ADP Q1 2023 Earnings — Automatic Data Processing, Inc. Revenue & Financial Results | Market Cap Arena

ADPAutomatic Data Processing, Inc.

$88B

Q1 2023 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$4.2B+10.0% YoY

Gross Profit

$2.0B47.6% margin

Operating Income

$1.0B24.2% margin

Net Income

$779M18.5% margin

EPS (Diluted)

$1.87

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$718M

Free Cash Flow

$586M

Stock-Based Comp.

$51M

Balance Sheet

Total Assets

$46.4B

Total Liabilities

$43.8B

Stockholders' Equity

$2.6B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.2B	$3.8B	+10.0%
Gross Profit	$2.0B	$1.8B	+13.2%
Operating Income	$1.0B	$891M	+14.7%
Net Income	$779M	$701M	+11.2%

Revenue Segments

HCM

$1.8B43%

Professional Employee Organization Services Segment

$946M22%

HRO

$777M18%

Global

$541M13%

Interest on Funds Held for Clients

$141M3%