ADP Q4 2023 Earnings — Automatic Data Processing, Inc. Revenue & Financial Results | Market Cap Arena

ADPAutomatic Data Processing, Inc.

$88B

Q4 2023 Earnings

Industrials Staffing & Employment Services

Income Statement

Revenue

$4.5B+8.5% YoY

Gross Profit

$2.2B48.9% margin

Operating Income

$1.0B23.2% margin

Net Income

$777M17.3% margin

EPS (Diluted)

$1.87

QoQ Revenue Growth

-9.1%

Cash Flow

Operating Cash Flow

$1.2B

Free Cash Flow

$1.0B

Stock-Based Comp.

$44M

Balance Sheet

Total Assets

$51.0B

Total Liabilities

$47.5B

Stockholders' Equity

$3.5B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.5B	$4.1B	+8.5%
Gross Profit	$2.2B	$1.9B	+13.5%
Operating Income	$1.0B	$828M	+25.4%
Net Income	$777M	$625M	+24.2%

Revenue Segments

HCM

$1.9B42%

Professional Employee Organization Services Segment

$955M21%

HRO

$800M18%

Global

$608M14%

Interest on Funds Held for Clients

$236M5%