financial statements

The full income statement, balance sheet, and cash-flow statement for Automatic Data Processing Inc. (ADP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofJun 30 ’25	as ofJun 30 ’24	as ofJun 30 ’23	as ofJun 30 ’22	as ofJun 30 ’21
Revenue	20.6B YoY+7.1%	19.2B YoY+6.6%	18.0B YoY+9.2%	16.5B YoY+9.9%	15.0B YoY+2.8%
Cost of revenue	11.1B YoY+5.9%	10.5B YoY+5.3%	9.95B YoY+5.2%	9.46B YoY+9.5%	8.64B YoY+2.3%
Research & development	989M YoY+3.4%	956M YoY+13.1%	845M YoY+5.8%	799M	—
Selling, general & administrative	4.05B YoY+7.2%	3.78B YoY+6.4%	3.55B YoY+9.8%	3.23B YoY+6.3%	3.04B YoY+1.2%
Amortization of intangibles	381M YoY+2.4%	372M YoY-0.3%	373M YoY+8.3%	344M YoY+5.1%	327M YoY+14.0%
Provision for credit losses	53.2M YoY-2.6%	54.6M YoY+24.1%	44.0M YoY+1471.4%	2.80M	—
Interest expense	456M YoY+26.1%	361M YoY+42.7%	253M YoY+209.3%	81.9M YoY+37.2%	59.7M YoY-44.3%
Interest & investment income	320M YoY+32.4%	241M YoY+61.4%	150M YoY+264.6%	41.0M YoY+12.3%	36.5M YoY-56.8%
Other non-operating income	354M YoY+23.5%	287M YoY+56.2%	184M YoY+121.6%	82.8M YoY-14.0%	96.3M YoY-34.9%
Pre-tax income	5.31B YoY+9.0%	4.87B YoY+9.8%	4.44B YoY+16.7%	3.80B YoY+13.2%	3.36B YoY+5.6%
Income tax	1.23B YoY+9.8%	1.12B YoY+9.2%	1.03B YoY+19.9%	855M YoY+12.1%	763M YoY+6.5%
Net income	4.08B YoY+8.7%	3.75B YoY+10.0%	3.41B YoY+15.7%	2.95B YoY+13.5%	2.60B YoY+5.4%
	$9.98 YoY+9.7%	$9.10 YoY+10.8%	$8.21 YoY+17.3%	$7.00 YoY+15.3%	$6.07 YoY+6.5%
EPS (basic)	$10.02 YoY+9.6%	$9.14 YoY+10.8%	$8.25 YoY+17.2%	$7.04 YoY+15.4%	$6.10 YoY+6.5%
Weighted-avg shares (basic)	407M YoY-0.9%	411M YoY-0.7%	414M YoY-1.2%	419M YoY-1.8%	426M YoY-1.0%
Weighted-avg shares (diluted)	409M YoY-0.8%	412M YoY-0.8%	416M YoY-1.3%	421M YoY-1.6%	428M YoY-1.1%
Dividends per share	$6.02 YoY+10.5%	$5.45 YoY+13.8%	$4.79 YoY+18.3%	$4.05 YoY+9.5%	$3.70 YoY+5.1%
Balance Sheet	as ofJun 30 ’25	as ofJun 30 ’24	as ofJun 30 ’23	as ofJun 30 ’22	as ofJun 30 ’21
	43.3B YoY-5.0%	45.5B YoY+8.0%	42.2B YoY-23.1%	54.8B YoY+34.5%	40.7B YoY+29.1%
Cash & equivalents	3.35B YoY+14.9%	2.91B YoY+39.8%	2.08B YoY+45.1%	1.44B YoY-44.2%	2.58B YoY+34.9%
Short-term investments	4.50B YoY+1071.6%	384M YoY+2512.2%	14.7M YoY-68.7%	47.0M YoY+351.9%	10.4M
Accounts receivable	3.58B YoY+4.4%	3.43B YoY+13.9%	3.01B YoY-5.1%	3.17B YoY+16.2%	2.73B YoY+11.7%
Other current assets	841M YoY+2.4%	821M YoY+10.3%	744M YoY+18.3%	629M YoY+17.9%	533M YoY+5.4%
	53.4B YoY-1.8%	54.4B YoY+6.7%	51.0B YoY-19.2%	63.1B YoY+29.3%	48.8B YoY+24.5%
Property, plant & equipment	655M YoY-4.4%	686M YoY+0.6%	681M YoY+4.4%	653M YoY-4.7%	685M YoY-2.8%
Operating lease right-of-use	374M YoY+0.9%	371M YoY-7.9%	402M YoY-10.8%	451M YoY-2.4%	462M YoY-6.4%
Goodwill	3.27B YoY+39.1%	2.35B YoY+0.6%	2.34B YoY+1.7%	2.30B YoY-1.6%	2.34B YoY+1.3%
Intangible assets	1.60B YoY+20.0%	1.34B YoY-0.6%	1.34B YoY+0.8%	1.33B YoY+0.0%	1.33B YoY+9.6%
Long-term investments	0.00	0.00 YoY-100.0%	105M YoY-14.3%	122M YoY+419.6%	23.5M YoY+72.8%
Deferred tax assets	64.0M YoY+0.0%	64.0M YoY+0.0%	64.0M YoY+0.0%	64.0M YoY+0.0%	64.0M YoY+0.0%
Other non-current assets	1.06B YoY-4.1%	1.10B YoY-12.2%	1.26B YoY+33.9%	937M YoY+13.5%	826M YoY+80.1%
	41.3B YoY-8.4%	45.1B YoY+5.4%	42.8B YoY-22.5%	55.2B YoY+44.8%	38.1B YoY+26.4%
Accounts payable	169M YoY+68.1%	101M YoY+3.9%	96.8M YoY-12.2%	110M YoY-21.9%	141M YoY+38.3%
Accrued liabilities	3.09B YoY-7.7%	3.35B YoY+43.0%	2.34B YoY+11.1%	2.11B YoY+7.4%	1.96B YoY-0.9%
Deferred revenue	263M YoY+31.5%	200M YoY+5.9%	189M YoY+0.2%	188M YoY-7.7%	204M YoY-4.0%
Short-term & current debt	1.00M YoY-9.1%	1.10M YoY-8.3%	1.20M YoY+0.0%	1.20M YoY+0.0%	1.20M YoY-99.9%
Current lease liability	101M YoY+9.3%	92.2M YoY-3.5%	95.5M YoY+0.4%	95.1M YoY+0.4%	94.7M YoY-0.8%
	47.2B YoY-5.3%	49.8B YoY+5.0%	47.5B YoY-20.7%	59.8B YoY+38.8%	43.1B YoY+29.0%
Long-term debt	3.97B YoY+32.9%	2.99B YoY+0.1%	2.99B YoY+0.1%	2.99B YoY+0.1%	2.98B YoY+197.7%
Deferred revenue (non-current)	385M YoY+7.0%	360M YoY+3.4%	348M YoY+3.9%	335M YoY-7.6%	362M YoY-2.2%
Non-current lease liability	321M YoY-2.3%	329M YoY-6.1%	350M YoY-5.7%	371M YoY+8.1%	343M YoY-0.3%
Deferred tax liabilities	164M YoY+154.4%	64.3M YoY-12.6%	73.6M YoY+9.9%	67.0M YoY-86.1%	483M YoY-34.0%
Other non-current liabilities	1.06B YoY+6.8%	991M YoY+6.1%	934M YoY+1.0%	924M YoY+10.8%	834M YoY-0.3%
	6.19B YoY+36.1%	4.55B YoY+29.6%	3.51B YoY+8.8%	3.23B YoY-43.1%	5.67B YoY-1.4%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	63.9M YoY+0.0%	63.9M YoY+0.0%	63.9M YoY+0.0%	63.9M YoY+0.0%	63.9M YoY+0.0%
Additional paid-in capital	2.79B YoY+15.8%	2.41B YoY+14.5%	2.10B YoY+17.2%	1.79B YoY+17.2%	1.53B YoY+14.8%
Retained earnings	25.2B YoY+6.9%	23.6B YoY+6.8%	22.1B YoY+6.9%	20.7B YoY+6.4%	19.5B YoY+5.5%
Treasury stock	21.0B YoY+6.5%	19.7B YoY+6.9%	18.5B YoY+6.5%	17.3B YoY+12.7%	15.4B YoY+9.4%
Accumulated other comprehensive income	-883M YoY+51.1%	-1.81B YoY+21.6%	-2.31B YoY-15.7%	-1.99B YoY-18908.5%	10.6M YoY+171.6%
Total equity incl. non-controlling	5.81B YoY+0.0%	5.81B YoY+0.0%	5.81B YoY+0.0%	5.81B YoY+0.0%	5.81B YoY+1.0%
Total liabilities & equity	53.4B YoY-1.8%	54.4B YoY+6.7%	51.0B YoY-19.2%	63.1B YoY+29.3%	48.8B YoY+24.5%
Common shares issued	639M YoY+0.0%	639M YoY+0.0%	639M YoY+0.0%	639M YoY+0.0%	639M YoY+0.0%
Common shares outstanding	405M YoY-0.7%	408M YoY-1.0%	412M YoY-1.0%	416M YoY-1.8%	424M YoY-1.4%
Shares outstanding (cover)	406M YoY-0.8%	409M YoY-0.9%	413M YoY-1.1%	418M YoY-1.8%	426M YoY-1.0%
Cash Flow	as ofJun 30 ’25	as ofJun 30 ’24	as ofJun 30 ’23	as ofJun 30 ’22	as ofJun 30 ’21
	4.94B YoY+18.8%	4.16B YoY-1.2%	4.21B YoY+35.8%	3.10B YoY+0.2%	3.09B YoY+2.2%
Depreciation & amortization	582M YoY+3.6%	562M YoY+2.3%	549M YoY+6.6%	515M YoY+0.9%	511M YoY+6.4%
Share-based compensation	266M YoY+9.3%	244M YoY+10.5%	220M YoY+9.3%	202M YoY+15.1%	175M YoY+34.0%
Deferred income taxes	37.0M YoY+198.9%	-37.4M YoY+53.3%	-80.1M YoY-318.9%	36.6M YoY+114.6%	-251M YoY-1065.8%
	-3.04B YoY-118.5%	-1.39B YoY+44.8%	-2.52B YoY+64.1%	-7.01B YoY-99.6%	-3.52B YoY-211.4%
Acquisitions	1.17B YoY+3367.6%	33.6M YoY+3.7%	32.4M YoY+176.9%	11.7M	0.00
Proceeds from sale of PP&E	10.8M YoY-61.8%	28.3M	0.00 YoY-100.0%	34.2M YoY+81.9%	18.8M YoY-36.1%
Other investing activities	14.9M YoY-39.2%	24.5M	0.00	0.00	—
	-6.97B YoY-387.1%	-1.43B YoY+90.9%	-15.7B YoY-214.8%	13.7B YoY+112.1%	6.44B YoY+209.3%
Long-term debt issued	1.98B	0.00	0.00	0.00 YoY-100.0%	1.98B
Long-term debt repaid	1.00B YoY+111144.4%	900K YoY-10.0%	1.00M YoY+11.1%	900K YoY-99.9%	1.00B YoY+45436.4%
Common stock repurchased	1.28B YoY+4.0%	1.23B YoY+9.8%	1.12B YoY-43.1%	1.97B YoY+43.5%	1.37B YoY+36.4%
Dividends paid	2.40B YoY+9.9%	2.18B YoY+14.7%	1.90B YoY+14.7%	1.66B YoY+5.3%	1.58B YoY+7.1%
Other financing activities	—	—	—	—	0.00
FX effect on cash	37.3M YoY+266.5%	-22.4M YoY-6.2%	-21.1M YoY+78.6%	-98.7M YoY-233.7%	73.8M YoY+313.9%
Net change in cash	-5.03B YoY-482.8%	1.31B YoY+109.4%	-14.0B YoY-245.4%	9.64B YoY+58.3%	6.09B YoY+2265.8%
Interest paid	427M YoY+20.6%	354M YoY+43.6%	247M YoY+229.5%	74.8M YoY+40.9%	53.1M YoY-49.3%
Income taxes paid	1.20B YoY+1.1%	1.19B YoY+9.7%	1.08B YoY+26.1%	857M YoY-12.0%	974M YoY+43.8%
Valuation Ratios	as ofJun 30 ’25	as ofJun 30 ’24	as ofJun 30 ’23	as ofJun 30 ’22	as ofJun 30 ’21
Market cap	125B YoY+28.1%	97.7B YoY+7.6%	90.8B YoY+3.5%	87.7B YoY+3.8%	84.5B YoY+32.1%
P/E	30.7× YoY+15.8%	26.5× YoY-0.4%	26.6× YoY-10.6%	29.8× YoY-8.5%	32.5× YoY+25.4%
P/S	6.1× YoY+17.4%	5.2× YoY+2.8%	5.0× YoY-5.2%	5.3× YoY-5.6%	5.6× YoY+28.4%
P/B	20.2× YoY-4.5%	21.2× YoY-18.1%	25.9× YoY-4.9%	27.2× YoY+82.5%	14.9× YoY+34.0%
P/FCF	25.3× YoY+4.5%	24.3× YoY+12.4%	21.6× YoY-23.8%	28.3× YoY+3.6%	27.3× YoY+29.2%
Earnings yield	3.3% YoY-13.6%	3.8% YoY+0.4%	3.8% YoY+11.8%	3.4% YoY+9.3%	3.1% YoY-20.2%
FCF yield	3.9% YoY-4.3%	4.1% YoY-11.0%	4.6% YoY+31.2%	3.5% YoY-3.5%	3.7% YoY-22.6%
Dividend yield	2.0% YoY-14.5%	2.3% YoY+4.8%	2.2% YoY+13.0%	1.9% YoY+3.5%	1.9% YoY-21.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ADP's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ADP filings on SEC EDGAR → Not investment advice.

ADP▼ financial statements

About this data

financial statements