PEO zero-margin benefits pass-throughs — Revenue
Automatic Data Processing, Inc. PEO zero-margin benefits pass-throughs — Revenue increased by 3.9% to $1.17B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.3%, from $1.09B to $1.17B. Over 4 years (FY 2021 to FY 2025), PEO zero-margin benefits pass-throughs — Revenue shows an upward trend with a 8.5% CAGR.
Analysis
How to read this metric
An increase indicates higher client headcount or rising insurance premiums, while a decrease suggests lower benefit utilization or reduced client workforce size. Because these are zero-margin, changes here do not impact operating income but do affect the total revenue growth rate.
Detailed definition
This metric represents the revenue generated from pass-through costs associated with employee benefits in a Professional...
Peer comparison
Similar to 'pass-through revenue' or 'reimbursable expenses' found in other PEOs or staffing firms where benefit costs are billed directly to clients.
adp_segment_peo_zero_margin_benefits_pass_throughs_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $773.00M | $878.60M | $878.60M | $878.60M | $878.60M | $945.80M | $944.20M | $956.30M | $954.60M | $976.70M | $970.70M | $1.02B | $1.01B | $1.05B | $1.06B | $1.09B | $1.09B | $1.13B | $1.13B | $1.17B |
| QoQ Change | — | +13.7% | +0.0% | +0.0% | +0.0% | +7.6% | -0.2% | +1.3% | -0.2% | +2.3% | -0.6% | +4.7% | -0.4% | +3.7% | +0.6% | +3.3% | +0.4% | +3.3% | -0.4% | +3.9% |
| YoY Change | — | — | — | — | +13.7% | +7.6% | +7.5% | +8.8% | +8.7% | +3.3% | +2.8% | +6.3% | +6.0% | +7.4% | +8.7% | +7.3% | +8.1% | +7.8% | +6.7% | +7.3% |
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Frequently Asked Questions
- What is Automatic Data Processing, Inc.'s peo zero-margin benefits pass-throughs — revenue?
- Automatic Data Processing, Inc. (ADP) reported peo zero-margin benefits pass-throughs — revenue of $1.17B in Q1 2026.
- How has Automatic Data Processing, Inc.'s peo zero-margin benefits pass-throughs — revenue changed year-over-year?
- Automatic Data Processing, Inc.'s peo zero-margin benefits pass-throughs — revenue increased by 7.3% year-over-year, from $1.09B to $1.17B.
- What is the long-term trend for Automatic Data Processing, Inc.'s peo zero-margin benefits pass-throughs — revenue?
- Over 4 years (2021 to 2025), Automatic Data Processing, Inc.'s peo zero-margin benefits pass-throughs — revenue has grown at a 8.5% compound annual growth rate (CAGR), from $3.09B to $4.29B.
- What does peo zero-margin benefits pass-throughs — revenue mean?
- Revenue from pass-through employee benefit costs that are billed to clients at cost with no profit margin added.