Automatic Data Processing Inc (OQ:ADP)

Sector:  Technology Industry:  IT Services & Consulting
See Regulatory Filings on SEC
Company Contact
Address: One Adp Boulvard
ROSELAND NJ 07068-1728
Tel: N/A
IR: See website
Key People
Maria Black
President, Chief Executive Officer, Director
Chris D'ambrosio
Chief Strategy Officer
Don Mcguire
Chief Financial Officer
Joseph DeSilva
President - Global Sales
Sreeni Kutam
President - Global Product and Innovation
John C. Ayala
Chief Operating Officer
Paul Boland
Chief Human Resource Officer
Brock Albinson
Corporate Controller, Principal Accounting Officer
Michael A. Bonarti
Chief Administrative Officer
David Kwon
Corporate Vice President, General Counsel, Chief Legal Officer
Business Overview
Automatic Data Processing, Inc. (ADP) is a global technology company engaged in providing cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration. Its segments include Employer Services and Professional Employer Organization (PEO). Its Employer Services segment serves clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of technology-based HCM solutions, including its cloud-based platforms, and human resource outsourcing (HRO) solutions (other than PEO) solutions. Its offerings include Payroll Services, Benefits Administration, Talent Management, HR Management, Workforce Management, Compliance Services, Insurance Services and Retirement Services. Its PEO business, called ADP TotalSource, provides clients with employment administration outsourcing solutions. ADP serves over one million clients in 140 countries and territories.
Financial Overview
For the six months ended 31 December 2023, Automatic Data Processing Inc revenues increased 7% to $9.18B. Net income increased 9% to $1.74B. Revenues reflect Employer Services segment increase of 9% to $6.17B, PEO Service segment increase of 3% to $3.02B. Net income benefited from Interest income on corporate funds increase of 76% to $103.4M (income), Gain on sale of assets increase from $0K to $16M (income).
Employees: 63,000 as of Jun 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $106,435M as of Dec 31, 2023
Annual revenue (TTM): $18,586M as of Dec 31, 2023
EBITDA (TTM): $5,276M as of Dec 31, 2023
Net annual income (TTM): $3,558M as of Dec 31, 2023
Free cash flow (TTM): $1,321M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,326M as of Dec 31, 2023
Shares outstanding: 410,790,567 as of Jan 29, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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