ADP Q2 2023 Earnings — Automatic Data Processing, Inc. Revenue & Financial Results | Market Cap Arena

ADPAutomatic Data Processing, Inc.

$88B

Q2 2023 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$4.4B+9.1% YoY

Gross Profit

$2.1B48.3% margin

Operating Income

$1.1B24.7% margin

Net Income

$813M18.5% margin

EPS (Diluted)

$1.95

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$900M

Free Cash Flow

$758M

Stock-Based Comp.

$58M

Balance Sheet

Total Assets

$54.5B

Total Liabilities

$51.5B

Stockholders' Equity

$3.0B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.4B	$4.0B	+9.1%
Gross Profit	$2.1B	$1.9B	+14.1%
Operating Income	$1.1B	$902M	+20.3%
Net Income	$813M	$694M	+17.1%

Revenue Segments

HCM

$1.9B42%

Professional Employee Organization Services Segment

$944M22%

HRO

$854M19%

Global

$544M12%

Interest on Funds Held for Clients

$187M4%