Reported Q: Q3 2024 Rev YoY: +23.9% EPS YoY: +53.7% Move: +0.53%
Automatic Data Processing
ADP.DE
€175.50 0.53%
Exchange XETRA Sector Industrials Industry Staffing Employment Services
Q3 2024
Published: May 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for ADP.DE

Reported

Report Date

May 2, 2024

Quarter Q3 2024

Revenue

5.25B

YoY: +23.9%

EPS

2.88

YoY: +53.7%

Market Move

+0.53%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $5.25B up 23.9% year-over-year
  • EPS of $2.88 increased by 53.7% from previous year
  • Gross margin of 47.3%
  • Net income of 1.18B
  • "Our investments in cloud technology have been pivotal in meeting the increasing demand for efficient HR solutions." - CEO
ADP.DE

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Executive Summary

Automatic Data Processing, Inc. delivered a robust performance in Q3 2024, reporting revenue of $5.25 billion, which marks a notable 23.85% increase year-over-year. The company’s net income surged by 52.56% to $1.18 billion, translating to an earnings per share (EPS) increase of 53.72%, reflecting strong operational efficiencies and cost management. This growth was primarily driven by accelerated demand for HR outsourcing and cloud-based solutions across its diversified service offerings. Management's positive outlook and commitment to innovation position the company well for sustained growth in the future.

The earnings call provided insights into strategic initiatives, including investments in technology and enhancements to service delivery, which are expected to bolster market share and customer satisfaction. Moving forward, ADP aims to capitalize on emerging market trends, and investor sentiment remains optimistic towards continued revenue expansion and improved shareholder returns.

Key Performance Indicators

Revenue
Increasing
5.25B
QoQ: 12.55% | YoY: 23.85%
Gross Profit
Increasing
2.49B
47.31% margin
QoQ: 18.00% | YoY: 41.49%
Operating Income
Increasing
1.55B
QoQ: 31.19% | YoY: 39.29%
Net Income
Increasing
1.18B
QoQ: 34.89% | YoY: 52.56%
EPS
Increasing
2.89
QoQ: 35.05% | YoY: 53.72%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 5,175.20 2.49 +8.5% View
Q3 2025 5,553.00 3.06 +5.7% View
Q2 2025 5,048.40 2.35 +8.2% View
Q1 2025 4,832.70 2.34 +7.1% View
Q4 2024 4,768.50 2.02 +6.5% View
Q3 2024 5,253.80 2.88 +23.9% View