Automatic Data Processing (ADP) FY2024 results: revenue $19.2 billion, up 6.6% on the year
Automatic Data Processing Inc. (ADP) reported revenue of $19.2 billion for fiscal 2024, the year ended 30 June 2024, up 6.6% on the year before. Net income was $3.8 billion, up 10.0%, and diluted earnings per share $9.10. The figures are the company's own, from the 10-K it filed with the SEC on 7 August 2024.
Revenue
$19.2 billion
+6.6% on the year
FY2017FY2024
Operating margin
23.9%
23.6% a year earlier
FY2017FY2024
Net income
$3.8 billion
+10.0% on the year
FY2017FY2024
Diluted EPS
$9.10
+10.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,158
4,208
3,100
-1.2%
Capital expenditure
208
206
174
+1.0%
Free cash flow
3,949
4,001
2,925
-1.3%
Free cash flow margin
20.6%
22.2%
17.7%
Cash from investing
-1,389
-2,517
-7,014
Cash from financing
-1,432
-15,681
13,653
Depreciation and amortisation
562
549
515
+2.3%
Share-based compensation
244
220
202
+10.5%
Buybacks
1,232
1,121
1,969
+9.8%
Dividends paid
2,183
1,904
1,659
+14.7%
Dividend per share
$5.45
$4.79
$4.05
+13.8%
Diluted shares, weighted
412m
416m
421m
-0.8%
Shares outstanding at period end
408m
412m
416m
-1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,548
3,509
3,225
+29.6%
Debt
3,377
3,094
3,124
+9.1%
Operating lease liabilities
329
350
371
-6.1%
Other liabilities
46,110
44,018
56,348
+4.8%
Total liabilities and equity
54,363
50,971
63,068
+6.7%
Fixed assets
686
681
653
+0.6%
Goodwill
2,354
2,339
2,300
+0.6%
Intangible assets
1,336
1,344
1,333
-0.6%
Investments
384
119
169
+221.9%
Cash and equivalents
2,913
2,084
1,436
+39.8%
Receivables
3,428
3,010
3,171
+13.9%
Other assets
43,262
41,394
54,006
+4.5%
Total assets
54,363
50,971
63,068
+6.7%
10-K for the year ended 30 June 2024, filed 7 August 2024: the filing.