Financials Automatic Data Processing, Inc.

Equities

ADP

US0530151036

IT Services & Consulting

Market Closed - Nasdaq Other stock markets 02:30:00 11/02/2026 am IST			5-day change	1st Jan Change
225.53 ^USD	-0.48%		-8.90%	-12.32%

10/02	US Equity Indexes Futures Mixed Early Tuesday Ahead of Retail Sales, ADP Jobs, NFIB Small Business Optimism	MT
09/02	Stifel Adjusts Price Target on Automatic Data Processing to $270 From $280, Maintains Hold Rating	MT

Projected Income Statement: Automatic Data Processing, Inc.

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	15,005	16,498	18,012	19,203	20,561	21,798	23,047	24,407
Change	-	9.95%	9.18%	6.61%	7.07%	6.02%	5.73%	5.9%
EBITDA ¹	3,787	4,282	4,919	5,452	5,898	6,360	6,872	7,374
Change	-	13.08%	14.87%	10.83%	8.18%	7.83%	8.05%	7.32%
EBIT ¹	3,384	3,872	4,468	4,890	5,347	5,819	6,291	6,739
Change	-	14.41%	15.4%	9.45%	9.35%	8.82%	8.12%	7.12%
Interest Paid ¹	-59.7	-81.9	-253.3	-361.4	-455.9	-464.1	-449.8	-461
Earnings before Tax (EBT) ¹	3,361	3,804	4,438	4,872	5,310	5,761	6,234	6,677
Change	-	13.18%	16.65%	9.8%	8.99%	8.49%	8.21%	7.1%
Net income ¹	2,598	2,949	3,412	3,752	4,080	4,441	4,781	5,116
Change	-	13.48%	15.7%	9.96%	8.73%	8.85%	7.67%	7.01%
Announcement Date	28/07/21	27/07/22	26/07/23	31/07/24	30/07/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	4,102	3,737	3,832	4,025	4,513	4,128	4,216	4,391	4,928	4,478	4,512	4,668	5,254	4,768	4,833	5,048	5,553	5,127	5,175	5,359	5,850	5,409	5,475	5,702	6,161	5,711	5,816	6,102
Change	-	-8.9%	2.55%	5.04%	12.11%	-8.54%	2.13%	4.16%	12.23%	-9.13%	0.77%	3.45%	12.55%	-9.24%	1.35%	4.46%	10%	-7.68%	0.94%	3.56%	9.15%	-7.53%	1.22%	4.14%	8.05%	-7.31%	1.84%	4.9%
EBITDA ¹	1,177	777.7	1,018	1,082	1,310	923.2	1,127	1,232	1,488	1,124	1,215	1,267	1,658	1,247	1,388	1,427	1,755	1,328	1,456	1,524	1,896	1,480	1,611	1,681	2,045	1,583	1,712	1,789
Change	-	-33.94%	30.92%	6.31%	21.06%	-29.55%	22.06%	9.28%	20.8%	-24.47%	8.09%	4.29%	30.87%	-24.8%	11.31%	2.82%	23.04%	-24.34%	9.63%	4.69%	24.36%	-21.95%	8.87%	4.33%	21.64%	-22.58%	8.13%	4.5%
EBIT ¹	1,077	678.2	915.2	929.8	1,208	818.7	1,018	1,069	1,372	1,009	1,093	1,147	1,539	1,111	1,232	1,272	1,630	1,213	1,318	1,393	1,742	1,347	1,454	1,535	1,827	1,457	1,554	1,662
Change	-	-37.04%	34.95%	1.6%	29.92%	-32.23%	24.28%	5.06%	28.37%	-26.45%	8.32%	4.92%	34.14%	-27.8%	10.95%	3.2%	28.12%	-25.58%	8.69%	5.65%	25.08%	-22.66%	7.94%	5.59%	19.02%	-20.26%	6.65%	6.92%
Charge d'intérêts ¹	-13.5	-17.2	-18.5	-18.4	-18.4	-26.6	-51.2	-57	-38.3	-106.9	-91.6	-104.9	-62.7	-102.1	-137.8	-129.6	-74.8	-113.7	-135.4	-124.1	-84.93	-111.1	-121.2	-116.2	-85.25	-109.4	-121.9	-118.1
Earnings before Tax (EBT) ¹	1,066	697.1	900.8	910.1	1,190	803.3	1,010	1,058	1,364	1,006	1,093	1,144	1,546	1,089	1,236	1,261	1,622	1,191	1,308	1,383	1,740	1,340	1,452	1,522	1,835	1,463	1,554	1,641
Change	-	-34.62%	29.22%	1.03%	30.74%	-32.49%	25.73%	4.76%	28.91%	-26.28%	8.68%	4.67%	35.19%	-29.55%	13.48%	2.03%	28.59%	-26.59%	9.82%	5.79%	25.8%	-22.99%	8.34%	4.85%	20.56%	-20.29%	6.24%	5.59%
Net income ¹	810.7	538.2	700.5	694.4	928.5	625.4	779	813.1	1,043	776.7	859.4	878.4	1,185	829.3	956.3	963.2	1,250	910.6	1,013	1,062	1,333	1,038	1,115	1,177	1,402	1,123	1,189	1,269
Change	-	-33.61%	30.16%	-0.87%	33.71%	-32.64%	24.56%	4.38%	28.29%	-25.54%	10.65%	2.21%	34.89%	-30.01%	15.31%	0.72%	29.72%	-27.12%	11.25%	4.84%	25.49%	-22.1%	7.36%	5.64%	19.1%	-19.91%	5.9%	6.67%
Announcement Date	28/04/21	28/07/21	27/10/21	26/01/22	27/04/22	27/07/22	26/10/22	25/01/23	26/04/23	26/07/23	25/10/23	31/01/24	01/05/24	31/07/24	30/10/24	29/01/25	30/04/25	30/07/25	29/10/25	28/01/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Automatic Data Processing, Inc.

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	410	1,551	906	77.9	627	-13,137	-20,853	-29,931
Change	-	278.29%	-41.59%	-91.4%	704.88%	-2,195.55%	-58.73%	-43.53%
Announcement Date	28/07/21	27/07/22	26/07/23	31/07/24	30/07/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Automatic Data Processing, Inc.

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	178.6	174.4	206.3	208.4	168.7	151	204.1	234.5
Change	-	-2.35%	18.29%	1.02%	-19.05%	-10.52%	35.19%	14.91%
Free Cash Flow (FCF) ¹	2,915	2,925	4,001	3,949	4,771	5,208	5,698	6,413
Change	-	0.36%	36.79%	-1.3%	20.81%	9.15%	9.41%	12.55%
Announcement Date	28/07/21	27/07/22	26/07/23	31/07/24	30/07/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Automatic Data Processing, Inc.

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	25.24%	25.96%	27.31%	28.39%	28.69%	29.18%	29.82%	30.21%
EBIT Margin (%)	22.55%	23.47%	24.8%	25.47%	26.01%	26.69%	27.3%	27.61%
EBT Margin (%)	22.4%	23.06%	24.64%	25.37%	25.83%	26.43%	27.05%	27.36%
Net margin (%)	17.32%	17.87%	18.94%	19.54%	19.84%	20.37%	20.74%	20.96%
FCF margin (%)	19.42%	17.73%	22.21%	20.57%	23.2%	23.89%	24.72%	26.27%
FCF / Net Income (%)	112.17%	99.19%	117.27%	105.26%	116.94%	117.28%	119.17%	125.35%
Profitability
ROA	5.91%	5.27%	6%	7.19%	7.57%	7.29%	6.96%	6.7%
ROE	45.5%	66.3%	101.55%	93.95%	76%	66.1%	60.65%	55.91%
Financial Health
Leverage (Debt/EBITDA)	0.11x	0.36x	0.18x	0.01x	0.11x	-	-	-
Debt / Free cash flow	0.14x	0.53x	0.23x	0.02x	0.13x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.19%	1.06%	1.15%	1.09%	0.82%	0.69%	0.89%	0.96%
CAPEX / EBITDA (%)	4.72%	4.07%	4.19%	3.82%	2.86%	2.37%	2.97%	3.18%
CAPEX / FCF (%)	6.13%	5.96%	5.16%	5.28%	3.54%	2.9%	3.58%	3.66%
Items per share
Cash flow per share ¹	7.226	7.36	10.12	10.09	-	12.74	13.76	-
Change	-	1.86%	37.51%	-0.35%	-	-	8.01%	-
Dividend per Share ¹	3.7	4.05	4.79	5.45	6.02	6.461	6.921	7.434
Change	-	9.46%	18.27%	13.78%	10.46%	7.32%	7.12%	7.41%
Book Value Per Share ¹	13.38	7.751	8.515	11.14	15.27	18.01	22.09	26.8
Change	-	-42.08%	9.86%	30.86%	37.01%	17.95%	22.64%	21.34%
EPS ¹	6.07	7	8.21	9.1	9.98	10.98	11.95	12.94
Change	-	15.32%	17.29%	10.84%	9.67%	10%	8.87%	8.25%
Nbr of stocks (in thousands)	4,25,518	4,17,747	4,13,123	4,09,291	4,05,923	4,02,644	4,02,644	4,02,644
Announcement Date	28/07/21	27/07/22	26/07/23	31/07/24	30/07/25	-	-	-