Automatic Data Processing (ADP) 10-K Summary — Year Ended Jun 30, 2024
The company filed its annual report for the most recent fiscal year. Revenue and net income both increased compared to the prior year.
Key takeaway
Year ended Jun 30, 2024 · FY2025 10-K
The company filed its annual report for the most recent fiscal year. Revenue and net income both increased compared to the prior year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$19.2B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$3.8B
Net income reported for the year.
Operating cash flow
$4.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2021 | $15B | n/a |
| Jun 30, 2022 | $16.5B | +9.9% |
| Jun 30, 2023 | $18B | +9.2% |
| Jun 30, 2024 | $19.2B | +6.6% |
Business overview
Automatic Data Processing, Inc. provides cloud-based human capital management and payroll solutions. The company serves businesses of all sizes globally. Its offerings include payroll, benefits administration, talent management, and workforce compliance services.
Financial performance
Revenue for the period increased from the previous year. Net income also rose compared to the prior period. Operating cash flow remained positive and supported the company's activities.
Material risks
The filing identifies risks related to cybersecurity threats and data breaches. The company also faces risks from changes in tax, employment, and privacy regulations. Economic downturns could reduce demand for its services.
Liquidity and capital
The company expects existing cash, cash flow from operations, and credit facilities to be adequate for its operating, investing, and financing needs. Capital allocation includes regular dividends and share repurchases.
What to watch
Monitor any changes in the company's revenue growth rate in the next filing.