ADP market cap is $96.3 b, and annual revenue was $14.59 b in FY 2020

ADP Gross profit (Q3, 2021)1.8 B

ADP Gross profit margin (Q3, 2021), %44.5%

ADP Net income (Q3, 2021)810.7 M

ADP Cash, 31-Mar-20211.9 B

ADP EV96.8 B

ADP revenue was $14.59 b in FY, 2020 which is a 2.9% year over year increase from the previous period.

ADP revenue breakdown by business segment: 69.1% from Employer Services and 30.9% from Professional Employer Organization Services

ADP revenue breakdown by geographic segment: 87.3% from United States, 8.5% from Europe and 4.2% from Other

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 13.3b | 14.2b | 14.6b |

| 8% | 6% | 3% |

## Cost of goods sold | 7.8b | 8.1b | 8.4b |

## Gross profit | 5.5b | 6.1b | 6.1b |

| 41% | 43% | 42% |

## General and administrative expense | 3.0b | 3.1b | 3.0b |

## Operating expense total | 3.0b | 3.1b | 3.0b |

## Interest expense | 102.7m | 129.9m | 107.1m |

## Pre tax profit | 2.2b | 3.0b | 3.2b |

## Income tax expense | 550.3m | 712.8m | 716.1m |

## Net Income | 1.6b | 2.3b | 2.5b |

## EPS | 3.7 | 5.2 | 5.7 |

USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 3.3b | 3.5b | 3.8b | 3.5b | 3.7b | 4.0b | 3.5b | 3.7b | 4.1b |

## Cost of goods sold | 1.9b | 2.0b | 2.1b | 2.0b | 2.1b | 2.2b | 2.0b | 2.1b | 2.3b |

## Gross profit | 1.4b | 1.5b | 1.7b | 1.5b | 1.6b | 1.8b | 1.4b | 1.6b | 1.8b |

| 42% | 43% | 45% | 42% | 43% | 45% | 41% | 43% | 44% |

## General and administrative expense | 713.9m | 745.2m | 750.4m | 726.5m | 754.3m | 756.6m | 681.0m | 755.8m | 763.0m |

## Operating expense total | 713.9m | 745.2m | 750.4m | 726.5m | 754.3m | 756.6m | 681.0m | 755.8m | 763.0m |

## Interest expense | 35.9m | 38.6m | 21.7m | 39.9m | 31.6m | 20.0m | 15.1m | 13.9m | 13.5m |

## Pre tax profit | 646.8m | 741.0m | 984.5m | 739.1m | 835.5m | 1.1b | 765.2m | 832.6m | 1.1b |

## Income tax expense | 141.4m | 182.8m | 230.8m | 156.7m | 183.9m | 255.8m | 163.1m | 185.1m | 255.5m |

## Net Income | 505.4m | 558.2m | 753.7m | 582.4m | 651.6m | 820.9m | 602.1m | 647.5m | 810.7m |

## EPS | 1.2 | 1.3 | 1.7 | 1.3 | 1.5 | 1.9 | 1.4 | 1.5 | 1.9 |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 2.2b | 1.9b | 1.9b |

## Accounts Receivable | 2.0b | 2.4b | 2.4b |

## Current Assets | 32.1b | 34.3b | 31.6b |

## PP&E | 793.7m | 764.2m | 703.9m |

## Goodwill | 2.2b | 2.3b | 2.3b |

## Total Assets | 37.1b | 41.9b | 39.2b |

## Accounts Payable | 135.4m | 125.5m | 102.0m |

## Dividends Payable | 298.9m | 340.1m | 387.3m |

## Short-term debt | 1.0b | ||

## Current Liabilities | 30.4b | 32.6b | 30.1b |

## Long-term debt | 2.0b | 2.0b | 1.0b |

## Total Debt | 2.0b | 2.0b | 2.0b |

## Total Liabilities | 33.6b | 36.5b | 33.4b |

## Common Stock | 63.9m | 63.9m | 63.9m |

## Additional Paid-in Capital | 1.0b | 1.2b | 1.3b |

## Retained Earnings | 15.3b | 17.5b | 18.4b |

## Total Equity | 3.5b | 5.4b | 5.8b |

## Debt to Equity Ratio | 0.6 x | 0.4 x | 0.3 x |

## Debt to Assets Ratio | 0.1 x | 0 x | 0.1 x |

## Financial Leverage | 10.7 x | 7.8 x | 6.8 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 1.6b | 2.3b | 2.5b |

## Depreciation and Amortization | 377.6m | 409.0m | 480.0m |

## Accounts Receivable | (291.8m) | (473.9m) | (113.8m) |

## Accounts Payable | (1.9m) | (10.7m) | (18.3m) |

## Cash From Operating Activities | 2.5b | 2.7b | 3.0b |

## Purchases of PP&E | (206.1m) | (162.0m) | (172.7m) |

## Cash From Investing Activities | (2.5b) | 2.2b | 3.2b |

## Long-term Borrowings | (7.3m) | (2.1m) | (2.2m) |

## Dividends Paid | (1.1b) | (1.3b) | (1.5b) |

## Cash From Financing Activities | (1.7b) | (207.7m) | (5.9b) |

## Net Change in Cash | (1.6b) | 254.1m | 257.4m |

## Interest Paid | 100.5m | 127.5m | 104.8m |

## Income Taxes Paid | 529.7m | 633.8m | 677.1m |

USD | FY, 2018 |
---|---|

## Revenue/Employee | 233.8k |

## Debt/Equity | 0.6 x |

## Debt/Assets | 0.1 x |

## Financial Leverage | 10.7 x |

ADP's Enterprise Customers was reported to be 860 k in FY, 2020.

FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q4, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Enterprise Customers | 740 k | 810 k | 860 k | |||||||||||

## New Bookings | $1.8 b | $1.94 b | ||||||||||||

## Average Client Funds Balances | $24.3 b | $22.2 b | $23.6 b | $30 b | $26.2 b | $25.5 b | $23.7 b | $25.1 b | $31.37 b | $24 m | $26 b | $22 b | $25.1 b | $33.2 b |

## Worksite Employees Served (ADP TotalSource) | 535 k | 532 k | 549 k | 552 k | 562 k | 562 k | 569 k | 584 k | 595 k | 530 k | ||||

## Average Paid Worksite Employees (ADP TotalSource) | 504 k | 528 k | 545 k | 554 k | 563 k | 547 k | 563 k | 579 k | 595 k | 548 k | 547 | 571 k | 594 k | |

## Enterprise Customers (ADP TotalSource) | 12 k | 12.5 k | 13 k | |||||||||||

## Enterprise Customers (Cloud-based Strategic Software as a Service Offerings) | 630 k | |||||||||||||

## Mobile Customers | 17 m | |||||||||||||

## Enterprise Customers (RUN) | 570 k | 640 k | 690 k | |||||||||||

## Enterprise Customers (ADP Workforce Now) | 60 k | 70 k | 75 k | |||||||||||

## Workers Paid (US) | 26 m | 26 m | 22 m | |||||||||||

## Workers Paid (outside the US) | 14 m | 15 m | 14 m | |||||||||||

## Countries | 110 | 140 | 140 |

FY, 2020 | FY, 2019 | |
---|---|---|

Race/Ethnicity Undisclosed (USA), percent | 5.1% | |

White (USA), percent | 56.8% | 56.7% |

Hispanic / Latino (USA), percent | 15.2% | 14.9% |

Black / African American (USA), percent | 11.2% | 11.9% |

Asian (USA), percent | 8.1% | 8% |

Other | 3.7% | 8.5% |

- Source: craft.co

FY, 2020 | FY, 2019 | |
---|---|---|

Male (Management), percent | 29% | 29% |

Female (Management), percent | 21% | 21% |

Male, percent | 23.5% | 23.5% |

Female, percent | 26.5% | 26.5% |

- Source: craft.co