Automatic Data Processing, Inc. (ADP) Key Metrics
ADP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $114.48B
- Enterprise value
- $105.79B
- P/E (TTM)
- 26.4 10-yr median 28.4
- Forward P/E
- 22.0
- PEG ratio
- 2.50
- Price / sales
- 5.2 10-yr median 5.1
- Price / book
- 17.8 10-yr median 16.1
- EV / EBITDA
- 16.0 10-yr median 19.4
- Dividend yield
- 2.35% $6.80 a year
- Beta
- 0.84
ADP key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsADP valuation Price multiples at each fiscal year-end price.
ADP returns How much profit the business earns on the capital it uses.
ADP per-share figures Results divided by the shares outstanding at year-end.
ADP financial health Debt, liquidity and how easily interest is covered.
ADP efficiency & capital use Working capital cycle and where the cash goes.
ADP valuation history
ADP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ADP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ADP cash returned to shareholders
ADP price vs earnings per share
ADP key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $89.45B | $126.04B | $98.39B | $91.37B | $88.45B | $85.03B | $64.42B | $72.35B | $59.46B | $46.14B |
| Enterprise value | $90.49B | $127.26B | $98.80B | $96.11B | $90.46B | $85.81B | $64.87B | $72.66B | $59.34B | $45.74B |
| P/E ratio | 20.3 | 30.9 | 26.2 | 26.8 | 30.0 | 32.7 | 26.1 | 31.6 | 36.7 | 26.6 |
| Price / sales | 4.1 | 6.1 | 5.1 | 5.1 | 5.4 | 5.7 | 4.4 | 5.1 | 4.5 | 3.7 |
| Price / book | 14.8 | 20.4 | 21.6 | 26.0 | 27.4 | 15.0 | 11.2 | 13.4 | 17.2 | 11.6 |
| Price / free cash flow | 17.1 | 26.4 | 27.4 | 25.1 | 34.7 | 32.9 | 26.7 | 34.1 | 29.1 | 27.9 |
| Price / operating cash flow | 16.4 | 25.5 | 23.7 | 21.7 | 28.5 | 27.5 | 21.3 | 26.9 | 23.6 | 21.7 |
| EV / sales | 4.1 | 6.2 | 5.1 | 5.3 | 5.5 | 5.7 | 4.4 | 5.1 | 4.5 | 3.7 |
| EV / EBITDA | 14.0 | 20.4 | 17.0 | 18.3 | 20.5 | 21.8 | 17.2 | 20.5 | 21.5 | 15.6 |
| EV / free cash flow | 17.3 | 26.7 | 27.5 | 26.4 | 35.5 | 33.2 | 26.9 | 34.2 | 29.0 | 27.6 |
| Earnings yield | 4.9% | 3.2% | 3.8% | 3.7% | 3.3% | 3.1% | 3.8% | 3.2% | 2.7% | 3.8% |
| Free cash flow yield | 5.9% | 3.8% | 3.7% | 4.0% | 2.9% | 3.0% | 3.7% | 2.9% | 3.4% | 3.6% |
| Dividend yield | 2.9% | 1.9% | 2.2% | 2.1% | 1.9% | 1.9% | 2.3% | 1.8% | 1.8% | 2.2% |
| Shareholder yield (dividends + buybacks) | 5.3% | 2.9% | 3.5% | 3.3% | 4.1% | 3.5% | 3.8% | 3.1% | 3.5% | 4.9% |
| Share price at fiscal year-end | $223.95 | $308.40 | $238.69 | $219.79 | $210.04 | $198.62 | $148.89 | $165.33 | $134.14 | $102.46 |
| Per share | ||||||||||
| Revenue per share | $54.95 | $50.31 | $46.59 | $43.33 | $39.18 | $35.05 | $33.72 | $32.39 | $30.06 | $27.49 |
| Earnings per share | $11.05 | $9.98 | $9.10 | $8.21 | $7.00 | $6.07 | $5.70 | $5.24 | $3.66 | $3.85 |
| Operating cash flow per share | $13.62 | $12.09 | $10.09 | $10.12 | $7.36 | $7.23 | $6.99 | $6.14 | $5.67 | $4.72 |
| Free cash flow per share | $13.13 | $11.67 | $8.72 | $8.75 | $6.05 | $6.04 | $5.57 | $4.85 | $4.61 | $3.68 |
| Cash per share | $10.59 | $19.20 | $8.00 | $5.01 | $3.52 | $6.02 | $4.41 | $4.45 | $4.90 | $6.17 |
| Book value per share | $15.10 | $15.14 | $11.03 | $8.44 | $7.66 | $13.24 | $13.29 | $12.34 | $7.80 | $8.83 |
| Tangible book value per share | $2.74 | $3.21 | $2.08 | −$0.42 | −$0.97 | $4.96 | $5.15 | $4.58 | $0.74 | $3.59 |
| Dividends per share | $6.58 | $5.87 | $5.30 | $4.58 | $3.94 | $3.68 | $3.40 | $2.95 | $2.40 | $2.21 |
| Capex per share | $0.49 | $0.41 | $1.37 | $1.38 | $1.31 | $1.18 | $1.42 | $1.29 | $1.06 | $1.05 |
| Debt per share | $13.20 | $22.18 | $8.99 | $16.42 | $8.30 | $7.83 | $5.43 | $5.17 | $4.62 | $5.30 |
| Shares outstanding | 399.4M | 408.7M | 412.2M | 415.7M | 421.1M | 428.1M | 432.7M | 437.6M | 443.3M | 450.3M |
| Change in shares outstanding | −2.3% | −0.8% | −0.8% | −1.3% | −1.6% | −1.1% | −1.1% | −1.3% | −1.6% | −1.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 72.2% | 76.0% | 93.1% | 101.3% | 66.3% | 45.5% | 44.2% | 51.8% | 43.6% | 41.0% |
| Return on invested capital (ROIC) | 43.4% | 67.3% | 57.6% | 51.4% | 50.5% | 40.7% | 40.9% | 50.6% | 55.6% | 48.1% |
| Return on assets (ROA) | 7.6% | 7.6% | 7.1% | 6.0% | 5.3% | 5.9% | 6.1% | 5.8% | 4.4% | 4.3% |
| Return on tangible assets | 7.6% | 8.4% | 7.4% | 7.2% | 5.0% | 5.7% | 6.9% | 6.0% | 4.8% | 5.0% |
| Free cash flow margin | 23.9% | 23.2% | 18.7% | 20.2% | 15.4% | 17.2% | 16.5% | 15.0% | 15.3% | 13.4% |
| Income quality (OCF / net income) | 1.23 | 1.21 | 1.11 | 1.23 | 1.05 | 1.19 | 1.23 | 1.17 | 1.55 | 1.23 |
| Financial health | ||||||||||
| Total debt | $5.27B | $9.07B | $3.71B | $6.83B | $3.49B | $3.35B | $2.35B | $2.26B | $2.05B | $2.38B |
| Cash & short-term investments | $4.23B | $7.85B | $3.30B | $2.08B | $1.48B | $2.58B | $1.91B | $1.95B | $2.17B | $2.78B |
| Net debt | $1.04B | $1.22B | $407.9M | $4.74B | $2.01B | $776.5M | $440.5M | $315.0M | −$123.7M | −$395.4M |
| Debt / equity | 0.87 | 1.46 | 0.81 | 1.95 | 1.08 | 0.59 | 0.41 | 0.42 | 0.59 | 0.60 |
| Debt / assets | 0.08 | 0.17 | 0.07 | 0.13 | 0.06 | 0.07 | 0.06 | 0.05 | 0.06 | 0.06 |
| Net debt / EBITDA | 0.16 | 0.20 | 0.07 | 0.90 | 0.46 | 0.20 | 0.12 | 0.09 | −0.04 | −0.14 |
| Current ratio | 0.17 | 1.05 | 1.01 | 0.99 | 0.99 | 1.07 | 1.05 | 1.05 | 1.05 | 1.10 |
| Quick ratio | 0.17 | 1.05 | 1.01 | 0.99 | 0.09 | 0.15 | 0.16 | 0.15 | 0.16 | 0.24 |
| Interest coverage | 8.9 | 11.9 | 13.5 | 17.5 | 44.1 | 55.7 | 29.3 | 23.1 | 25.1 | 30.2 |
| Working capital | −$41.42B | $1.97B | $462.5M | −$597.0M | −$353.8M | $2.65B | $1.44B | $1.71B | $1.64B | $2.84B |
| Invested capital | $7.07B | $7.41B | $4.96B | $8.25B | $5.24B | $6.45B | $6.19B | $5.71B | $3.34B | $3.58B |
| Tangible asset value | $1.09B | $1.31B | $858.0M | −$173.9M | −$408.3M | $2.12B | $2.23B | $2.01B | $329.7M | $1.62B |
| Net current asset value | −$48.56B | −$3.93B | −$4.27B | −$5.29B | −$5.04B | −$2.36B | −$1.85B | −$2.15B | −$1.58B | −$544.3M |
| Graham number | $61.27 | $58.31 | $47.53 | $39.48 | $34.74 | $42.53 | $41.29 | $38.14 | $25.34 | $27.66 |
| Graham net-net per share | −$125.91 | −$89.68 | −$106.61 | −$103.73 | −$74.08 | −$49.12 | −$37.72 | −$41.12 | −$37.00 | −$36.31 |
| Capital allocation | ||||||||||
| Dividends paid | $2.63B | $2.40B | $2.18B | $1.90B | $1.66B | $1.58B | $1.47B | $1.29B | $1.06B | $995.2M |
| Share buybacks (net) | $2.08B | $1.28B | $1.23B | $1.12B | $1.97B | $1.37B | $1.01B | $937.7M | $989.3M | $1.26B |
| Dividend payout ratio | 59.5% | 58.8% | 58.2% | 55.8% | 56.3% | 60.6% | 59.6% | 56.4% | 65.6% | 57.4% |
| Dividends + buybacks / free cash flow | 89.8% | 77.1% | 95.0% | 83.2% | 142.5% | 113.9% | 102.8% | 105.1% | 100.4% | 136.2% |
| Capex / revenue | 0.9% | 0.8% | 2.9% | 3.2% | 3.4% | 3.4% | 4.2% | 4.0% | 3.5% | 3.8% |
| Capex / operating cash flow | 3.6% | 3.4% | 13.6% | 13.6% | 17.9% | 16.4% | 20.4% | 21.1% | 18.7% | 22.1% |
| Capex / depreciation | 0.34 | 0.35 | 1.00 | 1.04 | 1.07 | 0.99 | 1.28 | 1.39 | 1.25 | 1.49 |
| Stock-based compensation / revenue | 1.1% | 1.3% | 1.3% | 1.2% | 1.2% | 1.2% | 0.9% | 1.2% | 1.3% | 1.1% |
| R&D / revenue | 3.5% | 4.8% | 5.0% | 4.7% | 4.8% | 4.8% | 4.6% | 4.5% | 4.8% | 5.1% |
| SG&A / revenue | 20.1% | 19.7% | 19.5% | 19.4% | 19.2% | 20.3% | 20.6% | 21.6% | 22.3% | 22.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 59.0 | 62.2 | 61.2 | 62.6 | 65.2 | 62.9 | 61.1 | 57.0 | 50.5 | 50.8 |
| Days of inventory on hand | — | — | — | 982.6 | 1,758.4 | 1,400.1 | 1,299.6 | 1,366.6 | 1,322.0 | 693.7 |
| Days payables outstanding | 5.3 | 4.9 | 3.7 | 4.1 | 5.2 | 5.5 | 5.3 | 6.3 | 7.1 | 8.2 |
| Cash conversion cycle (days) | 53.7 | 57.3 | 57.4 | 1,041.1 | 1,818.4 | 1,457.4 | 1,355.4 | 1,417.2 | 1,365.4 | 736.3 |
| Receivables turnover | 6.18 | 5.87 | 5.97 | 5.83 | 5.59 | 5.81 | 5.98 | 6.41 | 7.23 | 7.18 |
| Payables turnover | 68.59 | 74.96 | 97.39 | 88.95 | 69.78 | 66.07 | 69.31 | 57.91 | 51.06 | 44.58 |
| Inventory turnover | — | — | — | 0.37 | 0.21 | 0.26 | 0.28 | 0.27 | 0.28 | 0.53 |
| Asset turnover | 0.38 | 0.38 | 0.36 | 0.32 | 0.30 | 0.34 | 0.36 | 0.36 | 0.36 | 0.31 |
| Average receivables | $3.55B | $3.50B | $3.22B | $3.09B | $2.95B | $2.58B | $2.44B | $2.21B | $1.84B | $1.72B |
| Average payables | $165.8M | $134.8M | $98.7M | $103.5M | $125.7M | $121.5M | $113.8M | $130.4M | $142.6M | $151.0M |
| Average inventory | — | — | — | $24.78B | $42.24B | $30.81B | $28.07B | $28.29B | $26.36B | $12.79B |
| Intangibles / total assets | 7.8% | 9.1% | 6.8% | 7.2% | 5.8% | 7.3% | 9.0% | 8.1% | 8.4% | 6.4% |
Computed from ADP's annual financial statements (latest annual report filed August 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ADP valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), ADP traded at 20.3 times earnings, against a 10-year median of 28.4. Based on the latest twelve months, the trailing P/E is 26.4 and the forward P/E is 22.0. ADP earned a return on equity of 72.2% and a return on invested capital of 43.4% in fiscal 2026. It ended the year with $5.3 billion of debt and $4.2 billion in cash and short-term investments, net debt of $1.0 billion. It returned $4.7 billion to shareholders: $2.6 billion in dividends and $2.1 billion in share buybacks, 90% of free cash flow. The share count fell 11.3% from 450.3M to 399.4M over 9 years.
See the ADP income statement, the ADP chart for price history, or the ADP stock overview for the latest quote and news.
ADP key metrics FAQ
What is ADP's P/E ratio?
ADP's trailing P/E ratio is 26.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.0. At the end of fiscal 2026 it was 20.3, compared with a 10-year median of 28.4.
What is ADP's EV/EBITDA?
ADP's enterprise value was 14.0 times EBITDA at the end of fiscal 2026 (enterprise value $90.5 billion, EBITDA $6.4 billion); the current EV/EBITDA is 16.0.
What is ADP's return on equity?
ADP's return on equity (ROE) was 72.2% in fiscal 2026: net income of $4.4 billion on average shareholders' equity of $6.1 billion.
What is ADP's ROIC?
ADP's return on invested capital was 43.4% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ADP have?
ADP had total debt of $5.3 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.87 and $1.0 billion of net debt (0.16 times EBITDA).
What is ADP's dividend yield?
ADP's forward dividend yield is 2.35%. ADP paid $2.6 billion in dividends in fiscal 2026 ($6.58 per share), a payout ratio of 59.5%.
Does ADP buy back its shares?
Yes. ADP spent $2.1 billion on net share repurchases in fiscal 2026 Shares outstanding changed −2.3% over the year, to 399.4M..
What is ADP's free cash flow yield?
ADP generated $5.2 billion of free cash flow in fiscal 2026, a free cash flow yield of 5.9% on its market value at year-end ($89.5 billion).
What is ADP's current ratio?
ADP's current ratio was 0.17 at the end of fiscal 2026: current assets were 0.17 times current liabilities.