Wall Street analyst estimates for Automatic Data Processing, Inc. (ADP): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Automatic Data Processing, Inc. (ADP) is a global provider of cloud-based solutions designed for human capital management (HCM). The company organizes its operations into two primary segments: Employer Services and Professional Employer Organization (PEO). Through its Employer Services division, ADP delivers strategic, cloud-powered platforms and comprehensive human resources (HR) outsourcing.
Consensus price target
$280.50 (-5 % vs price $296.01)
between $240.00 and $340.00 · 4 targets published in the last quarter
Closing price, Nov 3
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2027E | $23.3B | $23.2B – $23.3B | $12.36 | 11 |
| 2028E | $24.6B | $24.5B – $24.7B | $13.51 | 10 |
| 2029E | $26.0B | $25.7B – $26.3B | $14.75 | 6 |
Fiscal year ending in June · figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 8 |
| Hold | 23 |
| Sell | 5 |
| Strong Sell | 0 |
| Total analysts | 36 |
| Avg rating (−2 sell to +2 buy) | 0.08 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-27 | $2.90 | ||
| 2026-10-28 | $2.82 | $2.77 | +1.8% |
| 2026-07-29 | $2.64 | $2.59 | +1.9% |
| 2026-04-29 | $3.37 | $3.30 | +2.1% |
| 2026-01-28 | $2.62 | $2.57 | +1.9% |
| 2025-10-29 | $2.49 | $2.44 | +2.0% |
| 2025-07-30 | $2.26 | $2.23 | +1.3% |
| 2025-04-30 | $3.06 | $2.97 | +3.0% |
Valuation Ratios
| P/E Ratio | 26.22 |
| Price / Book | 23.05 |
| Dividend Yield | 2.30% |
Income Statement (10y)
| Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.38B | $13.33B | $14.18B | $14.59B | $15.01B | $16.50B | $18.01B | $19.20B | $20.56B | $21.95B |
| Cost of Revenue | $6.73B | $7.28B | $7.55B | $7.88B | $8.03B | $8.77B | $9.21B | $9.61B | $10.11B | $11.37B |
| Gross Profit | $5.65B | $6.05B | $6.62B | $6.71B | $6.97B | $7.73B | $8.81B | $9.59B | $10.45B | $10.58B |
| Research & Development | $627.5M | $635.4M | $636.3M | $674.1M | $716.6M | $798.6M | $844.8M | $955.7M | $988.6M | $774.9M |
| Selling, General & Admin | $2.60B | $2.84B | $2.98B | $2.89B | $2.93B | $3.13B | $3.45B | $3.69B | $4.05B | $4.41B |
| Operating Expenses | $3.23B | $3.47B | $3.62B | $3.56B | $3.65B | $3.93B | $4.30B | $4.65B | $5.04B | $6.50B |
| Operating Income | $2.42B | $2.58B | $3.00B | $3.14B | $3.32B | $3.80B | $4.51B | $4.94B | $5.41B | $4.08B |
| EBITDA | $2.93B | $2.76B | $3.54B | $3.77B | $3.93B | $4.41B | $5.24B | $5.80B | $6.24B | $6.45B |
| Interest Expense | $80.0M | $102.7M | $129.9M | $107.1M | $59.7M | $86.3M | $257.7M | $365.8M | $455.9M | $459.2M |
| Pre-tax Income | $2.53B | $2.17B | $3.01B | $3.18B | $3.36B | $3.80B | $4.44B | $4.87B | $5.31B | $5.73B |
| Income Tax | $797.7M | $550.3M | $712.8M | $716.1M | $762.7M | $855.2M | $1.03B | $1.12B | $1.23B | $1.32B |
| Net Income | $1.73B | $1.62B | $2.29B | $2.47B | $2.60B | $2.95B | $3.41B | $3.75B | $4.08B | $4.41B |
| EPS | $3.87 | $4.28 | $5.27 | $5.73 | $6.10 | $7.04 | $8.25 | $9.14 | $10.02 | $10.97 |
| EPS (Diluted) | $3.85 | $4.25 | $5.24 | $5.70 | $6.07 | $7.00 | $8.21 | $9.10 | $9.98 | $10.95 |
| Shares Outstanding (Diluted) | 450.3 M | 443.3 M | 437.6 M | 432.7 M | 428.1 M | 421.1 M | 415.7 M | 412.2 M | 408.7 M | 399.4 M |
Price
| Price | $296.01 (closing price, November 3, 2026) |
| Market Cap | $117.3B |
| Exchange | NASDAQ |
| Country | US |
Related companies: PAYX · WDAY · PCTY · PAYC
Explore sector: Technology · Software - Application
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