Automatic Data Processing Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.95B | $20.56B | $19.20B | $18.01B | $16.50B | $15.01B | $14.59B | $14.18B |
| Employer Services | — | $13.88B | $12.98B | $12.04B | $10.97B | $10.20B | $10.09B | $9.94B |
| PEO Services | — | $6.69B | $6.23B | $5.98B | $5.55B | $4.82B | $4.51B | $4.24B |
| Other/Eliminations | — | $-12.6M | $-11.8M | $-14.6M | $-15.1M | $-8.1M | $-8.3M | $-10.3M |
| Cost of Revenue | $11.76B | $11.10B | $10.48B | $9.95B | $9.46B | $8.64B | $8.45B | $8.02B |
| Gross Profit | $10.19B | $9.46B | $8.73B | $8.06B | $7.04B | $6.37B | $6.14B | $6.15B |
| Gross Margin | 46.4% | 46.0% | 45.4% | 44.7% | 42.6% | 42.4% | 42.1% | 43.4% |
| Operating Expenses | ||||||||
| Research & Development | $1.03B | $988.6M | $955.7M | $844.8M | $798.6M | — | — | — |
| SG&A Expense | $4.41B | $4.05B | $3.78B | $3.55B | $3.23B | $3.04B | $3.00B | $3.06B |
| Operating Income | $6.19B | $5.77B | $5.23B | $4.69B | $3.89B | $3.42B | $3.29B | $3.14B |
| Operating Margin | 28.2% | 28.0% | 27.3% | 26.0% | 23.6% | 22.8% | 22.5% | 22.1% |
| Interest Expense | $459.3M | $455.9M | $361.4M | $253.3M | $81.9M | $59.7M | $107.1M | $129.9M |
| Pretax Income | $5.73B | $5.31B | $4.87B | $4.44B | $3.80B | $3.36B | $3.18B | $3.01B |
| Income Tax Expense | $1.32B | $1.23B | $1.12B | $1.03B | $855.2M | $762.7M | $716.1M | $712.8M |
| Net Income | $4.41B | $4.08B | $3.75B | $3.41B | $2.95B | $2.60B | $2.47B | $2.29B |
| Net Margin | 20.1% | 19.8% | 19.5% | 18.9% | 17.9% | 17.3% | 16.9% | 16.2% |
| EPS (Basic) | $10.97 | $10.02 | $9.14 | $8.25 | $7.04 | $6.10 | $5.73 | $5.27 |
| EPS (Diluted) | $10.94 | $9.98 | $9.10 | $8.21 | $7.00 | $6.07 | $5.70 | $5.24 |
| Shares Outstanding (Basic) | 402.3M | 407.1M | 410.6M | 413.7M | 418.8M | 426.3M | 430.8M | 435.0M |
| Shares Outstanding (Diluted) | 403.3M | 408.7M | 412.2M | 415.7M | 421.1M | 428.1M | 432.7M | 437.6M |
| Dividends Per Share | $6.64 | $6.02 | $5.45 | $4.79 | $4.05 | $3.70 | $3.52 | $3.06 |