ADP Q3 2023 Earnings — Automatic Data Processing, Inc. Revenue & Financial Results | Market Cap Arena

ADPAutomatic Data Processing, Inc.

$86B

Q3 2023 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$4.9B+9.2% YoY

Gross Profit

$2.5B50.5% margin

Operating Income

$1.4B27.7% margin

Net Income

$1.0B21.2% margin

EPS (Diluted)

$2.51

QoQ Revenue Growth

+12.2%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$1.2B

Stock-Based Comp.

$68M

Balance Sheet

Total Assets

$59.9B

Total Liabilities

$56.2B

Stockholders' Equity

$3.7B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.9B	$4.5B	+9.2%
Gross Profit	$2.5B	$2.2B	+14.7%
Operating Income	$1.4B	$1.2B	+15.4%
Net Income	$1.0B	$929M	+12.3%

Revenue Segments

HCM

$2.2B44%

Professional Employee Organization Services Segment

$956M19%

HRO

$955M19%

Global

$603M12%

Interest on Funds Held for Clients

$249M5%