Automatic Data Processing (ADP) 10-K Summary — Year Ended Jun 30, 2025
Automatic Data Processing provides cloud-based human capital management and payroll solutions. The company reported higher revenue and net income for the latest annual period, supported by solid cash flow from operations.
Key takeaway
Year ended Jun 30, 2025 · FY2025 10-K
Automatic Data Processing provides cloud-based human capital management and payroll solutions. The company reported higher revenue and net income for the latest annual period, supported by solid cash flow from operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$20.6B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$4.1B
Net income reported for the year.
Operating cash flow
$4.9B
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, 2022 | $16.5B | +9.9% |
| Jun 30, 2023 | $18B | +9.2% |
| Jun 30, 2024 | $19.2B | +6.6% |
| Jun 30, 2025 | $20.6B | +7.1% |
Business overview
Automatic Data Processing delivers human resources, payroll, benefits administration, and workforce management services through cloud technology. The company serves businesses of varying sizes globally, integrating data processing and compliance solutions. Its business overview also highlights cybersecurity and risk factor disclosures as key parts of its operations.
Financial performance
Revenue has trended upward over recent annual periods. Net income for the latest annual period was reported alongside operating cash flow that supports ongoing investment and shareholder returns.
Material risks
Material risks include reliance on client funds extended investment strategy, which exposes the company to market fluctuations. Cybersecurity threat is flagged as a risk factor, alongside potential impacts from unresolved staff comments and general economic conditions.
Liquidity and capital
The company holds sufficient cash and committed credit facilities to meet operating, investing, and financing needs, including dividends and share repurchases. It also accesses commercial paper and reverse repurchase agreements for client fund liquidity.
What to watch
Monitor whether the client funds extended investment strategy leads to any material changes in market risk disclosures.