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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. ADP Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Automatic Data Processing (ADP)

Market Price (9/14/2025): $293.56 | Market Cap: $119.2 Bil
Sector: Industrials | Industry: Human Resource & Employment Services

Automatic Data Processing (ADP)

Market Price (9/14/2025): $293.56
Market Cap: $119.2 Bil
Sector: Industrials
Industry: Human Resource & Employment Services

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4%, Dividend Yield is 2.0%		 Weak multi-year price returns
2Y Excs Rtn is -25%, 3Y Excs Rtn is -35%		 
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26%		  
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%, CFO LTM is 4.9 Bil, FCF LTM is 4.4 Bil		  
3 Low stock price volatility
Vol 12M is 19%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4%, Dividend Yield is 2.0%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%, CFO LTM is 4.9 Bil, FCF LTM is 4.4 Bil
3 Low stock price volatility
Vol 12M is 19%
4 Weak multi-year price returns
2Y Excs Rtn is -25%, 3Y Excs Rtn is -35%

Market Valuation

 9/14/25202420232022
Share Price CYE$293.56$288.23$224.46$225.02
Market Cap CYE ($ Bil)119.2117.592.393.2
Total Debt ($ Bil)9.19.13.33.3
Total Cash ($ Bil)7.87.83.32.1
Enterprise Value ($ Bil)120.4126.695.696.5
Valuation Ratios    
P/S TTM5.85.85.05.5
P/EBIT TTM20.720.718.321.1
P/E TTM29.229.225.529.0
Sector Ratios    
P/S TTM (Sector)1.61.41.41.1
P/EBIT TTM (Sector)11.410.210.08.3
P/E TTM (Sector)16.613.714.011.2
 9/14/252024
Share Price CYE$293.56$288.23
Market Cap CYE ($ Bil)119.2117.5
Total Debt ($ Bil)9.19.1
Total Cash ($ Bil)7.87.8
Enterprise Value ($ Bil)120.4126.6
Valuation Ratios  
P/S TTM5.85.8
P/EBIT TTM20.720.7
P/E TTM29.229.2
Sector Ratios  
P/S TTM (Sector)1.61.4
P/EBIT TTM (Sector)11.410.2
P/E TTM (Sector)16.613.7

Market Cap Chart

Business Description

Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
ADP Return6%43%-1%-0%28%2%94%
Peers Return32%24%-21%19%11%2%74%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: WDAY, PAYX, BR, ADP, PAYC. See ADP Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Interactive Breakdown

Automatic Data Processing Interactive Breakdown Analysis

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Automatic Data Processing Earnings Notes  
2Automatic Data Processing vs Alphabet: Which Is A Better Investment?Counter-Intuitive Comparisons 
3Automatic Data Processing vs TransDigm: Which Is A Better Investment?Counter-Intuitive Comparisons 
4ADP At Support Zone: Bargain or Bear Trap?Actionable 
5How Does ADP Stack Up Against Its Peers?Peer Comparison 
6Better Bet Than ADP Stock: Pay Less Than Automatic Data Processing To Get More From GOOGL, META   
7Better Bet Than ADP Stock: Pay Less Than Automatic Data Processing To Get More From RTX, ETN   
8Why Automatic Data Processing Stock Moved: ADP Stock Has Gained 31% Since 2023 Fiscal End, Primarily Due To Favorable Change In Revenues  
9ADP Dip Buy Analysis  
10Automatic Data Processing vs. Steris: ADP stock's similar valuation vs. STE appears counterintuitiveCounter-Intuitive Comparisons 
11ARTICLES  
12ADP Near Crucial Support Level – Buy Signal Ahead August 16th, 2025
13What To Expect From ADP’s Q1 Results? October 28th, 2024
14What To Expect From ADP’s Q4 Earnings? July 23rd, 2024
15Will ADP’s Strong Gains Of Recent Years Continue? October 17th, 2023
16What To Expect From ADP’s Q4 Results? July 19th, 2023
Title
0DASHBOARDS
1ADP Near Crucial Support Level – Buy Signal Ahead
2What To Expect From ADP’s Q1 Results?
3What To Expect From ADP’s Q4 Earnings?
4Will ADP’s Strong Gains Of Recent Years Continue?
5What To Expect From ADP’s Q4 Results?
6ARTICLES
7Automatic Data Processing Earnings Notes
8Automatic Data Processing vs Alphabet: Which Is A Better Investment?
9Automatic Data Processing vs TransDigm: Which Is A Better Investment?
10ADP At Support Zone: Bargain or Bear Trap?
11How Does ADP Stack Up Against Its Peers?
12Better Bet Than ADP Stock: Pay Less Than Automatic Data Processing To Get More From GOOGL, META 
13Better Bet Than ADP Stock: Pay Less Than Automatic Data Processing To Get More From RTX, ETN 
14Why Automatic Data Processing Stock Moved: ADP Stock Has Gained 31% Since 2023 Fiscal End, Primarily Due To Favorable Change In Revenues
15ADP Dip Buy Analysis
16Automatic Data Processing vs. Steris: ADP stock's similar valuation vs. STE appears counterintuitive

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1OCTOEightco900.0%562.1%
2QMMMQMMM875.3%5698.4%
3WLDSWearable Devices780.4%8.0%
4CWDCaliberCos268.8%-45.1%
5AIREReAlpha Tech257.5%-49.8%
6PTNMPitanium154.0% 
7OPIOffice Properties Income Trust144.0%-42.6%
8HYPDHyperion DeFi144.0% 
9ISPCiSpecimen128.4%-26.6%
10EDHLEverbright Digital127.6% 

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1DGNXDiginex-85.6% 
2LGCLLucas GC-69.1%-76.6%
3YYGHYY-68.7%-76.6%
4BINIBollinger Innovations-61.6%-100.0%
5IPDNProfessional Diversity Network-54.5%-41.4%
6INHDInno-53.4%-4.4%
7CDTCDT Equity-49.2%-99.4%
8NFENew Fortress Energy-46.5%-91.3%
9TGHLGrowhub-44.8% 
10SLXNSilexion Therapeutics-43.1%-86.5%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1PMIPicard Medical11249.2%11249.2%
2GIBOGIBO7400.0% 
3LNZALanzaTech Global4710.5%-85.8%
4CHSNChanson International3717.0%-99.3%
5QMMMQMMM2669.4%5698.4%
6VTAKCatheter Precision1332.7%-71.4%
7CURXCuranex Pharmaceuticals1309.0%1309.0%
8OCTOEightco811.9%562.1%
9WLDSWearable Devices708.6%8.0%
10PTNMPitanium423.7% 

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1BINIBollinger Innovations-93.4%-100.0%
2ETSElite Express-92.8%-92.8%
3CJETChijet Motor-92.7%-94.6%
4ELPWElong Power-91.7%-75.8%
5STFSStar Fashion Culture-91.4%-97.8%
6JEM707 Cayman-90.4%-98.0%
7FLYEFly-E-90.4%-82.8%
8NXTTNext Technology-89.3%-93.8%
9NUTRNusaTrip-87.2%-87.2%
10CUPRCuprina-84.3% 

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1OCTOEightco900.0%562.1%
2QMMMQMMM875.3%5698.4%
3WLDSWearable Devices780.4%8.0%
4CWDCaliberCos268.8%-45.1%
5AIREReAlpha Tech257.5%-49.8%
6PTNMPitanium154.0% 
7OPIOffice Properties Income Trust144.0%-42.6%
8HYPDHyperion DeFi144.0% 
9ISPCiSpecimen128.4%-26.6%
10EDHLEverbright Digital127.6% 

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1DGNXDiginex-85.6% 
2LGCLLucas GC-69.1%-76.6%
3YYGHYY-68.7%-76.6%
4BINIBollinger Innovations-61.6%-100.0%
5IPDNProfessional Diversity Network-54.5%-41.4%
6INHDInno-53.4%-4.4%
7CDTCDT Equity-49.2%-99.4%
8NFENew Fortress Energy-46.5%-91.3%
9TGHLGrowhub-44.8% 
10SLXNSilexion Therapeutics-43.1%-86.5%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Automatic Data Processing

Financials

ADPWDAYPAYXBRPAYCMedian
NameAutomati.Workday Paychex Broadrid.Paycom S. 
Mkt Price293.56223.20135.15252.01221.02223.20
Mkt Cap119.259.548.729.512.448.7
Rev LTM20,5618,9595,5726,8891,9606,889
Op Inc LTM5,4127782,2081,1895511,189
FCF LTM4,3932,3921,7091,0563551,709
FCF 3Y Avg3,8742,0231,6709163191,670
CFO LTM4,9402,5911,9011,1715581,901
CFO 3Y Avg4,4352,2621,8351,0175071,835

Growth & Margins

ADPWDAYPAYXBRPAYCMedian
NameAutomati.Workday Paychex Broadrid.Paycom S. 
Rev Chg LTM7.1%13.9%5.6%5.9%10.2%7.1%
Rev Chg 3Y Avg7.6%16.5%6.5%6.5%17.6%7.6%
Rev Chg Q7.5%12.6%10.2%6.2%10.5%10.2%
QoQ Delta Rev Chg LTM1.8%3.0%2.4%1.8%2.4%2.4%
Op Mgn LTM26.3%8.7%39.6%17.3%28.1%26.3%
Op Mgn 3Y Avg25.7%4.1%40.5%16.1%29.5%25.7%
QoQ Delta Op Mgn LTM0.1%1.3%-1.9%0.5%0.2%0.2%
CFO/Rev LTM24.0%28.9%34.1%17.0%28.5%28.5%
CFO/Rev 3Y Avg23.0%28.7%34.7%15.6%28.7%28.7%
FCF/Rev LTM21.4%26.7%30.7%15.3%18.1%21.4%
FCF/Rev 3Y Avg20.1%25.6%31.6%14.1%18.1%20.1%

Valuation

ADPWDAYPAYXBRPAYCMedian
NameAutomati.Workday Paychex Broadrid.Paycom S. 
Mkt Cap119.259.548.729.512.448.7
P/S5.86.68.74.36.36.3
P/EBIT20.768.521.424.721.721.7
P/E29.2102.129.435.229.829.8
P/CFO24.123.025.625.222.224.1
Total Yield5.4%1.0%6.4%4.2%4.0%4.2%
Dividend Yield2.0%0.0%3.0%1.4%0.7%1.4%
FCF Yield 3Y Avg3.7%3.3%3.7%3.9%2.7%3.7%
D/E0.10.10.10.10.00.1
Net D/E0.0-0.10.10.1-0.00.0

Returns

ADPWDAYPAYXBRPAYCMedian
NameAutomati.Workday Paychex Broadrid.Paycom S. 
1M Rtn-2.2%-1.2%-2.3%-2.9%2.7%-2.2%
3M Rtn-3.8%-8.6%-11.2%6.7%-9.0%-8.6%
6M Rtn1.6%-8.5%-5.7%11.5%7.4%1.6%
12M Rtn8.0%-10.7%2.8%20.7%32.3%8.0%
3Y Rtn35.7%44.7%24.0%62.1%-35.5%35.7%
1M Excs Rtn-5.1%-1.7%-4.3%-5.1%-1.1%-4.3%
3M Excs Rtn-13.2%-19.8%-20.2%-3.4%-20.0%-19.8%
6M Excs Rtn-16.7%-25.1%-23.7%-6.7%-9.1%-16.7%
12M Excs Rtn-12.0%-32.4%-16.2%0.2%13.9%-12.0%
3Y Excs Rtn-35.4%-30.7%-46.3%-8.4%-101.8%-35.4%

Comparison Analyses

Title
0How Does ADP Stack Up Against Its Peers?
1ADP Could Deliver 18% Returns And Outperform BR
2PAYX Could Deliver 21% Returns And Outperform ADP
3Automatic Data Processing vs. FleetCor Technologies: With Return Forecast Of 46%, FleetCor Technologies Is A Better Bet
4WDAY Could Deliver 47% Returns And Outperform ADP
5Automatic Data Processing vs. Stryker: With Return Forecast Of 20%, Stryker Is A Better Bet
6Automatic Data Processing vs. Regeneron Pharmaceuticals: With Return Forecast Of 31%, Regeneron Pharmaceuticals Is A Better Bet
7Automatic Data Processing vs. NextEra Energy: With Return Forecast Of 25%, NextEra Energy Is A Better Bet
8Automatic Data Processing vs. Advanced Micro Devices: With Return Forecast Of 121%, Advanced Micro Devices Is A Better Bet
9Automatic Data Processing vs. Estee Lauder: With Return Forecast Of 17%, Estee Lauder Is A Better Bet

Financials

$ Mil | FY: 6/302025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/6/20255/1/20251/30/202511/1/20248/7/20245/2/20242/1/202411/2/20238/3/20235/1/20232/2/202311/2/2022
Key Financials Quarterly            
Total Revenue5,1275,5535,0484,8334,7685,2544,6684,5124,4784,9284,3914,216
Ebitda1,4501,8441,5421,5131,3271,7541,3891,3261,2531,5391,2521,196
Operating Income1,2071,6331,3001,2721,1021,5451,1841,1171,0351,3661,0851,022
Net Income9111,2509639568291,1858788597771,043813779
EPS2.243.072.362.342.032.892.142.091.882.521.961.88
Key Financials TTM            
Total Revenue TTM20,56120,20319,90319,52319,20318,91218,58618,30918,01217,66217,24716,882
Ebitda TTM6,3486,2266,1355,9825,7965,7215,5075,3705,2404,9484,7464,549
Operating Income TTM5,4125,3075,2185,1024,9474,8814,7024,6034,5084,3004,1173,934
Net Income TTM4,0803,9983,9343,8493,7523,6993,5583,4923,4123,2613,1463,027
Growth Rates Quarterly            
Total Revenue Growth7.5%5.7%8.1%7.1%6.5%6.6%6.3%7.0%8.5%9.2%9.1%10.0%
EBITDA Growth9.3%5.1%11.0%14.1%5.9%13.9%10.9%10.8%30.4%15.1%18.7%14.1%
Operating Income Growth9.5%5.7%9.8%13.9%6.4%13.1%9.2%9.3%25.1%15.4%20.3%14.7%
Net Income Growth9.8%5.5%9.7%11.3%6.8%13.6%8.0%10.3%24.2%12.3%17.1%11.2%
Margins Quarterly            
EBITDA Margin28.3%33.2%30.5%31.3%27.8%33.4%29.8%29.4%28.0%31.2%28.5%28.4%
Operating Income Margin23.5%29.4%25.7%26.3%23.1%29.4%25.4%24.7%23.1%27.7%24.7%24.2%
Net Income Margin17.8%22.5%19.1%19.8%17.4%22.6%18.8%19.0%17.3%21.2%18.5%18.5%
Cash & Debt            
Total Cash7,8472,6812,2167,3473,2973,2921,6411,4412,0841,8281,3451,208
Total Debt9,0654,2664,2838,6733,3203,3003,3173,3243,3393,3213,3223,336
Net Debt / (Cash)1,2191,5862,0661,3262281,6761,8831,2551,4921,9772,128
Cash Flows Quarterly            
FCF from Operations1,4391,5261,1508241,3011,4981,0323261,1861,404900718
Cash Flows TTM            
FCF from Operations TTM4,9404,8014,7734,6564,1584,0433,9493,8164,2083,9353,5023,696
Returns to Shareholders Quarterly            
Dividends626628572573575576516516518521433433
Share Repurchases324312272373436292255250304264220333
Return on Invested Capital (ROIC) Quarterly            
ROIC302.9%317.3%192.1%296.9%14909.6%58453.0%217.0%186.6%254.8%280.0%168.6%148.1%
Return on Invested Capital (ROIC) TTM            
ROIC TTM341.1%256.9%193.5%295.3%16931.2%46550.0%216.7%188.9%276.1%221.8%161.3%143.0%

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Employer Services12,98112,04310,96810,19510,087
Professional Employer Organization (PEO) Services6,2345,9845,5464,8184,512
Intercompany eliminations-12-15-15-8-8
Total19,20318,01216,49815,00514,590


Price Behavior

ADP Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.760.750.730.610.600.69
Up Beta0.400.180.970.620.630.75
Down Beta1.961.781.350.590.580.72
Up Capture35%47%13%47%48%29%
Bmk +ve Days10223571142415
Stock +ve Days11223367132398
Down Capture87%110%91%73%67%87%
Bmk -ve Days11192754106334
Stock -ve Days10192958116351

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity6,377,916
Short Interest: % Change Since 81520253.2%
Average Daily Volume1,369,912
Days-to-Cover Short Interest4.66
Basic Shares Quantity405,900,000
Short % of Basic Shares1.6%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/20250.7%-3.0%-1.8%
4/30/20251.6%2.6%9.6%
1/29/20250.8%2.1%4.4%
10/30/20241.7%1.1%6.6%
7/31/20241.9%0.7%5.8%
5/1/20242.2%1.3%-0.4%
1/31/20243.0%5.1%5.3%
10/25/2023-9.2%-9.2%-3.9%
...
SUMMARY STATS   
# Positive151515
# Negative999
Median Positive1.9%2.5%5.8%
Median Negative-4.7%-3.6%-3.9%
Max Positive7.4%14.0%19.2%
Max Negative-9.2%-9.2%-11.6%

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Michaud Brian L.Corp VP4022025Sell305.381,500458,0703,686,768Form
1Lehberger Jonathan SCorp. VP2042025Sell303.302,324704,869928,911Form
2Black MariaPresident & CEO1062025Sell290.9020258,76320,181,617Form
3Kwon DavidCorp VP9182024Sell280.0010028,0002,861,062Form
4Bonarti Michael ACorporate Vice President9112024Sell269.703,8521,038,88421,679,455Form

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