Automatic Data Processing (ADP) Revenue — Quarter Ended Mar 31, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth rate accelerated relative to the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth rate accelerated relative to the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.3B
Revenue reported for this quarter.
Quarter-over-quarter
+12.5%
Change from the immediately preceding quarter.
Year-over-year
+6.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.9B
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 |
|---|---|---|
| Jun 30, 2023 | $4.5B | +8.5% |
| Sep 30, 2023 | $4.5B | +7.0% |
| Dec 31, 2023 | $4.7B | +6.3% |
| Mar 31, 2024 | $5.3B | +6.6% |
Revenue performance
The reported revenue rose from the prior quarter, continuing an upward trend. The year-over-year comparison also showed an increase.
Quarterly comparison
Compared with the immediately preceding quarter, revenue grew at a faster pace. Versus the same quarter one year earlier, revenue was also higher.
What to watch
The filing context does not provide specific risk or management commentary for this quarter.