ADP 10-K Annual Reports

Automatic Data Processing, Inc. (ADP) reported strong financial performance for the fiscal year ended June 30, 2025, with total revenues increasing by 7% to $20.56 billion. This growth was driven by new client acquisitions, strong client retention, strategic acquisitions including WorkForce Software, and increased interest income on funds held for clients. The company demonstrated solid operational efficiency, with Earnings Before Income Taxes (EBIT) and Adjusted EBIT margins expanding by 50 basis points, reflecting effective cost management and revenue growth. ADP continues to prioritize innovation and client experience, evidenced by the launch of ADP Lyric HCM and strategic investments in artificial intelligence (AI) and machine learning. The company's commitment to shareholder returns is highlighted by $3.7 billion in cash returned through dividends and share repurchases. With a robust business model characterized by recurring revenue and low capital intensity, ADP is well-positioned to navigate market dynamics and continue delivering value to its clients and shareholders. The company's financial condition remains solid, supported by ample liquidity and strong cash flow generation, enabling continued investment in growth initiatives and a consistent return of capital to stockholders.

Automatic Data Processing, Inc. (ADP) reported a solid fiscal year 2024, demonstrating 7% revenue growth to $19.2 billion, driven by new client acquisition, pricing increases, and strong client retention. The company highlighted its strategic priorities, focusing on leading with best-in-class HCM technology, providing unmatched expertise and outsourcing solutions, and leveraging its global scale. Investments in artificial intelligence, particularly the launch of ADP Assist, are a key area of innovation, aimed at enhancing client and employee experiences. ADP's financial health remains strong, with significant cash flow generation and a commitment to shareholder returns through dividends and share repurchases, totaling $3.4 billion in fiscal year 2024.

Automatic Data Processing, Inc. (ADP) reported strong financial performance for the fiscal year ended June 30, 2023, characterized by robust revenue growth and increased profitability. The company demonstrated significant revenue expansion, with a 9% increase as reported and a 10% increase on an organic constant currency basis. This growth was driven by new business bookings, strong client retention, and a notable increase in interest income from funds held for clients, benefiting from higher interest rates. ADP's strategic focus on best-in-class HCM technology, unparalleled expertise and outsourcing, and leveraging global scale continues to yield positive results. The company surpassed the one million client milestone and saw improvements in key metrics like Employer Services client retention, reaching a record high. Profitability also saw a healthy increase, with diluted earnings per share growing by 17%. The company remains committed to shareholder returns through dividends and share repurchases, underscoring a solid financial position and a positive outlook for continued growth.

Automatic Data Processing, Inc. (ADP) reported strong performance for the fiscal year ended June 30, 2022, with a 10% increase in total revenue to $16.5 billion. This growth was driven by strong client retention, an increase in "pays per control" (a measure of employees on ADP clients' payrolls), and robust new business bookings in the Employer Services segment. The Professional Employer Organization (PEO) segment also showed significant growth with a 15% increase in average worksite employees. The company generated substantial free cash flow, enabling significant returns to shareholders through dividends and share repurchases. ADP continues to invest in its cloud-based Human Capital Management (HCM) solutions, focusing on platform enhancements, user experience (UX) improvements, and data-driven insights through ADP DataCloud, positioning itself for continued long-term growth in a dynamic labor market. Financially, ADP demonstrated solid operational efficiency, with its Adjusted EBIT margin expanding by 90 basis points. Diluted EPS also saw a healthy increase of 15%. The company maintains a strong financial position with $1.4 billion in cash and cash equivalents and significant committed credit facilities, providing ample liquidity for operations, investments, and shareholder returns. ADP's strategic focus on innovation and client service, combined with its extensive scale and expertise, underpins its market leadership and ability to navigate evolving workplace trends.

Automatic Data Processing Inc. (ADP) reported solid results for the fiscal year ending June 30, 2021. The company experienced a 3% year-over-year revenue growth, reaching $15 billion, driven by strong client retention, new business bookings, and a favorable foreign currency impact, partially offset by a decrease in interest earned on client funds. ADP's strategic focus on cloud-based Human Capital Management (HCM) solutions continues to yield positive results. Investments in innovation, such as next-generation platforms, the 'Roll by ADP' mobile payroll solution, and the ADP DataCloud analytics platform, are enhancing its market position. The company also saw strong growth in its Employer Services segment, with a 23% increase in new business bookings, and a 7% increase in PEO Services revenue. The company returned $3.0 billion to shareholders through dividends and share repurchases, underscoring its commitment to shareholder value.

Automatic Data Processing, Inc. (ADP) reported its fiscal year results ending June 29, 2020. The company, a leader in cloud-based Human Capital Management (HCM) solutions, navigated the challenges of the COVID-19 pandemic by shifting to remote work and providing support to clients through various government relief programs. Despite a challenging macroeconomic environment that impacted new business bookings and client retention, ADP demonstrated resilience with a 3% increase in total revenues year-over-year, reaching $14.6 billion. Diluted earnings per share saw a notable increase of 9% to $5.70. The company continued to invest in its "next-gen" platforms and digital transformation initiatives, aiming to enhance its comprehensive suite of HCM and HR outsourcing solutions. ADP's financial performance was characterized by a solid business model with strong cash generation and low capital intensity. The company returned value to shareholders through share repurchases and dividends. The Employer Services segment remained the largest contributor to revenue, while the PEO segment showed robust growth. Management remains committed to its long-term strategy, focusing on innovation, service excellence, and distribution enhancements to drive sustainable value for stakeholders, even amidst ongoing economic uncertainties.

Automatic Data Processing Inc. (ADP) reported solid performance for the fiscal year ended June 30, 2019. The company experienced a 6% increase in total revenues, reaching $14.18 billion, driven by strong retention and new business bookings in its Employer Services segment, alongside an 8% increase in worksite employees for its PEO Services segment. Net earnings grew by a notable 22% to $2.29 billion, with diluted earnings per share rising 23% to $5.24. This growth was supported by improved EBIT margins, benefiting from operating efficiencies derived from transformation initiatives, increased interest on client funds, and the sale of assets. ADP continues to strategically invest in its cloud-based Human Capital Management (HCM) solutions and next-generation platforms. The company is focused on innovation, client experience, and expanding its global reach. Shareholder returns remained a priority, with approximately $1.3 billion returned via dividends and $940 million through share repurchases during the fiscal year. The company's financial position remains strong, and it anticipates continued positive momentum into fiscal 2020.

Automatic Data Processing, Inc. (ADP) in its fiscal year ended June 29, 2018, reported total revenues of $13.3 billion, an 8% increase year-over-year. This growth was driven by an 8% increase in new business bookings and a 5% revenue increase in the Employer Services segment, alongside a strong 12% increase in the PEO Services segment. Diluted earnings per share (EPS) decreased by 5% to $3.66, primarily due to significant transformation initiatives and voluntary early retirement program charges totaling over $400 million. However, adjusted diluted EPS saw a substantial 18% increase to $4.35, reflecting underlying operational improvements and the benefits of the Tax Cuts and Jobs Act. The company continued its shareholder-friendly capital allocation, increasing its dividend by 21% and repurchasing approximately $2.1 billion in shares.

Automatic Data Processing, Inc. (ADP) reported strong financial performance for the fiscal year ended June 30, 2017. The company experienced revenue growth of 6%, driven by increases in its Employer Services and PEO Services segments, reflecting successful new business bookings and a healthy client retention rate. ADP demonstrated solid profitability, with net earnings from continuing operations increasing by 16% and diluted earnings per share rising by 18% year-over-year. The company also continued its commitment to shareholder returns, repurchasing approximately $1.3 billion in shares and increasing dividends for the 42nd consecutive year. Strategic initiatives, including investments in cloud-based HCM solutions and the acquisition of The Marcus Buckingham Company, position ADP for continued growth in the human capital management market.

Automatic Data Processing, Inc. (ADP) reported robust performance in its fiscal year ending June 30, 2016. The company, a leading provider of Human Capital Management (HCM) solutions, saw a notable 7% increase in total revenues, reaching $11.7 billion, with an 8% growth on a constant dollar basis, indicating strong underlying business momentum. This growth was primarily driven by strong new business bookings, up 12% year-over-year, and the increasing demand for solutions that help businesses comply with regulations like the Affordable Care Act (ACA). ADP demonstrated solid profitability with an 8% increase in net earnings from continuing operations to $1.5 billion, and diluted earnings per share (EPS) grew by 12% to $3.25. The company continued its commitment to shareholder returns by repurchasing $1.2 billion in shares and returning over $900 million in dividends, marking the 41st consecutive year of dividend per share increase. Furthermore, ADP strengthened its capital structure by issuing $2 billion in senior notes, signaling a strategic move to enhance shareholder returns over the long term.

Automatic Data Processing, Inc. (ADP) reported solid financial performance for the fiscal year ended June 30, 2015, with total revenues growing 7% to $10.94 billion and net earnings from continuing operations increasing 11% to $1.38 billion. The company's strategic focus on Human Capital Management (HCM) solutions, including cloud-based offerings and HR Business Process Outsourcing, is driving this growth. A significant strategic move during the year was the spin-off of its Dealer Services business into CDK Global, Inc., allowing ADP to concentrate further on its core HCM strategy. ADP's two main segments, Employer Services and Professional Employer Organization (PEO) Services, both demonstrated strong revenue growth. Employer Services saw a 5% increase driven by new business bookings and client retention, while PEO Services experienced a substantial 17% revenue jump due to an increase in worksite employees. The company also highlighted strong new business bookings and continued client retention rates, reinforcing the resilience of its recurring revenue model. ADP returned significant value to shareholders through dividends and share repurchases, underscoring its commitment to shareholder returns.

Automatic Data Processing, Inc. (ADP) reported solid financial performance for the fiscal year ended June 30, 2014. The company achieved an 8% increase in total revenues, reaching $12.2 billion, driven by growth across its Employer Services, PEO Services, and Dealer Services segments. Net earnings from continuing operations saw an 11% increase to $1.5 billion, translating to diluted earnings per share of $3.11. The company highlighted strong client retention rates and consistent cash flow generation, underscoring the resilience of its business model. A significant strategic development during the period was the Board of Directors' approval to spin off the Dealer Services business into an independent publicly traded company, expected to be completed by October 2014. This move is intended to allow both entities to focus on their respective core businesses and strategic opportunities. ADP also continued its commitment to shareholder returns, repurchasing approximately $667 million in stock and increasing its dividend for the 39th consecutive year.

Automatic Data Processing, Inc. (ADP) reported solid revenue growth in fiscal year 2013, with total revenues increasing by 7% to $11.31 billion. This growth was driven by performance across all three segments: Employer Services, PEO Services, and Dealer Services. The company's strategic focus on cloud-based HCM solutions and expanding its global presence is evident in its continued investment in technology and salesforce productivity, which led to strong new business bookings. While net earnings from continuing operations saw a slight decrease of 1% to $1.36 billion, primarily due to a goodwill impairment charge of $42.7 million related to the ADP AdvancedMD business and a decline in interest income from client funds due to lower interest rates, the adjusted earnings present a more favorable picture. Adjusted net earnings increased by 5% to $1.41 billion, highlighting the underlying operational strength. ADP demonstrated a strong commitment to shareholder returns, repurchasing approximately $647 million in stock and returning $805 million through dividends. The company maintains a robust financial position with ample liquidity and a strong balance sheet. Despite facing challenges such as a lower interest rate environment impacting client fund interest income and ongoing investments in technology, ADP's diversified business model, high client retention rates, and market leadership position in human capital management solutions suggest resilience and continued growth potential. Investors should note the company's ongoing investment in systems development and programming, aiming to further enhance its cloud-based offerings and overall service capabilities.

Automatic Data Processing, Inc. (ADP) for the fiscal year ended June 30, 2012, reported total revenues of $10.7 billion, representing an 8% increase year-over-year. This growth was primarily driven by strong performance across its key segments: Employer Services (up 7%), Professional Employer Organization (PEO) Services (up 15%), and Dealer Services (up 10%). Net earnings from continuing operations increased by 11% to $1.4 billion, with diluted EPS rising 12% to $2.82. A notable event during the year was a $66.0 million gain from the sale of assets related to a third-party expense management platform, which contributed to EPS growth. The company's financial health remains robust, characterized by strong cash flow from operations ($1.9 billion), consistent client retention rates (91%), and a solid balance sheet with $1.7 billion in cash and marketable securities. ADP continued to return value to shareholders through dividends and share repurchases, highlighting its commitment to shareholder returns. The company is strategically focused on growing its cloud-based Human Capital Management (HCM) solutions, scaling its HR Business Process Outsourcing (BPO) services, expanding its global HCM offerings, and deepening its solutions in key adjacent markets.

Automatic Data Processing, Inc. (ADP) demonstrated robust performance in its fiscal year ended June 30, 2011, with a notable 11% increase in consolidated revenues to $9.88 billion. This growth was driven by strong contributions across all its major segments: Employer Services, PEO Services, and Dealer Services. The company successfully navigated a challenging economic environment, showcasing resilient client retention and strategic acquisitions, including Cobalt Group, which significantly boosted Dealer Services revenue. ADP also returned substantial value to shareholders through dividends and share repurchases, underscoring its commitment to capital return while continuing to invest in innovation and international expansion. The company's strategic focus on strengthening its core offerings, expanding its HR Business Process Outsourcing (BPO) capabilities, and pursuing international growth appears to be yielding positive results. With solid operating cash flow and a healthy balance sheet, ADP is well-positioned to continue its growth trajectory and market leadership in business outsourcing solutions.

Automatic Data Processing, Inc. (ADP) filed its 10-K for the fiscal year ended June 29, 2010, revealing a year of resilience amidst a challenging economic environment. Consolidated revenues saw a modest 1% increase to $8.9 billion, largely influenced by favorable foreign currency fluctuations and growth in its Professional Employer Organization (PEO) services. However, earnings from continuing operations before income taxes and net earnings from continuing operations declined by 2% and 9%, respectively, primarily impacted by lower interest income on client funds due to historically low interest rates and increased expenses in its PEO segment. The company highlighted its strategic focus on strengthening its core business, growing its HR Business Process Outsourcing (BPO) offerings, international expansion, entering adjacent markets, and improving pretax margins. Despite the economic headwinds, ADP demonstrated strong client retention, particularly in its Employer Services segment, and continued to return capital to shareholders through share repurchases and dividends, maintaining its history of consistent dividend increases. Acquisitions in Dealer Services (Cobalt) and benefits solutions (Workscape) were completed in August 2010, signaling a forward-looking strategy for growth. Key risk factors identified include changes in laws and regulations, security and privacy breaches, system disruptions, technological adaptation challenges, and the impact of political and economic factors, including currency fluctuations. Management expressed confidence in the company's solid financial condition, liquidity, and robust business model, characterized by approximately 90% recurring revenues.

For the fiscal year ended June 30, 2009, Automatic Data Processing, Inc. (ADP) demonstrated resilience amidst challenging economic conditions, reporting a 1% increase in consolidated revenues to $8.87 billion. This growth was primarily driven by its Employer Services and PEO Services segments, which saw revenue increases of 4% and 12% respectively. Despite headwinds from rising unemployment and declining auto sales impacting the Dealer Services segment, ADP's diversified business model and strong recurring revenue base of approximately 90% provided stability. The company successfully increased its earnings from continuing operations before income taxes by 5% and net earnings from continuing operations by 14%, resulting in a 20% rise in diluted earnings per share to $2.63. This performance was supported by cost-saving initiatives and a lower effective tax rate due to favorable tax settlements. ADP also continued to focus on its strategic growth program, including international expansion and strengthening its core offerings, while maintaining a solid liquidity position and returning capital to shareholders through share repurchases and dividends.

Automatic Data Processing, Inc. (ADP) reported strong financial performance for the fiscal year ended June 30, 2008, with consolidated revenues from continuing operations growing 13% to $8.78 billion. Diluted earnings per share from continuing operations saw a significant increase of 20% to $2.20, reflecting effective cost management and share repurchases. The company's core Employer Services segment continued its robust growth, complemented by strong performance in PEO Services and Dealer Services. ADP highlighted its strategic focus on high-growth, under-penetrated markets, evidenced by the divestiture of non-strategic businesses in prior periods. The company's balance sheet remains solid, with substantial cash and marketable securities. ADP reiterated its commitment to returning excess cash to stockholders through share buybacks and dividends, with a significant repurchase of common stock during the fiscal year. The company is well-positioned to navigate the economic environment, emphasizing its diversified business model and commitment to innovation.

Automatic Data Processing, Inc. (ADP) reported strong performance for the fiscal year ended June 30, 2007. Total revenues grew by 14% to $7.8 billion, driven by significant growth across all its core segments: Employer Services, PEO Services, and Dealer Services. Employer Services, the largest segment, saw an 11% revenue increase, while PEO Services and Dealer Services experienced even more robust growth of 26% and 14%, respectively. The company also demonstrated improved profitability, with earnings from continuing operations before income taxes increasing by 19% and net earnings from continuing operations up by 21%. Diluted earnings per share from continuing operations saw a substantial 26% increase to $1.83. This performance was bolstered by strategic initiatives, including a focus on "beyond payroll" services, successful acquisitions, and disciplined cost management. ADP also successfully completed the spin-off of its Brokerage Services Group, allowing for a more focused business strategy and enhanced shareholder value. The company continued its share repurchase program, reflecting confidence in its future growth prospects.

Automatic Data Processing, Inc. (ADP) reported strong financial performance for the fiscal year ended June 30, 2006, with consolidated revenues growing 11% to $8.88 billion. This growth was primarily driven by its Employer Services segment, which saw a 10% increase in revenue, bolstered by strong new business sales and improved client retention. The company also successfully divested its Claims Services business for $975 million, generating a significant gain and strengthening its cash position. Looking ahead, ADP announced a plan to spin off its Brokerage Services Group into a separate, publicly traded company, aiming to streamline operations and allow each entity to focus on its respective markets. The company's outlook for fiscal year 2007 projects continued revenue growth of approximately 10% and earnings per share growth of 17-20%, reflecting confidence in its core businesses and strategic initiatives.

Automatic Data Processing, Inc. (ADP) in its August 31, 2005, 10-K filing showcases its position as a global leader in transaction processing, data communication, and information services, with a strong emphasis on its Employer Services segment. This segment provides a comprehensive suite of human resources, payroll processing, and benefit administration solutions to over 518,000 employers across North America, Europe, South America, Australia, and Asia. The company highlights its strategic focus on expanding its offerings through product development, such as integrated payroll solutions with Microsoft, and acquisitions, including the significant addition of Bank of America's U.S. Clearing and Broker-Dealer Services divisions to bolster its Brokerage Services capabilities. ADP's diversified business model also includes robust Brokerage Services, Dealer Services, and Claims Services, catering to various industries like financial services, automotive retail, and property insurance. The company emphasizes its competitive strengths in service responsiveness, product quality, and price, underpinned by significant investments in systems development and programming. With a stable client base and long client retention periods across its segments, ADP demonstrates operational resilience and a commitment to sustained growth through both organic expansion and strategic acquisitions, positioning itself as a stable and diversified service provider.

This filing for Automatic Data Processing, Inc. (ADP) for the fiscal year ended June 30, 2004, highlights a diversified business model with strong performance in its core Employer Services segment. The company continues to expand its offerings and geographic reach, particularly in payroll, HR, and benefits administration. Significant investments were made in systems development and programming to enhance existing products and develop new ones, indicating a commitment to innovation and staying ahead in the competitive computing services industry. The company also made strategic acquisitions in its Dealer Services and Claims Services segments to broaden its market presence and service capabilities. While facing a general economic slowdown, ADP demonstrated resilience with strong client retention and growth in key areas. For investors, ADP presents a stable and growing enterprise with a well-established market position across multiple service lines. The company's focus on outsourcing solutions for employers and the financial services industry, combined with strategic growth initiatives and a commitment to technology, positions it for continued success. The filing also notes proactive share repurchases, indicating a return of capital to shareholders. Despite the competitive landscape, ADP's leadership and diversification across various segments provide a solid foundation for future performance.

Automatic Data Processing, Inc. (ADP) in its 2003 10-K filing, positions itself as a global leader in transaction processing and information services. The company operates across several key segments, with Employer Services being the largest contributor, offering comprehensive payroll, HR, and benefits administration. Significant acquisitions in fiscal 2003, such as ProBusiness Services, Inc. and the retirement services operations of Scudder Investments, highlight ADP's strategy to expand its service offerings and market reach, particularly in serving larger clients and bolstering its retirement plan recordkeeping capabilities. Beyond Employer Services, ADP maintains strong positions in Brokerage Services, Dealer Services, and Claims Services. The filing indicates a strategic focus on expanding its Web-enabled product offerings across all segments to meet the growing demand for online solutions. Despite a challenging economic environment impacting some segments like Brokerage Services, ADP demonstrates resilience, with Employer Services showing continued growth driven by North American payroll and tax businesses, along with an increase in its PEO business and client retention. The company's long client retention rates across its divisions underscore its market stability.

Automatic Data Processing, Inc. (ADP) reported its fiscal year ending June 30, 2002, showcasing a diversified business model with significant operations in Employer Services, Brokerage Services, Dealer Services, and Claims Services. The company emphasizes its role as a leading global provider of transaction processing and information services, serving a broad range of clients from small businesses to large corporations across various industries. ADP's Employer Services segment, the largest contributor, offers comprehensive payroll, HR, benefits administration, and tax filing solutions, experiencing growth in areas like retirement services and COBRA administration. The Brokerage Services division provides critical transaction processing and investor communication services to financial firms, with notable expansion in electronic delivery of investor communications and ISO 9001:2000 certification. The company also highlights its strategic acquisitions, such as Avert, Inc. for pre-employment screening and Digital Motorworks Holdings, Inc. (DMI) for dealer data solutions, demonstrating a commitment to inorganic growth and expanding its service capabilities. Despite a challenging economic environment impacting some segments, ADP maintained strong client retention across its services.

Automatic Data Processing, Inc. (ADP) filed its 10-K annual report for the period ending June 29, 1999. While the provided text is a directory listing from the SEC's EDGAR system and does not contain the full financial data or narrative of the 10-K report, it indicates the filing of an annual report for ADP. Investors would typically look to the full 10-K for detailed financial statements, management discussion and analysis, risk factors, and other critical information concerning the company's performance, strategic direction, and future outlook.

Automatic Data Processing, Inc. (ADP) filed its 10-K annual report for the period ending June 29, 1998. While the provided text is primarily navigational and administrative information from the SEC's EDGAR system and does not contain the financial statements or detailed business descriptions typically found in a 10-K, it indicates the company's adherence to regulatory filing requirements. Investors seeking to understand ADP's performance would need to access the full filing document which would include key financial metrics, management discussion and analysis, risk factors, and business segment information. Based on the filing date and period, this report would cover ADP's fiscal year 1998. Investors would look for information on revenue growth, profitability, operational efficiency, and any strategic initiatives or challenges faced by the company during that period. The absence of specific financial data in this excerpt means a detailed performance analysis is not possible. However, the filing itself signifies ongoing business operations and a commitment to transparency with shareholders.

This 10-K filing from Automatic Data Processing, Inc. (ADP) for the fiscal year ended June 29, 1996, details the company's performance and financial position. ADP operates as a major provider of payroll, human resources, and benefits administration services, demonstrating a robust business model centered on recurring revenue streams from its diverse client base. The company's strategic focus appears to be on expanding its service offerings and maintaining its market leadership in a competitive landscape.

Automatic Data Processing, Inc. (ADP) filed its 10-K annual report for the period ending June 29, 1995. This filing provides a look into the company's financial performance and operational standing during that fiscal year. As a leading provider of outsourced payroll and human resources management solutions, ADP's report would be of interest to investors seeking to understand the company's position in a growing market. The filing would typically detail revenue streams, profitability, operational efficiency, and any significant investments or strategic initiatives undertaken during the year. Investors should pay close attention to the company's revenue growth, particularly in its core payroll processing services, and any expansion into new service areas or markets. The report also offers insights into the competitive landscape and ADP's strategies to maintain and grow its market share. Understanding the company's financial health, including its asset base, liabilities, and cash flow, is crucial for assessing its long-term value and investment potential.

This 10-K filing for Automatic Data Processing, Inc. (ADP) for the period ending June 29, 1994, indicates a company operating in the information processing services sector. While the provided text is primarily the directory listing of the filing and lacks specific financial statements or management discussion, it signifies ADP's ongoing compliance and reporting to the SEC. Investors would typically look for details on revenue streams, profitability, market share, and strategic initiatives in such a filing. Given the limited information available in this excerpt, a comprehensive financial analysis is not possible. However, the filing itself confirms ADP's status as a publicly traded entity and its commitment to regulatory transparency during the 1994 fiscal year.