Automatic Data Processing, Inc. Client funds obligations decreased by 30.8% to $46.77B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.8%, from $40.06B to $46.77B. Over 4 years (FY 2021 to FY 2025), Client funds obligations shows relatively stable performance with a -2.3% CAGR.
An increase indicates higher client payment volumes and processing activity, while a decrease suggests lower volume or timing differences in disbursements.
This represents the liability for funds collected from clients for payroll and tax processing that have not yet been dis...
Specific to payroll processors and financial intermediaries; peers show this as a direct offset to client fund assets.
current_liabilities_client_funds_obligations| 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 | $34.40B | $46.44B | $45.77B | $59.39B | $51.29B | $35.47B | $43.06B | $47.76B | $38.54B | $37.10B | $44.00B | $49.51B | $39.50B | $28.72B | $48.48B | $40.06B | $31.34B | $31.85B | $67.61B | $46.77B |
| QoQ Change | — | +35.0% | -1.4% | +29.8% | -13.6% | -30.8% | +21.4% | +10.9% | -19.3% | -3.7% | +18.6% | +12.5% | -20.2% | -27.3% | +68.8% | -17.4% | -21.8% | +1.6% | +112.3% | -30.8% |
| YoY Change | — | — | — | — | +49.1% | -23.6% | -5.9% | -19.6% | -24.9% | +4.6% | +2.2% | +3.7% | +2.5% | -22.6% | +10.2% | -19.1% | -20.7% | +10.9% | +39.5% | +16.8% |