Automatic Data Processing, Inc. (ADP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 5.94B | 5.36B | 5.18B | 5.13B | 5.55B | 5.05B | 4.83B | 4.77B | 5.25B | 4.67B | 4.51B | 4.48B | 4.93B | 4.39B | 4.22B | 4.13B | 4.51B | 4.03B | 3.83B | 3.74B |
| Revenue Growth % | 6.95% | 6.16% | 7.09% | 7.51% | 5.69% | 8.15% | 7.1% | 6.49% | 6.62% | 6.31% | 7.04% | 8.48% | 9.19% | 9.08% | 10% | 10.46% | 10.02% | 8.92% | 10.42% | 10.66% |
| Cost of Goods Sold | 3.07B | 2.89B | 2.84B | 2.55B | 2.68B | 2.53B | 2.42B | 2.41B | 2.55B | 2.35B | 2.3B | 2.29B | 2.44B | 2.27B | 2.21B | 2.2B | 2.34B | 2.17B | 2.06B | 2.04B |
| COGS % of Revenue | 51.72% | 53.92% | 54.8% | 49.69% | 48.29% | 50.06% | 50.17% | 50.5% | 48.56% | 50.42% | 50.95% | 51.12% | 49.45% | 51.73% | 52.41% | 53.28% | 51.88% | 53.84% | 53.75% | 54.51% |
| Gross Profit | 2.87B | 2.47B | 2.34B | 2.58B | 2.87B | 2.52B | 2.41B | 2.36B | 2.7B | 2.31B | 2.21B | 2.19B | 2.49B | 2.12B | 2.01B | 1.93B | 2.17B | 1.86B | 1.77B | 1.7B |
| Gross Margin % | 48.28% | 46.08% | 45.2% | 50.31% | 51.71% | 49.94% | 49.83% | 49.5% | 51.44% | 49.58% | 49.05% | 48.88% | 50.55% | 48.27% | 47.59% | 46.72% | 48.12% | 46.16% | 46.25% | 45.49% |
| Gross Profit Growth % | -0.14% | -2.05% | -2.87% | 9.27% | 6.24% | 8.93% | 8.81% | 7.84% | 8.5% | 9.19% | 10.33% | 13.49% | 14.71% | 14.07% | 13.19% | 13.45% | 9.92% | 7.96% | 12.35% | 17.56% |
| Operating Expenses | 1.08B | 1.19B | 2.46B | 1.37B | 1.24B | 1.22B | 1.14B | 1.26B | 1.16B | 1.13B | 1.1B | 1.15B | 1.13B | 1.04B | 984.4M | 1.1B | 988.2M | 956.3M | 881.9M | 1.01B |
| OpEx % of Revenue | 18.21% | 22.25% | 47.57% | 26.77% | 22.3% | 24.19% | 23.51% | 26.48% | 22.04% | 24.22% | 24.3% | 25.7% | 22.83% | 23.57% | 23.35% | 26.67% | 21.9% | 23.76% | 23.01% | 27% |
| Selling, General & Admin | 1.08B | 1.07B | 1.01B | 1.1B | 991.2M | 981.9M | 903.7M | 1.01B | 915.3M | 902M | 860.1M | 928.6M | 916.4M | 830.9M | 774.6M | 888.2M | 790.9M | 756.6M | 693.1M | 814.2M |
| SG&A % of Revenue | 18.21% | 19.93% | 19.44% | 21.52% | 17.85% | 19.45% | 18.7% | 21.28% | 17.42% | 19.32% | 19.06% | 20.74% | 18.6% | 18.92% | 18.37% | 21.52% | 17.52% | 18.8% | 18.09% | 21.79% |
| Research & Development | 0 | 257.8M | 251.2M | 269.3M | 247.1M | 239.5M | 232.6M | 247.9M | 242.7M | 228.7M | 236.5M | 222.3M | 208.6M | 204.2M | 209.8M | 212.8M | 197.3M | 199.7M | 188.8M | 194.9M |
| R&D % of Revenue | - | 4.81% | 4.85% | 5.25% | 4.45% | 4.74% | 4.81% | 5.2% | 4.62% | 4.9% | 5.24% | 4.96% | 4.23% | 4.65% | 4.98% | 5.16% | 4.37% | 4.96% | 4.93% | 5.22% |
| Other Operating Expenses | 0 | -1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.79B | 1.28B | -122.5M | 1.21B | 1.63B | 1.3B | 1.27B | 1.1B | 1.54B | 1.18B | 1.12B | 1.04B | 1.37B | 1.08B | 1.02B | 827.5M | 1.18B | 901.9M | 890.5M | 690.7M |
| Operating Margin % | 30.06% | 23.84% | -2.37% | 23.54% | 29.41% | 25.75% | 26.32% | 23.02% | 29.4% | 25.36% | 24.75% | 23.18% | 27.72% | 24.7% | 24.24% | 20.05% | 26.22% | 22.41% | 23.24% | 18.48% |
| Operating Income Growth % | 9.34% | -1.72% | -109.63% | 9.94% | 5.72% | 9.79% | 13.91% | 5.76% | 13.08% | 9.16% | 9.3% | 25.41% | 15.44% | 20.26% | 14.73% | 19.81% | 11.54% | 10.32% | 17.88% | 26.97% |
| EBITDA | 1.91B | 1.4B | 800K | 1.33B | 1.78B | 1.45B | 1.41B | 1.23B | 1.69B | 1.32B | 1.26B | 1.18B | 1.5B | 1.22B | 1.16B | 958M | 1.31B | 1.03B | 1.02B | 816.7M |
| EBITDA Margin % | 32.12% | 26.13% | 0.02% | 25.91% | 32.05% | 28.74% | 29.19% | 25.86% | 32.15% | 28.36% | 27.88% | 26.31% | 30.5% | 27.82% | 27.44% | 23.21% | 29.08% | 25.55% | 26.61% | 21.86% |
| EBITDA Growth % | 7.17% | -3.49% | -99.94% | 7.69% | 5.37% | 9.58% | 12.11% | 4.68% | 12.4% | 8.4% | 8.77% | 22.99% | 14.53% | 18.77% | 13.46% | 17.3% | 10.48% | 8.92% | 15.01% | 22.17% |
| D&A (Non-Cash Add-back) | 122.1M | 122.9M | 123.3M | 121.5M | 147M | 151.1M | 138.6M | 135.7M | 144.6M | 140.1M | 141.5M | 140.4M | 137M | 136.8M | 135.1M | 130.5M | 129M | 126.5M | 129.1M | 126M |
| EBIT | 1.77B | 1.51B | 1.44B | 1.3B | 1.7B | 1.39B | 1.37B | 1.19B | 1.61B | 1.25B | 1.19B | 1.11B | 1.4B | 1.11B | 1.06B | 831M | 1.21B | 928.5M | 919.3M | 714.3M |
| Net Interest Income | -14.9M | -22.6M | -33.9M | -25.7M | -17.5M | -44.3M | -45M | -21.1M | -5.7M | -49.1M | -46.2M | -41.3M | -13.1M | -27M | -22.6M | -10.6M | -11.7M | -9.9M | -8.8M | -9.7M |
| Interest Income | 63.8M | 101.5M | 101.5M | 88M | 55.9M | 83.9M | 91.7M | 82.1M | 55.9M | 56.9M | 46.5M | 66.7M | 24.1M | 28.9M | 29.7M | 17.1M | 5.6M | 8.5M | 9.7M | 7.5M |
| Interest Expense | 78.7M | 124.1M | 135.4M | 113.7M | 73.4M | 128.2M | 136.7M | 103.2M | 61.6M | 106M | 92.7M | 108M | 37.2M | 55.9M | 52.3M | 27.7M | 17.3M | 18.4M | 18.5M | 17.2M |
| Other Income/Expense | -3.7M | 105.8M | 1.43B | -16.1M | -11.1M | -38.5M | -35.8M | -8.2M | 1.6M | -40.1M | -23.9M | -32.3M | -2M | -26.5M | -11.7M | -24.2M | 6.6M | 8.2M | 10.3M | 6.4M |
| Pretax Income | 1.78B | 1.38B | 1.31B | 1.19B | 1.62B | 1.26B | 1.24B | 1.09B | 1.55B | 1.14B | 1.09B | 1.01B | 1.36B | 1.06B | 1.01B | 803.3M | 1.19B | 910.1M | 900.8M | 697.1M |
| Pretax Margin % | 30% | 25.81% | 25.26% | 23.22% | 29.21% | 24.98% | 25.58% | 22.85% | 29.43% | 24.5% | 24.22% | 22.46% | 27.68% | 24.1% | 23.96% | 19.46% | 26.37% | 22.61% | 23.51% | 18.65% |
| Income Tax | 422M | 321.1M | 294.5M | 280M | 372.4M | 298.1M | 279.9M | 260.1M | 361.4M | 265.4M | 233.4M | 228.9M | 320.9M | 245M | 231M | 177.9M | 261.4M | 215.7M | 200.3M | 158.9M |
| Effective Tax Rate % | 23.68% | 23.21% | 22.52% | 23.52% | 22.96% | 23.63% | 22.64% | 23.88% | 23.37% | 23.2% | 21.36% | 22.76% | 23.53% | 23.15% | 22.87% | 22.15% | 21.97% | 23.7% | 22.24% | 22.79% |
| Net Income | 1.36B | 1.06B | 1.01B | 910.6M | 1.25B | 963.2M | 956.3M | 829.3M | 1.18B | 878.4M | 859.4M | 776.7M | 1.04B | 813.1M | 779M | 625.4M | 928.5M | 694.4M | 700.5M | 538.2M |
| Net Margin % | 22.9% | 19.82% | 19.57% | 17.76% | 22.5% | 19.08% | 19.79% | 17.39% | 22.55% | 18.82% | 19.05% | 17.35% | 21.17% | 18.52% | 18.48% | 15.15% | 20.57% | 17.25% | 18.28% | 14.4% |
| Net Income Growth % | 8.83% | 10.27% | 5.93% | 9.8% | 5.45% | 9.65% | 11.28% | 6.77% | 13.59% | 8.03% | 10.32% | 24.19% | 12.34% | 17.09% | 11.21% | 16.2% | 14.53% | 7.24% | 16.34% | 30.79% |
| Net Income (Continuing) | 1.36B | 1.06B | 1.01B | 910.6M | 1.25B | 963.2M | 956.3M | 829.3M | 1.18B | 878.4M | 859.4M | 776.7M | 1.04B | 813.1M | 779M | 625.4M | 928.5M | 694.4M | 700.5M | 538.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.38 | 2.63 | 2.49 | 2.23 | 3.06 | 2.36 | 2.34 | 2.02 | 2.88 | 2.13 | 2.08 | 1.87 | 2.51 | 1.95 | 1.87 | 1.50 | 2.21 | 1.65 | 1.65 | 1.26 |
| EPS Growth % | 10.46% | 11.44% | 6.41% | 10.4% | 6.25% | 10.83% | 12.61% | 7.75% | 14.72% | 9% | 11.2% | 25.36% | 13.61% | 18.72% | 13.05% | 18.34% | 16.58% | 9.02% | 18.05% | 32.24% |
| EPS (Basic) | 3.39 | 2.63 | 2.50 | 2.24 | 3.07 | 2.36 | 2.34 | 2.03 | 2.89 | 2.14 | 2.09 | 1.88 | 2.52 | 1.96 | 1.88 | 1.50 | 2.22 | 1.65 | 1.66 | 1.27 |
| Diluted Shares Outstanding | 402.3M | 404.7M | 406.83M | 407.7M | 408.5M | 409M | 409.5M | 410.6M | 412.1M | 412.5M | 413.6M | 414.3M | 415.5M | 416.2M | 416.9M | 418.2M | 420.2M | 422M | 423.8M | 425.9M |
| Basic Shares Outstanding | 401.1M | 403.8M | 405.2M | 406M | 406.9M | 407.6M | 407.9M | 408.9M | 410.5M | 411.1M | 411.7M | 412.4M | 413.7M | 414.3M | 414.6M | 415.9M | 418.1M | 419.8M | 421.4M | 423.5M |
| Dividend Payout Ratio | 50.53% | 59.25% | 61.87% | 68.72% | 50.26% | 59.44% | 59.88% | 69.35% | 48.6% | 58.78% | 60.02% | 66.63% | 49.91% | 53.2% | 55.57% | 69.44% | 47.14% | 56.71% | 56.13% | 73.58% |