Automatic Data Processing (ADP) FY2025 results: revenue $20.6 billion, up 7.1% on the year
Automatic Data Processing Inc. (ADP) reported revenue of $20.6 billion for fiscal 2025, the year ended 30 June 2025, up 7.1% on the year before. Net income was $4.1 billion, up 8.7%, and diluted earnings per share $9.98. The figures are the company's own, from the 10-K it filed with the SEC on 6 August 2025.
Revenue
$20.6 billion
+7.1% on the year
FY2018FY2025
Operating margin
24.1%
23.9% a year earlier
FY2018FY2025
Net income
$4.1 billion
+8.7% on the year
FY2018FY2025
Diluted EPS
$9.98
+9.7% on the year
FY2018FY2025
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
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
4,940
4,158
4,208
+18.8%
Capital expenditure
169
208
206
-19.0%
Free cash flow
4,771
3,949
4,001
+20.8%
Free cash flow margin
23.2%
20.6%
22.2%
Cash from investing
-3,035
-1,389
-2,517
Cash from financing
-6,973
-1,432
-15,681
Depreciation and amortisation
582
562
549
+3.6%
Share-based compensation
266
244
220
+9.3%
Buybacks
1,280
1,232
1,121
+4.0%
Dividends paid
2,399
2,183
1,904
+9.9%
Dividend per share
$6.02
$5.45
$4.79
+10.5%
Diluted shares, weighted
409m
412m
416m
-0.8%
Shares outstanding at period end
405m
408m
412m
-0.7%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
6,188
4,548
3,509
+36.1%
Debt
8,783
3,377
3,094
+160.1%
Operating lease liabilities
321
329
350
-2.3%
Other liabilities
38,078
46,110
44,018
-17.4%
Total liabilities and equity
53,369
54,363
50,971
-1.8%
Fixed assets
655
686
681
-4.4%
Goodwill
3,274
2,354
2,339
+39.1%
Intangible assets
1,603
1,336
1,344
+20.0%
Investments
4,499
384
119
+1,071.6%
Cash and equivalents
3,348
2,913
2,084
+14.9%
Receivables
3,579
3,428
3,010
+4.4%
Other assets
36,412
43,262
41,394
-15.8%
Total assets
53,369
54,363
50,971
-1.8%
10-K for the year ended 30 June 2025, filed 6 August 2025: the filing.