Automatic Data Processing, Inc. Funds held for clients decreased by 31.3% to $46.41B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.9%, from $39.38B to $46.41B. Over 4 years (FY 2021 to FY 2025), Funds held for clients shows a downward trend with a -2.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Growth in this balance often correlates with growth in the client base or payroll volume, while declines may signal lower client activity.
These are funds collected from clients in advance of payroll or tax payment obligations that the company holds in trust....
Unique to payroll and financial services firms; represents a significant portion of the balance sheet for these entities.
current_assets_funds_held_clients| 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 | $34.91B | $46.81B | $45.89B | $58.32B | $49.57B | $32.94B | $40.76B | $45.85B | $36.33B | $34.76B | $42.51B | $47.93B | $38.00B | $28.18B | $47.41B | $39.38B | $30.99B | $31.70B | $67.51B | $46.41B |
| QoQ Change | — | +34.1% | -2.0% | +27.1% | -15.0% | -33.6% | +23.7% | +12.5% | -20.8% | -4.3% | +22.3% | +12.8% | -20.7% | -25.8% | +68.3% | -16.9% | -21.3% | +2.3% | +113.0% | -31.3% |
| YoY Change | — | — | — | — | +42.0% | -29.6% | -11.2% | -21.4% | -26.7% | +5.5% | +4.3% | +4.5% | +4.6% | -18.9% | +11.5% | -17.8% | -18.5% | +12.5% | +42.4% | +17.9% |