Automatic Data Processing, Inc. (ADP)

NASDAQ: ADP · USD

$285

-7.86 (-2.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-05-20

Our latest published analysis: ADP rated Hold

Automatic Data Processing, Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$241 / share

Potential value

$305 / share

Upside to FV

+9.2%

from $285

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$88.1B
Revenue (ttm)	22.3B
Net income (ttm)	4.5B
EPS (ttm)	$11.3
Shares out	396.3M
P/E (trailing)	25.3x
P/E (forward)	18.1x
Dividend	$6.80 (2.38%)
Volume	1,910,919
Beta	0.84

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 22.3B
Net income (ttm): 4.5B
EPS (ttm): $11.3
P/E (trailing): 25.3x
P/E (forward): 18.1x
Market cap: $88.1B

Item	P1	P2	P3	P4	Trend
Period	2022-06-30	2023-06-30	2024-06-30	2025-06-30	Trend
Revenue	$16.50B	$18.01B	$19.20B	$20.56B	+7.6%
Gross profit	$7.04B	$8.06B	$8.73B	$9.46B	+10.4%
Operating income	$3.89B	$4.69B	$5.23B	$5.77B	+14.1%
Net income	$2.95B	$3.41B	$3.75B	$4.08B	+11.4%
EPS (diluted)	$7.00	$8.21	$9.10	$9.98	+12.5%
EBITDA	$4.40B	$5.24B	$5.80B	$6.35B	+13.0%
R&D	—	—	—	—	—
SG&A	$3.23B	$3.55B	$3.78B	$4.05B	+7.8%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	매도
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	보유
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	보유
AME	AMETEK Inc.	56.9B	36.3x	7.2x	13.2%	+9.8%	+33.6%	매도

Base and Bull scenarios

Bull20%

Price target

$305.17

+38.4% from spot

Higher-for-longer rates augment margins on PEO funds, while AI-driven insights capture market share. Sustainable top-line growth reaches 8-9%.

Higher-for-longer rates augment margins on PEO funds, while AI-driven insights capture market share. Sustainable top-line growth reaches 8-9%.

Base60%

Price target

$240.64

+9.2% from spot

Consistent mid-single-digit revenue growth and aggressive share repurchases support steady double-digit EPS expansion. Fair value centers at $240.64.

Consistent mid-single-digit revenue growth and aggressive share repurchases support steady double-digit EPS expansion. Fair value centers at $240.64.

Sensitivity: Ke × terminal growth

The highlighted base cell is anchored to composite fair-value midpoint ($240.64). It is the reference value for this grid, not a separate standalone fair-value claim.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
6.8%	$291	$324	$367	$421	$421
7.8%	$241	$263	$291	$324	$367
8.8%	$205	$222	$241	$263	$291
9.8%	$179	$191	$205	$222	$241
10.8%	$159	$168	$179	$191	$205

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E18.1

P25 n/aP50 n/aP75 n/a

Trailing P/E20.6

P25 n/aP50 n/aP75 n/a

ROE78.9

P25 n/aP50 n/aP75 n/a

ROIC62.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All ADP indicators

Market & fundamental data

Available fields

293

Groups with data

Currency

USD

Showing 293 of 293 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000008670
Company name	Automatic Data Processing, Inc.
Country	United States
Country code	US
CUSIP number	053015103
Earnings date	2026-10-28
Earnings time	bmo
Employees	67,000
Employees change	3,000
Employees growth	4.69%
Enterprise value	$115.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	June
Founded	1949
In index	SP500, NASDAQ100
Industry	Software - Application
Is primary listing	Yes
Is SPAC	No
ISIN number	US0530151036
Last 10-K release date	2026-08-05
Last earnings date	2026-10-28
Last refreshed	2026-10-28
Last stock split date	1999-01-04
Last stock split type	Forward
Market cap	$113B
Market cap category	Large-Cap
Next earnings date	2027-01-27
Options	Yes
Price	$285.25
Price currency	USD
Sector	Technology
SIC code	7374
Stock price date	2026-10-28
Symbol	ADP
U.S. state	New Jersey
Website	https://www.adp.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	24.91x
Average P/E ratio (10Y)	28.62x
Average P/E ratio (3Y)	26.43x
Average P/E ratio (5Y)	28.2x
Earnings yield	3.96%
EV/Earnings	25.37x
EV/EBIT	19.28x
EV/EBITDA	17.53x
EV/FCF	21.88x
EV/Sales	5.16x
FCF / EV yield	4.57%
FCF yield	4.66%
Forward EV/Sales	4.87x
Forward P/E	22.75x
Forward P/S	4.78x
Graham number	57.16356
Graham upside	-79.89%
Industry forward P/E	19.47x
Industry P/E	71.8x
Lynch fair value	$123.08
Lynch upside	-56.7%
P/(FCF - SBC) ratio	22.54x
P/(OCF - SBC) ratio	21.66x
P/B ratio	22.77x
P/E ratio	25.28x
P/FCF ratio	21.46x
P/OCF ratio	20.66x
P/S ratio	5.06x
Price / tangible book value	727.04x
Price/EBITDA ratio	17.2x
Sector forward P/E	18.55x
Sector P/E	32.64x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	26.75%
EBITDA margin	29.42%
Effective tax rate	23%
FCF margin	23.57%
Gross margin	48.83%
Operating margin	26.75%
Pretax margin	26.4%
Profit margin	20.33%
Profit per employee	$67,548
Profitable quarters	135
Profitable years	35
Revenue per employee	$332,282
ROA	6.32%
ROA (5Y)	5.56%
ROCE	49.27%
ROE	78.94%
ROE (5Y)	81.8%
ROIC	62.8%
ROIC (5Y)	63.36%
SBC / revenue	1.13%
Tax / revenue	6.07%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	11.37%
EPS growth (Q)	13.66%
EPS growth (QoQ)	15.67%
EPS growth 10Y	12.94%
EPS growth 3Y	10.24%
EPS growth 5Y	12.29%
EPS growth quarters	21
EPS growth years	11
FCF growth	14.05%
FCF growth (Q)	0.45%
FCF growth (QoQ)	-55.85%
FCF growth 3Y	13.22%
FCF growth 5Y	15.41%
Gross profit growth	7.65%
Gross profit growth (Q)	7.8%
Gross profit growth 3Y	7.72%
Gross profit growth 5Y	9.39%
Net income growth	9.41%
Net income growth (Q)	11.08%
Net income growth (QoQ)	14.98%
Net income growth 3Y	9.02%
Net income growth 5Y	10.91%
Net income growth quarters	21
Net income growth years	11
OCF growth	14.55%
OCF growth (Q)	1.36%
OCF growth (QoQ)	-54.41%
OCF growth 10Y	9.91%
OCF growth 3Y	12.61%
OCF growth 5Y	14.8%
Operating income growth	8.23%
Operating income growth (Q)	9.16%
Operating income growth 3Y	8.59%
Operating income growth 5Y	11.25%
Revenue growth	6.5%
Revenue growth (Q)	6.1%
Revenue growth (QoQ)	0.31%
Revenue growth 10Y	6.49%
Revenue growth 3Y	6.73%
Revenue growth 5Y	7.7%
Revenue growth quarters	23
Revenue growth years	13

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-202.6M
Depreciation and amortization	$594.2M
EBIT	$6B
EBITDA	$6.5B
EPS	$11.28
FCF per share	$13.24
Financing cash flow	$5B
Free cash flow	$5.2B
Free cash flow minus SBC	$5B
Gross profit	$10.9B
Income taxes	$1.4B
Investing cash flow	$-3.7B
Net borrowing	$-4.3B
Net cash flow	$6.7B
Net income	$4.5B
Operating cash flow minus SBC	$5.2B
Operating income	$6B
Revenue	$22.3B
Stock-based compensation	$251.1M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$12.87
Debt / EBITDA	0.82
Debt / equity	1.07
Debt / FCF	1.04
Goodwill	$3.3B
Interest coverage	12.62
Long-term assets	$10.6B
Long-term liabilities	$7B
Net cash (debt)	$-2.2B
Net cash / market cap	-1.95%
Net debt / EBITDA	0.34
Net debt / equity	0.43
Net debt / FCF	0.42
Piotroski F-Score	5
Property, plant and equipment	$1B
Shareholders' equity	$5.1B
Tangible book value	$154.9M
Tangible book value per share	$0.39
Total assets	$63.5B
Total cash	$3.3B
Total debt	$5.5B
Total liabilities	$58.4B
WACC	8.77%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.38
Current assets	$52.8B
Current liabilities	$51.4B
Current ratio	1.03
Net working capital	$-1.6B
Quick ratio	0.13
Working capital	$1.5B
Working capital turnover	11.94

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.71%
Dividend growth	10.39%
Dividend growth (10Y)	12.36%
Dividend growth (3Y)	10.79%
Dividend growth (5Y)	12.82%
Dividend growth years	51
Dividend payment date	2026-10-01
Dividend payment years	53
Dividend payout frequency	Quarterly
Dividend per share	$6.80
Dividend yield	2.38%
Ex-dividend date	2026-09-11
FCF payout ratio	51.38%
Last dividend	$1.70
Payout ratio	62.16%
Shareholder yield	4.1%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	228.72%
10Y return CAGR	15.14%
10Y total return	309.25%
150-day SMA	$244.43
15Y price change	439.83%
15Y return CAGR	15.52%
15Y total return	771.1%
1D price change	-2.68%
1M price change	8.04%
1M total return	8.04%
1W price change	-2.69%
1W total return	-2.69%
1Y price change	1.55%
1Y return CAGR	4.5%
1Y total return	4.49%
20-day SMA	$281.00
200-day SMA	$240.05
20Y price change	497.71%
20Y return CAGR	13.41%
20Y total return	1,139.5%
3M price change	11.72%
3M total return	12.44%
3Y price change	32.6%
3Y return CAGR	12.52%
3Y total return	42.47%
50-day SMA	$276.78
50-day SMA vs 200-day SMA	50over200
52-week high	$309.40
52-week high date	2026-10-23
52-week low	$188.16
52-week low date	2026-04-10
5Y price change	28.35%
5Y return CAGR	7.49%
5Y total return	43.5%
6M price change	44.44%
6M total return	46.46%
After-hours change	1.37%
After-hours close	$285.25
After-hours price	$289.16
All-time high	$329.93
All-time high date	2025-06-06
All-time low	$0.23
All-time low date	1968-03-05
Average true range (ATR)	$6.88
Average volume	1.9M
Beta (1Y)	0.25
Beta (2Y)	0.5
Beta (5Y)	0.84
Change from 52-week high	-7.81%
Change from 52-week low	51.6%
Change from all-time high	-13.66%
Change from all-time low	126,340.3%
Change from open	-1.32%
Day's gap	-1.38%
Dollar volume	$545.1M
High price	$289.32
Low price	$283.04
Monthly RSI	56.13
Open price	$289.06
Position in 52-week range	35.19%
Premarket change	-1.77%
Premarket close	$293.11
Premarket price	$287.91
Premarket volume	1.7K
Previous close	$293.11
Price vs 150-day SMA	16.55%
Price vs 20-day SMA	1.38%
Price vs 200-day SMA	18.67%
Price vs 50-day SMA	2.92%
Relative volume	1.03
RSI	52.24
Sharpe ratio	0.16
Sharpe ratio (3Y)	0.29
Sharpe ratio (5Y)	0.29
Sortino ratio	0.44
Sortino ratio (3Y)	0.66
Sortino ratio (5Y)	0.66
Volume	1.9M
Weekly RSI	58.95
YTD price change	10.75%
YTD total return	13.23%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	395.4M
Float percentage	99.78%
Shares change (QoQ)	-0.53%
Shares change (YoY)	-1.71%
Shares held by insiders	0.08%
Shares held by institutions	90.95%
Shares outstanding	396.3M
Short % of float	2.77%
Short % of shares	2.76%
Short ratio	4.9 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	366

Deeper analysis on ADP

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this ADP report

What is the latest published ADP stock rating?

Automatic Data Processing, Inc. is shown with Hold in the latest published report, analyzed 2026-05-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full ADP analysis?

The full latest published report, analyzed 2026-05-20, lives at /stocks/ADP/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for ADP?

The latest published report analyzed 2026-05-20 gives ADP a fair value of USD 241 and a potential value of USD 305. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the ADP page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldADP · Fair value $241+9.2%

Read full analysis →

Automatic Data Processing, Inc. (ADP)

Our latest published analysis: ADP rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · ADP

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All ADP indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on ADP

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	6.0
Management	7.7
Balance Sheet	6.0
Profitability	7.5
Revenue Growth	6.0
Risk Assessment	6.5
Competitive Moat	9.0
Earnings Quality	8.0
Capital Efficiency	6.5