Automatic Data Processing, Inc. (ADP) Income Statement
ADP FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsADP revenue and net income
Where ADP's revenue goes
FY2026Each bar shows an amount and its share of revenue. ADP kept 20.1% of revenue as net income.
ADP profit margins
ADP growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.7% | +6.8% | +7.9% | +6.5% |
| Gross profit | +1.2% | +6.3% | +8.7% | +7.0% |
| Operating income | −24.6% | −3.3% | +4.2% | +6.1% |
| Net income | +8.2% | +9.0% | +11.2% | +11.5% |
| EPS (diluted) | +11.2% | +10.6% | +13.1% | +13.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ADP quarterly EPS vs estimates
ADP beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $2.78).
ADP income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.95B | $20.56B | $19.20B | $18.01B | $16.50B | $15.01B | $14.59B | $14.18B | $13.33B | $12.38B |
| Cost of revenue | $11.37B | $10.11B | $9.61B | $9.21B | $8.77B | $8.03B | $7.88B | $7.55B | $7.28B | $6.73B |
| Gross profit | $10.58B | $10.45B | $9.59B | $8.81B | $7.73B | $6.97B | $6.71B | $6.62B | $6.05B | $5.65B |
| Research & development | $774.9M | $988.6M | $955.7M | $844.8M | $798.6M | $716.6M | $674.1M | $636.3M | $635.4M | $627.5M |
| Sales, general & admin | $4.41B | $4.05B | $3.74B | $3.50B | $3.17B | $3.04B | $3.00B | $3.06B | $2.97B | $2.78B |
| Total operating expenses | $6.50B | $5.04B | $4.65B | $4.30B | $3.93B | $3.65B | $3.56B | $3.62B | $3.47B | $3.23B |
| Operating income | $4.08B | $5.41B | $4.94B | $4.51B | $3.80B | $3.32B | $3.14B | $3.00B | $2.58B | $2.42B |
| Interest income | $371.0M | $319.5M | $241.3M | $962.9M | $492.8M | $36.5M | $84.5M | $97.6M | $83.5M | $76.7M |
| Interest expense | $459.2M | $455.9M | $365.8M | $257.7M | $86.3M | $59.7M | $107.1M | $129.9M | $102.7M | $80.0M |
| Income before taxes | $5.73B | $5.31B | $4.87B | $4.44B | $3.80B | $3.36B | $3.18B | $3.01B | $2.17B | $2.53B |
| Income taxes | $1.32B | $1.23B | $1.12B | $1.03B | $855.2M | $762.7M | $716.1M | $712.8M | $550.3M | $797.7M |
| Net income | $4.41B | $4.08B | $3.75B | $3.41B | $2.95B | $2.60B | $2.47B | $2.29B | $1.62B | $1.73B |
| EBITDA | $6.45B | $6.24B | $5.80B | $5.24B | $4.41B | $3.93B | $3.77B | $3.54B | $2.76B | $2.93B |
| EPS (diluted) | $11.12 | $10.00 | $9.18 | $8.23 | $7.01 | $6.02 | $5.92 | $5.45 | $4.34 | $3.70 |
| Gross margin | 48.2% | 50.8% | 49.9% | 48.9% | 46.9% | 46.5% | 46.0% | 46.7% | 45.4% | 45.6% |
| Operating margin | 18.6% | 26.3% | 25.7% | 25.0% | 23.1% | 22.2% | 21.5% | 21.2% | 19.3% | 19.5% |
| Net margin | 20.1% | 19.8% | 19.5% | 18.9% | 17.9% | 17.3% | 16.9% | 16.2% | 12.2% | 14.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.47B | $5.94B | $5.36B | $5.18B | $5.13B | $5.55B | $5.05B | $4.83B | $4.77B | $5.25B | $4.67B | $4.51B |
| Cost of revenue | $2.57B | $3.07B | $2.89B | $2.84B | $2.55B | $2.68B | $2.53B | $2.42B | $2.41B | $2.55B | $2.35B | $2.30B |
| Gross profit | $2.90B | $2.87B | $2.47B | $2.34B | $2.58B | $2.87B | $2.52B | $2.41B | $2.36B | $2.70B | $2.31B | $2.21B |
| Research & development | $265.9M | — | $257.8M | $251.2M | $269.3M | $247.1M | $239.5M | $232.6M | $247.9M | $242.7M | $228.7M | $236.5M |
| Sales, general & admin | $1.25B | $1.08B | $1.07B | $1.01B | $1.10B | $1.02B | $1.01B | $926.7M | $1.03B | $932.5M | $922.5M | $880.3M |
| Total operating expenses | $1.76B | $1.08B | $1.19B | $2.46B | $1.37B | $1.24B | $1.22B | $1.14B | $1.26B | $1.16B | $1.13B | $1.10B |
| Operating income | $1.14B | $1.79B | $1.28B | −$122.5M | $1.21B | $1.63B | $1.30B | $1.27B | $1.10B | $1.54B | $1.18B | $1.12B |
| Interest income | $108.8M | $63.8M | $96.8M | $101.5M | $88.0M | $411.1M | $356.7M | $345.0M | $82.0M | $55.9M | $282.2M | $248.2M |
| Interest expense | $121.0M | $78.7M | $124.1M | $135.4M | $113.7M | $73.4M | $128.2M | $136.7M | $103.2M | $61.6M | $106.0M | $92.7M |
| Income before taxes | $1.26B | $1.78B | $1.38B | $1.31B | $1.19B | $1.62B | $1.26B | $1.24B | $1.09B | $1.55B | $1.14B | $1.09B |
| Income taxes | $279.2M | $422.0M | $321.1M | $294.5M | $280.0M | $372.4M | $298.1M | $279.9M | $260.1M | $361.4M | $265.4M | $233.4M |
| Net income | $978.6M | $1.36B | $1.06B | $1.01B | $910.6M | $1.25B | $963.2M | $956.3M | $829.3M | $1.18B | $878.4M | $859.4M |
| EBITDA | $1.29B | $1.92B | $1.65B | $1.59B | $1.42B | $1.84B | $1.54B | $1.51B | $1.33B | $1.75B | $1.39B | $1.33B |
| EPS (diluted) | $2.64 | $3.37 | $2.62 | $2.49 | $2.26 | $3.06 | $2.35 | $2.33 | $2.09 | $2.88 | $2.13 | $2.08 |
| Gross margin | 53.0% | 48.3% | 46.1% | 45.2% | 50.3% | 51.7% | 49.9% | 49.8% | 49.5% | 51.4% | 49.6% | 49.0% |
| Operating margin | 20.8% | 30.1% | 23.8% | −2.4% | 23.5% | 29.4% | 25.7% | 26.3% | 23.0% | 29.4% | 25.4% | 24.7% |
| Net margin | 17.9% | 22.9% | 19.8% | 19.6% | 17.8% | 22.5% | 19.1% | 19.8% | 17.4% | 22.6% | 18.8% | 19.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ADP's financial statements (latest annual report filed August 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ADP financial results
In fiscal year 2026 (ended June 30, 2026), ADP reported revenue of $21.9 billion, up 6.7% from the year before. It had net income of $4.4 billion (up 8.2%), a net profit margin of 20.1%. Diluted earnings per share came to $11.12. Over five years revenue grew at an average rate of 7.9% a year.
See the ADP stock overview for the latest quote and news, or the ADP chart for price history and technical indicators.
ADP income statement FAQ
What is ADP's annual revenue?
ADP reported total revenue of $21.9 billion for fiscal year 2026, which ended on June 30, 2026. That was up 6.7% from $20.6 billion the previous year.
Is ADP profitable?
Yes. ADP reported net income of $4.4 billion in fiscal 2026, a net profit margin of 20.1%; its operating margin was 18.6%.
What is ADP's gross margin?
ADP's gross margin was 48.2% in fiscal 2026: for every $100 of revenue, ADP kept $48 after the direct cost of its products and services.
How much does ADP spend on research and development?
ADP spent $774.9 million on research and development in fiscal 2026, 3.5% of revenue.
How fast is ADP growing?
Revenue grew 7.9% a year on average over the last five fiscal years, from $15.0 billion to $21.9 billion.
What are ADP's earnings per share?
ADP earned $11.12 per diluted share in fiscal 2026, compared with $10.00 a year earlier.
When will ADP report its next earnings?
ADP is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does ADP's fiscal year end?
ADP's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 5, 2026.