ADP at a glance
Automatic Data Processing (ADP, SEC CIK 8670) filed its latest 10-K annual report on August 5, 2026, a 10-Q quarterly report on April 30, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as September 10, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended June 30, 2026 (FY2026), Automatic Data Processing (ADP) reported revenue of $21.9 billion (up 6.7% from FY2025) and net income of $4.4 billion. Diluted EPS was $10.94.
- As of June 30, 2026, 61 institutional investment managers tracked by SignalX reported holding Automatic Data Processing (ADP) shares worth $36.2 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by DeSilva Joseph on September 3, 2026 of 631 shares at $282.87 per share.
- In the last 90 days, ADP insiders reported 0 open-market purchases ($0) and 23 open-market sales ($12.3M) on Form 4, a net sale of $12.3M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $21.9B
- +6.7% vs prior year
- Insiders · 90 days
- 0 buys · 23 sells
- Net −$12.3M
- 13F holders
- 61 funds
- $36.2B · −1 vs prior quarter
- Latest 8-K
- Jul 29, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Jun 30, 2026
Risk Factors
- Regulatory risk from evolving U.S. and foreign tax laws impacting PEO business, including IRS Certified PEO obligations and potential penalties for non-compliance
- Geopolitical exposure to disruptions from potential widespread U.S. banking system stress affecting client payment remittance and fund recovery
- Operational risk from heavy reliance on third-party data centers and cloud providers, risking business disruption and increased costs if services are interrupted
- Competitive risk from rapid AI-driven technological advances that may render existing HCM solutions obsolete or less competitive
- Financial risk due to short-term funding needs for client funds managed via commercial paper and credit facilities, vulnerable to financing disruptions
Business Overview
- Core business model: Global, AI-enabled Human Capital Management (HCM) solutions spanning payroll, HR, compliance, talent, benefits, and outsourcing services
- New emphasis on AI integration: AI core in HCM platforms with persona-based AI agents recognized as 2026 Data Solution of the Year for HR and Fast Company’s #1 Most Innovative HR company
- Strategic shift: Accelerated focus on AI-driven automation combined with expert human judgment; expanded global payroll with 42 million workers paid in 140+ countries, moving $3.5 trillion in FY26
- Quantitative metric: Employee count steady at ~67,000; R&D spend increased to $1.405 billion in FY26 from $1.388 billion in FY25, with investment in generative and agentic AI
- Noteworthy fact: ADP TotalSource remains largest IRS-certified PEO, serving 19,000 clients and 770,000 worksite employees exclusively in U.S. under co-employment model
Management Discussion & Analysis
- Revenue $21,947.4M, up 7% YoY; 6% organic constant currency growth; Employer Services $14,831.4M (+7%), PEO Services $7,128.1M (+7%)
- EBIT margin 26.1% vs 25.8% (+30 bps); Adjusted EBIT margin 26.8% vs 26.0% (+80 bps); Diluted EPS $10.94 vs $9.98 (+10%), adjusted diluted EPS $11.12 vs $10.01 (+11%)
- Best segment: Employer Services EBIT $5,436.8M, margin 36.7% (+60 bps); Worst segment: PEO Services EBIT $936.1M, margin 13.1% (-110 bps)
- Operating cash flow $5.44B (+$501.5M YoY); Capital expenditures $195.7M (up from $176.8M); Dividends $2.6B and share repurchases $2.1B ($242.92 average price, 8.6M shares repurchased)
- Management highlights AI expansion and strategic progress; Fiscal 2027 capex expected $200-225M; Key risks: AI impact, regulatory changes, market/economic uncertainties, liquidity risks
AI summary of the ADP 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Mar 31, 2026
Management Discussion & Analysis
- Revenue $5,939.2M, up 7% YoY from $5,553.0M
- EBIT margin 30.0% vs 29.2%; adjusted EBIT margin 30.2% vs 29.3%
- Employer Services revenue $4,036.1M, up 7%; margin 41.1% vs 39.8%
- PEO Services revenue $1,906.0M, up 7%; margin 13.0% vs 14.2%
- Share repurchases 2.6M shares; client funds balances up 8.5% to $48.3B, with interest revenue $403.9M vs $355.2M
Risk Factors
- Risk factors unchanged from June 30, 2025 Form 10-K
- Regulatory risk: amended By-Laws on April 26, 2026 to incorporate SEC Rule 2.04 requirements
- Capital-allocation risk: $6 billion January 2026 repurchase authorization replacing prior $5 billion authorization
- Financial risk: $5.49 billion remaining repurchase capacity as of March 31, 2026
AI summary of the ADP 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Fiscal Q4 and full-year 2026 results ended June 30, 2026
- Earnings release available on ADP’s website and filed as Exhibit 99
Item EX-99.1: Item EX-99.1
- Fiscal 2026 revenue rose 7% to $21.9B, while adjusted EBIT increased 10% to $5.9B and margin expanded 80 basis points to 26.8%
- Employer Services bookings grew 6% to $2.2B, supporting recurring growth despite client retention remaining 92.1%
Item 1.01: Entry into a Material Definitive Agreement
- $9.2B total revolving capacity: $5.7B 364-day facility plus $3.5B five-year facility
- Five-year facility expandable by $500M to $4B, subject to additional lender commitments
Item 8.01: Other Events
- Legal opinion from Davis Polk & Wardwell LLP confirms Notes’ legality
- Exhibit 5.1 supports enforceability and completion of the Notes offering
Item 1.01: Entry into a Material Definitive Agreement
- $1.0 billion senior notes issued at 5.000% interest, maturing in 2036
- Debt sale expands ADP’s long-term financing obligations through 2036
AI summaries of ADP 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for ADP
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Sugla Vishwas | A | Sep 9, 2026 | 2,073 | - |
| Sugla Vishwas | A | Sep 9, 2026 | 2,827 | - |
| DeSilva Joseph | Sell | Sep 3, 2026 | 631 | $282.87 |
| Black Maria | Sell | Sep 2, 2026 | 760 | $281.70 |
| Black Maria | Sell | Sep 2, 2026 | 610 | $281.86 |
| Black Maria | Sell | Sep 2, 2026 | 700 | $278.59 |
| Black Maria | Sell | Sep 2, 2026 | 256 | $279.44 |
| DeSilva Joseph | Sell | Sep 2, 2026 | 6,512 | $283.00 |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $19.2B | $20.6B | $21.9B | |
| Net Income | $3.8B | $4.1B | $4.4B | |
| Net Margin | 19.5% | 19.8% | 20.1% | |
| Balance Sheet | ||||
| Total Assets | $54.4B | $53.4B | $63.2B | |
| Equity | $4.5B | $6.2B | $6.0B | |
| ROE | 82.5% | 65.9% | 73.2% | |
| Per Share | ||||
| EPS | $9.10 | $9.98 | $10.94 | |
| Cash Flow | ||||
| Operating CF | $4.2B | $4.9B | $5.4B | |
Source: XBRL data in Automatic Data Processing (ADP)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate ADP share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 61 | $36.16B |
| Q1 2026 | 62 | $32.12B |
| Q4 2025 | 60 | $43.79B |
| Q3 2025 | 64 | $49.38B |
| Q2 2025 | 62 | $49.91B |
| Q1 2025 | 58 | $38.06B |
| Q4 2024 | 54 | $29.95B |
| Q3 2024 | 47 | $16.05B |
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- Goldman Sachs Group+848.0K (+19%)
- AQR Capital Management+662.3K (+86%)
- Two Sigma Investments−562.1K (-44%)
- Renaissance Technologies LLC−539.9K (-83%)
- Vanguard Portfolio Management LLC−510.7K (-5%)
- Millennium Management−493.0K (-71%)
- Northern Trust−190.1K (-3%)
- D.E. Shaw & Co−1.19M
- Marex Group plc−1.4K
Source: 13F-HR filings on SEC EDGAR (aggregated from 468 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
ADP filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 4, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
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ADP SEC filings: frequently asked questions
Are ADP insiders buying or selling?
In the last 90 days, Automatic Data Processing (ADP) officers, directors and 10% owners reported no open-market purchases and 23 open-market sales worth $12.3 million by 6 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold ADP stock?
As of June 30, 2026, the largest Automatic Data Processing (ADP) holders among the 13F filers tracked by SignalX were BlackRock ($8.1 billion), Vanguard Capital Management LLC ($5.8 billion), State Street Corp ($4.6 billion), Invesco Ltd ($3.0 billion), Vanguard Portfolio Management LLC ($2.4 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was ADP's revenue in fiscal year 2026?
For the fiscal year ended June 30, 2026 (FY2026), Automatic Data Processing (ADP) reported revenue of $21.9 billion (up 6.7% from FY2025) and net income of $4.4 billion. Diluted EPS was $10.94. The figures come from the XBRL data in the 10-K.
What are the main risks in ADP's latest 10-K?
In the 10-K filed August 5, 2026, Automatic Data Processing (ADP) flagged: Regulatory risk from evolving U.S. and foreign tax laws impacting PEO business, including IRS Certified PEO obligations and potential penalties for non-compliance. Geopolitical exposure to disruptions from potential widespread U.S. banking system stress affecting client payment remittance and fund recovery. (AI summary of the Risk Factors section.)
What did ADP report in its latest 8-K?
Automatic Data Processing (ADP) filed an 8-K on July 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Fiscal Q4 and full-year 2026 results ended June 30, 2026.
What are the latest ADP SEC filings?
Automatic Data Processing (ADP) filed its latest 10-K annual report on August 5, 2026, a 10-Q quarterly report on April 30, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on September 10, 2026.
What is ADP's SEC CIK number?
Automatic Data Processing (ADP)'s SEC Central Index Key (CIK) is 8670. EDGAR lists every ADP filing under that number.
Ask anything about ADP
The research agent reads ADP's filings, financials, insider trades and 13F holders, then answers with sources.