Automatic Data Processing (ADP) income statement
NASDAQ · Technology · Software - Application · 67,000 employees · CEO Maria Black
- Price
- $293.84 +2.71%
- Market cap
- $116B
- Enterprise value
- $119B
- Last report
- Q1 '27 filed 2026-10-30
- Next report
- 2027-01-27 EPS est. $2.90
Automatic Data Processing (ADP) reported revenue of $5.49B for Q1 '27 (+6.1% year on year), operating income of $1.31B (23.9% of revenue) and net income of $1.13B. Over the last four quarters revenue was $22.3B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.67B | $5.25B | $4.77B | $4.83B | $5.05B | $5.55B | $5.13B | $5.18B | $5.36B | $5.94B | $5.47B | $5.49B | |
| Cost of revenue | $2.35B | $2.55B | $2.41B | $2.42B | $2.53B | $2.68B | $2.55B | $2.84B | $2.89B | $3.07B | $2.57B | $2.58B | |
| Gross profit | $2.31B | $2.7B | $2.36B | $2.41B | $2.52B | $2.87B | $2.58B | $2.34B | $2.47B | $2.87B | $2.9B | $2.91B | |
| Research & development | $229M | $243M | $248M | $233M | $240M | $247M | $269M | $251M | $258M | $0 | $266M | $251M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.08B | $1.25B | $1.06B | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.2B | -$134M | $0 | $244M | $277M | |
| Operating expenses | $1.13B | $1.16B | $1.26B | $1.14B | $1.22B | $1.24B | $1.37B | $2.46B | $1.19B | $1.08B | $1.76B | $1.59B | |
| Operating income | $1.18B | $1.54B | $1.1B | $1.27B | $1.3B | $1.63B | $1.21B | -$123M | $1.28B | $1.79B | $1.14B | $1.31B | |
| Interest income | $56.9M | $55.9M | $82.1M | $91.7M | $83.9M | $55.9M | $88M | $102M | $102M | $63.8M | $109M | $134M | |
| Interest expense | $106M | $61.6M | $103M | $137M | $128M | $73.4M | $114M | $135M | $124M | $78.7M | $121M | $148M | |
| Other non-operating income (gains on investments, FX ...) | -$65.9M | -$63.2M | -$95M | -$101M | -$89.7M | -$62.3M | -$92.4M | -$1.57B | -$230M | $11.2M | $0 | -$288M | |
| Total non-operating income | -$40.1M | $1.6M | -$8.2M | -$35.8M | -$38.5M | -$11.1M | -$16.1M | $1.43B | $106M | -$3.7M | $120M | $140M | |
| Income before tax | $1.14B | $1.55B | $1.09B | $1.24B | $1.26B | $1.62B | $1.19B | $1.31B | $1.38B | $1.78B | $1.26B | $1.45B | |
| Income tax | $265M | $361M | $260M | $280M | $298M | $372M | $280M | $295M | $321M | $422M | $279M | $330M | |
| Net income | $878M | $1.18B | $829M | $956M | $963M | $1.25B | $911M | $1.01B | $1.06B | $1.36B | $979M | $1.13B | |
| EPS (basic) | $2.14 | $2.89 | $2.03 | $2.34 | $2.36 | $3.07 | $2.24 | $2.50 | $2.63 | $3.39 | $2.45 | $2.84 | |
| EPS (diluted) | $2.13 | $2.88 | $2.02 | $2.34 | $2.36 | $3.06 | $2.23 | $2.49 | $2.63 | $3.38 | $2.45 | $2.83 | |
| Shares (basic, weighted) | 411M | 411M | 409M | 408M | 408M | 407M | 406M | 405M | 404M | 401M | 399M | 397M | |
| Shares (diluted, weighted) | 413M | 412M | 411M | 410M | 409M | 409M | 408M | 407M | 405M | 402M | 399M | 398M | |
| Depreciation & amortization | $140M | $145M | $136M | $139M | $151M | $147M | $122M | $147M | $146M | $146M | $147M | $155M | |
| EBITDA | $1.39B | $1.75B | $1.33B | $1.51B | $1.54B | $1.84B | $1.42B | $1.59B | $1.65B | $1.92B | $1.29B | $1.76B |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.4B | $13.3B | $14.2B | $14.6B | $15B | $16.5B | $18B | $19.2B | $20.6B | $21.9B | |
| Cost of revenue | $6.73B | $7.28B | $7.55B | $7.88B | $8.03B | $8.77B | $9.21B | $9.61B | $10.1B | $11.4B | |
| Gross profit | $5.65B | $6.05B | $6.62B | $6.71B | $6.97B | $7.73B | $8.81B | $9.59B | $10.5B | $10.6B | |
| Research & development | $628M | $635M | $636M | $674M | $717M | $799M | $845M | $956M | $989M | $775M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.41B | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.31B | |
| Operating expenses | $3.23B | $3.47B | $3.62B | $3.56B | $3.65B | $3.93B | $4.3B | $4.65B | $5.04B | $6.5B | |
| Operating income | $2.42B | $2.58B | $3B | $3.14B | $3.32B | $3.8B | $4.51B | $4.94B | $5.41B | $4.08B | |
| Interest income | $76.7M | $83.5M | $97.6M | $84.5M | $36.5M | $41M | $150M | $241M | $320M | $376M | |
| Interest expense | $80M | $103M | $130M | $107M | $59.7M | $86.3M | $258M | $366M | $456M | $459M | |
| Other non-operating income (gains on investments, FX ...) | -$193M | $193M | -$131M | -$148M | -$96.3M | -$87.2M | -$189M | -$295M | -$344M | -$1.78B | |
| Total non-operating income | $113M | -$295M | $1M | $40.9M | $36.6M | $900K | -$68.6M | -$70.7M | -$102M | $1.65B | |
| Income before tax | $2.53B | $2.17B | $3.01B | $3.18B | $3.36B | $3.8B | $4.44B | $4.87B | $5.31B | $5.73B | |
| Income tax | $798M | $550M | $713M | $716M | $763M | $855M | $1.03B | $1.12B | $1.23B | $1.32B | |
| Net income | $1.73B | $1.62B | $2.29B | $2.47B | $2.6B | $2.95B | $3.41B | $3.75B | $4.08B | $4.41B | |
| EPS (basic) | $3.87 | $4.28 | $5.27 | $5.73 | $6.10 | $7.04 | $8.25 | $9.14 | $10.02 | $10.97 | |
| EPS (diluted) | $3.85 | $4.25 | $5.24 | $5.70 | $6.07 | $7.00 | $8.21 | $9.10 | $9.98 | $10.95 | |
| Shares (basic, weighted) | 448M | 441M | 435M | 431M | 426M | 419M | 414M | 411M | 407M | 399M | |
| Shares (diluted, weighted) | 450M | 443M | 438M | 433M | 428M | 421M | 416M | 412M | 409M | 399M | |
| Depreciation & amortization | $316M | $378M | $409M | $480M | $511M | $515M | $549M | $562M | $486M | $586M | |
| EBITDA | $2.93B | $2.76B | $3.54B | $3.77B | $3.93B | $4.41B | $5.24B | $5.8B | $6.24B | $6.45B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01