Stock Analysis on Net

Automatic Data Processing Inc. (NASDAQ:ADP)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Analysis of Revenues

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Revenues as Reported

Automatic Data Processing Inc., income statement, revenues

US$ in thousands

Microsoft Excel
12 months ended: Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016
Employer Services
PEO Services
Other
Client Fund Interest
Reconciling Items
Revenues from continuing operations

Based on: 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30).


The annual revenue data indicates consistent growth in several key segments over the period from June 30, 2016, to June 30, 2021.

Employer Services

This segment shows a steady increase in revenue across the years, starting at approximately 9.21 billion USD in mid-2016 and reaching nearly 10.20 billion USD by mid-2021. The growth trend is relatively smooth, with a slight dip in 2019 that quickly recovered the following year, indicating resilience in this core service area.

PEO Services

Professional Employer Organization (PEO) Services revenues exhibit a strong upward trajectory throughout the timeframe analyzed. Beginning at about 3.07 billion USD in June 2016, revenues climbed steadily each year, surpassing 4.81 billion USD by June 2021. This represents a significant increase, reflecting either expansion in service offerings, increased market demand, or successful client acquisition strategies.

Other

The "Other" category consistently reports small negative values after 2016, indicating minor losses or adjustments. Although relatively insignificant in magnitude compared to other segments, these negative figures persist with slight fluctuations, hinting at occasional headwinds in ancillary or less critical revenue streams.

Client Fund Interest and Reconciling Items

Both these line items show identical negative values for the first three years, declining roughly by 619 million to 628 million USD, with no reported data for subsequent years. The mirroring figures suggest these may represent accounting adjustments or offsets related to client funds. The absence of data after 2018 could indicate a change in reporting or classification methods.

Revenues from Continuing Operations

Total revenues from continuing operations demonstrate a clear and consistent upward trend, advancing from approximately 11.67 billion USD in 2016 to over 15.00 billion USD by 2021. This growth reflects the combined positive performance of the Employer Services and PEO Services segments, partially offset by smaller negative adjustments as noted. The gradual increase in overall revenue is indicative of sustained business expansion and operational stability.