Automatic Data Processing Inc (ADP)

Net profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	3,752,000	3,699,400	3,557,600	3,492,300	3,411,900	3,260,700	3,146,100	3,027,400	2,948,900	2,861,600	2,743,800	2,696,900	2,598,500	2,471,800	2,482,000	2,486,100	2,466,400	2,530,400	2,463,200	2,369,800
Revenue (ttm)	US$ in thousands	19,202,800	18,808,000	18,506,700	18,268,100	18,012,100	17,556,800	17,162,500	16,847,400	16,499,700	16,085,300	15,679,100	15,353,500	15,009,000	14,617,400	14,577,100	14,564,800	14,589,800	14,692,300	14,472,700	14,295,600
Net profit margin		19.54%	19.67%	19.22%	19.12%	18.94%	18.57%	18.33%	17.97%	17.87%	17.79%	17.50%	17.57%	17.31%	16.91%	17.03%	17.07%	16.90%	17.22%	17.02%	16.58%

June 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,752,000K ÷ $19,202,800K
= 19.54%

Automatic Data Processing Inc has shown a relatively stable net profit margin over the past few quarters, with the margin ranging between 16.58% to 19.67%. The trend indicates that the company has been able to maintain a healthy level of profitability relative to its revenue during this period. However, it is worth noting that there was a slight dip in the net profit margin in the most recent quarter compared to the previous one. Overall, the company's ability to generate profits from its operations appears to be solid, but monitoring future changes in the net profit margin will be important to assess the company's financial performance accurately.