Company file · ADP

Automatic Data Processing

Automatic Data Processing's revenue rose 6.7% in FY2026, to $21.9B, and net income rose 8.2% to $4.4B

Revenue rose 6.7% to $21.9B in FY2026, from $20.6B in FY2025. Net income rose 8.2% to $4.4B. Employer Services was the largest segment, at 68% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2026 (filed Aug 5, 2026) · Latest quarter: 10-Q for the quarter ended Sep 30, 2026 (filed Oct 30, 2026) · Data pulled Nov 11, 2026

Key facts

Automatic Data Processing (Nasdaq: ADP) reported revenue of $21.9B for fiscal 2026, the year ended Jun 30, 2026, up 6.7% from fiscal 2025. Net income was $4.4B, up 8.2%. In its latest 10-Q, for the quarter ended Sep 30, 2026, revenue was $5.5B, up 6.1% from the same quarter a year earlier, and net income was $1.1B. The largest piece by segment was Employer Services, at 68% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed Aug 5, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 30, 2026).

Revenue$21.9BFY2026 · +6.7% vs FY2025

Net income$4.4BFY2026 · +8.2% vs FY2025

Operating cash flow$5.4BFY2026 · +10.2% vs FY2025

Cash & equivalents$3.3Bat Sep 30, 2026 · −22.5% vs FY2026 end

Total debt$5.0Bat Sep 30, 2026 · +0.3% vs FY2026 end

Diluted shares403MFY2026 avg · −1.3% vs FY2025

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2026, filed Aug 5, 2026

Quarterly revenue: fiscal 2027 vs a year earlierFiscal Q1, $bn (each quarter from that quarter's 10-Q)

FY2026FY2027

Source: 10-Q filed Oct 30, 2026

How it makes money

By segment, FY2026

LineAmountSharevs FY2025
Employer Services$14.8B68%+6.8%
Professional Employee Organization Services$7.1B32%+6.5%

Source: 10-K FY2026, XBRL breakdown

By segment in FY2026: Employer Services (68%) and Professional Employee Organization Services (32%), as shares of total revenue. Total revenue was $21.9B.

By segment: three-year mixShare of the total each fiscal year

FY2024

68%32%

FY2025

67%33%

FY2026

68%32%

Employer ServicesProfessional Employee Organization Services

Source: 10-K FY2026

By product or service, FY2026

Revenues, Other Than Interest On Funds Held for Client$20.6B94%+6.3%

Interest On Funds Held for Clients$1.4B6%+13.9%

Share is of the FY2026 total; the last column is the change from FY2025.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q1 FY2027 (Jul to Sep 2026) compared with Q1 FY2026 (Jul to Sep 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q1 FY2027Q1 FY2026

Company

Revenue

$5.5B Q1 FY2027

$5.2B Q1 FY2026

6.1% increase

Net income

$1.1B Q1 FY2027

$1.0B Q1 FY2026

11.1% increase

Source: Automatic Data Processing 10-Q for the quarter ended Sep 30, 2026, filed Oct 30, 2026

By segment

Employer Services

$3.7B Q1 FY2027

$3.5B Q1 FY2026

5.6% increase

Professional Employee Organization Services

$1.8B Q1 FY2027

$1.7B Q1 FY2026

7.1% increase

Source: Automatic Data Processing 10-Q for the quarter ended Sep 30, 2026, filed Oct 30, 2026

Cash & equivalents $3.3B at Sep 30, 2026, vs $4.2B at FY2026 end.
Total debt $5.0B at Sep 30, 2026, vs $5.0B at FY2026 end.
Operating cash flow, first 3 months of fiscal 2027: $651M vs $642M a year earlier.

The bull case and the bear case

The bull case

Revenue rose 6.7% in FY2026 to $21.9B, from $20.6B a year earlier. 10-K, FY2026
Net income rose 8.2% in FY2026 to $4.4B, from $4.1B. 10-K, FY2026
Operating cash flow rose 10.2% in FY2026 to $5.4B. 10-K, FY2026
Diluted shares fell 1.3% in FY2026, so each share represents a larger slice of profit. 10-K, FY2026

The bear case

The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include economic cycles; costs and supply; trade and tariffs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Automatic Data Processing is in the human resource & employment services industry, part of the industrials sector. The SEC files it under Services-Computer Processing & Data Preparation.

Automatic Data Processing reports 2 segments: Employer Services and Professional Employee Organization Services.

Its fiscal year ends in June; the latest, FY2026, ended Jun 30, 2026.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the human resource & employment services industry. They are not a summary of Automatic Data Processing’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Economic cyclesDemand for equipment and services rises and falls with business investment.
Costs and supplyMaterial, labor and supplier problems can raise costs or delay delivery.
Trade and tariffsTariffs and trade policy affect costs and sales.
Contracts and backlogLarge projects and government contracts can be delayed, cut or repriced.
Regulation and liabilitySafety, environmental and product-liability rules can raise costs.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2024	FY2025	FY2026
Revenue	$19.2B	$20.6B	$21.9B
Net income	$3.8B	$4.1B	$4.4B
Operating cash flow	$4.2B	$4.9B	$5.4B
Cash & equivalents (year end)	$2.9B	$3.3B	$4.2B
Total debt (year end)	$3.0B	$8.7B	$5.0B
Diluted shares	412M	409M	403M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Commercial paper borrowings and debt due within one year plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Automatic Data Processing names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Jun 30, 2026.

Recent filings

Form	Filed	Period
10-Q	Oct 30, 2026	Sep 30, 2026
DEF 14A	Sep 24, 2026	Nov 11, 2026
10-K	Aug 5, 2026	Jun 30, 2026

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Automatic Data Processing

How does Automatic Data Processing make money?

Automatic Data Processing's revenue was $21.9B in fiscal 2026. By segment in FY2026: Employer Services (68%) and Professional Employee Organization Services (32%), as shares of total revenue. Total revenue was $21.9B. Source: 10-K for fiscal 2026, filed Aug 5, 2026.

What was Automatic Data Processing's revenue in fiscal 2026?

$21.9B of revenue for the fiscal year ended Jun 30, 2026, up 6.7% from $20.6B in fiscal 2025. Fiscal 2024 was $19.2B. Source: 10-K for fiscal 2026, filed Aug 5, 2026.

Is Automatic Data Processing profitable?

Automatic Data Processing reported net income of $4.4B for fiscal 2026, up 8.2% from $4.1B in fiscal 2025. That is a profit under US accounting rules (GAAP). In the quarter ended Sep 30, 2026, net income was $1.1B. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Aug 5, 2026.

What did Automatic Data Processing report in its latest quarterly filing?

Revenue was $5.5B in the quarter ended Sep 30, 2026, up 6.1% from $5.2B a year earlier. Net income was $1.1B, up 11.1% from $1.0B. Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 30, 2026.

How much cash and debt does Automatic Data Processing have?

Automatic Data Processing had $3.3B in cash and cash equivalents and $5.0B of total debt on Sep 30, 2026. Total debt here is commercial paper borrowings and debt due within one year plus long-term debt, at carrying value. Source: 10-Q filed Oct 30, 2026.

What are the main risks Automatic Data Processing faces?

Automatic Data Processing's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Aug 5, 2026. Risks that are common among companies in the human resource & employment services industry include Economic cycles; costs and supply; trade and tariffs; contracts and backlog; regulation and liability. The first: Demand for equipment and services rises and falls with business investment. Source: 10-K, Item 1A Risk Factors.

Where do these Automatic Data Processing numbers come from?

From Automatic Data Processing's own SEC filings: the 10-K for fiscal 2026 (filed Aug 5, 2026) and the 10-Q for the quarter ended Sep 30, 2026 (filed Oct 30, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Automatic Data Processing

Fundsmith: 2,601,567 shares, reported value $582.6M at Jun 30, 2026 (−32.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Two Sigma Investments: 720,106 shares, reported value $161.3M at Jun 30, 2026 (−43.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Citadel Advisors: 240,383 shares, reported value $53.8M at Jun 30, 2026 (−37.2% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Point72 Asset Management: 220,829 shares, reported value $49.5M at Jun 30, 2026 (+289.4% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Millennium Management: 196,527 shares, reported value $44.0M at Jun 30, 2026 (−71.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 106,960 shares, reported value $24.0M at Jun 30, 2026 (−83.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
Bridgewater Associates: 11,601 shares, reported value $2.6M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in ADP: The editor holds no position in Automatic Data Processing (ADP). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell ADP from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 9, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold ADP, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Automatic Data ProcessingADP	FY2026	$21.9B	+6.7%	$4.4B
PaychexPAYX	FY2026	$6.5B	+16.9%	$1.8B
CaterpillarCAT	FY2025	$67.6B	+4.3%	$8.9B
GE AerospaceGE	FY2025	$45.9B	+18.5%	$8.7B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.