ADP Q1 2024 Earnings — Automatic Data Processing, Inc. Revenue & Financial Results | Market Cap Arena

ADPAutomatic Data Processing, Inc.

$88B

Q1 2024 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$4.5B+7.0% YoY

Gross Profit

$2.2B49.0% margin

Operating Income

$1.1B24.7% margin

Net Income

$859M19.0% margin

EPS (Diluted)

$2.08

QoQ Revenue Growth

+0.8%

Cash Flow

Operating Cash Flow

$327M

Free Cash Flow

$200M

Stock-Based Comp.

$59M

Balance Sheet

Total Assets

$49.3B

Total Liabilities

$45.9B

Stockholders' Equity

$3.5B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.5B	$4.2B	+7.0%
Gross Profit	$2.2B	$2.0B	+10.3%
Operating Income	$1.1B	$1.0B	+9.3%
Net Income	$859M	$779M	+10.3%

Revenue Segments

HCM

$1.9B42%

Professional Employee Organization Services Segment

$977M22%

HRO

$812M18%

Global

$608M13%

Interest on Funds Held for Clients

$202M4%