Automatic Data Processing (ADP)

Technology · Software - Application · S&P 500
$263.21 +0.32% on the day Market cap $108.2B 52-week range $188.16 to $293.51 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Automatic Data Processing's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from ADP's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation4
Profitability8
Growth4
Financial health2

Key numbers

P/E (trailing)25.2x
P/E (forward)22.2x
Price / free cash flow22.7x
EV / EBITDA16.0x
Price / sales4.93x
Price / book16.9x
Revenue growth+6.8%
Operating margin24.2%
Net margin20.1%
Return on equity73.2%
Dividend yield2.5%
Debt / equity9.48x

Results from SEC filings

Fiscal years, from Automatic Data Processing's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20222023202420252026
Revenue$16.5B$18.0B$19.2B$20.6B$21.9B
Net income$2.9B$3.4B$3.8B$4.1B$4.4B
Free cash flow—————
EPS (diluted)$7.00$8.21$9.10$9.98$10.94
Operating margin22.6%23.6%23.9%24.1%24.2%

Where the revenue comes from

Revenue by segments, fiscal 2026.

Employer Services$14.8B68%
PEO Services$7.1B32%

Superinvestors who own ADP

From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Jean-Marie Eveillard
First Eagle Investment Management
Added $1.2B1.9%Q2 2026
Hersh Cohen
ClearBridge Investments
Trimmed $484M0.40%Q2 2026
Cliff Asness
AQR Capital Management
Added $321M0.11%Q2 2026
Francois Rochon
Giverny Capital Inc.
Added $147M4.9%Q2 2026
Joel Greenblatt
Gotham Asset Management
Added $69M0.16%Q2 2026

Insider buying

Open-market purchases by Automatic Data Processing's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

DateInsiderSharesPriceValue
Mar 30, 2026 Ro Khanna
0$205.47—
Mar 30, 2026 Ro Khanna
0$205.47—
Mar 23, 2026 Ro Khanna
0$209.71—
Mar 23, 2026 Ro Khanna
0$209.71—
Mar 19, 2026 Richard Mccormick
0$210.66—
Mar 19, 2026 Richard Mccormick
0$210.66—
Nov 12, 2025 Marjorie Taylor Greene
0$254.55—
Nov 12, 2025 Marjorie Taylor Greene
0$254.55—
Nov 5, 2025 Richard Mccormick
0$259.57—
Nov 5, 2025 Richard Mccormick
0$259.57—

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Automatic Data Processing insiders buying the stock?

10 open-market insider purchases of ADP in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Automatic Data Processing?

5 of the superinvestors Investingly tracks hold ADP in their latest 13F, including Jean-Marie Eveillard, Hersh Cohen, Cliff Asness.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.