ADP
Automatic Data Processing Inc
NASDAQ: ADP · TECHNOLOGY · SOFTWARE - APPLICATION
$211.94
-1.45% today
Updated 2026-04-29
Market cap
$79.13B
P/E ratio
18.86
P/S ratio
3.73x
EPS (TTM)
$10.42
Dividend yield
3.18%
52W range
$188 – $322
Volume
3.7M
Automatic Data Processing Inc (ADP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.84B | $7.80B | $8.78B | $8.87B | $8.93B | $9.88B | $10.67B | $11.31B | $12.21B | $10.94B | $11.67B | $12.38B | $13.33B | $14.18B | $14.59B | $15.01B | $16.50B | $18.01B | $19.20B | $20.56B |
| Revenue growth (YoY) | — | +14.1% | +12.5% | +1.0% | +0.7% | +10.7% | +8.0% | +6.0% | +7.9% | -10.4% | +6.7% | +6.1% | +7.7% | +6.4% | +2.9% | +2.8% | +9.9% | +9.2% | +6.6% | +7.1% |
| Cost of revenue | $3.22B | $3.68B | $4.23B | $4.41B | $5.03B | $5.22B | $5.70B | $6.06B | $6.58B | $5.90B | $6.31B | $6.73B | $7.28B | $7.55B | $7.88B | $8.03B | $8.77B | $9.21B | $9.61B | $10.11B |
| Gross profit | $3.62B | $4.12B | $4.54B | $4.46B | $3.90B | $4.66B | $4.96B | $5.25B | $5.62B | $5.04B | $5.35B | $5.65B | $6.05B | $6.62B | $6.71B | $6.97B | $7.73B | $8.81B | $9.59B | $10.45B |
| Gross margin | 52.9% | 52.8% | 51.7% | 50.3% | 43.7% | 47.2% | 46.5% | 46.4% | 46.1% | 46.0% | 45.9% | 45.6% | 45.4% | 46.7% | 46.0% | 46.5% | 46.9% | 48.9% | 49.9% | 50.8% |
| R&D | $472.30M | $486.10M | $525.90M | $499.70M | $513.90M | $577.20M | $599.90M | $654.30M | $718.00M | $595.40M | $603.70M | $627.50M | $635.40M | $636.30M | $674.10M | $716.60M | $798.60M | $844.80M | $955.70M | $988.60M |
| SG&A | $2.04B | $2.21B | $2.37B | $2.20B | $2.13B | $2.32B | $2.47B | $2.62B | $2.76B | $2.50B | $2.64B | $2.78B | $2.97B | $3.06B | $3.00B | $3.04B | $3.17B | $3.50B | $3.74B | $4.05B |
| Operating income | $1.30B | $1.51B | $1.73B | $1.83B | $1.77B | $1.82B | $1.96B | $2.04B | $2.22B | $2.01B | $2.25B | $2.42B | $2.58B | $3.00B | $3.14B | $3.32B | $3.80B | $4.51B | $4.94B | $5.41B |
| Operating margin | 19.0% | 19.3% | 19.7% | 20.6% | 19.8% | 18.5% | 18.4% | 18.0% | 18.2% | 18.4% | 19.3% | 19.5% | 19.3% | 21.2% | 21.5% | 22.2% | 23.1% | 25.0% | 25.7% | 26.3% |
| EBITDA | $1.68B | $2.01B | $2.21B | $2.25B | $2.08B | $2.26B | $2.45B | $2.41B | $2.62B | $2.36B | $2.58B | $2.93B | $2.76B | $3.54B | $3.77B | $3.93B | $4.41B | $5.24B | $5.80B | $6.24B |
| EBITDA margin | 24.6% | 25.7% | 25.2% | 25.3% | 23.3% | 22.9% | 23.0% | 21.3% | 21.4% | 21.5% | 22.1% | 23.6% | 20.7% | 25.0% | 25.8% | 26.2% | 26.7% | 29.1% | 30.2% | 30.4% |
| EBIT | $1.43B | $1.72B | $1.89B | $1.94B | $1.77B | $1.94B | $2.13B | $2.09B | $2.28B | $2.08B | $2.29B | $2.61B | $2.39B | $3.14B | $3.29B | $3.42B | $3.89B | $4.70B | $5.24B | $5.76B |
| Interest expense | $72.80M | $94.90M | $80.50M | $33.30M | $8.60M | $8.60M | $7.70M | $9.10M | $6.10M | $6.50M | $56.20M | $80.00M | $102.70M | $129.90M | $107.10M | $59.70M | $86.30M | $257.70M | $365.80M | $455.90M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.55B | $1.14B | $1.24B | $1.33B | $1.21B | $1.25B | $1.39B | $1.41B | $1.52B | $1.45B | $1.49B | $1.73B | $1.62B | $2.29B | $2.47B | $2.60B | $2.95B | $3.41B | $3.75B | $4.08B |
| Net income growth (YoY) | — | -26.7% | +8.5% | +7.8% | -9.1% | +3.5% | +10.7% | +1.2% | +7.8% | -4.2% | +2.8% | +16.1% | -6.5% | +41.5% | +7.6% | +5.4% | +13.5% | +15.7% | +10.0% | +8.7% |
| Profit margin | 22.7% | 14.6% | 14.1% | 15.0% | 13.6% | 12.7% | 13.0% | 12.4% | 12.4% | 13.3% | 12.8% | 14.0% | 12.2% | 16.2% | 16.9% | 17.3% | 17.9% | 18.9% | 19.5% | 19.8% |