ADP
Financial Performance
ADP Revenue & Financials
Revenue
$19.2B (FY2024)
Market Cap
$118B
Net Income
$3.8B
Employees
63,000
What is ADP's revenue?
ADP had $19.2B in revenue for fiscal year 2024, up 6.6% from 2023. Net income was $3.8B.
- Latest revenue
- $19.2B (FY2024)
- Year-over-year
- +6.6%
- Growth rate (CAGR)
- 6.5% over 9 years
- Peak revenue
- $19.2B (FY2024)
- Years of data
- 10
- Employees
- 63,000
- How much profit does ADP make?
- ADP reported net income of $3.8B for fiscal year 2024.
- How many employees does ADP have?
- ADP has about 63,000 employees.
Financial Analysis
ADP's financial profile is a fortress of predictable recurring revenues, expanding operating margins, and outstanding capital efficiency. In fiscal year 2024, ADP achieved consolidated revenues of $19.20 billion, up 7% year-over-year. Operating income rose to $4.85 billion, reflecting an operating margin expansion to 25.3%. Net income attributable to stockholders reached $3.77 billion ($9.13 diluted EPS). ADP generated over $4.1 billion in operating cash flow, maintaining an exceptional return on equity (ROE) exceeding 70%. Rated AA by Standard & Poor's, ADP boasts one of the strongest balance sheets in enterprise tech, consistently repurchasing shares and paying out over $2.2 billion in annual dividends.
Revenue Trend Analysis
YoY Change
+6.6%
9-Year CAGR
+6.5%
Peak Year
2024
Trend
Consistent Growth
ADP has 10 full fiscal year figures on this page, compounding at +6.5% annually over 9 years. The most recent year saw a 6.6% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $19.2B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $19.2B | $3.8B | +6.6% |
| FY2023 | $18B | $3.4B | +9.1% |
| FY2022 | $16.5B | $2.9B | +10.1% |
| FY2021 | $15B | $2.6B | +2.8% |
| FY2020 | $14.6B | $2.5B | +2.9% |
| FY2019 | $14.2B | $2.3B | +6.4% |
| FY2018 | $13.3B | $1.6B | +7.6% |
| FY2017 | $12.4B | $1.7B | +6.1% |
| FY2016 | $11.7B | $1.5B | +6.7% |
| FY2015 | $10.9B | $1.5B | — |
Click any row to see year details.
Keep researching ADP
ADP Revenue and Financial FAQ
What was ADP's latest reported annual revenue?
In its latest audited financial reporting period, ADP recorded consolidated net revenue of $19.2B, demonstrating durable revenue growth across its primary operating divisions.
How profitable is ADP?
ADP generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is ADP's capital and liquidity position?
ADP maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does ADP distribute capital to shareholders?
ADP executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "ADP Revenue & Financials." CorpDigest, https://corpdigest.com/company/adp/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>ADP reported $19.2B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/adp/financials" target="_blank" rel="noopener">CorpDigest — ADP financials</a></div>Related Financial Audits
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