What is the 13F Pro Quality Score for ADP?

13F Pro ranks AUTOMATIC DATA PROCESSING INC (ADP) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View ADP's current score at https://13fpro.ai/research/ADP (free sign-up required for the full ranking).

Which hedge funds own the most ADP stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of ADP include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/ADP as soon as new 13F filings post.

Where does 13F Pro source ADP data?

All AUTOMATIC DATA PROCESSING INC fundamentals and ownership data come directly from SEC EDGAR. AUTOMATIC DATA PROCESSING INC files with the SEC under CIK 8670. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is ADP in?

AUTOMATIC DATA PROCESSING INC (ADP) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives ADP's revenue?

Per AUTOMATIC DATA PROCESSING INC's latest 10-Q filed with the SEC on 2026-04-30, the biggest revenue drivers are: Employer Services ($11,134.6M, +7% YoY); PEO Services ($5,348.7M, +6% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/ADP.

How often is ADP research updated on 13F Pro?

ADP's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

AUTOMATIC DATA PROCESSING INC(ADP)Stock Analysis

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13F Pro Quality Score

77.9/100

Rank #72 of 2,879 stocksTOP 5%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

61.1/100

Profitability

85.5/100

Balance Sheet

84.0/100

Earnings Quality

58.0/100

Free Cash Flow

82.4/100

Institutional Flow

85.0/100

Revenue Scale

93.3/100

Dilution Risk

50.4/100

ADP Stock Analysis & AI Quality Score

AI stock analysis and institutional research for AUTOMATIC DATA PROCESSING INC (ADP), a Technology sector company. 13F Pro's AI-powered ranking engine scores ADP at 77.9/100 on a 32-signal composite quality model, placing it at rank #72 of 2,879 stocks — the top 5% of the AI-ranked universe. ADP scores in the top quartile across revenue scale (93.3), profitability (85.5), institutional flow (85.0). Based on the latest XBRL financial filings (Q3 2026), AUTOMATIC DATA PROCESSING INC reports quarterly revenue of $5.9B, net income of $1.4B, an operating margin of 30.0%. Top institutional holders of ADP by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. ADP trades on the Nasdaq exchange and files with the SEC under CIK 8670. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ADP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AUTOMATIC DATA PROCESSING INC directly from SEC EDGAR. AUTOMATIC DATA PROCESSING INC's 13F Pro composite quality score has ranged between 8 and 78 since 2021, currently 77.9 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about AUTOMATIC DATA PROCESSING INC

Quirks, history, and lore behind ADP — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology and services company · mega-cap · listed on Nasdaq · headquartered in New Jersey.
2
The Numbers
Serves roughly one million businesses worldwide and processes payroll for about one in six U.S. workers — that's a lot of direct deposits.
3
The History
Founded in 1949 in Paterson, NJ by a 22-year-old with a $10,000 loan from his employer, it was processing payroll before computers were even office furniture.
4
The Secret
Its float income — interest earned on billions of client funds held in transit — quietly acts as a second revenue engine that swells whenever interest rates rise.
5
The Lore
It's a member of the elite S&P 500 Dividend Aristocrats, having raised its dividend for nearly 50 consecutive years — Wall Street calls that kind of streak a superpower.
6
The Giveaway
Its three-letter ticker is practically a synonym for payday — because if your employer outsources payroll, HR, and benefits, there's a very good chance this company's software cut your last check.

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What's Driving ADP's Business? Latest 10-Q Breakdown

AI-extracted from AUTOMATIC DATA PROCESSING INC's 10-Q filed 2026-04-30 — Q3 FY2026 (nine months ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

ADP delivered 7% revenue growth to $16.5B and 10% diluted EPS growth to $8.49 for nine months ended March 31, 2026, driven by HCM strength and client funds interest income.

Biggest Revenue Drivers

Total revenue: $16,473.6M+7% YoY

Employer Services$11,134.6M+7% YoY

New business bookings, strong client retention, pricing increases, and interest on funds held for clients

PEO Services$5,348.7M+6% YoY

Zero-margin benefits pass-throughs increased $232.8M; average worksite employees grew 2%

Largest Expense Items

Operating expenses$7,666.5M+7% YoY

PEO benefits pass-through costs increased $232.8M; service and implementation costs higher

Selling, general, and administrative expenses$3,156.0M+7% YoY

Increased selling and marketing expenses of $180.4M due to sales organization investments

Research and development$762.9M+6% YoY

Increased costs for product development, including WorkForce Software acquisition integration

Margins: EBIT margin expanded 50 bps to 27.1% YoY, driven by client funds interest contributions, lower customer contract amortization, and reduced commercial paper interest rates, partially offset by higher selling expenses.

Watch Items from the Filing

PEO Services margin declined 110 bps YoY to 13.4% due to increased selling costs, zero-margin benefits pass-throughs, state unemployment insurance increases, and lower ADP Indemnity pre-tax benefits ($4.4M vs $9.7M prior year).
Interest rate sensitivity: 25 basis point change in both short and intermediate rates would impact earnings by ~$20M annually; 25 bp change in short-term rates only would impact ~$8M annually.
Pending ERISA litigation (TotalSource retirement plan) filed May 2020; Company unable to estimate reasonably possible loss but vigorously defending.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q3 2026

$5.9B

Net Income

Q3 2026

$1.4B

Free Cash Flow

Q3 2026

$2.2B

Operating Margin

Q3 2026

30.0%

D/E Ratio

Q3 2026

0.63

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+7.1% YoY

$20.56BFY 2025

FY22 $16.50BFY23 $18.01BFY24 $19.20BFY25 $20.56B

Net Income

+8.7% YoY

$4.08BFY 2025

FY22 $2.95BFY23 $3.41BFY24 $3.75BFY25 $4.08B

EPS (Diluted)

+9.7% YoY

$9.98FY 2025

FY22 $7.00FY23 $8.21FY24 $9.10FY25 $9.98

Total Assets

-1.8% YoY

$53.37BFY 2025

FY22 $63.07BFY23 $50.97BFY24 $54.36BFY25 $53.37B

Total Debt

+32.9% YoY

$3.98BFY 2025

FY22 $2.99BFY23 $2.99BFY24 $2.99BFY25 $3.98B

Op. Cash Flow

+18.8% YoY

$4.94BFY 2025

FY22 $3.10BFY23 $4.21BFY24 $4.16BFY25 $4.94B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$20.56B +7.1%	$19.20B +6.6%	$18.01B +9.2%	$16.50B +9.9%	$15.01B +2.8%	$14.59B
Net Income	$4.08B +8.7%	$3.75B +10.0%	$3.41B +15.7%	$2.95B +13.5%	$2.60B +5.4%	$2.47B
EPS (Diluted)	$9.98 +9.7%	$9.10 +10.8%	$8.21 +17.3%	$7.00 +15.3%	$6.07 +6.5%	$5.70
Total Assets	$53.37B -1.8%	$54.36B +6.7%	$50.97B -19.2%	$63.07B +29.3%	$48.77B +24.5%	$39.17B
Total Debt	$3.98B +32.9%	$2.99B +0.1%	$2.99B +0.1%	$2.99B +0.1%	$2.99B -0.7%	$3.01B
Operating Cash Flow	$4.94B +18.8%	$4.16B -1.2%	$4.21B +35.8%	$3.10B +0.2%	$3.09B +2.2%	$3.03B

AI Insight: ADP Financial Trends

Q1 2026 revenue reached $5.94B (+7% YoY) with net income surging to $1.36B, strongest quarter in dataset, while operating cash flow hit $2.24B.

• Net income grew 8.5% YoY from Q1 2025 ($1.25B) to Q1 2026 ($1.36B); Q1 2026 is highest in 8-quarter span.

• Operating cash flow jumped to $2.24B in Q1 2026, highest since Q2 2024 ($1.30B), indicating strong cash generation.

• Debt remained flat at ~$3.98B across last 5 quarters while equity grew 8.4% from Q1 2025 to Q1 2026.

⚠ Operating cash flow volatility: Q3 2025 dipped to $642M before recovering to $1.13B in Q4 2025 and $2.24B in Q1 2026.

⚠ Q2 2025 revenue declined 7.7% QoQ to $5.13B; monitor for seasonality patterns and sustainability of Q1 2026 growth.

AI Insight: ADP Ratio Trends

ADP's operating margin surged to 30.0% in Q1 2026, marking a second consecutive quarter above 29%, as ROIC rebounded to 69.0% on stronger profitability.

• Operating margin expanded 470bp from Q2 2024 (22.8%) to Q1 2026 (30.0%), with Q1 2026 and Q1 2025 both exceeding 29%.

• ROIC recovered to 69.0% in Q1 2026, highest in dataset, after dipping to 46.9% in Q2 2025; TTM ROIC now 54.8%.

• Debt-to-equity stable around 0.62–0.63 for past three quarters, down from 0.78 peak in Q4 2024.

⚠ ROA declined to 5.0% in Q4 2025, lowest since Q2 2024 (6.1%), suggesting potential asset efficiency headwind despite margin strength.

⚠ Q1 results show outsized profitability metrics (ROE 85.7%, ROIC 69.0%) that appear seasonal; Q2 2025 collapse warrants monitoring.

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Available Research

13F Pro tracks comprehensive data for AUTOMATIC DATA PROCESSING INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of ADP

BlackRock, Inc.
$7.2B35,499,016 sh
VANGUARD CAPITAL MANAGEMENT LLC
$5.3B26,150,698 sh
STATE STREET CORP
$4.0B19,326,803 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.4B11,993,206 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$2.3B11,561,745 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.2B11,052,077 sh
WELLINGTON MANAGEMENT GROUP LLP
$2.1B10,104,386 sh
Capital Research Global Investors
$1.7B8,556,120 sh
WELLS FARGO & COMPANY/MN
$1.4B6,907,706 sh
ALLIANCEBERNSTEIN L.P.
$1.3B5,101,809 sh

Fund	Value	Shares
BlackRock, Inc.	$7.2B	35,499,016
VANGUARD CAPITAL MANAGEMENT LLC	$5.3B	26,150,698
STATE STREET CORP	$4.0B	19,326,803
GEODE CAPITAL MANAGEMENT, LLC	$2.4B	11,993,206
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$2.3B	11,561,745
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.2B	11,052,077
WELLINGTON MANAGEMENT GROUP LLP	$2.1B	10,104,386
Capital Research Global Investors	$1.7B	8,556,120
WELLS FARGO & COMPANY/MN	$1.4B	6,907,706
ALLIANCEBERNSTEIN L.P.	$1.3B	5,101,809

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Is ADP a good stock to buy?

13F Pro's AI-powered analysis of AUTOMATIC DATA PROCESSING INC (ADP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ADP are available on the ADP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own ADP?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ADP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of AUTOMATIC DATA PROCESSING INC's investment landscape.