Automatic Data Processing Inc (ADP)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,752,000 | 3,412,000 | 2,948,900 | 2,598,500 | 2,466,500 |
| Revenue | US$ in thousands | 19,202,600 | 18,012,200 | 16,498,300 | 15,005,400 | 14,589,800 |
| Net profit margin | 19.54% | 18.94% | 17.87% | 17.32% | 16.91% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $3,752,000K ÷ $19,202,600K
= 19.54%
The net profit margin of Automatic Data Processing Inc has shown a consistent upward trend over the past five years, reflecting the company's ability to generate profit from its revenue. The gradual increase from 16.91% in 2020 to 19.54% in 2024 indicates a positive growth trajectory in terms of profitability. This improvement suggests that the company has been effectively managing its costs and operational efficiency, resulting in a higher percentage of revenue translating into net profit. Overall, the rising trend in net profit margin for Automatic Data Processing Inc signifies a strengthening financial performance and potentially favorable prospects for the company's future profitability.
Peer comparison
Jun 30, 2024