Automatic Data Processing Inc
NASDAQ:ADP
Income Statement
Earnings Waterfall
Automatic Data Processing Inc
Revenue
|
18.6B
USD
|
Cost of Revenue
|
-10.2B
USD
|
Gross Profit
|
8.4B
USD
|
Operating Expenses
|
-3.7B
USD
|
Operating Income
|
4.7B
USD
|
Other Expenses
|
-1.1B
USD
|
Net Income
|
3.6B
USD
|
Income Statement
Automatic Data Processing Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
10 758
N/A
|
10 469
-3%
|
10 226
-2%
|
10 431
+2%
|
10 590
+2%
|
10 790
+2%
|
10 939
+1%
|
11 064
+1%
|
11 217
+1%
|
11 441
+2%
|
11 668
+2%
|
11 871
+2%
|
12 051
+2%
|
12 213
+1%
|
12 372
+1%
|
12 540
+1%
|
12 791
+2%
|
13 076
+2%
|
13 274
+2%
|
13 507
+2%
|
13 761
+2%
|
13 894
+1%
|
14 110
+2%
|
14 296
+1%
|
14 473
+1%
|
14 692
+2%
|
14 590
-1%
|
14 565
0%
|
14 591
+0%
|
14 645
+0%
|
15 005
+2%
|
15 367
+2%
|
15 697
+2%
|
16 108
+3%
|
16 498
+2%
|
16 882
+2%
|
17 247
+2%
|
17 662
+2%
|
18 012
+2%
|
18 309
+2%
|
18 586
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(6 339)
|
(6 175)
|
(6 025)
|
(6 140)
|
(6 244)
|
(6 342)
|
(6 407)
|
(6 482)
|
(6 582)
|
(6 711)
|
(6 823)
|
(6 921)
|
(7 005)
|
(7 103)
|
(7 226)
|
(7 358)
|
(7 528)
|
(7 696)
|
(7 734)
|
(7 810)
|
(7 873)
|
(7 887)
|
(8 002)
|
(8 120)
|
(8 214)
|
(8 361)
|
(8 427)
|
(8 417)
|
(8 443)
|
(8 480)
|
(8 617)
|
(8 804)
|
(9 022)
|
(9 255)
|
(9 436)
|
(9 605)
|
(9 715)
|
(9 825)
|
(9 923)
|
(10 043)
|
(10 153)
|
|
Gross Profit |
4 419
N/A
|
4 294
-3%
|
4 201
-2%
|
4 291
+2%
|
4 347
+1%
|
4 448
+2%
|
4 531
+2%
|
4 582
+1%
|
4 635
+1%
|
4 730
+2%
|
4 845
+2%
|
4 950
+2%
|
5 046
+2%
|
5 111
+1%
|
5 146
+1%
|
5 182
+1%
|
5 263
+2%
|
5 381
+2%
|
5 541
+3%
|
5 697
+3%
|
5 888
+3%
|
6 007
+2%
|
6 108
+2%
|
6 176
+1%
|
6 259
+1%
|
6 332
+1%
|
6 163
-3%
|
6 148
0%
|
6 148
0%
|
6 165
+0%
|
6 389
+4%
|
6 563
+3%
|
6 675
+2%
|
6 852
+3%
|
7 063
+3%
|
7 276
+3%
|
7 532
+4%
|
7 838
+4%
|
8 090
+3%
|
8 266
+2%
|
8 433
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 548)
|
(2 483)
|
(2 386)
|
(2 427)
|
(2 438)
|
(2 460)
|
(2 518)
|
(2 545)
|
(2 582)
|
(2 609)
|
(2 654)
|
(2 696)
|
(2 711)
|
(2 742)
|
(2 702)
|
(2 834)
|
(2 914)
|
(2 986)
|
(2 983)
|
(3 005)
|
(3 029)
|
(3 042)
|
(3 084)
|
(3 082)
|
(3 079)
|
(3 108)
|
(3 021)
|
(2 987)
|
(3 003)
|
(2 987)
|
(3 064)
|
(3 104)
|
(3 146)
|
(3 186)
|
(3 259)
|
(3 342)
|
(3 415)
|
(3 538)
|
(3 582)
|
(3 663)
|
(3 731)
|
|
Selling, General & Administrative |
(2 498)
|
(2 429)
|
(2 370)
|
(2 409)
|
(2 418)
|
(2 440)
|
(2 497)
|
(2 522)
|
(2 560)
|
(2 587)
|
(2 637)
|
(2 680)
|
(2 693)
|
(2 724)
|
(2 684)
|
(2 814)
|
(2 894)
|
(2 966)
|
(2 959)
|
(2 982)
|
(3 007)
|
(3 020)
|
(3 064)
|
(3 066)
|
(3 062)
|
(3 092)
|
(3 003)
|
(2 969)
|
(2 983)
|
(2 965)
|
(3 041)
|
(3 079)
|
(3 105)
|
(3 160)
|
(3 233)
|
(3 314)
|
(3 388)
|
(3 508)
|
(3 551)
|
(3 631)
|
(3 698)
|
|
Research & Development |
(8)
|
(12)
|
(16)
|
(19)
|
(19)
|
(20)
|
(20)
|
(23)
|
(22)
|
(21)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(20)
|
(21)
|
(24)
|
(24)
|
(23)
|
(23)
|
(19)
|
(19)
|
(19)
|
(18)
|
(18)
|
(18)
|
(20)
|
(22)
|
(24)
|
(25)
|
(26)
|
(26)
|
(26)
|
(28)
|
(27)
|
(29)
|
(31)
|
(32)
|
(33)
|
|
Other Operating Expenses |
(43)
|
(43)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
1 870
N/A
|
1 811
-3%
|
1 815
+0%
|
1 863
+3%
|
1 909
+2%
|
1 988
+4%
|
2 014
+1%
|
2 037
+1%
|
2 053
+1%
|
2 122
+3%
|
2 191
+3%
|
2 254
+3%
|
2 335
+4%
|
2 369
+1%
|
2 444
+3%
|
2 348
-4%
|
2 350
+0%
|
2 395
+2%
|
2 557
+7%
|
2 692
+5%
|
2 859
+6%
|
2 965
+4%
|
3 024
+2%
|
3 094
+2%
|
3 180
+3%
|
3 224
+1%
|
3 142
-3%
|
3 162
+1%
|
3 145
-1%
|
3 178
+1%
|
3 325
+5%
|
3 460
+4%
|
3 529
+2%
|
3 667
+4%
|
3 803
+4%
|
3 935
+3%
|
4 117
+5%
|
4 300
+4%
|
4 507
+5%
|
4 603
+2%
|
4 702
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
77
|
73
|
64
|
63
|
54
|
54
|
57
|
52
|
32
|
18
|
1
|
(9)
|
202
|
201
|
(1)
|
199
|
(14)
|
(15)
|
(22)
|
(28)
|
(33)
|
(32)
|
(18)
|
(17)
|
(5)
|
(3)
|
(10)
|
(5)
|
(2)
|
(6)
|
(10)
|
(18)
|
(32)
|
(36)
|
(45)
|
(60)
|
(90)
|
(92)
|
(119)
|
(143)
|
(153)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
29
|
29
|
29
|
29
|
0
|
0
|
0
|
115
|
3
|
0
|
(13)
|
0
|
(29)
|
(25)
|
(12)
|
(12)
|
(11)
|
(24)
|
0
|
(30)
|
(22)
|
(11)
|
(38)
|
(20)
|
(17)
|
0
|
(17)
|
(23)
|
(23)
|
(23)
|
(19)
|
(2)
|
(2)
|
(2)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
14
|
14
|
14
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
4
|
4
|
4
|
6
|
2
|
2
|
6
|
4
|
6
|
7
|
8
|
9
|
8
|
12
|
8
|
6
|
6
|
0
|
0
|
15
|
16
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
14
|
0
|
0
|
59
|
16
|
33
|
49
|
(254)
|
(272)
|
(287)
|
(298)
|
7
|
26
|
38
|
63
|
75
|
70
|
68
|
54
|
59
|
63
|
69
|
71
|
62
|
56
|
51
|
46
|
51
|
48
|
43
|
|
Pre-Tax Income |
1 947
N/A
|
1 883
-3%
|
1 879
0%
|
1 926
+3%
|
1 963
+2%
|
2 042
+4%
|
2 071
+1%
|
2 118
+2%
|
2 127
+0%
|
2 182
+3%
|
2 235
+2%
|
2 258
+1%
|
2 537
+12%
|
2 570
+1%
|
2 617
+2%
|
2 567
-2%
|
2 369
-8%
|
2 416
+2%
|
2 283
-6%
|
2 364
+4%
|
2 518
+6%
|
2 627
+4%
|
3 006
+14%
|
3 098
+3%
|
3 192
+3%
|
3 285
+3%
|
3 183
-3%
|
3 209
+1%
|
3 206
0%
|
3 195
0%
|
3 361
+5%
|
3 497
+4%
|
3 574
+2%
|
3 698
+3%
|
3 804
+3%
|
3 913
+3%
|
4 061
+4%
|
4 236
+4%
|
4 438
+5%
|
4 521
+2%
|
4 606
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(665)
|
(650)
|
(637)
|
(652)
|
(670)
|
(692)
|
(694)
|
(705)
|
(706)
|
(718)
|
(741)
|
(734)
|
(843)
|
(820)
|
(829)
|
(790)
|
(199)
|
(178)
|
(215)
|
(202)
|
(701)
|
(713)
|
(712)
|
(729)
|
(729)
|
(754)
|
(722)
|
(729)
|
(730)
|
(730)
|
(763)
|
(800)
|
(830)
|
(836)
|
(855)
|
(886)
|
(915)
|
(975)
|
(1 026)
|
(1 028)
|
(1 049)
|
|
Income from Continuing Operations |
1 283
|
1 233
|
1 243
|
1 274
|
1 293
|
1 350
|
1 377
|
1 413
|
1 422
|
1 464
|
1 493
|
1 525
|
1 694
|
1 750
|
1 788
|
1 777
|
2 169
|
2 238
|
2 068
|
2 162
|
1 817
|
1 914
|
2 293
|
2 369
|
2 463
|
2 530
|
2 460
|
2 480
|
2 476
|
2 466
|
2 599
|
2 697
|
2 744
|
2 862
|
2 949
|
3 027
|
3 146
|
3 261
|
3 412
|
3 492
|
3 558
|
|
Net Income (Common) |
1 415
N/A
|
1 454
+3%
|
1 516
+4%
|
1 483
-2%
|
1 437
-3%
|
1 405
-2%
|
1 453
+3%
|
1 494
+3%
|
1 504
+1%
|
1 547
+3%
|
1 493
-3%
|
1 525
+2%
|
1 694
+11%
|
1 750
+3%
|
1 788
+2%
|
1 777
-1%
|
1 937
+9%
|
2 010
+4%
|
1 885
-6%
|
1 978
+5%
|
1 866
-6%
|
1 958
+5%
|
2 293
+17%
|
2 370
+3%
|
2 463
+4%
|
2 530
+3%
|
2 467
-3%
|
2 486
+1%
|
2 482
0%
|
2 472
0%
|
2 599
+5%
|
2 697
+4%
|
2 744
+2%
|
2 862
+4%
|
2 949
+3%
|
3 027
+3%
|
3 146
+4%
|
3 261
+4%
|
3 412
+5%
|
3 492
+2%
|
3 558
+2%
|
|
EPS (Diluted) |
2.9
N/A
|
3.01
+4%
|
3.13
+4%
|
3.07
-2%
|
2.99
-3%
|
2.96
-1%
|
3.05
+3%
|
3.2
+5%
|
3.26
+2%
|
3.38
+4%
|
3.25
-4%
|
3.34
+3%
|
3.76
+13%
|
3.89
+3%
|
3.97
+2%
|
3.99
+1%
|
4.36
+9%
|
4.53
+4%
|
4.25
-6%
|
4.49
+6%
|
4.25
-5%
|
4.48
+5%
|
5.24
+17%
|
5.43
+4%
|
5.68
+5%
|
5.85
+3%
|
5.69
-3%
|
5.78
+2%
|
5.78
N/A
|
5.77
0%
|
6.07
+5%
|
6.36
+5%
|
6.5
+2%
|
6.81
+5%
|
7
+3%
|
7.26
+4%
|
7.55
+4%
|
7.84
+4%
|
8.21
+5%
|
8.44
+3%
|
8.62
+2%
|