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Automatic Data Processing, Inc. ADP HRO, excluding PEO zero-margin benefits pass-throughs — Revenue

Other product segments

HCM
$2.49B+4.2%
PEO zero-margin benefits pass-throughs
$1.17B+7.3%
Global
$751.9M+15.3%
Interest on funds held for clients
$403.9M

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Other financials

Income statement

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Revenue$5.9B+7.0%
Gross profit$2.9B+8.3%
Net income$1.4B+8.8%
EPS (diluted)$3.38+10.5%

Balance sheet

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Cash & equivalents$3.2B+20.4%
Total debt$4.4B+30.6%
Total equity$6.4B+8.5%
Total assets$64.5B+14.2%

Cash flow

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Operating cash flow$2.2B+46.7%
CapEx$50.6M+39.0%
Free cash flow$2.2B+46.9%

Valuation

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Market cap$87.31B-34.2%
Enterprise value$88.47B-33.6%
P/E20.1×-13.1×
P/S-2.5×

Profitability

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Gross margin46.2%+0.2pp
Net margin20.1%+0.3pp

Returns & leverage

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Return on equity71.2%-5.1pp
Debt / equity0.7×+0.1×
Current ratio0.0×

Where this comes from

Reported directly by Automatic Data Processing, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Automatic Data Processing, Inc.’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Automatic Data Processing, Inc.'s HRO, excluding PEO zero-margin benefits pass-throughs — revenue?
Automatic Data Processing, Inc. (ADP) reported HRO, excluding PEO zero-margin benefits pass-throughs — revenue of $1.12B in Q1 2026.
How has Automatic Data Processing, Inc.'s HRO, excluding PEO zero-margin benefits pass-throughs — revenue changed year-over-year?
Automatic Data Processing, Inc.'s HRO, excluding PEO zero-margin benefits pass-throughs — revenue increased by 5.4% year-over-year, from $1.06B to $1.12B.
What is the long-term trend for Automatic Data Processing, Inc.'s HRO, excluding PEO zero-margin benefits pass-throughs — revenue?
Over 4 years (2021 to 2025), Automatic Data Processing, Inc.'s HRO, excluding PEO zero-margin benefits pass-throughs — revenue has grown at a 8.9% compound annual growth rate (CAGR), from $2.69B to $3.78B.
What does HRO, excluding PEO zero-margin benefits pass-throughs — revenue mean?
This is the core revenue earned from HR outsourcing services, excluding the cost of pass-through benefits that carry no profit margin.
How do you interpret HRO, excluding PEO zero-margin benefits pass-throughs — revenue?
An increase indicates strong demand for core HR outsourcing services and improved service-based revenue generation, while a decrease may signal market saturation or competitive pressure in the HR services sector.
How does HRO, excluding PEO zero-margin benefits pass-throughs — revenue compare across companies?
Comparable to core service revenue metrics in HR technology and business process outsourcing firms that adjust for pass-through insurance or benefit premiums.