Stock Analysis on Net
Stock Analysis on Net

Automatic Data Processing Inc. (NASDAQ:ADP)

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

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Automatic Data Processing Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Revenues, other than interest on funds held for clients and PEO revenues 2,882,300 2,561,800 2,467,700 2,422,600 2,671,200 2,405,200 2,269,600 2,181,400 2,652,100 2,398,400 2,306,200 2,290,500 2,546,900 2,319,800 2,218,600 2,222,600 2,492,900 2,188,800 2,080,900 2,073,500 2,329,800 2,077,400 2,037,400 2,037,100 2,283,800 1,984,400 1,928,700
Interest on funds held for clients 118,000 106,000 101,100 103,100 107,400 105,400 106,500 114,700 158,900 137,700 133,900 146,900 167,400 129,100 118,500 125,600 134,800 106,700 99,400 104,800 111,600 91,800 89,200 97,400 102,800 89,300 87,800
Professional Employer Organization (PEO) revenues 1,512,700 1,357,600 1,263,500 1,211,300 1,323,400 1,185,100 1,094,600 1,080,700 1,236,800 1,133,400 1,055,600 1,061,300 1,133,100 1,057,000 986,100 970,400 1,065,300 939,900 898,500 886,500 969,400 818,100 790,300 763,700 862,000 733,300 697,500
Revenues 4,513,000 4,025,400 3,832,300 3,737,000 4,102,000 3,695,700 3,470,700 3,376,800 4,047,800 3,669,500 3,495,700 3,498,700 3,847,400 3,505,900 3,323,200 3,318,600 3,693,000 3,235,400 3,078,800 3,064,800 3,410,800 2,987,300 2,916,900 2,898,200 3,248,600 2,807,000 2,714,000
Operating expenses (2,212,500) (2,040,700) (1,930,800) (1,911,300) (1,999,500) (1,847,800) (1,762,100) (1,806,300) (1,974,100) (1,836,000) (1,787,700) (1,775,600) (1,874,500) (1,785,900) (1,709,900) (1,727,000) (1,844,700) (1,719,300) (1,646,900) (1,622,700) (1,701,500) (1,560,400) (1,531,500) (1,494,200) (1,611,600) (1,479,400) (1,439,800)
Systems development and programming costs (197,300) (199,700) (188,800) (194,800) (178,600) (174,500) (168,700) (165,100) (172,100) (168,700) (168,200) (162,100) (160,100) (156,100) (158,000) (152,700) (162,500) (158,100) (156,900) (166,800) (153,300) (152,500) (154,900) (150,700) (147,300) (149,600) (156,100)
Depreciation and amortization (102,400) (100,800) (103,000) (99,400) (100,000) (100,100) (103,500) (95,700) (92,900) (89,400) (88,900) (82,900) (77,200) (71,700) (72,600) (72,400) (70,200) (69,300) (62,600) (57,900) (56,200) (54,900) (57,200) (53,700) (53,800) (53,500) (50,600)
Costs of revenues (2,512,200) (2,341,200) (2,222,600) (2,205,500) (2,278,100) (2,122,400) (2,034,300) (2,067,100) (2,239,100) (2,094,100) (2,044,800) (2,020,600) (2,111,800) (2,013,700) (1,940,500) (1,952,100) (2,077,400) (1,946,700) (1,866,400) (1,847,400) (1,911,000) (1,767,800) (1,743,600) (1,698,600) (1,812,700) (1,682,500) (1,646,500)
Gross profit 2,000,800 1,684,200 1,609,700 1,531,500 1,823,900 1,573,300 1,436,400 1,309,700 1,808,700 1,575,400 1,450,900 1,478,100 1,735,600 1,492,200 1,382,700 1,366,500 1,615,600 1,288,700 1,212,400 1,217,400 1,499,800 1,219,500 1,173,300 1,199,600 1,435,900 1,124,500 1,067,500
Selling, general, and administrative expenses (817,500) (782,300) (719,200) (840,700) (763,000) (755,800) (681,000) (765,600) (756,600) (754,300) (726,500) (854,700) (750,400) (745,200) (713,900) (836,800) (755,100) (717,200) (662,400) (829,700) (665,000) (640,800) (647,700) (770,100) (634,400) (627,200) (605,300)
Operating income 1,183,300 901,900 890,500 690,800 1,060,900 817,500 755,400 544,100 1,052,100 821,100 724,400 623,400 985,200 747,000 668,800 529,700 860,500 571,500 550,000 387,700 834,800 578,700 525,600 429,500 801,500 497,300 462,200
Interest expense (18,400) (18,400) (18,500) (17,200) (13,500) (13,900) (15,100) (15,600) (20,000) (31,600) (39,900) (33,700) (21,700) (38,600) (35,900) (28,600) (18,600) (27,500) (28,000) (22,800) (16,800) (20,500) (19,900) (18,200) (16,300) (16,800) (4,900)
Other income (expense), net 25,000 26,600 28,800 23,600 18,800 29,000 24,900 2,800 44,600 46,000 54,600 43,600 21,000 32,600 13,900 (296,500) 10,700 21,700 26,200 23,400 9,900 228,000 23,000 15,700 9,600 27,400 47,700
Earnings from continuing operations before income taxes 1,189,900 910,100 900,800 697,200 1,066,200 832,600 765,200 531,300 1,076,700 835,500 739,100 633,300 984,500 741,000 646,800 204,600 852,600 565,700 548,200 388,300 827,900 786,200 528,700 427,000 794,800 507,900 505,000
Provision for income taxes (261,400) (215,700) (200,300) (159,000) (255,500) (185,100) (163,100) (119,700) (255,800) (183,900) (156,700) (157,800) (230,800) (182,800) (141,400) (95,900) (209,500) (98,200) (146,700) (122,400) (240,000) (275,300) (160,000) (145,000) (262,300) (166,500) (167,500)
Net earnings from continuing operations 928,500 694,400 700,500 538,200 810,700 647,500 602,100 411,600 820,900 651,600 582,400 475,500 753,700 558,200 505,400 108,700 643,100 467,500 401,500 265,900 587,900 510,900 368,700 282,000 532,500 341,400 337,500
Net loss from discontinued operations — — — — — — — — — — — — — — — — — — — — — — — — — — (900)
Net earnings 928,500 694,400 700,500 538,200 810,700 647,500 602,100 411,600 820,900 651,600 582,400 475,500 753,700 558,200 505,400 108,700 643,100 467,500 401,500 265,900 587,900 510,900 368,700 282,000 532,500 341,400 336,600

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Automatic Data Processing Inc. revenues increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Operating income The net result for the period of deducting operating expenses from operating revenues. Automatic Data Processing Inc. operating income increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Earnings from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Automatic Data Processing Inc. earnings from continuing operations before income taxes increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Automatic Data Processing Inc. net earnings decreased from Q1 2022 to Q2 2022 but then increased from Q2 2022 to Q3 2022 exceeding Q1 2022 level.