AUTOMATIC DATA PROCESSING INC【ADP】Income statement

Market cap

$100B

P/E ratio

	2010/06	2011/06	2012/06	2013/06	2014/06	2015/06	2016/06	2017/06	2018/06	2019/06	2020/06	2021/06	2022/06	2023/06	2024/06	2025/06
Revenue	8,928	9,880	10,665	11,310	12,207	10,939	11,668	12,380	13,326	14,175	14,590	15,005	16,498	18,012	19,203	20,561
Revenue growth (%)	-
Cost of revenue	5,030	5,732	6,240	6,650	7,221	6,428	6,840	7,270	7,843	8,087	8,445	8,640	9,462	9,953	10,477	11,097
Research & development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	956	989
Selling, general & administrative	2,127	2,323	2,466	2,621	2,762	2,497	2,637	2,783	2,972	3,064	3,003	3,041	3,233	3,551	3,779	4,052
Operating expenses	7,166	8,063	8,714	9,322	10,005	8,931	9,534	10,133	10,917	11,281	11,555	11,741	12,777	13,758	14,617	15,605
Income before tax	1,863	1,933	2,122	2,084	2,275	2,071	2,235	2,531	2,171	3,006	3,183	3,361	3,804	4,438	4,872	5,310
Pretax margin (%)	20.9	19.6	19.9	18.4	18.6	18.9	19.2	20.4	16.3	21.2	21.8	22.4	23.1	24.6	25.4	25.8
Provision for income taxes	656	679	734	720	772	694	741	798	550	713	716	763	855	1,026	1,120	1,230
Effective tax rate (%)
Net income	1,211	1,254	1,389	1,406	1,516	1,453	1,493	1,733	1,621	2,293	2,467	2,599	2,949	3,412	3,752	4,080
Net income margin (%)
Earnings per share	2.42	2.54	2.85	2.91	3.17	3.07	3.27	3.87	3.68	5.27	5.73	6.1	7.04	8.25	9.14	10.02
Diluted EPS	2.4	2.52	2.82	2.89	3.14	3.05	3.25	3.85	3.66	5.24	5.7	6.07	7	8.21	9.1	9.98
Dividend payout ratio (%)
Dividend per share	1.35	1.42	1.55	1.7	1.88	1.95	2.08	2.24	2.52	3.06	3.52	3.7	4.05	4.79	5.45	6.02