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Automatic Data Processing (ADP) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Oct 30, 2026 · Automatic Data Processing (ADP) Q1 FY27 earnings results →

Q1 FY27 Revenue up 6% year over year to $5.5B · 20¢ of every $1 of revenue kept as net profit · operating margin 23.9%

Automatic Data Processing made $5.5B in Q1 FY27 (+6% Y/Y): HCM $2.3B, PEO zero-margin benefits pass-throughs $1.2B, HRO, excluding PEO zero-margin benefits pass-throughs $953M. Operating margin 23.9%, net earnings $1.1B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$5.5B
Year over year+6%
Operating margin23.9%
Net earnings$1.1B
Operating cash flow$651M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Automatic Data Processing Q1 FY27 revenue breakdown: Sankey diagram of revenue (HCM, PEO zero-margin benefits pass-throughs, HRO, excluding PEO zero-margin benefits pass-throughs, Global), costs, profit and cash flow
Automatic Data Processing Q1 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $5.5B in Q1 FY27, up 6% year over year and roughly flat from the previous quarter. HCM was the largest line at 41% of revenue. HCM added $0.10B year over year (up 5%), 32% of the total change.

Operating profit was $1.3B, a 23.9% margin (up 0.8 points year over year). Of the extra revenue versus Q1 FY26, 37% reached operating profit, above the 23% margin then. Total costs grew 5% against revenue growth of 6%. Net earnings were $1.1B, up 11% year over year. The effective tax rate was 22.7%.

Operating cash flow was $0.65B (up 1% year over year), 58% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.70B. Capital expenditures of $0.05B left free cash flow of $0.60B.

Quarterly history

Automatic Data Processing revenue by quarterAutomatic Data Processing revenue by quarter$5.6BQ3 FY25$5.1BQ4 FY25$5.2BQ1 FY26$5.4BQ2 FY26$5.9BQ3 FY26$5.5BQ4 FY26$5.5BQ1 FY27
Automatic Data Processing net earnings by quarterAutomatic Data Processing net earnings by quarter$1.2BQ3 FY25$911MQ4 FY25$1.0BQ1 FY26$1.1BQ2 FY26$1.4BQ3 FY26$979MQ4 FY26$1.1BQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QOct 30, 2026$5.5B+6%23.9%$1.1B$651M
Q4 FY2610-KAug 5, 2026$5.5B+7%20.8%$979M$1.4B
Q3 FY2610-QApr 30, 2026$5.9B+7%28.7%$1.4B$2.2B
Q2 FY2610-QJan 29, 2026$5.4B+6%23.8%$1.1B$1.1B
Q1 FY2610-QOct 31, 2025$5.2B+7%23.1%$1.0B$642M
Q4 FY2510-KAug 6, 2025$5.1B+8%21.3%$911M$1.4B
Q3 FY2510-QMay 1, 2025$5.6B+6%28.1%$1.2B$1.5B

Charts

Automatic Data Processing: revenue growth, year over year and quarter over quarterAutomatic Data Processing: revenue growth, year over year and quarter over quarterY/YQ/Q+6%Q3 FY25+8%-8%Q4 FY25+7%+1%Q1 FY26+6%+4%Q2 FY26+7%+11%Q3 FY26+7%-8%Q4 FY26+6%+0%Q1 FY27
Latest (Q1 FY27): Y/Y +6%, Q/Q +0%.
Automatic Data Processing: where the cash came from (+) and went (−), TTM to Q1 FY27Automatic Data Processing: where the cash came from (+) and went (−), TTM to Q1 FY27Other financing$15.4BCash drawn (+) / kept (−)−$6.7BOperating cash flow$5.4BNet borrowing (+) / repaid (−)−$5.2BOther investing−$3.5BDividends−$2.7BBuybacks−$2.5BCapital spending−$203MExchange rates−$24.5M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Automatic Data Processing: profit against cash, quarter by quarterAutomatic Data Processing: profit against cash, quarter by quarterNet incomeOperating cash flow$963M$1.2BQ2 FY25$1.2B$1.5BQ3 FY25$911M$1.4BQ4 FY25$1.0B$642MQ1 FY26$1.1B$1.1BQ2 FY26$1.4B$2.2BQ3 FY26$979M$1.4BQ4 FY26$1.1B$651MQ1 FY27
Latest (Q1 FY27): Net income $1.1B, Operating cash flow $651M.
Automatic Data Processing: diluted shares by fiscal yearAutomatic Data Processing: diluted shares by fiscal year428MFY21421MFY22416MFY23412MFY24409MFY25403MFY26
-5.8% since FY21: buybacks shrank the count.
Automatic Data Processing in its industry: growth against margin (65 companies, SIC 7374)Automatic Data Processing in its industry: growth against margin (65 companies, SIC 7374)revenue growth, year over year →↑ operating marginmedian +9%median -8%DXCWDAYTOSTRDDTVRSKRNGPLTKCLVTFAPEGAAPLDFIVNTASKEVTCCARGNRDSHNGELFTORAMPGDRXLZEGHTUPWKCARSIBEXSSTKLIFYEXTTCXINODOOMAHAWKGLOOBRUNFIRYVERIBIRDINFQNXTTQMLSTRAKMOVEQBTSSHAZDTCXSDCHONFOBHICKWIKSEQCPHUNWORXONEICASTDTSTHTCRPWDYPVITMYX Inc.NTCSSTWIRADCCRCWHNITADP (+6%, 24%)
Services-Computer Processing & Data Preparation; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Automatic Data Processing

In 1949, our founders established ADP with a simple, innovative idea: help clients focus on their business by solving their payroll challenges. In the 77 years since, we have led the Human Capital Management (“HCM”) industry in innovation. We were the first in HCM to deliver automation, move to the cloud, provide a mobile app, and create an online marketplace. Today, we continue that legacy with artificial intelligence (“AI”), building AI into the very core of how we orchestrate, govern and execute HR and pay processes for real-world outcomes.

In its own words, from its 10-K, filed Aug 5, 2026.

Automatic Data Processing against its Services-Computer Processing & Data Preparation peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +6%. Operating margin: 23.9% against the peers' median 11.8%.

CompanyQuarterRevenueY/YOp. margin
ADP Automatic Data ProcessingQ1 FY27$5.5B+6%23.9%
DXC DXC TechnologyQ2 FY27$3.0B-4%6.2%
WDAY WorkdayQ2 FY27$2.6B+13%11.8%
TOST ToastQ3 2026$2.0B+21%8.3%
RDDT RedditQ3 2026$895M+53%29.2%
VRSK Verisk AnalyticsQ3 2026$809M+5%45.2%
RNG RingCentralQ3 2026$676M+6%8.0%
PLTK Playtika HoldingQ3 2026$674M-0.1%17.2%
CLVT ClarivateQ3 2026$482M-9%8.3%

Source: Automatic Data Processing 10-Q on SEC EDGAR · CIK 8670 · Services-Computer Processing & Data Preparation

Guidance and outlook

Automatic Data Processing GAAP tax rate: guidance against what was reportedAutomatic Data Processing GAAP tax rate: guidance against what was reportedguided rangereported (above / within / below)FY24FY2623.0%
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Automatic Data Processing: what its forward-looking statements are about (10-Q filed 2026-10-30)Automatic Data Processing: what its forward-looking statements are about (10-Q filed 2026-10-30)Other1Buybacks & dividends1Capital spending1
3 statements; tone -0.33 (−1 all cautious, +1 all confident); 0 hedged.
Automatic Data Processing: outlook statements against the filing beforeAutomatic Data Processing: outlook statements against the filing beforeCautious1

13F: who owns ADP and who is buying

Largest holders of ADP (13F)Largest holders of ADP (13F)Vanguard Group$10.7BBlackRock$8.1BVanguard Capital Management LLC$5.8BState Street$4.6BInvesco$3.0BCharles Schwab Investment Managem…$2.9BGeode Capital Management, LLC$2.7BVanguard Portfolio Management LLC$2.4BFirst Eagle Investment Management…$2.3BWellington Management Group LLP$2.2B
Funds' net buying of ADP by quarter (13F)Funds' net buying of ADP by quarter (13F)−$910M2024-09−$645M2024-12−$761M2025-03$436M2025-06$755M2025-09$1.2B2025-12$2.6B2026-03$1.7B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ADP

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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中文版：自动数据处理（ADP）财报

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