10
2214.20
2439.00
2234.60
2282.40
2393.60
2693.60
3000.50
3067.10
3463.60
3548.60
3935.00
3592.20
5200.50
6.11%44.77%Debt (Current)
$
2173.00
1001.80
Other Liabilities (Current)
$21190.30
22518.60
19296.00
24879.10
33565.00
27422.30
27720.00
29627.20
26057.70
34631.20
51610.10
38832.60
47943.90
49701.40
5.66%3.67%Liabilities (Current)
$23239.40
24732.80
23908.00
27113.70
35847.40
29815.90
30413.60
32627.70
30126.60
38094.80
55158.70
42767.60
51536.10
54901.90
5.70%6.53%Debt (Non-current)
$16.80
14.70
11.50
9.20
2007.70
2002.40
2002.40
2002.20
1002.80
2985.00
2987.10
2989.00
2988.60
2990.70
60.16%0.07%Other Liabilities
$1445.30
1330.70
1462.00
1179.10
1333.30
1384.70
1213.10
1857.90
2283.90
2022.60
1697.10
1705.30
1663.30
1662.30
1.52%-0.06%Liabilities (Non-current)
$1462.10
1345.40
1473.50
1188.30
3341.00
3387.10
3215.50
3860.10
3286.70
5007.60
4684.20
4694.30
4651.90
4653.00
11.19%0.02%Liabilities (Total)
$24701.50
26078.20
25381.50
28302.00
39188.40
33203.00
33629.10
36487.80
33413.30
43102.40
59842.90
47461.90
56188.00
59554.90
6.12%5.99%Treasury Stock
$7104.80
7366.60
7750.00
9118.40
10138.60
11303.70
12209.60
13090.50
14067.00
15386.80
17335.40
18469.30
18162.00
19305.40
9.07%6.30%Retained Earnings
$12438.30
13020.30
13632.90
13460.30
14003.30
14728.20
15271.30
17500.60
18436.30
19451.10
20696.30
22118.00
21857.80
23366.10
5.37%6.90%AOCI
$230.20
15.40
178.20
-260.60
-215.10
-379.20
-680.80
-257.30
-14.80
10.60
-1993.70
-2305.80
-2127.80
-1851.90
12.97%Shareholder's Equity
$6114.00
6189.90
6670.20
4808.50
4481.60
3977.00
3459.60
5399.90
5752.20
5670.10
3225.30
3509.10
3693.80
4626.70
-4.92%25.26%Liabilities & Equity
$30815.50
32268.10
32051.70
33110.50
43670.00
37180.00
37088.70
41887.70
39165.50
48772.50
63068.20
50971.00
59881.80
64181.60
4.68%7.18%Net Income/Loss
$1388.50
1405.80
1515.90
1452.50
1492.50
1733.40
1620.80
2292.80
2466.50
2598.50
2948.90
3412.00
2635.30
2922.70
8.52%10.91%Depreciation & Amortization
$383.30
396.30
430.60
378.20
382.70
402.00
449.10
459.10
530.20
580.20
616.10
572.30
434.40
397.00
3.71%-8.61%Increase/Decrease in Working Capital
$-51.60
375.20
194.50
149.00
128.90
98.30
92.50
1205.80
1131.60
990.20
1691.70
981.30
962.80
1457.70
51.40%Share-based Compensation
$115.40
96.40
138.40
160.80
155.30
163.10
175.40
167.30
130.80
175.30
201.70
220.40
176.60
188.70
6.06%6.85%Adjustments to Reconcile Net Income
$521.70
170.00
305.30
453.10
367.40
392.50
894.40
395.50
559.70
494.80
150.60
795.60
386.60
-65.70
3.91%-116.99%Net Cash (Operating)
$1910.20
1577.20
1821.40
1905.60
1859.90
2125.90
2515.20
2688.30
3026.20
3093.30
3099.50
4207.60
3021.90
2857.00
7.44%-5.46%Capital Expenditure
$443.70
153.50
368.60
401.40
208.10
324.00
1082.80
684.10
587.00
487.10
530.90
604.00
463.10
422.20
2.84%-8.83%Net Cash (Investing)
$3243.60
-1578.40
813.30
-3760.30
-9087.20
5730.40
-2504.60
-2197.70
3156.30
-3515.00
-7014.40
-2517.30
-2052.80
-1171.80
42.92%Increase/Decrease in Debt
$-2.00
-17.50
2169.70
-2175.30
-1.50
-2.00
-7.30
-2.10
-2.20
979.70
-0.90
-1.00
-0.70
-0.70
0.00%Increase/Decrease in Equity
$-741.30
-412.00
-448.20
-1448.10
-1080.40
-1259.60
-989.30
-937.70
-1006.30
-1372.30
-1969.40
-1121.40
-817.50
-796.20
2.61%Interest Expenses
$
37.50
78.10
100.50
127.50
104.80
53.10
74.80
246.50
148.50
260.90
75.69%Dividends Paid
$739.70
805.50
883.10
927.60
943.60
995.20
1063.70
1293.00
1470.50
1575.50
1659.00
1903.60
1386.10
1608.00
8.97%16.01%Net Cash (Financing)
$-4953.90
151.00
-2358.20
1616.70
8790.10
-8281.70
-1655.90
-207.70
-5890.60
6437.50
13653.40
-15680.70
-5686.20
9683.80
270.30%Cash Taxes Paid
$
651.60
817.10
529.70
633.80
677.10
973.70
856.80
1080.70
778.80
806.10
3.51%Effect of Exchange Rate
$-41.20
1.20
8.00
-106.30
-11.00
14.70
5.80
-28.80
-34.50
73.80
-98.70
-21.10
-25.30
-15.70
37.94%Increase/Decrease in Cash
$158.70
151.00
284.50
-344.30
1551.80
-410.70
-1639.50
254.10
257.40
6089.60
9639.80
-14011.50
-4742.40
11353.30
339.40%Cash (Beginning)
$1389.40
1548.10
1699.10
1983.60
1639.30
3191.10
8181.60
6542.10
6796.20
7053.60
13143.20
22783.00
22783.00
8771.50
28.95%-61.50%Cash (Ending)
$1548.10
1699.10
1983.60
1639.30
3191.10
2780.40
6542.10
6796.20
7053.60
13143.20
22783.00
8771.50
18040.60
20124.80
17.08%11.55%NOPAT
$-2806.12
-3050.79
-3316.01
1334.49
1511.97
1521.48
1821.26
2284.13
2388.99
2319.10
2883.15
3218.09
2571.02
2822.04
9.76%Gross Margin %
41.49%
41.21%
40.84%
41.24%
41.37%
41.28%
41.15%
36.32%
42.12%
42.42%
42.65%
44.74%
44.82%
45.65%
Operating Margin %
-40.21%
-41.22%
-41.12%
18.35%
18.29%
18.15%
18.08%
20.42%
20.80%
21.76%
22.56%
23.62%
24.57%
24.85%
NOPAT Margin %
-26.31%
-26.97%
-27.17%
12.20%
12.96%
12.29%
13.67%
16.11%
16.37%
15.46%
17.48%
17.87%
19.00%
19.55%
Net Margin %
13.02%
12.43%
12.42%
13.28%
12.79%
14.00%
12.16%
16.17%
16.91%
17.32%
17.87%
18.94%
19.47%
20.25%
Tax Rate %
34.57%
34.55%
33.94%
33.52%
29.16%
32.28%
24.40%
21.09%
21.28%
28.97%
22.52%
24.35%
22.69%
21.31%
ROA
-9.11%
-9.45%
-10.35%
4.03%
3.46%
4.09%
4.91%
5.45%
6.10%
4.75%
4.57%
6.31%
4.29%
4.40%
ROE
-45.90%
-49.29%
-49.71%
27.75%
33.74%
38.26%
52.64%
42.30%
41.53%
40.90%
89.39%
91.71%
69.60%
60.99%
Asset Turnover
0.35
0.35
0.38
0.33
0.27
0.33
0.36
0.34
0.37
0.31
0.26
0.35
0.23
0.22
Equity Multiplier
5.04
5.21
4.81
6.89
9.74
9.35
10.72
7.76
6.81
8.60
19.55
14.53
16.21
13.87
Current Ratio
1.08
1.06
1.08
1.06
1.10
1.10
1.05
1.05
1.05
1.07
0.99
0.99
1.00
1.01
Quick Ratio
0.13
0.13
0.24
0.12
0.14
0.15
0.14
0.13
0.14
0.14
0.08
0.12
0.10
0.12
Debt/Equity Ratio
0.00
0.00
0.33
0.00
0.45
0.50
0.58
0.37
0.35
0.53
0.93
0.85
0.81
0.65
Interest Coverage Ratio
56.91
28.77
23.97
22.70
28.96
61.49
49.75
17.26
22.40
13.75
Working Capital/Sales
-0.95
-0.95
-0.74
-1.10
-1.38
-1.06
-0.99
-0.98
-0.84
-1.10
-1.50
-1.03
-1.71
-1.74
R&D/Sales
0.05
Dividend Payout Ratio %
26.36%
26.40%
26.63%
69.51%
62.41%
65.41%
58.40%
56.61%
61.55%
67.94%
57.54%
59.15%
53.91%
56.98%
Total Payout
$1483.00
1235.00
-838.40
4551.00
2063.00
2334.90
2160.80
2360.30
2583.80
2021.20
3704.10
3272.50
2352.80
2665.80
7.46%13.30%Payout Ratio %
52.85%
40.48%
-25.28%
341.03%
136.44%
153.46%
118.64%
103.33%
108.15%
87.15%
128.47%
101.69%
91.51%
94.46%