Automatic Data Processing Inc
Automatic Data Processing Inc (ADP) is listed on NASDAQ and classified in Software - Application, part of the Technology sector. It is headquartered in Roseland, United States and has 67,000 employees. The company is worth $122.02B and trades at 26.9x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $21.95B in fiscal 2026, up 6.7% from the year before. Net income was $4.41B. The share price is within 3% of its 52-week high. It pays a dividend yielding 2.21%, and has raised its annual dividend for 28 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $321.28M. In that quarter, 3 of them opened or added to the position and 4 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +25.1% over 5Y.
today you would have $1,438.83▲ +43.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $288.90 | $257.23 | $292.73 | $232.97 | $238.86 | $246.58 | $176.20 | $170.50 | $131.12 | $117.19 | $102.78 | $84.72 | $83.37 | $70.94 | $49.98 | $47.42 | $40.63 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 12.5% a year plus a 2.2% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 27.8 across this company’s own years on record.
Cash flow growing 12.5% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 6.7% a year against a 8.2% required return, from the stock’s beta.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FTNTFortinet, Inc. | $172.98 | 61.1x | 81.8x | 0.00% | 117.44% | $126.92B |
| WDCWestern Digital Corp | $354.19 | 14.1x | 14.4x | 0.17% | 130.85% | $132.58B |
| SNOWSnowflake Inc. | $313.96 | — | 51.5x | 0.00% | -48.06% | $110.77B |
| NETCloudflare, Inc. | $303.61 |
| $37.59 |
| $34.54 |
| P/E | 27.8x | 26.4x | 25.8x | 32.2x | 28.4x | 34.1x | 40.6x | 30.9x | 32.5x | 30.9x | 29.5x | 31.6x | 27.8x | 26.6x | 24.5x | 20.2x | 21.4x | 19.3x | 16.3x | 16.8x |
| P/S | 4.3x | 5.2x | 5.1x | 6.2x | 5.3x | 6.0x | 7.0x | 5.2x | 5.2x | 4.3x | 4.2x | 4.0x | 3.6x | 4.5x | 4.1x | 2.6x | 2.7x | 2.6x | 2.4x | 2.4x |
| P/B | 12.6x | 19.0x | 16.8x | 26.2x | 27.4x | 30.8x | 18.4x | 13.2x | 13.7x | 12.1x | 13.1x | 10.5x | 8.2x | 6.8x | 6.3x | 4.5x | 4.4x | 4.2x | 4.0x | — |
| EPS | $10.94 | $9.98 | $9.10 | $8.21 | $7.00 | $6.07 | $5.70 | $5.24 | $4.25 | $3.97 | $3.25 | $3.05 | $3.14 | $2.89 | $2.48 | $2.21 | $2.11 | $2.31 | $2.05 |
| Dividend yield | 2.14% | 1.77% | 2.46% | 1.96% | 2.21% | 1.83% | 1.55% | 2.08% | 1.92% | 2.14% | 2.00% | 2.10% | 2.36% | 2.10% | 2.21% | 2.85% | 2.73% | 2.98% | 3.11% | 3.05% |
| Payout | 62.43% | 46.62% | 63.33% | 63.08% | 62.73% | 62.43% | 63.10% | 64.21% | 62.60% | 65.88% | 58.94% | 66.46% | 65.57% | 55.87% | 54.23% | 57.45% | 58.53% | 57.50% | 50.57% | 51.28% |
| Profit margin | 14.89% | 20.11% | 19.84% | 19.54% | 18.94% | 17.87% | 17.32% | 16.91% | 16.25% | 14.20% | 14.45% | 12.79% | 13.28% | 14.82% | 14.89% | 13.10% | 12.76% | 13.57% | 15.08% | 14.15% |
| ROE | 41.13% | 73.18% | 65.93% | 82.51% | 97.23% | 91.43% | 45.83% | 42.88% | 42.46% | 39.80% | 44.95% | 33.30% | 30.21% | 22.73% | 22.71% | 22.71% | 20.87% | 22.11% | 25.04% | — |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+12.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 66.7x |
| 0.00% |
| -14.43% |
| $108.11B |
| GLWCorning Inc | $123.99 | 56.9x | 8.9x | 0.90% | 16.81% | $106.8B |
| UBERUber Technologies, Inc | $69.07 | 15.1x | 5.2x | 0.00% | 37.16% | $141.08B |