ADP Q2 2024 Earnings — Automatic Data Processing, Inc. Revenue & Financial Results | Market Cap Arena

ADPAutomatic Data Processing, Inc.

$88B

Q2 2024 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$4.7B+6.3% YoY

Gross Profit

$2.3B49.6% margin

Operating Income

$1.2B25.4% margin

Net Income

$878M18.8% margin

EPS (Diluted)

$2.13

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$899M

Stock-Based Comp.

$74M

Balance Sheet

Total Assets

$57.1B

Total Liabilities

$52.7B

Stockholders' Equity

$4.3B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.7B	$4.4B	+6.3%
Gross Profit	$2.3B	$2.1B	+9.2%
Operating Income	$1.2B	$1.1B	+9.2%
Net Income	$878M	$813M	+8.0%

Revenue Segments

HCM

$2.0B42%

Professional Employee Organization Services Segment

$971M21%

HRO

$889M19%

Global

$608M13%

Interest on Funds Held for Clients

$225M5%