Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: +6.6% EPS YoY: +14.7% Move: +1.59%

Automatic Data Processing

ADP

$226.24 1.59%

Exchange NASDAQ Sector Industrials Industry Staffing Employment Services

Q3 2024

Published: May 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for ADP

Reported

Report Date

May 2, 2024

Quarter Q3 2024

Revenue

5.25B

YoY: +6.6%

EPS

2.88

YoY: +14.7%

Market Move

+1.59%

Previous quarter: N/A

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Earnings Highlights

Revenue of $5.25B up 6.6% year-over-year
EPS of $2.88 increased by 14.7% from previous year
Gross margin of 47.3%
Net income of 1.18B
""Our Employer Services retention was very strong in the third quarter, exceeding our expectations, and keeping us on track for our full-year outlook."" - Maria Black

ADP

Automatic Data Processing Inc

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 7, 2026

Executive Summary

In the third quarter of fiscal 2024, Automatic Data Processing Inc (ADP) reported robust financial performance, highlighted by a revenue increase of 7% year-over-year, reaching $5.25 billion. Adjusted diluted earnings per share (EPS) soared by 14% to $2.88, driven by strong operational efficiency and strategic investments in human capital management (HCM) technology. Management also noted record bookings in Employer Services (ES) and improved client retention, particularly in the midmarket segment, thus indicating solid momentum heading into the latter part of the fiscal year. The continued strength of the labor market and ADP's focus on innovation through GenAI technologies further positions the company for sustained growth.

Key Performance Indicators

Revenue

Increasing

5.25B

QoQ: 12.55% | YoY: 6.62%

Gross Profit

Increasing

2.49B

47.31% margin

QoQ: 18.00% | YoY: 7.88%

Operating Income

Increasing

1.55B

QoQ: 31.19% | YoY: 12.62%

Net Income

Increasing

1.18B

QoQ: 34.89% | YoY: 13.59%

EPS

Increasing

2.89

QoQ: 35.05% | YoY: 14.68%

Revenue Trend

Margin Analysis

Financial Highlights

Financial Performance Overview:
- Revenue: $5.25 billion (up 7% YoY)
- Gross Profit: $2.49 billion (Gross Margin: 47.3%)
- Operating Income: $1.55 billion (Operating Margin: 29.6%)
- Net Income: $1.18 billion (Net Margin: 22.6%)
- EPS: $2.88 (up 14% YoY)

Quarter-on-Quarter Trends:
- Revenue increased by 12.6% from Q2 2024
- Operating income up 31.2% from the previous quarter
- Maintained steady Employer Services pays per control growth of 2%.

Management attributed these positive trends to a steady demand backdrop and a healthy business pipeline, reinforcing confidence in reaching the upper end of their annual outlook for new business bookings growth.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	5.25B	6.62%	12.55%
Gross Profit	2.49B	7.88%	18.00%
Operating Income	1.55B	12.62%	31.19%
Net Income	1.18B	13.59%	34.89%
EPS	2.89	14.68%	35.05%

Key Financial Ratios

Gross Profit Margin

Good

47.30%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Excellent

29.60%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

22.60%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Weak

1.85%

Return on assets suggests inefficient capital allocation

Return on Equity

Strong

25.60%

Return on equity demonstrates excellent capital efficiency and value creation

Current Ratio

Adequate

1.01

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Elevated

0.73

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Fair Value

21.25x

P/E ratio in line with market averages

Price to Book

High Premium

21.76x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	5,175.20	2.49	+8.5%	View
Q3 2025	5,553.00	3.06	+5.7%	View
Q2 2025	5,048.40	2.35	+8.2%	View
Q1 2025	4,832.70	2.34	+7.1%	View
Q4 2024	4,768.50	2.02	+6.5%	View
Q3 2024	5,253.80	2.88	+6.6%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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