Saturday 31 October 2026 Export ADP’s income statement to Excel — free account

Automatic Data Processing, Inc.

Automatic Data Processing, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $21.9 billion, up 6.74% from fiscal 2025. In the quarter to June 2026, revenue grew 6.77%, EPS grew 9.37%, free cash flow fell 5.49% and total debt rose 24.9%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for twenty-five consecutive years, revenue growth for ten; insiders bought in the last twelve months.

293.60 7.52 +2.63%

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Market cap: $113.4B
P/E: 26.8×
Fwd P/E: 24.9×
Dividend yield: 2.32%
F-score: 6/9
Altman Z: 2.24
Beneish M: −2.63
Dividend safety: 84/100

Overview Business Profile Earnings & Analysis Segments Filings

Automatic Data Processing, Inc. (ADP) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by segment, and margins
Employer Services	14,831	67.58%
PEO	7,128	32.48%
Gross margin		46.42%
Operating margin		26.33%
Pre-tax margin		26.11%

Revenue by product or service $m

Line	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Revenues, other than interest on funds held for clients and PEO revenues	10,505 63.67%	9,769 65.10%	9,538 65.38%	9,376 66.45%	—	—
PEO revenues	5,542 33.59%	4,814 32.08%	4,507 30.89%	4,173 29.57%	—	—
Interest on funds held for clients	452 2.74%	422 2.81%	545 3.74%	562 3.98%	—	—
Also reported: a second breakdown of the same revenue
HCM	7,175 43.49%	6,655 44.35%	6,564 44.99%	6,442 45.65%	6,205 46.74%	6,021 48.66%
PEO zero-margin benefits pass-throughs	3,514 21.30%	3,092 20.61%	2,908 19.93%	2,648 18.76%	2,410 18.15%	2,174 17.57%
HRO, excluding PEO zero-margin benefits pass-throughs	3,116 18.89%	2,691 17.93%	2,539 17.40%	2,444 17.32%	2,262 17.04%	2,069 16.72%
Global	2,241 13.58%	2,145 14.29%	2,035 13.94%	2,015 14.28%	1,931 14.55%	1,711 13.83%
Interest on funds held for clients	452 2.74%	422 2.81%	545 3.74%	562 3.98%	467 3.51%	397 3.21%
Revenue	16,498	15,005	14,590	14,110	13,274	12,372

Revenue by segment $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Employer Services	14,831 67.58%	13,883 67.52%	12,981 67.60%	12,043 66.86%	10,968 66.48%	10,195 67.94%	10,087 69.13%	9,943 70.47%	9,455 71.23%	8,914 72.05%	9,212 78.95%	8,815 80.59%	8,438 82.51%	7,899 83.66%	7,449 70.31%	6,878 69.95%	6,535 73.20%	6,379 72.17%
PEO	7,128 32.48%	6,690 32.54%	6,234 32.46%	5,984 33.22%	5,546 33.61%	4,818 32.11%	4,512 30.92%	4,178 29.61%	3,829 28.84%	3,468 28.03%	3,073 26.34%	2,647 24.20%	2,271 22.21%	1,973 20.90%	1,771 16.72%	1,544 15.70%	1,317 14.75%	1,186 13.42%
Other Operating	—	—	—	—	—	(8) (0.05%)	(8) (0.06%)	(10) (0.07%)	(9) (0.07%)	(11) (0.09%)	2 0.02%	70 0.64%	68 0.66%	2 0.02%	6 0.05%	13 0.13%	19 0.21%	20 0.22%
Dealer Services	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1,676 15.82%	1,514 15.39%	1,248 13.98%	1,242 14.05%
Foreign Exchange Reconciling Item	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	97 0.99%	(54) (0.61%)	79 0.89%
Cost Of Capital Reconciling Item	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0 0.00%	—	—
Client Fund Interest Reconciling Item	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	(213) (2.16%)	(137) (1.53%)	(66) (0.75%)
Eliminations	—	—	—	—	—	—	—	—	—	—	(619) (5.31%)	(594) (5.43%)	(550) (5.37%)	(432) (4.57%)	(307) (2.90%)	—	—	—
Revenue	21,947	20,561	19,203	18,012	16,498	15,005	14,590	14,110	13,274	12,372	11,668	10,939	10,226	9,442	10,595	9,833	8,928	8,838

Revenue by region $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
United States	19,280 87.85%	18,179 88.42%	16,934 88.19%	15,951 88.56%	14,503 87.91%	13,082 87.18%	12,740 87.32%	12,263 86.91%	11,440 86.18%	10,753 86.92%	10,111 86.66%	9,102 83.21%	8,354 81.69%	7,700 81.55%	8,493 80.16%	7,884 80.18%	7,195 80.59%	7,223 81.72%
EMEA	1,733 7.90%	1,534 7.46%	1,451 7.56%	1,309 7.27%	1,304 7.91%	1,308 8.72%	1,236 8.47%	1,237 8.77%	1,242 9.36%	1,086 8.78%	1,064 9.12%	1,087 9.93%	1,133 11.08%	1,033 10.94%	1,270 11.98%	1,191 12.11%	1,090 12.21%	1,052 11.90%
Canada	524 2.39%	489 2.38%	474 2.47%	428 2.37%	389 2.36%	337 2.25%	330 2.26%	327 2.31%	322 2.42%	291 2.35%	284 2.43%	321 2.93%	335 3.27%	339 3.59%	427 4.03%	428 4.35%	383 4.29%	343 3.89%
Other	411 1.87%	359 1.75%	343 1.79%	325 1.80%	302 1.83%	279 1.86%	284 1.94%	284 2.01%	271 2.04%	241 1.95%	209 1.79%	429 3.92%	405 3.96%	371 3.93%	405 3.83%	330 3.36%	260 2.91%	221 2.50%
Revenue	21,947	20,561	19,203	18,012	16,498	15,005	14,590	14,110	13,274	12,372	11,668	10,939	10,226	9,442	10,595	9,833	8,928	8,838

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average balance - Client extended	Q1 FY2027	$15.0B	—	—
Average balance - Client long	Q1 FY2027	$15.0B	—	—
Average client funds balances	Q1 FY2027	$36.9B	—	—
Average paid PEO worksite employees during the period	Q1 FY2027	771.0K	754.0K	+2.25%
Paid PEO worksite employees at end of period	Q1 FY2027	770.0K	752.0K	+2.39%
The average interest yield on client funds	Q1 FY2027	3.60%	—	—

	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024
Average balance - Client extended	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average balance - Client long	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average client funds balances	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average paid PEO worksite employees during the period	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Paid PEO worksite employees at end of period	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
The average interest yield on client funds	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.