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NASDAQ NMS - GLOBAL MARKET · Professional Services · CIK 0000008670
$307.94
+4.56% · live
Updated
$122.50B market value
From AUTOMATIC DATA PROCESSING INC's FY2026 10-K, filed Aug 5, 2026 · read the filing
AUTOMATIC DATA PROCESSING makes and sells software and computing services. It took in $21.95B last year, which makes it a large company. Of every dollar it sells, about 20 cents is left as profit.
The financial picture is led by profitability, debt and accounting, with growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Strong finances across the board.
From AUTOMATIC DATA PROCESSING INC's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Long-term debt
$3.97B → $4.96B
Cash
$3.35B → $4.23B
Revenue
$20.56B → $21.95B
Gross profit
$9.46B → $10.19B
Measured against FY2025, from the 10-K filed Aug 5, 2026
Deteriorated: +24.9%
$3.97B to $4.96BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +26.4%
$3.35B to $4.23BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
How the latest move compares (quote live), and what was published around it
ADP rose 4.56% on the latest quote. The average Technology company tracked here moved −1.33%, and the S&P 500 −1.04%. That is 5.9 points above its sector and 5.6 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 23 analysts covering this company, as of . Their views, not this site's.
Of 23 analysts publishing on this company, 3 say strong buy, 5 say buy, 13 say hold, 1 say sell and 1 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 20 cents of every dollar of sales as profit, earning $4.41B last year.
Slowly. Sales grew 6.7% last year.
No. Its borrowings would take under a year of cash flow to clear. For every $1 it owes, it owns $1.11 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 60 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 48% of the cash its operations generated. It has paid in each of the last 12 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2026 annual filing
Last year it earned $4.41B and generated $5.44B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Aug 5, 2026Filing for FY2026 | FY202510-K · Aug 6, 2025Filing for FY2025 | FY202410-K · Aug 6, 2025Filing for FY2024 | FY202310-K · Aug 3, 2023Filing for FY2023 | FY202210-K · Aug 3, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $21.95B | $20.56B | $19.20B | $18.01B | $16.50B | +6.7% |
| Cost of revenue | $11.76B | $11.10B | $10.48B | $9.95B | $9.46B | +6.0% |
| Gross profit | $10.19B† | $9.46B† | $8.73B† | $8.06B† | $7.04B† | +7.6% |
| Gross marginGross profit ÷ revenueWhat is this? | 46.4% | 46.0% | 45.4% | 44.7% | 42.6% | +0.4 pts |
| Selling, general and administrative | $4.41B | $4.05B | $3.78B | $3.55B | $3.23B | +8.8% |
| Interest expense | $459.3M | $455.9M | $361.4M | $253.3M | $81.9M | +0.7% |
| Income before tax | $5.73B | $5.31B | $4.87B | $4.44B | $3.80B | +7.9% |
| Net income | $4.41B | $4.08B | $3.75B | $3.41B | $2.95B | +8.2% |
| Net marginNet income ÷ revenueWhat is this? | 20.1% | 19.8% | 19.5% | 18.9% | 17.9% | +0.3 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $11.09 | $10.07 | $9.19 | $8.28 | $7.09 | +10.2% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Was granted or awarded shares — 2,827 shares
Holds 2,827 shares after this filing.
Was granted or awarded shares — 2,073 shares
Holds 4,900 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Proxy statement for a shareholder meeting
Read the filingAnnual report for FY2026
Revenue +6.7% · Long-term debt +24.9% · Cash +26.4% — against FY2025
Read the filingWrite down why you are following AUTOMATIC DATA PROCESSING INC, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 47 subsidiaries named in its 10-K, incorporated across 17 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from ADP's 10-K for fiscal year 2026 (period ending 2026-06-30, filed Aug 5, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 9.0 | 7/9 | 10-K, filed Aug 5, 2026 |
| FY2025 | 9.0 | 8/9 | 10-K, filed Aug 6, 2025 |
| FY2024 | 9.0 | 8/9 | 10-K, filed Aug 7, 2024 |
| FY2023 | 9.0 | 7/9 | 10-K, filed Aug 3, 2023 |
| FY2022 | 9.0 | 7/9 | 10-K, filed Aug 3, 2022 |
| FY2021 | 9.0 | 7/9 | 10-K, filed Aug 4, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
7 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
2.42
In the grey zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.63
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +6.7%
$20.56B to $21.95BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +7.6%
$9.46B to $10.19BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +8.2%
$4.08B to $4.41BNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +10.2%
$10.07 to $11.09Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -1.9%
405.3M to 397.8MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: +9.5%
$2.40B to $2.63BNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
2 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 2.8% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 26.2x — investors pay $26.2 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
Sold on the open market — 631 shares at $282.87 ($178.5K)
Holds 18,824 shares after this filing.
Was granted or awarded shares — 903 shares
Holds 6,138 shares after this filing.
Had shares withheld to cover taxes — 406 shares at $283.49 ($115.2K)
Holds 5,731 shares after this filing.
Was granted or awarded shares — 2,858 shares
Holds 20,501 shares after this filing.
Had shares withheld to cover taxes — 2,709 shares at $283.49 ($768.0K)
Holds 17,792 shares after this filing.
Was granted or awarded shares — 2,683 shares
Holds 21,125 shares after this filing.
Had shares withheld to cover taxes — 2,281 shares at $283.49 ($646.8K)
Holds 18,843 shares after this filing.
Was granted or awarded shares — 1,163 shares
Holds 6,454 shares after this filing.
Had shares withheld to cover taxes — 154 shares at $283.49 ($43.7K)
Holds 296 shares after this filing.
Had shares withheld to cover taxes — 13,472 shares at $283.49 ($3.8M)
Holds 34,178 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 631 shares ($178.5K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 6,512 shares ($1.8M) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 1,529 shares ($432.7K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 29,810 shares ($8.4M) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 1,872 shares ($529.8K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 120 shares ($33.6K) on or after .
Shares originally obtained via ESPP Purchase.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Published results
Signed a material agreement · Took on a direct financial obligation
Read the filingSigned a material agreement · Reported another event
Read the filingQuarterly report for Q3 FY2026
Revenue +7.0% · Long-term debt +33.4% · Cash +20.4% — against Q3 FY2025
Read the filingPublished results
Read the filingQuarterly report for Q2 FY2026
Revenue +6.2% · Long-term debt +33.3% · Gross profit +7.1% — against Q2 FY2025
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +7.1% · Long-term debt +33.3% · Cash +17.7% — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Revenue +7.1% · Long-term debt +32.9% · Gross profit +8.5% — against FY2024
Read the filingPublished results
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingMade a Regulation FD disclosure
Read the filingSigned a material agreement · Reported another event
Read the filingQuarterly report for Q3 FY2025
Revenue +5.7% · Cash -18.6% · Gross profit +6.6% — against Q3 FY2024
Read the filingPublished results
Read the filingThe first 40 of 47. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-08-05. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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