Automatic Data Processing (ADP) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter decreased compared to the prior quarter but increased compared to the same quarter a year ago.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q4
Revenue for the quarter decreased compared to the prior quarter but increased compared to the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.8B
Revenue reported for this quarter.
Quarter-over-quarter
-9.2%
Change from the immediately preceding quarter.
Year-over-year
+6.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.2B
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 |
|---|---|---|
| Sep 30, 2023 | $4.5B | +7.0% |
| Dec 31, 2023 | $4.7B | +6.3% |
| Mar 31, 2024 | $5.3B | +6.6% |
| Jun 30, 2024 | $4.8B | +6.5% |
Revenue performance
The sequential decline in revenue was observed against the preceding quarter.
Quarterly comparison
Compared to the same period last year, revenue growth continued, consistent with the positive year-over-year performance throughout the fiscal year.
What to watch
Watch for updates on the company's client funds extended investment strategy and associated risk factors.