Automatic Data Processing (ADP) Revenue — Quarter Ended Sep 30, 2023
Total revenue increased compared with the same quarter one year earlier, continuing the trend of year-over-year growth. The sequential quarterly change was modestly positive, extending the pattern of stable performance.
Key takeaway
Quarter ended Sep 30, 2023 · FY2024 Q1
Total revenue increased compared with the same quarter one year earlier, continuing the trend of year-over-year growth. The sequential quarterly change was modestly positive, extending the pattern of stable performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
+7.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $4.4B | +9.1% |
| Mar 31, 2023 | $4.9B | +9.2% |
| Jun 30, 2023 | $4.5B | +8.5% |
| Sep 30, 2023 | $4.5B | +7.0% |
Revenue performance
Revenue rose from the level reported in the same period last year, maintaining the upward trajectory seen in recent quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was slightly higher. Compared with the same quarter one year earlier, the increase was more pronounced, consistent with the year-over-year growth pattern.
What to watch
Monitor whether the sequential growth rate maintains its current modest pace in upcoming quarters.