PerpEquities

Equity · Industrials

Is Automatic Data Processing (ADP) tradable as a perp? Not yet

Automatic Data Processing (ADP) provides cloud-based human capital management solutions, including payroll, HR, benefits, and PEO services, headquartered in Roseland, New Jersey.

Not yet listed on any perp exchange

No perpetual-futures venue lists ADP yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company data

Company fundamentals

Updated 1h ago
Market cap
$107.2B
Updated 1h ago
Revenue
$21.9B
Trailing 12 months
Revenue growth
+6%
Next fiscal year
Profit margin
+20.1%
P/E
24.5
Peer P/E 30.7
Free cash flow
$5B
Trailing 12 months
More metrics
Net income
$4.4B
Trailing 12 months
P/S
4.9
Peer P/E
30.7
Similar listed perps
Revenue estimate
$23.2B
Next fiscal year
Earnings
2026-10-28
Revenue est. $5.5B · Updated 1h ago
Dividend
$1.7
2026-09-11

Fundamental detail

Annual + quarterly
Latest revenue$21.9B
Net margin+20.1%
Free cash flow$5.2B
Net debt$1B
2021$15B
2022$16.5B
2023$18B
2024$19.2B
2025$20.6B
2026$21.9B
PeriodRevenueGrowthNet incomeFCF
2021$15B+3%$2.6B$2.6B
2022$16.5B+10%$2.9B$2.5B
2023$18B+9%$3.4B$3.6B
2024$19.2B+7%$3.8B$3.6B
2025$20.6B+7%$4.1B$4.8B
2026$21.9B+7%$4.4B$5.2B
PeriodGross marginOperating marginNet marginROEROA
2021+46.5%+22.2%+17.3%+45.8%+5.3%
2022+46.9%+23.1%+17.9%+91.4%+4.7%
2023+48.9%+25.0%+18.9%+97.2%+6.7%
2024+49.9%+25.7%+19.5%+82.5%+6.9%
2025+50.8%+26.3%+19.8%+65.9%+7.6%
2026+48.2%+18.6%+20.1%+73.2%+7.0%
PeriodCashDebtNet debtCurrent ratio
2021$2.6B$3.4B$776.5M1.07
2022$1.4B$3.5B$2.1B0.99
2023$2.1B$3.4B$1.4B0.99
2024$2.9B$3.7B$791.9M1.01
2025$3.3B$9.1B$5.7B1.05
2026$4.2B$5.3B$1B0.17
PeriodMarket capEnterprise valueP/SP/E
2021$84.7B$85.4B5.632.6
2022$88B$90B5.329.8
2023$90.9B$92.3B5.026.6
2024$96.8B$97.6B5.025.8
2025$125.5B$131.3B6.130.8
2026$89.5B$90.5B4.120.4
Q1 2025$4.8B
Q2 2025$5B
Q3 2025$5.6B
Q4 2025$5.1B
Q1 2026$5.2B
Q2 2026$5.4B
Q3 2026$5.9B
Q4 2026$5.5B
PeriodRevenueGrowthNet incomeFCF
Q1 2025$4.8B+7%$956.3M$765.6M
Q2 2025$5B+8%$963.2M$1.1B
Q3 2025$5.6B+6%$1.2B$1.5B
Q4 2025$5.1B+8%$910.6M$1.4B
Q1 2026$5.2B+7%$1B$595.6M
Q2 2026$5.4B+6%$1.1B$1.1B
Q3 2026$5.9B+7%$1.4B$2B
Q4 2026$5.5B+7%$978.6M$1.2B
PeriodGross marginOperating marginNet marginROEROA
Q1 2025+49.8%+26.3%+19.8%+17.9%+1.9%
Q2 2025+49.9%+25.7%+19.1%+19.0%+1.5%
Q3 2025+51.7%+29.4%+22.5%+21.3%+2.2%
Q4 2025+50.3%+23.5%+17.8%+14.7%+1.7%
Q1 2026+45.2%-2.4%+19.6%+15.9%+1.9%
Q2 2026+46.1%+23.8%+19.8%+16.6%+1.3%
Q3 2026+48.3%+30.1%+22.9%+21.4%+2.1%
Q4 2026+53.0%+20.8%+17.9%+16.2%+1.5%
PeriodCashDebtNet debtCurrent ratio
Q1 2025$2.1B$8.7B$6.6B1.01
Q2 2025$2.2B$4.3B$2.1B1.00
Q3 2025$2.7B$4.3B$1.6B1.02
Q4 2025$3.3B$9.1B$5.7B1.05
Q1 2026$2.5B$9.5B$7B1.05
Q2 2026$2.4B$4.6B$2.2B1.03
Q3 2026$3.2B$4.3B$1.1B1.04
Q4 2026$4.2B$5.3B$1B0.17
PeriodMarket capEnterprise valueP/SP/E
Q1 2025$112.9B$119.4B23.429.6
Q2 2025$119.3B$121.4B23.631.0
Q3 2025$124.3B$125.9B22.424.9
Q4 2025$125.2B$130.9B24.434.4
Q1 2026$118.9B$126B23.029.4
Q2 2026$103.9B$106.1B19.424.5
Q3 2026$81.5B$82.6B13.715.0
Q4 2026$89.5B$90.5B16.322.9
Historical value series
Revenue
Q1 2024: $4.5BQ2 2024: $4.7BQ3 2024: $5.3BQ4 2024: $4.8BQ1 2025: $4.8BQ2 2025: $5BQ3 2025: $5.6BQ4 2025: $5.1BQ1 2026: $5.2BQ2 2026: $5.4BQ3 2026: $5.9BQ4 2026: $5.5BQ1 2024Q4 2026
Net income
Q1 2024: $859.4MQ2 2024: $878.4MQ3 2024: $1.2BQ4 2024: $829.3MQ1 2025: $956.3MQ2 2025: $963.2MQ3 2025: $1.2BQ4 2025: $910.6MQ1 2026: $1BQ2 2026: $1.1BQ3 2026: $1.4BQ4 2026: $978.6MQ1 2024Q4 2026
EBITDA
Q1 2024: $1.3BQ2 2024: $1.4BQ3 2024: $1.8BQ4 2024: $1.3BQ1 2025: $1.5BQ2 2025: $1.5BQ3 2025: $1.8BQ4 2025: $1.4BQ1 2026: $1.6BQ2 2026: $1.6BQ3 2026: $1.9BQ4 2026: $1.3BQ1 2024Q4 2026
Free cash flow
Q1 2024: $200.2MQ2 2024: $898.9MQ3 2024: $1.3BQ4 2024: $1.2BQ1 2025: $765.6MQ2 2025: $1.1BQ3 2025: $1.5BQ4 2025: $1.4BQ1 2026: $595.6MQ2 2026: $1.1BQ3 2026: $2BQ4 2026: $1.2BQ1 2024Q4 2026
EPS
Q1 2024: $2.08Q2 2024: $2.13Q3 2024: $2.88Q4 2024: $2.02Q1 2025: $2.34Q2 2025: $2.36Q3 2025: $3.06Q4 2025: $2.23Q1 2026: $2.49Q2 2026: $2.63Q3 2026: $3.38Q4 2026: $2.45Q1 2024Q4 2026
Cash / Debt
Q1 2024 · Cash: $1.4BQ1 2024 · Debt: $3.3BQ2 2024 · Cash: $1.6BQ2 2024 · Debt: $3.3BQ3 2024 · Cash: $3.3BQ3 2024 · Debt: $3.4BQ4 2024 · Cash: $2.9BQ4 2024 · Debt: $3.7BQ1 2025 · Cash: $2.1BQ1 2025 · Debt: $8.7BQ2 2025 · Cash: $2.2BQ2 2025 · Debt: $4.3BQ3 2025 · Cash: $2.7BQ3 2025 · Debt: $4.3BQ4 2025 · Cash: $3.3BQ4 2025 · Debt: $9.1BQ1 2026 · Cash: $2.5BQ1 2026 · Debt: $9.5BQ2 2026 · Cash: $2.4BQ2 2026 · Debt: $4.6BQ3 2026 · Cash: $3.2BQ3 2026 · Debt: $4.3BQ4 2026 · Cash: $4.2BQ4 2026 · Debt: $5.3BQ1 2024Q4 2026
CashDebt
Profitability
Q1 2024 · Gross margin: +49.0%Q2 2024 · Gross margin: +49.6%Q3 2024 · Gross margin: +51.4%Q4 2024 · Gross margin: +49.5%Q1 2025 · Gross margin: +49.8%Q2 2025 · Gross margin: +49.9%Q3 2025 · Gross margin: +51.7%Q4 2025 · Gross margin: +50.3%Q1 2026 · Gross margin: +45.2%Q2 2026 · Gross margin: +46.1%Q3 2026 · Gross margin: +48.3%Q4 2026 · Gross margin: +53.0%Q1 2024 · Operating margin: +24.7%Q2 2024 · Operating margin: +25.4%Q3 2024 · Operating margin: +29.4%Q4 2024 · Operating margin: +23.0%Q1 2025 · Operating margin: +26.3%Q2 2025 · Operating margin: +25.7%Q3 2025 · Operating margin: +29.4%Q4 2025 · Operating margin: +23.5%Q1 2026 · Operating margin: -2.4%Q2 2026 · Operating margin: +23.8%Q3 2026 · Operating margin: +30.1%Q4 2026 · Operating margin: +20.8%Q1 2024 · Net margin: +19.0%Q2 2024 · Net margin: +18.8%Q3 2024 · Net margin: +22.6%Q4 2024 · Net margin: +17.4%Q1 2025 · Net margin: +19.8%Q2 2025 · Net margin: +19.1%Q3 2025 · Net margin: +22.5%Q4 2025 · Net margin: +17.8%Q1 2026 · Net margin: +19.6%Q2 2026 · Net margin: +19.8%Q3 2026 · Net margin: +22.9%Q4 2026 · Net margin: +17.9%Q1 2024Q4 2026
Gross marginOperating marginNet margin
Revenue growth
Q1 2025: +7.1%Q2 2025: +8.1%Q3 2025: +5.7%Q4 2025: +7.5%Q1 2026: +7.1%Q2 2026: +6.2%Q3 2026: +7.0%Q4 2026: +6.8%Q1 2024Q4 2026
Shares outstanding
Q1 2024: 413.6MQ2 2024: 412.5MQ3 2024: 412.1MQ4 2024: 410.6MQ1 2025: 409.5MQ2 2025: 409MQ3 2025: 408.5MQ4 2025: 407.7MQ1 2026: 406.8MQ2 2026: 404.7MQ3 2026: 402.3MQ4 2026: 399.4MQ1 2024Q4 2026
Valuation
Q1 2024 · P/E: 28.8Q2 2024 · P/E: 27.3Q3 2024 · P/E: 21.2Q4 2024 · P/E: 29.0Q1 2025 · P/E: 29.6Q2 2025 · P/E: 31.0Q3 2025 · P/E: 24.9Q4 2025 · P/E: 34.4Q1 2026 · P/E: 29.4Q2 2026 · P/E: 24.5Q3 2026 · P/E: 15.0Q4 2026 · P/E: 22.9Q1 2024 · P/S: 21.9Q2 2024 · P/S: 20.5Q3 2024 · P/S: 19.2Q4 2024 · P/S: 20.2Q1 2025 · P/S: 23.4Q2 2025 · P/S: 23.6Q3 2025 · P/S: 22.4Q4 2025 · P/S: 24.4Q1 2026 · P/S: 23.0Q2 2026 · P/S: 19.4Q3 2026 · P/S: 13.7Q4 2026 · P/S: 16.3Q1 2024Q4 2026
P/EP/S
Revenue
2019: $14.2B2020: $14.6B2021: $15B2022: $16.5B2023: $18B2024: $19.2B2025: $20.6B2026: $21.9B20192026
Net income
2019: $2.3B2020: $2.5B2021: $2.6B2022: $2.9B2023: $3.4B2024: $3.8B2025: $4.1B2026: $4.4B20192026
EBITDA
2019: $3.5B2020: $3.8B2021: $3.9B2022: $4.4B2023: $5.2B2024: $5.8B2025: $6.2B2026: $6.4B20192026
Free cash flow
2019: $2.1B2020: $2.4B2021: $2.6B2022: $2.5B2023: $3.6B2024: $3.6B2025: $4.8B2026: $5.2B20192026
EPS
2019: $5.242020: $5.72021: $6.072022: $72023: $8.212024: $9.12025: $9.982026: $1120192026
Cash / Debt
2019 · Cash: $1.9B2019 · Debt: $2.3B2020 · Cash: $1.9B2020 · Debt: $2.3B2021 · Cash: $2.6B2021 · Debt: $3.4B2022 · Cash: $1.4B2022 · Debt: $3.5B2023 · Cash: $2.1B2023 · Debt: $3.4B2024 · Cash: $2.9B2024 · Debt: $3.7B2025 · Cash: $3.3B2025 · Debt: $9.1B2026 · Cash: $4.2B2026 · Debt: $5.3B20192026
CashDebt
Profitability
2019 · Gross margin: +46.7%2020 · Gross margin: +46.0%2021 · Gross margin: +46.5%2022 · Gross margin: +46.9%2023 · Gross margin: +48.9%2024 · Gross margin: +49.9%2025 · Gross margin: +50.8%2026 · Gross margin: +48.2%2019 · Operating margin: +21.2%2020 · Operating margin: +21.5%2021 · Operating margin: +22.2%2022 · Operating margin: +23.1%2023 · Operating margin: +25.0%2024 · Operating margin: +25.7%2025 · Operating margin: +26.3%2026 · Operating margin: +18.6%2019 · Net margin: +16.2%2020 · Net margin: +16.9%2021 · Net margin: +17.3%2022 · Net margin: +17.9%2023 · Net margin: +18.9%2024 · Net margin: +19.5%2025 · Net margin: +19.8%2026 · Net margin: +20.1%20192026
Gross marginOperating marginNet margin
Revenue growth
2020: +2.9%2021: +2.8%2022: +9.9%2023: +9.2%2024: +6.6%2025: +7.1%2026: +6.7%20192026
Shares outstanding
2019: 437.6M2020: 432.7M2021: 428.1M2022: 421.1M2023: 415.7M2024: 412.2M2025: 408.7M2026: 399.4M20192026
Valuation
2019 · P/E: 31.62020 · P/E: 26.02021 · P/E: 32.62022 · P/E: 29.82023 · P/E: 26.62024 · P/E: 25.82025 · P/E: 30.82026 · P/E: 20.42019 · P/S: 5.12020 · P/S: 4.42021 · P/S: 5.62022 · P/S: 5.32023 · P/S: 5.02024 · P/S: 5.02025 · P/S: 6.12026 · P/S: 4.120192026
P/EP/S

Refreshed 1h ago

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202611.07$21.9B+7%10
FY 202712.26$23.2B+6%11
FY 202813.39$24.5B+12%11
FY 202914.57$25.9B+18%4
Q3 20273.03$5.8B-2%8
Q4 20273.20$6B+10%8

Company events

6
2026-10-28EarningsActual - / Estimate 2.78-
2026-09-11Dividend$1.7-
2026-07-29EarningsActual 2.64 / Estimate 2.59Beat
2026-06-12Dividend$1.7-
2026-04-29EarningsActual 3.37 / Estimate 3.3Beat
2026-03-13Dividend$1.7-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
VRT$99B8.656.9+15.1%13GD$96.3B1.821.4+8.2%2LMT$121B1.619.2+8.2%6NOC$73.7B1.716.5+10.5%3ETN$165.2B5.543.1+12.8%2BA$166.3B1.878.8+2.6%4ROK$47.7B5.340.1+13.4%5SUMIELEC$42.2B1.216.2+7.6%2

Analyst track record

How the analysts covering ADP have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings88211
Analysts1722
Buy / hold / sell13 / 58 / 1750 / 140 / 21
Upgrades / downgrades / initiations1 / 1 / 33 / 1 / 4
Price targets hit / missed32 / 55 (37%)72 / 132 (35%)
Avg. return after a rating (TipRanks)+0.7%-3.2%
Best / worst call+40.7% / -19.5%+40.7% / -23.6%

After buy calls on this stock: median 21-day move +4.7% vs S&P 500 0.0% (n = 51)

Most accurate on this stock

  1. Jacob Smith CFA · Guggenheim100% hit rate on this stockBuy · target $270 · Apr 20, 2026
  2. David Grossman · Stifel Nicolaus100% hit rate on this stockHold · target $250 · Jan 26, 2024
  3. Kevin Mcveigh · UBS80% hit rate on this stockHold · target $220 · Mar 27, 2026

Latest ratings

  • Sep 9, 2026 Bryan Keane (Citi): Maintained · Hold · $287 · article
  • Aug 31, 2026 Kevin Mcveigh (UBS): Reiterated · Hold · $290 · article
  • Aug 24, 2026 Kevin Mcveigh (UBS): Reiterated · Hold · $285 · article
  • Aug 24, 2026 Andy Yu CFA (DBS): Maintained · Hold · $290 · article
  • Aug 17, 2026 Kevin Mcveigh (UBS): Maintained · Hold · $280 · article
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$200$220$240$260$280$300Oct 25 · Buy 3 · Hold 10 · Sell 2Oct 25Nov 25 · Buy 3 · Hold 9 · Sell 2Dec 25 · Buy 3 · Hold 8 · Sell 3Dec 25Jan 26 · Buy 2 · Hold 8 · Sell 3Feb 26 · Buy 2 · Hold 8 · Sell 3Feb 26Mar 26 · Buy 3 · Hold 8 · Sell 3Apr 26 · Buy 3 · Hold 9 · Sell 3Apr 26May 26 · Buy 4 · Hold 9 · Sell 2Jun 26 · Buy 4 · Hold 9 · Sell 2Jun 26Jul 26 · Buy 4 · Hold 10 · Sell 2Aug 26 · Buy 4 · Hold 11 · Sell 2Aug 26Sep 26 · Buy 4 · Hold 11 · Sell 2Oct 25 · avg. target $302Nov 25 · avg. target $301Dec 25 · avg. target $298Jan 26 · avg. target $280Feb 26 · avg. target $279Mar 26 · avg. target $268Apr 26 · avg. target $252May 26 · avg. target $246Jun 26 · avg. target $246Jul 26 · avg. target $276Aug 26 · avg. target $278Sep 26 · avg. target $278Oct 25 · month-end close $260Nov 25 · month-end close $255Dec 25 · month-end close $257Jan 26 · month-end close $247Feb 26 · month-end close $214Mar 26 · month-end close $203Apr 26 · month-end close $212May 26 · month-end close $222Jun 26 · month-end close $224Jul 26 · month-end close $266Aug 26 · month-end close $286Sep 26 · month-end close $267

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 11, 2026 · 88 ratings