Automatic Data Processing (ADP) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared with both the prior quarter and the same quarter one year earlier. This rise reflects higher contributions from the company's service lines during the period.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q2
Revenue for the quarter increased compared with both the prior quarter and the same quarter one year earlier. This rise reflects higher contributions from the company's service lines during the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
+3.4%
Change from the immediately preceding quarter.
Year-over-year
+6.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.6B
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 |
|---|---|---|
| Mar 31, 2023 | $4.9B | +9.2% |
| Jun 30, 2023 | $4.5B | +8.5% |
| Sep 30, 2023 | $4.5B | +7.0% |
| Dec 31, 2023 | $4.7B | +6.3% |
Revenue performance
Reported revenue for the current quarter was higher than the previous quarter, indicating sustained sequential growth.
Quarterly comparison
Compared with the same quarter one year earlier, revenue also increased. The filing context does not provide explanation for the direction of the change.
What to watch
Monitor whether revenue growth continues in upcoming quarters given the absence of stated causal factors.